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p76 :: Industry Company results SA results show trading is tough THE FINANCIAL results for the first half of the 2013/14 financial year reported by the listed sport and outdoor retail chains reflect what most people in the industry have been saying: it’s been a tough year. While all the stores reported sales growth — TFG Sport (The Foschini Group) and Mr Price Sport as high as 16% — the growth has been much lower than the previous few years. • Holdport group retail sales grew 4.9% to R600-m in the first six months of the financial year. The like-for-like growth across their 54 stores was 2.5% with a trading density (R’000s/m 2 ) of 18.4. The performance of the individual chains in the group was as follows: • Sportsmans Warehouse: sales grew 5.9% to R458.1-m. Like-for-like growth 3.4%. Number of stores 35. Trading density 18.1. • Outdoor Warehouse: sales grew 1.8% to R141.9-m. Like-for-like growth — 1.4%. Number of stores 19. Trading density 19.4. • The Performance Brands wholesale division (the First Ascent and Capestorm brands) grew sales 6.1% to R30.9-m. • Mr Price Sport grew sales 15.7% to R431-m, with like-for-like growth -7.3%. They now operate 56 stores with a trading density of 19.1, which is a growth of 17.2%. • The Foschini Group (TFG) Sport grew their division’s sales 15.8% to R1 348.4-m in the first half of the year. They have 454 stores in the group. • Woolworths reports 16% increase in income and a 21.1% boost in profit before tax. for the 26 week period ended 29 December 2013, mainly due to their food business and the Country Road Group in Australia. The group’s Witchery, Mimco, country Road and Trenery —from the Country Road label— performed well in South Africa and Australia. Country Road now contributes 20% of profits. Mixed results for big brands SEVERAL INTERNATIONAL brands reported double-digit growth for the year ended 31 December 2013. Inov-8 sales grew by a record 42% to $29-m last year. The US — making up 45% of business — experienced a 25% increase, the UK 41%, Scandanavia 70%, Russia 85% and Germany 39%. Inov-8, now 11 years old, has maintained an average of 60% growth (annually) for the last five years. 77% of its sales are outside of the UK and the company has been shortlisted for the 2014 Queen’s Award for Enterprise in International Trade. Year-end sales for the Shimano Group increased 10.2% to $2.89-bn from 2012, due to favourable exchange rates. Growing demand for sports bikes in China balanced the negative sales results for bicycling and fishing gear in Europe, North America and Japan due to a cold and wet spring. Their sales increase in North America (12.8% to $342-m), Japan (6.7%), Europe (10.3%) and in the rest of the Asia’s (11.5%). The company’s gross profit was 35.6% and dropped 70 basis points from the previous year. Mizuno Corp also enjoyed a total income increase of $1.31-bn. The company ended their nine month period on December 31 with 9.3% growth compared to the previous financial year. The operating profit grew 52% to $35.5-m. European sales experienced a fair share of growth, climbing by 42.1% to $98.8-m. Skechers USA have tripled their earnings to $14.2-m in the fourth quarter — the second highest fourth qaurter sales in their history. Income grew 13.9% to $450.7-m, compared to the same quarter last year. The growth can be attributed to product success in their men’s, women and kids’ categories. Sports Trader :: 2014 March The company’s operational earnings more than doubled to $17.1-m and their net earnings were $14.2-m compared to the previous year’s $4.0-m. Net sales grew to $1.846-bn while earnings from operations also increased to $93.6-m. Profits of Jarden Corp’s Outdoor Solutions segment, however, dropped 21.1% to $617.9- m in the fourth quarter ended 31 December 2013. The segment’s earnings were $48.7-m compared to $61.7-m the previous year. They had an operating loss was $1.9-m. The company spent $10.3-m in reorganisation costs and $25.1-m in acquisition and integration related costs while depreciation and amortization costs dropped $2-m to $15.2-m. In the first six months of the financial year Asics group revenues grew 21.4% to $1.56-bn . European sales increased 29% to $404.3- m (7.3% on a currency-neutral basis) due to strong running shoe sales and the foreign exchange rates. The region’s operating income grew 18.9% to $44.6-m, but decreased 2.3% on a currency-neutral basis. This drop indicates the effect exchange rates have on purchasing costs, increases in selling, administrative expenses, etc. Sales in the Americas grew 33.2% to $468.2- m (12% on a currency-neutral basis), but in Japan sales dropped by 1.5% to $454-m. Strong sales of walking shoes, Onitsuka Tiger shoes, running shoes and baseball equipment significantly contributed to the 3.9% (to $457.0-m) increase in US sales. Head sales dropped by 1.0% in the first nine months of 2013, but the racket sports division grew 0.4%, due to higher volumes of tennis ball sales (mainly in North America) and an improved mix in tennis racket sales. Diving sales also increased — despite cold weather conditions and economic difficulties in the European market — with noticeable growth in North America and Asia. Winter sports sales, however, dropped 5.1%, while sportswear sales also dropped 1.5%, partially caused by lower bag sales in the UK. The company’s adjusted operating loss grew by €0.3-m as a result of higher selling (racket and sportswear divisions) and marketing costs for more advertising of racket sports and diving. In the first nine months of 2013 adidas Group sales dropped by 4% to €11-bn, compared to the same period in 2012. The group expects lowsingle-digit rate (on a currency neutral basis) growth in sales in the fourth quarter. For the third quarter, they reported stable currency-neutral sales, with a 6% drop in Western Europe and 5% drop North America, balanced by strong sales in Latin America (12% up) and Greater China (9% up). The European Emerging Markets reported a 2% sales increase (on a currency neutral basis) with growth in most regions. The group reported a 7% drop in revenues to €3.9-bn, compared to the third quarter in 2012. Western European sales were lower than last year as a result of the high sell-in of event-related products before the 2012 London Olympics. The drop in North American sales is attributed to the challenging golf market experienced by TaylorMade-adidas Golf due to a late seasonal start and fewer rounds played by golfers. On a currency-neutral basis, the adidas brand sales remained stable, but Reebok experienced a 5% increase in the third quarter. The Taylor- Made-adidas Gold segment dropped 16% and Rockport revenues dropped 4%. Sales were negatively affected by currency translation.
Trade shows :: IBC Trade shows SAFTAD registrations open REGISTRATIONS TO exhibit at this year’s SAFTAD are open. Bookings have to close by 4 July, because all documents and floor plans have to be submitted to the City of Johannesburg to get approval for the show to take place. The show will take place 16-17 August at 2 Vinton Road, Ormonde, Johannesburg. Shot Show MORE THAN 67 000 visitors attended the 2014 Shot Show, which took place 14-17 January. The National Shooting Sports Foundation has signed an agreement that the SHOT Show — the fifth largest trade show in Las Vegas and the largest of its kind in the world — will take place at the Sands Expo, Las Vegas, until 2018. Eurobike THIS YEAR’S Demo Day at Eurobike will be moved from the Allgäu region to the show grounds. The test day for visitors will take place the day before the show opens (26 August) in the east parking area. Eurobike takes place 27- 30 August. The test area routes will cover a total of 20km, spanning across asphalt road, unpaved paths and even an elevated outlook point. Organisers expect more than 1 200 exhibitors and 40 000 visitors at this year’s Eurobike. The 2015 Eurobike will take place 26-29 August. Ispo news THE TECHNOGYM Google Glass controlled treadmill was the winner of the ISPO Product of the Year award in the Performance Segment at the 2014 Ispo Munich trade show. The Oru Kayak, a 3.6-m long kayak that weighs 11kg and folds into a bag that is small enough to fit into any car boot, was the Outdoor category winner. Houdini Sportswear received the Ispo Eco-Achievement award. Ispo Beijing Ispo Beijing, which took place 19-22 February at the China National Convention Center, featured more than 600 exhibiting brands (2013: 567) from 23 countries of origin, covering an exhibition area of 42 000m 2 . The largest category was the outdoor section. Ispo China summer Messe München will be hosting the first summer Ispo trade show in China in 2015. At the time of going to print the exact date and venue were still to be announced. OutDoor show THE OUTDOOR show will have more weekdays, starting with next year’s show. The 2015 show will take place Wednesday-Saturday (15-18 July). While visitor numbers have been steadily increasing over the years, the increase has typically been during the week days, which led to the organisers deciding to move the show forward by a day to allow for more week day exhibiting. Ispo Munich The 2014 Ispo Munich trade show, which took place 26-29 January, featured 2 565 exhibitors from 51 countries in a record 104 720m 2 of exhibition space. More than 80 000 visitors from 110 countries attended the show. A special hall was dedicated to health and fitness exhibitors. The area allowed visitors to test footwear, game consoles and products related to occupational health management from a variety of new exhibitors. Over the past two years health and fitness has received special attention at Ispo with a special exhibition area and international conferences. A multi-faceted side event programme with renowned presenters who discussed the latest health topics was also held during the show. The show also featured the new Padel Tennis (a Latin American sport derived from tennis) Village where apparel, equipment and accessories were exhibited. This year the European Outdoor Organisers are also considering opening the show to the public on the last day in the future. The public day works well at Eurobike, which led the organisers of Out- Door to consider the idea. This year’s show will still have the usual Thursday-Sunday dates (10-13 July). Over 620 exhibitors from 45 countries have already registered to exhibit at the 2014 OutDoor. Group (EOG) partnered with Ispo to launch a new initiative to attract approximately 70 new retailers to Ispo Munich, by offering VIP access free of charge and subsidising retailer accommodation. EOG members, which include the top 100 outdoor product suppliers, were asked to nominate retailers. To qualify, retailers must have traded successfully for over year, with at least 40% of their profit coming from outdoor sales and they should not have visited Ispo Munich in the past, or at least not in the last three years. Ispo Open Innovation is a new service at the show that allows companies to integrate experts and consumers into the innovation process by testing products and giving feedback on products. Next year’s Ispo Munich will take place 5-8 February. The change in week days is due to an extremely busy calendar of events taking place at the Messe München exhibition centre next year. Euroshop EUROSHOP 2014 — which took place 16-20 February in Düsseldorf, Germany — had four themes covering aspects of retailing: EuroConcept, EuroSales, EuroCIS and EuroExpo. The retail trade show is held every three years. Exhibits included the latest trends and developments in various aspects of retailing, such as shop fitting, product presentation, retail technology, etc. Advertisers index Acelli 49 adidas 55 Aero 68 Anton Fabi 1 Asics 39 BAS 59 Bertuzzi Distribution 5, OBC Bronx 13 BRT 49 Brutal 49 Canterbury 50 Co-Lab Industries 11, 15 Crown Footwear 3, 27 Dukes 69 Footwear Trading 7 Fruit of the Loom 5 Gilbert 51 Gunn & Moore 62, 63 Headwear 24 15 Hi-Tec 10 Inov-8 37 Jordan 17 Jordan & Co 1, 13, 17, 39, 48 JR Gear 75 JRT Crampton 67 Kakiebos 3 Kappa 46 Kevro Sport 49 Kookaburra 67 Leisure Holdings 51 Levi's 7 Lite Optec 42 LP 16 Mille 47 Mizuno 38 NcStar 72 New Balance OFC, 35 New Era 9 OBO 68 Olympic 48 Opal Sports 56, 62, 63, 69 Polly 11 R&S Traders 72 Ram Mountaineering 76 Rebel Elite Fitness 37 Reebok 9 Rocky 27 Russell Athletic OBC SASFIN 19 Sedgars 59 Sevenn 49 Skye Distribution 47 Slazenger 65 Summit 56 Super-Brands 38, 50, 65 Touch of Magic 54 True Utility 41 Umbro 53 W.E.T. Sports 16, 52 2014 March :: Sports Trader
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Page 43 and 44: CLEVER THINGS FOR KEY RINGS KeyTool
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