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  • Canada Goose
    Article

    Canada Goose revenues rise 24 percent in seasonally small quarter

    2022-08-12T15:14:00Z

    Canada Goose, confirming it has not seen any signs of slowing demand for its products, reported 24.2 percent revenue growth to 69.9 million Canadian dollars (€51.4m) from C$56.3 million in its first quarter. The Q1 operating loss widened by nearly 31 percent to C$80.7 million (€59.4m) from C$61.8 million, but ...

  • HanesBrands_Stacked
    Article

    Hanesbrands remains committed to Champion despite difficult quarter

    2022-08-12T07:52:00Z

    Despite a challenging second quarter for the business, Hanesbrands continues to make global investments and possesses high aspirations for Champion activewear. Facing a difficult comparison, Champion, a significant part of the group’s activewear segment, posted a 25 percent sales decline. Overall, the group’s activewear segment suffered a 44 percent decline ...

  • Yue Yuen
    Article

    Yue Yuen H1 profits dragged down by Pou Sheng

    2022-08-12T07:44:00Z

    Yue Yuen reported a 2.8 percent increase in first-half net income of $175.0 million versus $170.3 million for the six months ended June 30. Six-month revenues fell by 2.0 percent to $4,709,792,000 from $4,807,087,000, however, manufacturing segment sales were up by 14.4 percent to $3.19 billion. Ebit declined 17.7 percent ...

  • Asics_Logo.svg
    Article

    Asics Corp. H1 sales bolstered by running, hikes FY outlook

    2022-08-12T06:45:00Z

    Asics Corp. reported a 9.8 percent increase in first half attributable net income to 13,562 million yen (€97.6m) from ¥12,350 million, fueled by a 13.5 percent gain in performance running shoe sales to ¥123,284 million (€887.6m) that included strong category increases in nearly all global regions. Operating income slipped 20 ...

  • Brooks Logo Horizontal_Blue
    Article

    Brooks Running posts 11 percent increase in Q2 global revenue

    2022-08-11T13:33:00Z

    Brooks Running, a Berkshire Hathaway firm, recorded 38 percent sales growth in the EMEA in Q2 and a 12 percent increase in the U.S. to keep the company on track for double-digit revenue growth in 2022. During the period, the brand initiated a soft launch in China that focused on ...

  • Active Brands_ColourWear_Logo
    Article

    Tenson sells ColourWear to Swedish Active Brands Group

    2022-08-11T11:58:00Z

    Sweden-based Active Brands Group Scandinavia AB (not to be confused with Oslo, Norway-based Active Brands AS) announced the acquisition of ColourWear from Tenson, expanding its product portfolio in the board and ski apparel market and strengthening its position as a global distributor of consumer, health and sports brands. ColourWear was ...

  • Nautilus
    Article

    Nautilus maintains H2 outlook despite tough Q1

    2022-08-11T08:58:00Z

    Nautilus Inc. is maintaining its expectations for the second half of its financial year, which include positive adjusted Ebitda and 60 to 70 percent of its annual revenues fueled by advertising support – after reporting dismal results in its seasonally slow first quarter. Impacted by a nearly $27 million ...

  • WOLVERINE-WORLDWIDE-INC.1
    Article

    Wolverine outperforms in Q2, but lowers FY forecast

    2022-08-11T04:43:00Z

    Wolverine Worldwide, concerned about inventory escalation in various U.S. retail channels and the likelihood of higher wholesale order cancellations in the market for the remainder of the year, has lowered its FY22 outlook downward. Lingering supply chain delays and currency exchange rates also contributed to the revision. The adjustment was ...

  • Archroma_Huntsman_Logos
    Article

    Archroma takes over Textile Effects business from Huntsman

    2022-08-10T10:15:00Z

    The Swiss chemical solutions company Archroma (part of the U.S.-based investment firm SK Capital Partners) has entered into a definitive agreement to acquire the Textile Effects business from Huntsman Corporation. Huntsman Textile Effects was in the OIC news lately for its new PFC-free water repellent. The total enterprise value of ...

  • GEO-BLOCKING_iStock-1076602792
    Article

    How should product price differences in the EU be treated in light of geo-blocking?

    2022-08-09T13:32:00Z

    Online shops: Is geoblocking permitted in cross-border sales? What is the law; what is there to know? Our legal expert brings light to the matter and explains the EU Geo-Blocking Regulation.

  • Unearthed_Logo
    Article

    Textile waste allegedly used as fuel for brick kilns in Cambodia

    2022-08-09T10:49:00Z

    Unearthed, a subsidiary of Greenpeace, has issued a new report, stating that off-cuts from Cambodian textile factories mixed with wood are being used to fuel brick kilns on a large scale. The kilns need to stay fired for several days at a temperature of 650° C to burn the clay ...

  • Allbirds
    Article

    Allbirds shrinks staff and cuts costs while Q2 loss increases

    2022-08-09T06:45:00Z

    Allbirds reported a net loss of nearly $29.4 million against a loss of $7.6 million for the second quarter ended June 30. The operating loss was $29.3 million versus a loss of $4.17 million. Total revenues increased 15 percent (18% currency-neutral) to $78.2 million from $67.9 million, with U.S. revenues ...

  • Logo-Yonex.svg
    Article

    Yonex hikes FY outlook on pleasing China recovery

    2022-08-09T06:31:00Z

    Yonex, citing a better-than-expected recovery in China after pandemic-related lockdowns eased, has increased its H1 and financial year forecasts. The Japanese company has raised its H1 revenue forecast by 20 percent to 48,000 million yen (€342.9m) from ¥40,000 million and its operating profit outlook by 58 percent to ¥6,000 million ...

  • alora-griffiths-zEAX0E0KJxs-unsplash
    Article

    Global gym accessories market growing at 6.2% CAGR to 2031

    2022-08-08T01:01:00Z

    The global gym accessories industry was estimated at $6.51 billion in 2021 and is expected to reach $12.01 billion by 2031, registering a compound annual growth rate (CAGR) of 6.2 percent from 2022 to 2031, according to a new report by Allied Market Research. The experts said that the growth ...

  • GoPro_Logo
    Article

    GoPro Q1 revenues driven by subscriptions, EMEA and APAC

    2022-08-05T14:41:00Z

    Action camera maker GoPro is approaching two million subscribers after the total grew 65 percent (or 754,000 subs year-over-year) in Q2 to reach 1.91 million. The company’s subscription and service segment revenues rose 70 percent to $20.1 million for the period ended June 30, while hardware sales declined 1.1 percent ...

  • alpargatas logo
    Article

    Alpargatas sees Havaianas’ revenues fall double-digits in U.S., China

    2022-08-05T14:27:00Z

    Alpargatas suffered double-digit sales declines for its rubber sandal brand in both the U.S. and China during the second quarter but realized an 11.8 percent increase in price per pair during the period. Havaianas’ sales declined 46.3 percent in China to 8.7 million Brazilian reais (€1.7m) due to the country’s ...

  • Functional_Fabric_Fair_Logos_Three-Cities_ALL-CITIES_webready
    Article

    Strong start of the Functional Fabric Fair in New York

    2022-08-05T09:16:00Z

    Functional Fabric Fair New York – powered by Performance Days® is a trade-exclusive event showcasing the latest trends in fabric development for the functional textile industry and provides a suitable marketplace in the U.S. for sourcing high-performance functional fabrics and accessories. On July 19-20, for the first time in three ...

  • crocs
    Article

    Crocs lowers outlook, stock price takes hit

    2022-08-05T07:31:00Z

    Crocs, Inc. lowered its annual revenue guidance and reported a significant decline in its Q2 operating margin, factors which contributed to a nearly 14 percent decline in its stock price early today. The company is now forecasting 14 to 17 percent constant currency revenue growth for its Crocs brand (10 ...

  • Callaway_Logo
    Article

    Callaway generates double-digit sales gains across all segments, raises FY outlook

    2022-08-05T07:26:00Z

    In reporting record second-quarter results paced by revenue and operating income growth from its Topgolf driving range venues, Callaway said pricing and other business improvement implemented during H1 have enabled the company to “outrun the ubiquitous inflationary pressures, unfavorable foreign currency exchange rates and staffing challenges.” Net income increased ...

  • 72375_EDM_Athletic Shoes_Superside_v2
    Article

    Market Analysis: The athletic footwear market

    2022-08-04T13:08:00Z

    This is an exclusive, yearly statistic only available for subscribers of SGI Europe. It includes revenue and market share development of the major global athletic footwear brands including breakdown by region.