All Article articles – Page 95
-
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
-
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 ...
-
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 ...
-
ArticleLatest Flip Sneakerchase network investigation: Tracking down Zalando
Zalando has responded to recent stories questioning the figures it uses to publicise how the company deals with returns, during its annual press conference on 7 March. In Feb. 2023, the Flip investigative team (who also initiated the GPS-tracked Sneakerjagd, or sneaker chase) published the outcome of its latest project, ...
-
ArticlePuma eyes more gains after record FY22
Under new CEO Arne Freundt, Puma has established numerous brand and company priorities for 2023 after reporting record annual sales and Ebit in FY22. While forecasting a “normalization” of market conditions in the U.S. and China this year, the group predicts high-single-digit revenue growth and an Ebit range of €590 ...
-
ArticleIOC continues to support Ukrainian athletes in run-up to next Olympics
The International Olympic Committee (IOC) continues its strong efforts to support Ukrainian athletes. The $7.5 million Solidarity Fund will help them prepare for the Paris 2024 Olympics and the Milan Cortina 2026 Winter Olympics. So far, some 3,000 Ukrainian athletes and coaches have benefited from this support and direct assistance ...
-
ArticleElevate Outdoor Collective appoints chief operations officer
Source: Elevate Outdoor Collective Josee Larocque Executive appointments continue at Elevate Outdoor Collective (EOC) following the group’s rebranding in 2022. Effective immediately, Josee Larocque is the company’s new chief operations officer, leading global operations from manufacturing to distribution. As a key member of the leadership team, she ...
-
ArticleWHO/OECD report highlights financial and health costs of physical inactivity in Europe
A new report from the World Health Organization (WHO), produced in collaboration with the Organisation for Economic Co-operation and Development (OECD) and with funding from the European Union, highlights the impact that increasing physical activity levels would have on the health of the population and the economy in the continent. ...
-
ArticleNike tops global retailers list among sports retailers
Nike Inc./Nike Direct is the largest sports retailer in the world, according to the “Global Powers of Retailing 2023” report, which Deloitte has just released. Decathlon takes the 2nd spot, followed by Dick’s, JD Sports and Adidas, to complete the Top 5 in the sports retailing sub-category. ...
-
ArticleIs ABG buying Boardriders?
Jamie Salter-led Authentic Brands Group (ABG) may be on the verge of landing another big fish for its portfolio of brands. Recent developments suggest Oaktree Capital-controlled Boardriders is on the verge of selling its portfolio of largely surf-focused brands, led by Quiksilver and Billabong, and ABG appears in a position ...
-
ArticleGarmin operating income dips in Q4, eyes $5 billion in FY23 sales
Positive currency effects of more than $44.5 million helped Garmin report a 2.5 percent increase in Q4 net income to $293.3 million from $286.1 million. Operating income decreased 15 percent to $267.2 million for the period ended Dec. 31, but gross margin improved to 57.0 percent from 55.5 percent. Total ...
-
ArticleEvolving Wolverine Worldwide forecasts meaningful profit progress in H2
Wolverine Worldwide, having already taken numerous actions in Q4 that included staff cuts and the divestiture of its Keds business, is targeting flat to 2 percent sales growth in FY23 and a 210-basis point improvement in adjusted gross margin to approximately 42.0 percent as it continues to transform its business, ...
-
ArticleRussia considers more tariffs on sporting goods from ‘unfriendly countries’
Russia is contemplating the imposition of protective tariffs on sporting goods imported into the country from “unfriendly countries,” according to Dmitry Kolobov, head of the Department of Important Social Goods at the Russian Ministry of Industry and Trade. Affected countries, in the Russian government’s view, are those that it says ...
-
ArticleeBay Recommerce Report shows users find financial value in used goods
eBay has released its third annual Recommerce Report, which examines what drives sellers and buyers to participate in the sale of used goods. The latest report (for 2022) also marks the first time eBay has conducted a separate survey exclusively for buyers. Both sellers and buyers are turning to resale ...
-
ArticleBrooks' success builds on connection with runners worldwide
Berkshire Hathaway-owned Brooks, which continues to make strides with the global running community, generated a 6 percent increase in annual sales in 2022 to an implied $1.166 billion despite persistent supply chain obstacles within the running industry. The company also gained new customers last year in categories outside of running, ...
-
ArticleSportmaster rejects takeover of former Russian Decathlon chain
Russia’s largest sporting goods retailer Sportmaster has declined Decathlon’s offer to purchase its BlueBox chain of stores, which has stood idle since the middle of 2022, an anonymous source in Sportmaster told the Russian newspaper Izvestia. “Firstly, our stores are located close to each other, which is disadvantageous. Secondly, the ...
-
ArticleKim Scholze appointed to Sympatex' executive board
Kim Scholze has been appointed to Sympatex’s executive board, retroactive to Jan. 1, 2023. As chief sales and marketing officer (CSMO), she will be responsible for Sympatex’s global sales and marketing strategy. The division of the management board in this form is a novelty at Sympatex. Scholze joined the company ...
-
ArticleEtsy accused of 'knowingly' allowing sales of counterfeit product
In a report published on Feb. 16, 2023, online stock commentary website Citron Research claims to have exposed the “dirty secrets” of Etsy, the New York-based online marketplace for buying and selling handmade and other products, founded in 2005, and its failure to shut down the sale of counterfeit goods, ...
-
ArticleEverysport Group reports declining revenue, Media division shows muscle
Stockholm-based Everysport Group AB, divided into the Everysport Media and Every Padel businesses, said in its year-end financial report that it had conducted a strategic review of the padel business to return to long-term growth as quickly as possible. This resulted in a net positive impact of SEK 10 million ...
-
ArticlePuma gets ready to celebrate 75 years, in the real world and in the metaverse
On the occasion of its 75th anniversary, Puma has announced that it will celebrate its motto “Forever Faster“ – which is based on company founder Rudolf Dassler’s intention to give his athletes the agility and performance of a big cat – with various events. Dassler founded the “Puma Schuhfabrik Rudolf ...
