News briefs – Page 9
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News briefs
Crocs told investors at a recent conference that it performed...
Crocs told investors at a recent conference that it performed better than expected in the fourth quarter of 2017, thanks to a strong holiday season in the U.S. Sales reached a level of between $180 million and $190 million, with a gross margin of around 45 percent. However, the company ...
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News briefs
Xebio reports a 51.6 percent increase in net income to...
Xebio reports a 51.6 percent increase in net income to 3,724 million yen (€28.2m-$33.2m) for the first half ended Sept. 30. While the total floor space remained flat at 193,098 square meters, the Japanese sporting goods retailer's sales were up by 3.4 percent to ¥116.8 billion (€884.6m-$1,042.3m) during the period, with an ...
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News briefs
Suffering in particular from the increasingly popular bike sharing programs...
Suffering in particular from the increasingly popular bike sharing programs in China, Giant Bicycle reported a one percent drop in revenues to 14.9 billion Taiwan dollars (€420.1m-$495.3m) in the third quarter ended Sept. 30. The company performed better in Europe and the U.S., thanks to new models introduced in July. The ...
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News briefs
Technogym has reported a sales increase of 7.5 percent to...
Technogym has reported a sales increase of 7.5 percent to €413.8 million for the first nine months of this year, with growth of 8.1 percent in local currencies. The strongest growth occurred in the wholesale channel, up by 9.1 percent to €88.8 million. Both Italy and the rest of Europe, ...
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News briefs
Le Coq Sportif is well on its way to deliver...
Le Coq Sportif is well on its way to deliver a double-digit rate increase in sales for the second half and the company is anticipating operating profit for both the second half and the full year. Airesis, the Swiss holding company that owns the majority of Le Coq Sportif's shares, ...
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News briefs
Björn Borg has announced higher sales and operating profit for...
Björn Borg has announced higher sales and operating profit for the quarter ended on Sept. 30. The positive performance was driven by increasing marketing efforts. Lady Gaga also drove interest to the brand when she posted a photo of herself on Instagram wearing Björn Borg pieces during a yoga session. ...
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News briefs
Lenzing has reported a revenue increase of 9.4 percent to...
Lenzing has reported a revenue increase of 9.4 percent to €1.7 billion for the first nine months of 2017, mainly driven by higher prices for its fibers. During the third quarter, the company launched Tencel Luxe, a premium fiber, and opened an innovation center in Hong Kong. Lenzing is building ...
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News briefs
Descente's net income declined by 8.9 percent to 2,440 million...
Descente's net income declined by 8.9 percent to 2,440 million yen (€18.5m-$21.5m) in the second quarter ended Sept. 30, while its total sales went up by 5.4 percent to ¥65.9 billion (€499.0m-$581.6m), with increases of 7 percent in the athletic category and 4 percent in golf, partly offset by a drop ...
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News briefs
Goldwin moved to a comprehensive net profit of 1,681 million...
Goldwin moved to a comprehensive net profit of 1,681 million yen (€12.7m-$14.8m) in the first half ended Sept. 30 from a loss of ¥1,126 million. Excluding extraordinary items, the earnings doubled to ¥1,065 million (€8.1m-$9.4m) as the gross margin rose by 2.3 percentage points to 47.7 percent thanks to a higher proportion ...
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News briefs
A positive swing of one billion yen (€7.6m-$8.8m) in foreign exchange...
A positive swing of one billion yen (€7.6m-$8.8m) in foreign exchange translations helped Yonex to triple its net profit to ¥1,338.8 million yen (€10.1m-$11.8m) in the first half to Sept. 30, despite a contraction in the gross margin of three percentage points to 41.8 percent due to changes in the product mix ...
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News briefs
A foreign exchange gain of almost two billion yen (€15.1m-$17.6m) allowed...
A foreign exchange gain of almost two billion yen (€15.1m-$17.6m) allowed Globeride to post net income of ¥2,398 million (€18.2m-$21.2m) in the first half ended Sept. 30, compared with ¥745 million in the year-ago period. Revenues advanced by 6.3 percent to ¥44.9 billion (€339.9m-$396.2m), but the gross margin declined by 1.4 percentage ...
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News briefs
Warm weather conditions, combined with a governmental decision to subsidize...
Warm weather conditions, combined with a governmental decision to subsidize purchases of electric bicycles, resulted in an 11.4 percent increase in retail sales of sporting goods in Sweden during the month of September. The warm weather was good for segments like running and cycling, while sales of sneakers continued to ...
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News briefs
The number of golf rounds in the U.K., which had...
The number of golf rounds in the U.K., which had registered a positive trend in the first half of the year, declined in the third quarter when compared with the third quarter of 2016. According to the figures released by Sports Marketing Surveys (SMS), the decline was of 4 percent ...
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News briefs
Thule Group reports an increase in net income to 185...
Thule Group reports an increase in net income to 185 million Swedish kronor (€19.0m-$22.1m) for the third quarter, up from SEK 156 million in the year-ago period. Sales grew by 6.9 percent to SEK 1,385 million (€142.2m-$165.4m), rising by 8.5 percent on a constant-currency basis. The underlying operating margin increased ...
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News briefs
The growth trajectory of Yue Yuen has resumed in 2017...
The growth trajectory of Yue Yuen has resumed in 2017 with sales in the nine months to September having risen by 6.7 percent, compared with the increase of only 0.3 percent recorded in the first nine months of 2016. Yue Yuen, a subsidiary of the Pou Chen Group from Taiwan, ...
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News briefs
There is new evidence that the pace of growth is...
There is new evidence that the pace of growth is accelerating in China. The country's Gross Domestic Product (GDP) grew by 6.8 percent in the third quarter and was up by 6.9 percent for the first nine months of this year. That's well above the 6.5 percent growth target set ...
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News briefs
Sports Marketing Surveys (SMS) has signed an exclusive contract with...
Sports Marketing Surveys (SMS) has signed an exclusive contract with MMRI for their new intelligence platform, Klood Radar. The partnership will result in a new platform called Sports Radar. Klood Radar, MMRI's proprietary digital search technology, has the ability to automatically collect data on a particular topic, product or brand ...
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News briefs
The national voluntary groups affiliated with Intersport International Corp. achieved...
The national voluntary groups affiliated with Intersport International Corp. achieved a currency-neutral increase of 2.2 percent in their retail sales during the first half of 2017, excluding The Athlete's Foot. After a tough first quarter, when their sales inched up by about one percent, the second quarter brought an encouraging ...
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News briefs
The Cisalfa Sport group booked a sharp improvement in Ebitda...
The Cisalfa Sport group booked a sharp improvement in Ebitda to nearly €33 million for the financial year ended last February from €27 million the year before, in spite of only a small increase in consolidated revenues to €429 million from €420 million. It ended up with a net profit ...
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News briefs
Himaraya swung to a net profit of 535 million yen...
Himaraya swung to a net profit of 535 million yen (€4.0m-$4.8m) in the fiscal year ended last Aug. 31 from a net loss of 811 million, despite a contraction of one percentage point to 35.1 percent in the gross margin due to inventory closeouts. The Japanese retailer's total sales rose ...
