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  • PUMA_Logo_Standard-No1
    Article

    Puma expects business headwinds to persist in H1 of 2024

    2024-02-27T15:45:00Z

    Puma, citing ongoing geopolitical and macroeconomic headwinds and currency fluctuations to continue for at least H1 of 2024, is forecasting mid-single-digit, currency-adjusted sales growth this year and a corresponding operating profit of €620 million to €700 million this year. The predicted Ebit range represents flat to 12.7 percent year-over-year growth ...

  • daniel-prado-2COX4tG0tc0-unsplash
    Article

    A bright future for pickleball in Spain?

    2024-02-27T13:08:00Z

    The head of pickleball for the Catalunya Tennis Club’s Meeting Cup, Lluis Riba, wore a prognosticator’s cap for his recent chat with CMDsport, saying that 2027 will be the year of pickleball in Spain. Like pádel before it, he said, pickleball is in a position to save struggling tennis clubs, ...

  • Moncler-Logo
    Article

    Moncler: Grinta withdraws from Double R, signs consultation agreement with RPH

    2024-02-27T10:03:00Z

    Italian luxury outdoor fashion company Moncler S.p.A., on behalf of Double R Srl, Ruffini Partecipazioni Holding Srl (RPH) and Grinta Srl, announced that Grinta, a corporate vehicle of the Rivetti family, has announced its withdrawal from Double R. Double R is a sub-holding company controlled by RPH, a holding company ...

  • Steve Every IIC
    Article

    Steve Evers: “We want to grow with a capital G”

    2024-02-27T08:49:00Z

    Intersport International, the global sporting goods retailer, concluded the year 2023 with retail sales totaling EUR 13.7 billion.

  • Frasers_Group_Logo
    Article

    Frasers Group boosts board with key appointments

    2024-02-26T12:21:00Z

    Frasers Group is keeping its foot on the pedal. Now, it has announced new names to its board.

  • GILDAN_LOGO_blue
    Article

    Gildan results benefit from higher customer replenishment

    2024-02-24T18:38:00Z

    Canadian sportswear firm Gildan Activewear generated an 8.1 percent increase in Q4 activewear sales to $644.0 million, fueled by higher volumes at point-of-sale and stronger year-over-year customer replenishment. There was a strong sales performance from the fleece and ring-spun T-shirt segments. Overall final period results, including sales of underwear ...

  • Xgames Logo
    Article

    Action sports veteran Shaun Neff joins X Games Ownership Group

    2024-02-23T18:05:00Z

    Entrepreneur and founder of Neff Headwear, Shaun Neff, announced that he has officially joined sports and entertainment brand X Games Ownership Group as an investor and advisor to accelerate the brand’s expansive strategy. In addition to the annual Winter and Summer Games, X Games plans to expand its events and ...

  • L47377200_10_GHO_INDEX.03_White_Black_Cherry Tomato.png.high-res
    Article

    Salomon launches 3rd gen of Index recyclable running shoe

    2024-02-23T18:04:00Z

    Source: Salomon Index.03 The Index.03, the third generation of the fully recyclable running shoe, will be available this spring and, according to Salomon, offers more comfort, performance and style at a more affordable price. The Index.03, which at just 249 grams is 14 grams lighter than its ...

  • Ger Wright
    Article

    Sports Direct launches Outdoor concept, starting in Cardiff

    2024-02-23T13:59:00Z

    Sports Direct is expanding its offerings and launching a new Outdoor concept, starting in Cardiff, the retail giant’s flagship location.

  • Intersport_LOGO
    Article

    IIC reports another successful year

    2024-02-23T13:39:00Z

    Intersport International (IIC) closed 2023 with retail sales totaling €13.7 billion. This matched the previous year’s record result despite a very challenging business environment. At the end of the calendar year, the Switzerland-based group had a network of 5,381 stores worldwide, an increase of 72 stores compared to the previous ...

  • 1200px-Globe-international-brand.svg Kopie
    Article

    Globe spinning in right direction with shift in focus

    2024-02-23T08:42:00Z

    Globe Intl., bolstered by a shift in key product focus to footwear and apparel, generated improved H1 results that included stronger profitability and cash flow from operations for the six months ended Dec. 31. The Aussie group reported a net profit of A$4.9 million (€3.0m) against a loss of A$0.2 ...

  • Gymshark_Logo
    Article

    Gymshark’s annual profit drops despite higher sales

    2024-02-23T08:42:00Z

    UK-based sportswear company Gymshark, which closed its regional sourcing offices in Hong Kong and Mauritius and restructured its North American team last FY, suffered a 32 percent decline in annual operating profit to £20,087,000 (€23.5m) for the 12 months ended July 31, 2023. Net profit, impacted by a 320 percent ...

  • WOLVERINE-WORLDWIDE-INC.1
    Article

    Wolverine makes progress on turnaround but more bumps likely

    2024-02-22T07:11:00Z

    Wolverine Worldwide’s CEO leads turnaround, aiming for $140M profit gains in 2024. Despite Q4 losses, strides made in inventory and debt.

  • KMD Logo
    Article

    KMD Brands sees soft H1 group sales

    2024-02-21T09:06:00Z

    All three of KMD’s brands – Rip Curl, Kathmandu and Oboz – suffered a year-over-year sales decline in the first half that ended Jan. 31, with their aggregate revenues projected to be down by 14.5 percent to 469 million New Zealand dollars (€267.3m). Amid ongoing weakness in consumer sentiment during ...

  • HDE_Logo_RGB
    Article

    Unfair competition: HDE calls for clear rules for Temu & Co

    2024-02-21T07:25:00Z

    In a time where German companys abide the rules and laws, masses of goods that violate all regulations are entering the German market.

  • Bildschirmfoto 2024-02-12 um 07.48.15
    Article

    Winter sports industry unites for climate action, joins UN Race to Zero campaign

    2024-02-20T13:07:00Z

    The Winter Sports Sustainability Network (WSN), managed by Peak 63 and the Federation of the European Sporting Goods Industry (FESI), in collaboration with Snowsports Industries America (SIA), announced the establishment of a transformative Climate Pact, bringing together prominent ski, snowboard, binding and boot brands from Europe and the US in ...

  • daniel-prado-2COX4tG0tc0-unsplash
    Article

    Spain’s FICE concerned over EU action on payment windows

    2024-02-20T13:00:00Z

    The Spanish Federation of Footwear Companies (FICE) believes that proposed revisions to the EU’s directive on late payments will only make matter worse for Spain’s footwear companies, which since 2022 have been dealing with a Spanish law called “Create and Grow” (Ley Crea y Crece). This law has limited eligibility ...

  • AFP Courts
    Article

    Sales at AFP up 8%, though short of expectations

    2024-02-20T13:00:00Z

    All for Padel (AFP) – the racquet company within AFP Group, which holds the Adidas license to design, manufacture and commercialize pádel racquets, accessories and courts – had been hoping to generate €34 million in sales for 2023. However, this target was revised down to €31 million in September, and ...

  • balena_for ever_
    Article

    Balena & For Ever forge circular future for footwear

    2024-02-20T10:21:00Z

    Balena’s collaboration with For Ever, one of the world’s largest outsole makers, marks a significant stride toward circularity in the footwear industry. The groundbreaking partnership, set to be unveiled at Lineapelle-Italy on February 20th, signals a pivotal moment in sustainable shoe manufacturing.

  • фото вм1
    Article

    Interview with Kant’s VP: “The holy place is never empty”

    2024-02-19T08:24:00Z

    An interview with Maxim Vinogradov, VP of Russia’s retailer Kant.