All Article articles – Page 94
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Article361 Degrees reports flat FY22 operating income
361 Degrees, which is continuing to upgrade its omnichannel retail experience in China, realized an 0.8 percent drop in FY22 operating income to 1,074 million yuan renminbi (€144.9m) against RMB 1,083 million for the 12 months ended Dec. 31. The operating profit margin fell to 15.4 percent from 18.3 percent. ...
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ArticleIntersport Sweden partners with Canopy to protect the world’s forests
Intersport Sweden – the country’s leading sporting goods retailer, founded in 1968 and with nearly 100 stores – has announced a partnership with the non-profit organization Canopy to promote forest-friendly supply chains. The aim is to set important signs for the world’s forests, species and climate. Intersport Sweden thus joins ...
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ArticleYue Yuen delivers solid FY results, but warns about gathering headwinds
Bolstered by its manufacturing segment, Yue Yuen reported a 158 percent increase in annual operating income to $416.8 million in FY22 on a 5 percent revenue expansion to $8.97 billion from $8.53 billion. Net income grew by 106 percent to $293.2 million as the annual gross margin dropped slightly to ...
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ArticleGOTS V7.0 released after long consultation process
The Global Organic Textile Standard (GOTS) has released its GOTS version 7.0. The new certification guidelines feature an expanded scope of environmental and social criteria while aiming to maintain a standard that is practicable for industrial production and appropriate for a wide range of products. GOTS version 7.0 strives to ...
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ArticleTrove releases first-of-its-kind Brand Resale Index for 2023
Trove, the U.S.-based service provider whose technology powers the resale services of several sporting goods manufacturers, has released its first Brand Resale Index, titled “Defining the Resale Experience.” The index is the first report of its kind, agnostic to the resale platform provider and it evaluates the adoption of leading ...
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ArticleZumiez remains positive on Europe as overall results slip
Zumiez, the operator of the Blue Tomato retail chain, is positive about its future in Europe despite losing unspecified millions of dollars in the region in 2022, where the banner’s total sales rose 8.8 percent to €126 million. All category sales were up in the region on a comparable basis, ...
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ArticleNew report on the impact of the decline in snow cover in Italy
In less than three years, Italy will be hosting the Milano Cortina Winter Olympics 2026, and some recent estimates are alarming. According to a new report by the Italian environmental group Legambiente, Italy’s ski industry heavily relies on artificial snow due to climate change. Nine out of ...
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ArticleAllbirds’ Q4 loss widens; company sets transformation plan
Allbirds completed its first full year as a public company by reporting a $25.5 million operating loss versus an operating loss of $6.4 million in the period ended Dec. 31. The net loss was $24,866,000 against a net loss of $10,444,000. Promotion and the discontinuation of first-generation apparel contributed to ...
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ArticlePerformance Days: Exciting developments push recycled and biobased fibers
Performance Days will showcase exciting improvements in recycled and biobased synthetic fibers. Here is a preview.
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ArticleAdidas faces transition year; results suffer from Yeezy, challenging China
Adidas unveils its turnaround plan after 2022 figures suffer from the termination of its Yeezy partnership and a challenging Chinese market
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ArticleGolf in the U.K. is still negatively impacted by gender inequality, survey reveals
Although attitudes towards women in sports are generally shifting, inequality seems to be lingering in women’s golf in the U.K., according to a recent study. Golf insurance company Golf Care conducted a national survey of over 2,000 U.K. residents looking at golf and 21 other sports, gathering opinions on a ...
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ArticleDecathlon Germany cracks the €1 billion sales mark
The German subsidiary of Decathlon has published record sales growth of 28.4 percent in the last fiscal year, with a total of €1.06 billion in 2022. Total EBIT is 30.1 million, with outdoor, mobility, water sports and fitness being the strongest product categories (around 70 percent of total turnover). In ...
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ArticleXponential Fitness posts operating profit in Q4, FY22
Xponential Fitness, the global franchisor of boutique fitness brands, reported Q4 operating income of $2.6 million against an operating loss of $26.9 million for the period ended Dec. 31. The Q4 net loss was $367,000 against a loss of $29.8 million. Total revenues rose by 44 percent to $71.3 million ...
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ArticleWomen in leadership in the sporting goods industry
We conducted our biggest ever survey of senior management, to find out how many women hold leadership roles. The results may surprise you.
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ArticleGrupo SBF’s star segment in FY22 is Fisia
Grupo SBF, the operator of Brazil’s top sporting goods chain in Centauro that became the country’s exclusive distributor of Nike in Dec. 2020, reported a 16 percent decline in Q4 adjusted Ebitda to 226.6 million Brazilian reais (€42.3m) for the period ended Dec. 31. Gross margin fell to 47.6 percent ...
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ArticleAcushnet FY22 sales rise by double digits in all categories
Acushnet Holdings Corp., after exceeding the low-end of its annual revenue and Ebitda range forecasts for FY22, has established consolidated net sales guidance of $2,325 to $2,375 million for FY23, a growth range of 2.0 to 7.9 percent year-over-year, and an adjusted Ebitda range of $345 to $365 million. Senior ...
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ArticleVulcabras’ momentum in athletic footwear persists
Vulcabras’ Ebitda increased by 47 percent to 176.6 million Brazilian reais (€40.0m) in the final period of FY22. Gross margin improved by 220 basis points to 38.3 percent from 36.1 percent as net income came in at R$214.3 million (€40.0m). Quarterly net revenues were 19.2 percent higher year-over-year to ...
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ArticlePuma CEO Arne Freundt: “We are hungry”
Alongside Puma’s positive 2022 figures, we bring you CEO Arne Freundt’s renewed strategy for growth, as told at Puma HQ on March 1, 2023
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ArticleMoncler Q4 sales top €1 billion threshold
Moncler’s sales in the fourth quarter of 2022 increased by 19 percent at constant currency rates to €1,046.3 million and pushed 67 percent above their level in the same quarter of 2019, ahead of the Covid-19 pandemic. The strong fourth quarter sales performance led full-year sales to €2,602.9 million, up ...
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ArticleFila celebrates 50 years in tennis and launches new junior tournament
Fila has announced a series of on-site activities and activations at the 2023 Indian Wells Masters in Southern California, also known as BNP Paribas Open, on March 6-19. Fans attending the event will experience the brand’s 50 years in tennis and the evolution of its style since 1973. Archival outfits ...
