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  • US snow sports market slows but reaches $3 billion in February

    first_imgAT/Randonee equipment sales have doubled compared to last season in units and in dollars to more than $16 million in sales in snow sports channels and up more than 50% in outdoor specialty shops this season to $10 million in that sales channel.  Snowshoe sales are up 21% in units and up 20% in dollars sold through February this season.  Reverse camber snowboard sales were up 42% in units and 46% in dollars sold.  In fact, 45% of all current season model boards sold so far this season have reverse camber. The snow sports market surpassed the $3 billion mark for the 2010/2011 season but sales slowed significantly in February.  Season to date, snow sports sales are up 13% in dollars sold and up 8% in units sold. Total sales last season never reached the $3 billion dollar mark, in fact, by the end of March 2010 all snow sports sales reached just $2.94 billion.  However, comparing February 2011 to February 2011, units sold were down 2% and dollar sales were down 1.5%.  Despite slowing sales, margins showed continued strength, up 8% compared to February 2010 and total sales for the 2010/2011 season sales (August to March) should surpass the $3.1 billion record set in the 2007/2008 season.Equipment sales fell off significantly in February as scarcity made it difficult for late season consumers to find preferred products. All equipment inventory units were down 17% season to date.  Overall, equipment sales were down 20% February 2010 to February 2011 but remained up 16% in dollars sold and up 5% in units sold across the entire season.  Alpine equipment sales slowed in February, down 2% in dollars sold and down 9% in units sold, compared to February 2010.  Snowboard equipment sales were up 6% in dollars sold season to date, but down 25% when comparing February 2010 to February 2011.  The only equipment category that showed a gain when comparing February 2011 to February 2010 is AT/Randonee equipment, that was up 95% in units and 101% in dollars sold.  Despite a slow February, all equipment sales remain very healthy across the 2010/2011 season.‘I wanted to buy some new skis this February for a trip I’m taking to Colorado in March but I guess I waited too long because I can’t find the skis I’m looking for anywhere,’ Dr. L. Higdon, Yorktown, VA ‘ SIA Consumer Panel Member.Apparel sales were slightly stronger in February 2011 compared to February 2010 as La Niña conditions persisted and the northerly storm track continued to bring snow to North America’s mountain regions.  All apparel sales increased 1% in units and 2% in dollars sold compared to February 2011.  Season to date, apparel sales are up 11% in dollars and up 7% in units sold.  Accessories sales are following a pattern similar to apparel with strong season to date sales and flat sales in February.  Apparel sales were up 13% in dollars sold season to date but up only 2% in dollars when comparing the month of February 2011 with February 2010.Overall, the snow sports market is enjoying excellent sales this season and despite a slow February, is on track to set a new sales record this season. 2010/2011 Season TrendsAlpine skis (flat skis sold without bindings) in the 80mm-110mm waist width category were up 69% in dollars sold on more than 64,000 units compared to 38,000 units through February last season. Source:  SIA RetailTRAKâ ¢ BY Leisure Trends Group.  Topline data includes carryover sales.Source:  SIA RetailTRAKâ ¢ BY Leisure Trends Group.  Topline data includes carryover sales.center_img Reverse/Mixed camber ski sales were up 142% in units and 136% in dollars sold so far this season.  More than 46,900 pairs of reverse camber/mixed camber skis have so far this season representing 10% of all alpine skis sold (flat and systems). Alpine apparel is selling well this season; up 13% in dollars sold to $107 million.  The La Niña generated snow and cold across the northern half of the U.S. have spurred apparel sales all season. Weather plays the most critical role in snow sports sales and a look at sales by region clearly illustrates this phenomenon.  Regionally, heavy snow and colder than average temperatures continued to drive consumers to buy in the western region where sales were up 24% in equipment dollars sold, 15% in apparel and 18% in accessories sales.  The Northeast also enjoyed sales increasing including 16% more in equipment dollars, 20% more in apparel and 20% in accessories dollars sold season to date.  In the South, snow sports participants who were headed for more mountainous terrain continued their equipment buying spree increasing sales up 19% through February this season.  But warmer weather in the southern U.S. did not drive apparel and accessories sales. Southern apparel sales were relatively flat with a 3% gain in dollars sold and accessories are up just 1% over last season.  The Midwestern region’s sales continued to grow this season; up 15% in equipment, 5% in apparel and up 13% in accessories dollars sold.  Unit sales are up 9% overall in the Midwestern states. The market data presented in this report comes from the SIA RetailTRAKâ ¢ produced for SIA by the Leisure Trends Group.  RetailTRAKâ ¢ data is gathered directly from a representative panel of more than 1,500 snow sports retailers who provide sales data directly to the Leisure Trends Group from their Point of Sale systems.  The RetailTRAKâ ¢ panel and the method for extrapolating the results out to the entire industry is based on a triennial census of snow sports retailers designed to accurately define the size and structure of the snow sports retail marketplace.  SIA maintains these data for members down to the product level.  For more information about SIA’s RetailTRAKâ ¢ information please contact Kelly Davis, SIA’s Director of Research at [email protected](link sends e-mail). – SIA -SnowSports Industries America (SIA) is the national not-for-profit, North American member-owned, trade association representing the snow sports industry. Established in 1954, SIA annually produces the SIA Snow Show, the largest snow sports industry trade show, on-snow demo and networking environment globally, while delivering invaluable data/research reports including the Snow Sports Market Intelligence Report, the SIA Retail Audit and Executive Market Summary. SIA also develops marketing products, programs and services such as logistics and Government affairs that help our Members operate more efficiently and increase participation in snow sports. For more information, check out snowsports.org. SnowSports Industries America, 8377-B Greensboro Drive, McLean, VA 22102-3587. Phone: 703.556.9020, Fax: 703.821.8276, Email: [email protected](link sends e-mail).- LTG – Leisure Trends Group – LTG is the leading provider of consumer research, retail market intelligence (retail sales tracking) and integrated CRM/Direct Marketing services for the sports, recreation, hospitality, travel and entertainment industries. Suppliers, retailers, associations, resorts and financial analysts rely on Leisure Trends Group for actionable consumer insights, accurate retail sales data that includes margins and inventory, and innovative targeted marketing solutions. Leisure Trends Group is headquartered in Boulder, Colorado. For more information, contact Julia Day, 303-786-7900 x107/ [email protected](link sends e-mail) or visit www.leisuretrends.com(link is external).   MCLEAN, Va. (April 5, 2011) –last_img read more

  • Keeping your credit union members safe from coronavirus scammers

    first_img continue reading » A common technique among internet and email scammers is to take advantage of public concerns and fears. Today, that means that scammers are capitalizing on the fear surrounding the emergence of the coronavirus (COVID-19) – from health and safety concerns to apprehension around financial market impacts. During this critical time, a proactive focus on the safety and security of our credit union members is more important than ever. Below are helpful tips that can be shared with your members to safeguard against coronavirus-related fraud.Beware of Bogus Products and InvestmentsAs scammers prey on coronavirus fears, we’re witnessing an uptick in the sale of bogus products like masks, immune system boosters and sanitizers. If you aren’t able to find a hand sanitizer at your local store, it doesn’t make sense that a random source on the internet would have an unlimited supply for sale. When an offer sounds “too good to be true,” verifying product credibility through research is key.Also, be wary of “investment opportunities” related to the coronavirus. The U.S. Securities and Exchange Commission (SEC) is warning people about online promotions, including through social media, claiming that the products or services of publicly-traded companies can prevent, detect or cure coronavirus. Don’t get caught in a stock scam; always seek professional advice. 60SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

  • Russia probes FT, NYT after virus death toll reports

    first_imgTopics : Russia on Thursday launched a probe into the Financial Times and the New York Times after the newspapers said local authorities could be vastly under-reporting deaths from the coronavirus in the country.State communications watchdog Roskomnadzor said it was studying the reports to establish whether they violated the country’s law against disinformation. Contacted by AFP, the watchdog did not say whether it planned to punish the media outlets. Foreign ministry spokeswoman Maria Zakharova demanded that the FT and the NYT retract the “disinformation”, adding that formal letters had been sent to the newspapers’ editors-in-chief.”We see — and there is more and more evidence — that unfortunately certain forces in the West are seeking to use the current crisis in the world to discredit government efforts in a number of states, to destabilize the situation,” Zakharova told reporters.She said the FT and NYT stories were suspiciously similar and published the same day.Formal complaints will be also sent to the OSCE Representative on Freedom of the Media; Audrey Azoulay, UNESCO Director-General and the UN secretariat, Zakharova said.center_img There was no immediate comment from the FT, while the NYT said it stood by its report. “We’re confident in the accuracy of our story, which is based on publicly available government records and interviews with experts from government-run institutions. No facts in our story are in dispute,” The New York Times Vice President for Communications Danielle Rhoades Ha said in a statement.Russia has the world’s second-highest number of coronavirus cases but has registered 10 times fewer deaths than Britain, France, Italy and Spain.As of Thursday the country had 252,245 confirmed coronavirus infections and 2,305 deaths.Critics accuse Russia of under-counting the number of deaths to downplay the scale of the crisis. They say it is hard to believe that the country’s under-funded healthcare system is managing better than those in the United States and western Europe.Authorities have denied falsifying the numbers, saying they are only counting deaths caused directly by the coronavirus and that since the pandemic came later to Russia, it was able to learn lessons from the experiences of western Europe.last_img read more

  • Iloilo prov’l gov’t allots P1M for Dinagyang 2020

    first_img* Tribu Dagatnon of Ramon AvanceñaMemorial NHS On Monday, Nov. 25, IFFI discussedwith Defensor the Dinagyang preparations. From the previous five, the 2020Dinagyang would have four performance areas. These are the Iloilo City FreedomGrandstand on Muelle Loney Street; Iznart-Solis street; Ledesma-Valeria street;and Maria Clara Street. Defensor said the provincialgovernment’s Dinagyang visitors would be entertained in this area. * Tribu Salognon of Jaro NHS * Tribu Paghidaet of La Paz NHS The provincial government used tomanage the Dinagyang viewing stand in front of the old provincial capitol (CasaReal) but for the 2020 edition of the festival, the city government and IFFIdecided to move it closer to the downtown area (Iznart-Solis streetsintersection). * Tribu Barriohanon of Bo. Obrero NHS ILOILO – The provincial government isshelling out a P1-million financial aid to the Iloilo City government for theJanuary 2020 staging of the Dinagyang Festival.center_img * Tribu Panayanon of Iloilo CityNational High School (NHS) “In years past the aid used to beP500,0000. We doubled it for 2020,” said Gov. Arthur Defensor Jr. He also disclosed that the Iloilo Citygovernment and Iloilo Festivals Foundation, Inc. (IFFI) are letting theprovincial government manage the viewing stand at the Dinagyang judging areaNo. 2 on Iznart-Solis streets. * Tribu Ilonganon of Jalandoni NHS * Tribu Binhi of Melchor L. Nava NHS Eight Dinagyang tribes have so farconfirmed their participation. The contest is on Jan. 26, 2020.  They are: * Tribu Hugponganon of Tiu Cho Teg-AnaRos Foundation Integrated School./PNlast_img read more

  • Aubameyang sets ambitious 20-goal target after 5 goals in 5 games

    first_imgPierre-Emerick Aubameyang has five goals from five goals this season.And suddenly, he sees a target of 20 this season as very realistic.The Gabonese forward has been key to Borussia Dortmund’s quest to unseat Bayern Munich as champions of Germany so far, with the team having a perfect unbeaten record.”We have started the season well, although everybody knows that Bayern are favourites, as I said, and I am probably the only one thinking this and others don’t,” Aubameyang says.The 26-year-old has grown in stature as, after five weeks of Bundesliga football, Dortmund are top of the league. The latest was a win against Bayer Leverkusen on Sunday.”I don’t think that Bayern will win the league this season. At least, this is what I think.” The Bavarians have also won all five of their opening games, but are behind Dortmund on goal difference.Aubameyang leads BVB’s attack in the setup of new coach Thomas Tuchel. In fact, the former Saint-Etienne and AC Milan striker apparently has a bet with his boss.”I want to score 20 goals in the Bundesliga this season,” Aubameyang reveals.”That’s a target I want to achieve. I have a bet with the coach so I will give it my all in order to achieve this goal because I want to improve.”It’s not really a bet but at the end of the season I will show you something. I will have something to show but only at the end of the season. “(Tuchel) has managed to make me feel at ease from day one. He gives me the confidence I need. He talks to me a lot. We speak in English but it’s good for me to talk with him.”We have many exchanges and we work a lot on this, on the videos and we do all this kind of things.”Dortmund and Bayern will clash in their first game of the season on October 4 at the home of the champions.–Catch the Bundesliga 2014/15 games live on SuperSport throughout the season. –Follow Gary on Twitter: @garyalsmith. Get more updates on Facebook/Twitter with the #JoySports hashtaglast_img read more

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