Financial insights for the sporting goods industry – Page 92
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News briefs
Sequential Brands reported an increase in its net loss to...
Sequential Brands reported an increase in its net loss to $1,180,000 for the first quarter of 2017 in spite of a 16 percent increase in licensing revenues to $39.4 million, led by gains at its Avia and Heelys brands. Heelys, which now has a presence in 185 countries, is developing ...
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News briefs
Cherokee, which bought Hi-Tec Sports last year and licensed it...
Cherokee, which bought Hi-Tec Sports last year and licensed it out, reported revenues of $7.8 million from the brand for the fourth quarter ended Jan. 28, comprising licensing revenues of $1.2 million and $6.6 million worth of indirect product sales related to distribution and government contracts. The business generated a ...
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News briefs
Blaming weak demand for its products in Mainland China, where...
Blaming weak demand for its products in Mainland China, where it has many competitors, Giant Bicycle reported a 5 percent drop in revenues to 13.5 billion Taiwanese dollars (€402.3m-$447.3m) for the first quarter ended March 31, leading to a 40 percent drop in net income to NT$516 million (€15.4m-$17.1m). Sales increased ...
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News briefs
Polygiene, the Swedish company specializing in anti-odor treatments for garments,...
Polygiene, the Swedish company specializing in anti-odor treatments for garments, reported a 30 percent boost in its sales to 17.4 million Swedish kronor (€1.78m-$1.98m), with a growth of 24 percent in constant currencies. However, the company booked a net loss of SEK3.1 million (€0.32m-$0.35m) for the period, up from SEK1.3 million ...
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News briefs
Iconix, another big American brand owner whose assets include Umbro,...
Iconix, another big American brand owner whose assets include Umbro, Danskin, Starter, Ocean Pacific and other brands, saw its licensing revenues decline by 13 percent to $58.7 million, due to the divestiture of several brands. The net result was a net loss of $4,280,000 against income of $18,616,000 in the ...
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News briefs
In the financial year ended March 31, Yonex' comprehensive net...
In the financial year ended March 31, Yonex' comprehensive net income jumped by 61 percent to 2,727 million yen (€22.0m-$24.5m), while its revenues rose by 13 percent to ¥61.04 billion (€489.5m-$544.2m). The gross margin inflated by 0.7 percentage points to 43.9 percent. The Chinese market was the key growth driver ...
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News briefs
Descente's net income fell by 28 percent to 5,650 million...
Descente's net income fell by 28 percent to 5,650 million yen (€45.9m-51.2m) in the year ended March 31. Sales dropped by 3 percent to ¥131.5 billion (€1.1bn-$1.2bn), and the Japanese group attributed this to the strong yen and economic stagnation in Korea. They were flat at ¥54.4 billion (€442.6m-$492.6m) in ...
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News briefs
Globeride's comprehensive net income soared to 2,365 million yen (€19.0m-$21.1m) for...
Globeride's comprehensive net income soared to 2,365 million yen (€19.0m-$21.1m) for the year ended March 31 from ¥859 million the year before, thanks largely to a positive swing of one billion yen (€8.0m-$8.9m) in extraordinary items. Revenues were practically flat at ¥79.1 billion (€634.3m-$705.1m) for the parent company of Daiwa, as a decline ...
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News briefs
Goldwin's comprehensive net income nearly tripled to 3,114 million yen (€25.0m-$27.8m)...
Goldwin's comprehensive net income nearly tripled to 3,114 million yen (€25.0m-$27.8m) in the year ended March 31 from ¥1,130 million, but it was practically flat excluding special items. Revenues went up by 2 percent to ¥60.9 billion (€488.3m-$542.9m) for the company, which also sells The North Face, Helly Hansen and Ellesse ...
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News briefs
In a preliminary statement, Zalando said its sales grew by...
In a preliminary statement, Zalando said its sales grew by between 22 and 24 percent in the first quarter of 2017, generating an operating margin of between one and three percent – lower than analysts had estimated. It confirmed projections for this year of growth between 20 and 25 percent ...
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News briefs
Led by its ski maintenance and ski-boot fitting equipment, Wintersteiger's...
Led by its ski maintenance and ski-boot fitting equipment, Wintersteiger's revenues in the sports sector grew by 5 percent to more than €60 million last year, in spite of a stagnating snow sports market in the Alps and North America, leading to higher profits in the segment. The development of ...
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News briefs
Thule Group reported a 20 percent increase in net income...
Thule Group reported a 20 percent increase in net income to 203 million Swedish kronor (€21.0m-$22.9m) for the first quarter of 2017 on a 15.9 percent sales increase to SEK 1,599 million (€165.7m-$180.6m). Currency-adjusted, the quarterly sales rose by 12.3 percent and led to an improvement in the underlying profit ...
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News briefs
Erima reports stable sales of €14 million in the first...
Erima reports stable sales of €14 million in the first quarter of 2017, as compared to the first quarter of 2016, citing very restrained demand in the team sports market. The German brand of team sports products had recorded a sales increase of 19 percent in the first quarter of ...
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Short stops
Foot Locker issued a warning indicating that its profits will...
Foot Locker issued a warning indicating that its profits will be flat or slightly down for the quarter ending April 29 due to a sales decline in the U.S. in February, attributed to delayed tax refunds to some 40 million low-income families
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News briefs
The French bike market keeps growing. It posted higher sales...
The French bike market keeps growing. It posted higher sales for the third consecutive year, driven by the double-digit growth of e-bikes. According to the French bicycle observatory, sales increased to 3,034,000 bikes sold in 2016. Sales passed the three million units for the first time since 2012. As for ...
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News briefs
The Superstar was the best-selling shoe in the U.S. market...
The Superstar was the best-selling shoe in the U.S. market in dollar terms last year, based on a ranking publicized in a tweet by Matt Powell, sports industry analyst at NPD. The ranking underlined avid demand for white retro sneakers in the U.S., as well as growing demand for the ...
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Short stops
Foot Locker's annual report says the Nike group represented 68%...
Foot Locker's annual report says the Nike group represented 68% of its sales in 2016, down from 72% in the previous year
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News briefs
Xpose360, a German online marketing agency, evaluated six sporting goods...
Xpose360, a German online marketing agency, evaluated six sporting goods online stores in terms of search engine optimization. With a rating of 23.92, the online visibility of SportScheck.com took first place in the ranking, followed by Decathlon.de (14.75), 11teamsports.de (5.0), Intersport.de (4.38), Cortexpower.de (0.93) and Sportbedarf.de (0.52). Xpose used the ...
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News briefs
Briko scored a strong double-digit increase in its turnover last...
Briko scored a strong double-digit increase in its turnover last year, following a master licensing deal with Basicnet that became effective one year ago. Prior to the deal, the brand's annual turnover amounted to nearly €7 million, with about 60 percent of it was still generated in Italy. It is ...
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News briefs
Giant is not the only Taiwanese bike company to be...
Giant is not the only Taiwanese bike company to be suffering from international competition. Merida's total sales outside Taiwan declined in volume by 26.9 percent to 1,601,623 units last year, according to Bike Europe, with a drop of 20.18 percent to 866,976 unit in the volume exported from Taiwan.
