All articles by Bob McGee – Page 5
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ArticleNike scores mixed feedback from NFL Super Bowl ad
Nike’s “You Can’t Win, So Win” ad during Super Bowl broadcast, did not land a decisive victory for the brand.
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ArticleGoldwin’s nine-month operating profit slips
The Japanese group said warmer weather hurt sales of down jackets and other cold weather gear in October and November.
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ArticleXXL revenues contracted 1.8% in Q4
Despite continued negative market developments in the Nordic sports and outdoor markets, the Group’s results are benefiting from a cost reduction programme.
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ArticleUnder Armour’s operating income in Q4 slipped by 81%
“We’re dedicated to strengthening our brand with the understanding that this journey is not a sprint, but a marathon that requires resilience and thoughtful strategy,” President Kevin Plank told analysts.
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ArticleGoPro reports another loss, cuts costs by 30%
Facing revenue declines and delayed product launches, GoPro slashes costs and refocuses on growth to regain profitability by 2026.
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ArticleMizuno posts record sales and 16.5% growth, fueled by soccer and lifestyle footwear
Mizuno’s total nine-month revenues increased by 4.4 percent year-over-year to €1.11bn, fueled by 17 percent growth in soccer sales to €96.9m.
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ArticlePeloton Interactive lifts guidance as Q2 loss narrows
The group, citing faster-than-expected operating expense reductions and greater confidence in full-year hardware sales, has raised its FY25 outlook for adjusted Ebitda and free cash flow.
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ArticleNew Wave posts higher sports & leisure profits, sales in Q4
The segment sales for the Swedish company´s sports & leisure unit rose by 7 percent to €350.9 million.
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ArticleBrooks Running achieved sales growth of 228% in China 2024
Global expansion were the key words for Brooks in 2024. The Seattle-based company realized a 228 percent year-over-year sales growth rate in China in 2024 and expanded its U.S. specialty retail channel business by 19 percent.
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ArticleCanada Goose delivers higher operating profit, lower sales in Q3
Operating income rose by 2.8 percent to C$204.3 million (€137.3m) for the period ended Dec. 29 as net income attributable to shareholders improved by 7.0 percent to C$139.7 million (€93.9m).
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ArticleColumbia reports a 21% gain in operating income FY24
Columbia Sportswear plans to revamp marketing, review costs and expand globally to counter a challenging FY24.
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News briefsMizuno USA suffers data breach
Mizuno Corp. has announced that in the fall of 2024, the company was subjected to a hacker attack.
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News briefsReports: Castore considers eventual IPO
The decade-old UK sportswear brand, led by sibling founders Tom Beaton and Phil Beaton, is reportedly considering an eventual initial public offering (IPO) for the business.
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ArticleVF Corp. transition for Vans’ business moving forward
The parent company will reveal more about its strategy for Vans at an investor day on March 6. In detailing Q3 results, President and CEO Bracken Darrell said the company is continuing to expand into different forms of demand creation and action sports.
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ArticleAdidas to streamline business, cut HQ positions
Just after Adidas reported better-than-forecast preliminary results for Q4 that included 19 percent sales growth, the company confirmed that there will be layoffs at the company’s headquarters.
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ArticlePuma SE reports flat FY24 operating profit despite sales growth
Preliminary annual results at Puma, while showing favorable, 4.4 percent currency-adjusted growth on the sales side
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ArticlePreliminary 2024 report from Adidas shows double-digit growth to €23.7bn
Adidas reported “better-than-expected” fourth-quarter results, which rose 24 percent in euros to €5,965 million from €4,812 million.
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News briefsPlanet Fitness keeps up the pace – opened up 150 clubs in 2024
Planet Fitness, which ended 2024 with 19.7 million members and sales growing 5.0 percent year over year, says it has “just scratched the surface” of international expansion.
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ArticleOn eyes younger consumers and new markets
The Swiss company adds retail partners around the world, is pleased with it´s 2024 and looks for more progress 2025 toward its 2026-2027 financial goals.
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News briefsNew Balance aiming for $10bn as worldwide sales grew 20% in 2024
The Boston-based company declared that global sales increased by 20 percent last year to $7.8 billion.
