News briefs – Page 13
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News briefs
Rubber prices shot up from a low of $1.50 per...
Rubber prices shot up from a low of $1.50 per kilo last September to $2.50 this past January, forcing suppliers of rubber soles to raise their own prices by a minimum of 10 percent. Among other factors, the price hike was due to floods in Thailand late last year, increases ...
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News briefs
Sports Direct International (SDI) continues to believe that the devaluation...
Sports Direct International (SDI) continues to believe that the devaluation of the euro against the dollar will impact its gross margin, the British sports retailer said in a statement last week, in response to queries about currency hedging. The group said its euro to dollar exchange rate is hedged at ...
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News briefs
Sportamore, the Swedish online sports retailer, reports that its sales...
Sportamore, the Swedish online sports retailer, reports that its sales soared by 29 percent to 701.6 million Swedish kronor (€73.5m-$78.4m) last year. The group achieved an operating profit (Ebitda) of SEK 19.5 million (€2.0m-$2.2m), while the figure was negative at SEK 36.4 million in 2015. Ebitda became profitable in Sweden ...
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News briefs
Airesis, the Swiss holding company that owns majority stakes in...
Airesis, the Swiss holding company that owns majority stakes in Le Coq Sportif and the Movement Group, reports that the French brand's sales increased by 7 percent to €108 million last year, up from €101 million in 2015. This was slightly below the earlier forecast of about €111 million, which ...
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News briefs
The integration of Oakley into Luxottica's wholesale operations allowed the...
The integration of Oakley into Luxottica's wholesale operations allowed the group to improve its operating margins, but the management has indicated that a sales turnaround for the brand is not expected until the second half of this year. The measures taken at Oakley and other improvements in efficiency led the ...
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News briefs
Berkshire Hathaway reports that sales of its apparel and footwear...
Berkshire Hathaway reports that sales of its apparel and footwear brands, which include Russell Athletics and Brooks, declined by 1.9 percent last year. This was equivalent to $81 million, reflecting lower footwear sales and a divestment by Fruit of the Loom in 2015, the investment group notes in its annual ...
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News briefs
Yonex' growth slowed down in the third quarter to Dec....
Yonex' growth slowed down in the third quarter to Dec. 31 as its sales rose by only 5 percent to 13.9 billion yen (€114.3m-$121.0m), due in large part to the deceleration of the Japanese economy. Currency pressure hurt the company's results in North America and Europe. The gross margin fell ...
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News briefs
Goldwin booked a 13 percent rise in comprehensive net income...
Goldwin booked a 13 percent rise in comprehensive net income to 1,513 million yen (€12.4m-$13.2m) in the third quarter ended Dec. 31. Excluding special items, net earnings would have more than doubled to ¥4,099 million (€33.7m-$35.7m), due in particular to a gross margin that improved by 2.6 percentage points to 51.2 ...
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News briefs
Descente turned around to a net comprehensive profit of 1,993...
Descente turned around to a net comprehensive profit of 1,993 million yen (€16.4m-$17.4m) in the third quarter ended Dec. 31 from a loss of 591 million in the year-earlier period, but excluding extraordinary items in both periods, there was a drop in net income of 27 percent to ¥1,498 million (€12.3m-$13.0m). ...
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News briefs
Iconix Brands Group, owner of Umbro, Danskin, Starter, Pony and...
Iconix Brands Group, owner of Umbro, Danskin, Starter, Pony and other brands, saw its licensing revenues decline on a comparable basis by 7 percent to around $87.1 million in the fourth quarter of 2016 and by 2 percent to $368.5 million for the full year. The company suffered a higher ...
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News briefs
According to preliminary data from NPD, the consumption of sports...
According to preliminary data from NPD, the consumption of sports shoes and apparel grew by around 3 percent in volume and 4 percent in value during the rolling 12-month period ended last September in the five major European markets. Among the drivers, NPD mentions sales of women-specific products, which rose ...
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News briefs
Figures for the sale of sporting goods in Sweden presented...
Figures for the sale of sporting goods in Sweden presented by HUI Research show that January was one of the worst months in recent history. While retail sales as a whole increased by 2.6 percent in the country, sales of sporting goods fell by 10.6 percent as compared to the ...
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News briefs
According to a survey conducted by a Norwegian organization, Norsk...
According to a survey conducted by a Norwegian organization, Norsk Friluftsliv, four out of ten Norwegians were not planning on going skiing this winter. When the last survey was conducted two years ago, 55 percent stated that they had been skiing during the winter or had plans to do so. ...
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News briefs
Wolverine Worldwide reported a relatively strong fourth quarter, as the...
Wolverine Worldwide reported a relatively strong fourth quarter, as the footwear group's turnover was off by 2.9 percent to $729.6 million but its underlying sales inched up by 0.1 percent, despite an unfavorable retail environment. The U.S. group behind Merrell, Saucony and several other brands raised its adjusted operating margin ...
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News briefs
Volcom saw its sales rise at its directly operated stores...
Volcom saw its sales rise at its directly operated stores in 2016, but the brand's overall revenues continued to decline, said its parent company, Kering, which also owns Puma. The action sports brand represented the bulk of the “Other Sport & Lifestyle Brands” segment in Kering's accounts, which showed an ...
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News briefs
Erima reports a sales increase of nearly 11 percent to...
Erima reports a sales increase of nearly 11 percent to a record of €65 million in 2016, thanks in particular to its new Razor 2.0 line of team sports clothing and its new Hybrid line of footballs. It was the third annual double-digit increase in a row for the German ...
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News briefs
Retail bankruptcies and the closing of some 1,200 stores in...
Retail bankruptcies and the closing of some 1,200 stores in the U.S. in the past year affected Hanesbrands, the parent company of Champion, which reported results below expectations for the fourth quarter and the full financial year. The company's total revenues grew by 11.8 percent to $1.56 billion in the ...
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News briefs
BSI, the German sporting goods industry federation, has conducted a...
BSI, the German sporting goods industry federation, has conducted a survey among its members showing that almost 75 percent assess the current market situation as good or very good, while about 25 percent are satisfied and 3 percent evaluate it as bad. About 71 percent of BSI's members stated that ...
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News briefs
Retail sales of sporting goods grew by 5.2 percent in...
Retail sales of sporting goods grew by 5.2 percent in Sweden last year, according to HUI. As previously reported, they had risen by 14.6 percent in November, but then they fell by 2.9 percent in the important month of December. HUI believes that the cause for this turn of events ...
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News briefs
Sports Marketing Surveys has released the latest results of its...
Sports Marketing Surveys has released the latest results of its sports participation study, covering 27 sports in 21 countries, which comes out every other year. It is based on surveys of 3,000 households in each country, and it provides historical data because the research project began in 2014.
