All Sporting Goods Intelligence articles in Volume 33, Issue 45+46 – Page 5
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ArticleDouble-digit sales decline at Thule Group in Q3
Thule’s net sales in the third quarter decreased by 22.8 percent to 2.14 billion Swedish kronor (€195.87m) compared to the same period in 2021. Adjusted for exchange rate fluctuations, the group’s net sales fell by as much as 29.4 percent. Operating profit amounted to SEK 193 million (€17.67m). This compares ...
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News briefsKoroyd wins against Burton in German patent violation case
After a 15-month legal dispute in a German court, Koroyd released a statement on Oct. 27 regarding its victory in the Düsseldorf district court in its patent infringement case against Burton. The first-instance ruling concludes that Burton infringed patent EP 1 694 152 in Germany by manufacturing and selling Anon ...
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ArticleMoncler’s momentum endures
Moncler, through the issuance of an interim report, said consolidated group revenues on a constant-currency basis rose 32 percent during the first nine months of 2002 to €1,556.6 million. Third-quarter group sales increased 12 percent year-over-year on a constant-currency basis to €638.3 million. Moncler brand nine-month revenues were 21 percent ...
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ArticleGarmin lifts FY EPS outlook, drops sales forecast by 3 percent
For the second consecutive quarter, Garmin has altered its fiscal year 2022 outlook. After lowering its annual revenue forecast by 9 percent to $5 billion in late July, the group is now forecasting FY revenues of $4.85 billion. On the upside, the Swiss company has adjusted its full-year EPS guidance ...
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News briefsOfficial launch of the FIFA World Cup licensed double seal
Recently, FIFA approved Beijing Huaxia Chuanshi Collection Co., Ltd. to be the licensee of the FIFA World Cup Qatar 2022™ and the FIFA Women’s World Cup Australia & New Zealand 2023™ in China, and their products of the FIFA World Cups licensed double seal were officially launched. The seal has ...
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ArticleChallenging market conditions continue to weigh on XXL ASA
XXL ASA, the operator of sporting goods across Scandinavia and Austria, continues to see historically low consumer confidence and diminished demand for sporting goods, in general, weigh on its financial results. Earlier, the group said the two trends commenced in mid-May. Now, the retailer, which recently promoted CFO Stein Eriksen ...
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News briefsRecord sales for Pádel Nuestro
Pádel Nuestro not only expects to close out the current year with record sales of about €55 million, up by 10 percent from last year but also projects a further rise to €80 to €85 million for 2023 – this according to CMDsport, which cites statements to ABC by the ...
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News briefsDakine introduces its first recyclable technical outerwear kit
Source: dakine.com W’s Sender Stretch jacket Dakine has launched the Sender Stretch 3L Series jacket and pants, a technical and durable winter outerwear kit that can be recycled. The Sender, available for men and women, is “thoughtfully built with durability and longevity in mind, withstanding multiple 100-day ...
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ArticlePolygiene sales fall as distributors cut order levels
The Swedish Polygiene Group reported lower third-quarter sales and profits as distributors tightened order and inventory levels. The company said net sales fell 21.7 percent to 41 million Swedish kronor (€3.75m) in the three months to Sept. 30, mainly attributed to reduced sales at the distributor level. Operating profit fell ...
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ArticleSkechers escorts West out of L.A. corporate building
Slowly but surely, Kanye West should realize that he is no longer welcome due to the antisemitic, racist and hateful remarks he made recently across multiple forums. After the recent contract cancellations with Adidas, Balenciaga, CAA, MRC and Gap, Skechers USA now released a statement in which it reports that ...
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ArticleWhich countries show the most interest in the FIFA World Cup - and how does it compare to the Olympics?
Four out of nine consumers are interested in the FIFA World Cup. How does that compare to the Summer Olympics and who are the fans? YouGov Global Fan Profiles have now revealed that 45 percent of consumers in 50 markets either have “some interest” in the FIFA World Cup or ...
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