News briefs – Page 7

  • News briefs

    Sport Zone suffered a decline in comparable sales last year,...

    2018-04-12T00:00:00Z

    Sport Zone suffered a decline in comparable sales last year, as reported by the Sonae Group. This Portuguese conglomerate was previously the full owner of Sport Zone, but last year it agreed to fold this interest into the Iberian Sports Retail Group (ISRG), in which the JD Sports Fashion group ...

  • News briefs

    Netshoes, the large Brazilian-based online retailer of sporting goods, reported...

    2018-04-12T00:00:00Z

    Netshoes, the large Brazilian-based online retailer of sporting goods, reported a relatively stable net loss of 164.3 million reais (€38.9m-$48.1m) for 2017 on 9 percent higher revenues of R$1,889 million (€447.5m-$552.5m). On an adjusted basis, the net loss went up by 11 percent R$170.3 million (€40.3m-$49.8m), weighed down by a ...

  • News briefs

    Wintersteiger reports a record total turnover for 2017 of €154...

    2018-04-12T00:00:00Z

    Wintersteiger reports a record total turnover for 2017 of €154 million and intends to continue its rapid double-digit growth through both partnerships and acquisitions. The machinery and ski service specialist from Ried im Innkreis in Austria increased its annual sales by 10 percent, and its pre-tax profits rose by 30 ...

  • News briefs

    As a group, Fila Korea saw its consolidated net earnings...

    2018-04-12T00:00:00Z

    As a group, Fila Korea saw its consolidated net earnings decline by 65 percent to 108.1 billion won (€82.2m-$101.6m) last year as sales jumped by 169 percent to KRW 2,530 billion (€1.9bn-$2.4bn) because of the integration of Acushnet's results. As a stand-alone operation, Fila booked net income of KRW 34.7 billion (€26.4m-$32.6m) for ...

  • News briefs

    Giant Manufacturing posted a 33 percent drop in net income...

    2018-04-12T00:00:00Z

    Giant Manufacturing posted a 33 percent drop in net income to 82.05 billion Taiwan dollars (€2.3bn-$2.8bn) for last year because of adverse foreign exchange rates and pricing pressure from OEM clients. Total revenues declined by 3.5 percent to NT$55.2 billion (€1.5bn-$1.9bn), but they were flat in local currencies. The production also ...

  • News briefs

    Johnson Health Tech suffered a net loss of 89.7 million...

    2018-04-12T00:00:00Z

    Johnson Health Tech suffered a net loss of 89.7 million Taiwan dollars (€2.5m-$3.1m) in 2017 against a net profit of NT$19.5 million. Excluding foreign exchange and other extraordinary items, the company's net income declined by 82 percent to NY$130.6 million (€3.6m-$4.5m), as an expansion of 0.9 percentage points in the gross ...

  • News briefs

    Nike remains the world's most valuable fashion brand, according to...

    2018-04-12T00:00:00Z

    Nike remains the world's most valuable fashion brand, according to Brand Finance. H&M and Zara come next, followed by Adidas, Hermès and Louis Vuitton. While Nike's estimated brand value is down by 12 percent to $28.0 billion as compared to a year ago Adidas' brand value is up by 41 ...

  • News briefs

    The share of mind among U.S. teenagers has increased strongly...

    2018-04-12T00:00:00Z

    The share of mind among U.S. teenagers has increased strongly for shoe and apparel brands such as Adidas, Vans, Champion, Lululemon and Supreme, according to a semi-annual survey conducted by Piper Jeffray this spring among 6,000 people with an average age of 16.4 years. Nike, Converse and Under Armour lost ...

  • News briefs

    After rising by 4.4 percent in 2016, memberships in health...

    2018-04-12T00:00:00Z

    After rising by 4.4 percent in 2016, memberships in health and fitness clubs grew by 4.0 percent to 60.0 million in 2017 as compared to 2016, according to an annual report released by Europe Active and Deloitte ahead of the Fibo trade show in Cologne. Germany continued to strengthen its ...

  • News briefs

    After weak Christmas sales, which were due to high pressure...

    2018-04-12T00:00:00Z

    After weak Christmas sales, which were due to high pressure during the Black Friday promotion, the sale of sporting goods in Sweden jumped by 7 percent in January. The main reason for was the abundant snow and the cold weather throughout the country, which motivated higher than average purchases of ...

  • News briefs

    According to Virke, the Enterprise Federation of Norway, the Norwegian...

    2018-04-12T00:00:00Z

    According to Virke, the Enterprise Federation of Norway, the Norwegian sporting goods industry has grown by 41 percent in the period of 2008 to 2016, and it can expect to grow by a further 4 percent in 2018 in terms of sales to the trade. At the retail level, sales ...

  • News briefs

    The Norwegian Alpine Ski Area Association reports an average increase...

    2018-04-12T00:00:00Z

    The Norwegian Alpine Ski Area Association reports an average increase of 15 percent in the sale of tickets by ski lift operators for the whole snow sports season through Feb. 28. The season started early in November and persisted through the winter. In contrast with previous seasons, all the regions ...

  • News briefs

    Total sales of electric bicycles, e-MTBs and speed pedelecs in...

    2018-04-12T00:00:00Z

    Total sales of electric bicycles, e-MTBs and speed pedelecs in Germany, France, Italy and the Netherlands – the four main markets in Europe - increased by a combined 21 percent in 2017, according to reports in Bike Europe. France showed the biggest increase in the group, with figures up by ...

  • News briefs

    Skechers' management told investors at an investors' conference organized by...

    2018-03-28T00:00:00Z

    Skechers' management told investors at an investors' conference organized by UBS that it feels well-positioned to raise its operating margin from 10 percent to 12-13 percent after its heavy investments outside the U.S. One of the reasons is that the brand can obtain higher price points abroad, especially in Asia, ...

  • News briefs

    Wolverine Worldwide has become the target of at least 90...

    2018-03-28T00:00:00Z

    Wolverine Worldwide has become the target of at least 90 individual lawsuits alleging that its now closed tannery in Kent County, Michigan, polluted drinking water with toxic chemicals used by 3M to waterproof its leather, starting with its Hush Puppies shoes in 1958. About 20 sites are said to have ...

  • News briefs

    BasicNet reports a final net consolidated profit of €10.6 million...

    2018-03-28T00:00:00Z

    BasicNet reports a final net consolidated profit of €10.6 million for 2017, representing an increase of 3.3 percent from the previous year. As previously reported, the group's aggregated sales rose by 1.1 percent to €747.8 million. Ebitda went up by 7.3 percent to €23 million. Net debt increased to €61.5 ...

  • News briefs

    Zumiez is hoping to break even in Europe. It is...

    2018-03-28T00:00:00Z

    Zumiez is hoping to break even in Europe. It is still losing money in the region, where it ended the past financial year on Feb. 3 with 34 Blue Tomato stores and an internet shop, because of numerous investments in the last couple of years, increased costs, sales shortfalls and ...

  • News briefs

    Erima reported that it increased its sales by 3 percent...

    2018-03-28T00:00:00Z

    Erima reported that it increased its sales by 3 percent to €66 million in 2017, as compared to the previous year. In Germany, sales rose by 5 percent, while sales outside Germany, the company's domestic market, grew by 25 percent. Sales in Belgium went especially well. Erima reported an increase ...

  • News briefs

    The consumption of sporting goods products grew in France by...

    2018-03-28T00:00:00Z

    The consumption of sporting goods products grew in France by 3 percent to €11.3 billion including bicycles in 2017, according to preliminary figures compiled by the country's sporting goods industry federation, Union Sport & Cycle. In particular, sales grew by an estimated 5.7 percent in footwear and by 2.2 percent ...

  • News briefs

    Two weeks before the formal release of the Adidas Group's...

    2018-03-09T00:00:00Z

    Two weeks before the formal release of the Adidas Group's results for 2017, the company's chief executive reportedly indicated that its turnover increased in a range of 15 to 20 percent for the year to reach more than €20 billion. As reported by Reuters, Kasper Rorsted said at a conference ...