NEW YORK, November 1, 2016 /PRNewswire/ --
http://www.Financialbuzz.com - The global sports merchandise
sector is penetrating global emerging markets. This industry has
driven innovations in sports apparel, sports accessories, and other
product selections. According to a recent study by Transparency
Market Research, the global sports merchandise market, which valued
at US$27.63 billion in 2015,
will reach US$48.17 billion by 2024, expanding at a CAGR of
6.4% from 2016 to 2024. NABUfit Global Inc. (OTC: NBFT), Nike Inc.
(NYSE: NKE), Under Armour Inc. (NYSE: UA), Skechers USA Inc. (NYSE: SKX), VF Corp (NYSE: VFC)
This sector and market has been strongly influenced by a
constant improvement in global economic conditions in some regions.
Emerging markets such as India and
China have now an entire new
generation of sports lovers, and at this time are not only able to
afford sports merchandise from big brands, but sometimes spend
extravagantly on it. This is a growing consumer base and market
potential for global sports merchandise has aided recent
studies.
NABUfit Global Inc. (OTCQB: NBFT) is a designer,
manufacturer and marketer of NABUfit virtual training and fitness
products and services. The company's online fitness portal enhances
workout by providing expert advice from professional
trainers, health experts and international sports stars. The
portal allows interaction and input through Microsoft Kinect,
personal data collection, as well as coaching and teaching services
with ab individually designed training plans and diet. On
September 26th the company
provided an update to investors, revealing that the company's app
exceeded 100,000 user downloads since its launch just two
months.
NABUfit Global Inc. just announced the company is filming Neymar
Jr. in Barcelona, Spain this week
as NABUFIT builds out new workout and diet programs with Neymar Jr.
for the NABUFIT App. CNN will be interviewing Neymar Jr. during the
filming process. The CNN interview will be aired and broadcasted
worldwide and with re-runs available on their digital platform.
CNN is creating a program about Neymar Jr. focusing on the
reason he became a global ambassador for NABUFIT in addition to
topics related to his overall career. CNN will also be featuring
Neymar Jr. during the exercise routines. Neymar Jr. will be filmed
in studios in Barcelona on
November 3rd and will be available on
the App with free and payable content in early December. As a
NABUFIT ambassador, Neymar Jr. produces regular work out videos in
addition to posting and sharing news and content twice a month
through his social media channels.
"The new workouts by Neymar Jr. will be available to NABUFIT
users in December and we are very excited to have CNN interview our
global brand ambassador, Neymar Jr., as we film new exercise and
diet routines for our App," says Brian Palm Svaneeng Mertz, CEO of
NABUFIT. Clearly, this recognition by a global sports star will
help continue to attract attention to our physical fitness and
personal health and wellness App and should help us continue to
grow our user base. As we continue to grow the number of downloads
and users, providing new and exciting content from our ambassadors
is key to our overall growth strategy."
On September 27th
Nike Inc. (NYSE: NKE) reported fiscal 2017
financial results for its first quarter ended August 31,
2016. The company benefited greatly from a continues growing
demand in international markets. T Revenues for the NIKE Brand were
$8.5 billion, up 10 percent on a
currency-neutral basis driven by double-digit growth in
Greater China, Western Europe, Emerging Markets, Central
& Eastern Europe and
Japan, including strong growth in
Sportswear, Running and the Jordan Brand.
Recent quarterly earnings showed a somewhat disappointing
overall performance for both Under Armour Inc. (NYSE:
UA) and Skechers USA
Inc. (NYSE: SKX), and yet one metric stood out - global
growth. According to Under Armour's financials international net
revenues, which represented 15% of total net revenues for the third
quarter, grew 74% year-over-year, or 80% on a currency neutral
basis. As for Skechers, the increase in quarterly sales was
primarily the result of 18.3 percent growth in the international
wholesale business, which now comprises 40.1 percent of total
sales. David Weinberg, chief
operating officer and chief financial officer of Skechers,
indicated "that our international business represents the greatest
growth opportunity with many countries continuing to show strong
growth in the quarter, including China at just over 50 percent in net
sales."
VF Corp (NYSE: VFC) is also engaged in the design,
manufacturing, marketing and distribution of branded lifestyle
apparel, footwear and related products, including for outdoor &
action sports. In the recent financials the company showed that
international revenue in the third quarter was up 5 percent total.
Looking at the different divisions, revenue in Europe was up 7 percent, and up 2 percent in
the Asia-Pacific region. The
international business segment represented 41 percent of total
third quarter sales, compared with 38 percent in last year's same
period.
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