All articles by Bob McGee – Page 8
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ArticleVF Corp.’s turnaround continues to take shape
VF Corp. continues to make progress on its turnaround plan, delivering sequential sales improvement, a year-over-year increase in gross margin, and a 13 percent reduction in inventories in the second quarter that ended September 30.
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ArticleTopsports’ H1 revenues, profit tumble
Greater China’s top Nike and Adidas retailer saw sales, profit and gross margin fall in the six months to August 31.
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AnalysisThe world’s biggest sports retailers
Our annual analysis of the world’s largest sports retailers presents the revenue of the top international sports retailers and ranks their growth year-on-year.
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ArticleAdidas lifts FY guidance after another strong quarter
Citing current brand momentum and better-than-expected results in Q3 ended Sept. 30, Adidas increased its FY24 guidance for a second consecutive period. The German group is now forecasting about 10 percent currency-neutral sales this fiscal year, up from a prior outlook of a high-single-digit rate and €1.2 billion in ...
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News briefs361 Degrees updates on Q3
361 Degrees saw sales of both its own private label and kids’ brand products increase by 10 percent year-over-year.
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News briefsAnta Sports updates on Q3 results
The sales of Anta Sports recorded a mid-single-digit, year-over-year sales increase in the period ended Sept. 30.
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AnalysisMarket Analysis: The sports equipment market 2023
Our annual summary compares the 2023 and 2022 global revenue and market-share development of 39 companies and provides a breakdown by sector.
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ArticleNike’s FY25 gets off on the wrong foot, with Hill ready to lead the climb back
With sales and income down for Q1, the American giant will strive to spur growth through innovation.
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ArticleSofter consumer sentiment continues to hamper KMD Brands
New Zealand’s KMD Brands, owner of Rip Curl, Kathmandu and Oboz, saw FY24 sales drop 11.2% amid weak consumer sentiment, posting a NZ$48.3m net loss.
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AnalysisAnalysis: The top sporting goods industry performers by sales and profit in Q2 2024
One-third of the companies – 15 in all – reported a net loss in the reporting period closest to June 30 in Q2 2024. Find out more with our latest scorecard.
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ArticleUnder Armour revises FY outlook
Due to these expected actions, the Baltimore-based group has revised its FY25 outlook.
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News briefsZumiez Q2 results improve as North American comps rise high-single digits
The Q2 net loss of $847,000 was 90% better than the year-ago loss of $8,509,000.
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AnalysisMarket analysis: The sports apparel market of 2023
Our annual summary of the sports apparel market brings you global revenue and market-share development and a regional breakdown of 29 companies.
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ArticleFoot Locker customer prioritizes discretionary spending on footwear
Foot Locker stays on course despite economic challenges, focusing on its loyalty program, expanded brand portfolio, and upcoming mobile app launch.
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ArticleSFIA names new president and CEO
Todd Smith has been appointed President and CEO of Sports & Fitness Industry Association (SFIA).
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News briefsAthleta continues broadening customer base as Q2 sales dip slightly
Gap Inc. anticipates Athleta’s sales rebound in H2, despite a slight Q2 decline, with improving margins and successful marketing campaigns fueling growth.
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ArticleLululemon drops FY outlook on more ‘cautious consumer landscape’
Canadian clothing company Lululemon Athletica’s Q2 missed expectations, driven by non-US markets and men’s sales. Despite a rise in margins, the brand lowered its annual outlook.
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ArticleFoot Locker to close or relocate stores due to declining results in Q2
With an operating loss of $9m in Q2, the chain plans to close or relocate stores. This includes the closure of all stores in Sweden, Norway, Denmark and South Korea and the discontinuation of e-commerce.
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ArticleAnta Sports reports flat H1 operating profit despite 14% sales growth
The Chinese group sees profit and sales growth despite flat margins, driven by strategic retail expansion and strong performance across all brands.
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News briefsDunlop Sports’ results fueled by golf, wellness segments
Golf sales were higher year-over-year, helped by the launch of the 13th generation XXIO club in Japan and North America.
