News briefs – Page 20
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News briefs
Noting that the company's operating profit before amortization had fallen...
Noting that the company's operating profit before amortization had fallen by 2.5 million Australian dollars (€1.7m-$1.8m) in the first four months of its financial year, Billabong International's management warned shareholders at the company's annual meeting about some external challenges to its turnaround plan. It listed among other problems the decline ...
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News briefs
Yonex' net profit rose by 12 percent to 1,217 million...
Yonex' net profit rose by 12 percent to 1,217 million yen (€9.4m-$9.9m) in the first half ended Sept. 30, as sales went up by 6 percent to ¥25,218 million (€193.9m-$205.1m). The conversion of the business in China from a distributor to a direct mode led to a 175 percent jump ...
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Sales rose by 4.4 percent to 26,039 million yen (€200.2m-$211.7m)...
Sales rose by 4.4 percent to 26,039 million yen (€200.2m-$211.7m) at Goldwin in the first half through Sept. 30, and its operating profit increased by 37.9 percent to ¥429 million (€3.3m-$3.5m). However, the Japanese company's net income fell by 24 percent to ¥510 million (€3.9m-$4.1m) due to store closures and ...
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News briefs
Globeride saw its revenues go up by 5 percent to...
Globeride saw its revenues go up by 5 percent to 41,406 million yen (€318.3m-$336.6m) in the first half ended Sept. 30, with strength in fishing and golf, yet net earnings were down by 9 percent to ¥1,579 million (€12.1m-$12.8m) because of higher non-operating expenses. Citing the malaise of the Japanese ...
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News briefs
Fila Korea turned around to a net loss of 17,884...
Fila Korea turned around to a net loss of 17,884 million Korean won (€14.6m-$15.4m) in the third quarter ended Sept. 30 from a net profit of KRW 21,370 million in the year-ago period. Revenues increased by 4 percent to KRW 196,383 million (€157.6m-$166.2m), but they fell by 13 percent at ...
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News briefs
Beating analysts' expectations, Alibaba Group Holdings reported a 32 percent...
Beating analysts' expectations, Alibaba Group Holdings reported a 32 percent increase to $3.49 billion in revenues for the second quarter of its financial year, ended on Sept. 30. Sales through mobile devices nearly tripled to $1.66 billion. The total gross merchandise volume on its Chinese marketplaces went up by 28 ...
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News briefs
Stella International sees the demand for sports fashion styles continuing...
Stella International sees the demand for sports fashion styles continuing to grow in China, helping the Chinese manufacturer of athletic and fashion footwear to record higher orders in the last quarter of this year and in 2016. In the third quarter ended Sept. 30, the group's revenues increased by 6 ...
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News briefs
The launch of the Spark, a sports and fitness watch...
The launch of the Spark, a sports and fitness watch integrating a heart-rate monitor and permanent activity tracking, among other features, supported sales growth of 5 percent to €146.0 million in the third quarter for the consumer product division at TomTom, excluding automotive hardware. Coming in several versions, the Spark ...
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News briefs
Sales at Intersport Finland shrank by 4.5 percent to €46...
Sales at Intersport Finland shrank by 4.5 percent to €46 million for the third quarter, according to the quarterly results released by Kesko, the large Finnish retail group that owns the Intersport license in Finland and Russia. For the first nine months of the year, sales for Intersport Finland were ...
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News briefs
Li Ning reported that its same-store sales increased at a...
Li Ning reported that its same-store sales increased at a high single-digit rate for the third quarter, in its stores and through its online retailing business. Sales in its own stores were up at a mid-single-digit rate, while sales through franchised distributors advanced at a low single-digit rate. The comparable ...
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News briefs
361 Degrees, one of China's leading sports apparel and footwear...
361 Degrees, one of China’s leading sports apparel and footwear brands, said that its comparable store sales increased by 8.1 percent in the third quarter. The channel inventory reached a level of 4.1 months of stock held for resale. The average retail discount for the period was 23 percent. The ...
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News briefs
Beating analysts' expectations, Alibaba Group Holdings reported a 32 percent...
Beating analysts' expectations, Alibaba Group Holdings reported a 32 percent increase to $3.49 billion in revenues for the second quarter of its financial year, ended on Sept. 30. Sales through mobile devices nearly tripled to $1.66 billion. The total gross merchandise volume on its Chinese marketplaces went up by 28 ...
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News briefs
GoPro reported a 43.0 percent sales increase to $400.3 million...
GoPro reported a 43.0 percent sales increase to $400.3 million for the third quarter, falling short of analysts' estimates due to disappointing sales of cameras. Sales in Europe, the Middle East, Africa (EMEA) jumped by 179 percent to $156.6 million, while the Asia-Pacific region booked a 178 percent increase to ...
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News briefs
A new survey by Piper Jaffray, the U.S. investment bank,...
A new survey by Piper Jaffray, the U.S. investment bank, again ranked Nike as the favorite apparel brand among U.S. teenagers. About 27 percent of respondents pointed to Nike as their preferred clothing brand, way ahead of Forever 21 with 7 percent and American Eagle with 6 percent. Nike's popularity ...
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News briefs
Sales in the fitness division of Brunswick Corporation, the owner...
Sales in the fitness division of Brunswick Corporation, the owner of the Life Fitness brand, advanced by 4 percent to $197.5 million for the third quarter. They were driven by increased sales to U.S. health clubs, local and federal governments, and they included an acquisition finalized in the third quarter. ...
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News briefs
Zalando warns investors that its sales will be up by...
Zalando warns investors that its sales will be up by between 33 and 35 percent in 2015, up from a previously forecast range of 28-31 percent, but they will generate an operating margin of 3 to 4 percent, less than the anticipated margin of 4-5 percent. The updated forecast for ...
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News briefs
Garmin warns that its annual revenues will be more likely...
Garmin warns that its annual revenues will be more likely around $2.8 billion, down from a previous projection of $2.9 billion, with sales in its fitness and outdoor segment coming out weaker than previously expected. Fitness should grow by 15 percent and outdoor should be down by 4 percent. For ...
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News briefs
Jarden Corp. expects to report sales figures for the third...
Jarden Corp. expects to report sales figures for the third quarter on Oct. 29 that will exceed the high end of its annual targeted range of 3-5 percent for organic growth. Earnings per share should fall within the financial analysts' consensus.
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News briefs
In a preliminary statement, Yue Yuen Industrial Holdings said its...
In a preliminary statement, Yue Yuen Industrial Holdings said its operating revenues increased by 5.7 percent to $6.28 billion in the first nine months of this year. The growth was driven by Pou Sheng, the company's retail subsidiary, whose sales went up by 19.9 percent to $1.75 billion during the ...
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News briefs
Wolverine Worldwide, which is due to report its third-quarter results...
Wolverine Worldwide, which is due to report its third-quarter results tomorrow, told the Goldman Sachs Retail Conference last month that foreign currencies will continue to impact its profitability through the first quarter of 2016. Product costs are affecting gross margins, but they are slightly mitigated by lower commodity prices. Operating ...
