All Brands articles – Page 8
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News briefsBrooks elevates two executives
Dan Sheridan, who has worked for Brooks Running for 24 years and is well respected in the running shoe industry, has been promoted to president and chief operating officer. In a separate executive promotion at Brooks Running, Matt Dodge, who has led the brand to record growth in the EMEA ...
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ArticlePuma sees 2022 sales up at least 10%, headwinds from higher costs, China
With its traditional conservative approach, Puma said it expects currency-adjusted sales to increase by “at least 10 percent” in all the regions in 2022, despite a very strong order book, but warned that higher freight and raw material costs would weigh on profits, while an ongoing consumer boycott in China ...
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ArticleBrooks crosses the $1 bn milestone, growing by 31% globally and by 25% in EMEA
Crossing the magic $1 billion milestone for the first time, Brooks Running reported a 31 percent sales increase to $1.11 billion in 2021. Brooks EMEA added that its turnover in the region grew by 25 percent in terms of local currencies, despite retail closures and other challenges, with France, Italy ...
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ArticlePotential supply chain constraints may hamper Under Armour’s progress
The EMEA was the shining region for Under Armour in both the fourth quarter and the full year 2021. In the final period ended Dec. 31, the company’s EMEA revenues rose by 23 percent on a currency-neutral basis to $200.2 million, driven mostly by wholesale gains, lifting the operating margin ...
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Amer may reach a 13% Ebit margin on 20% higher sales, says S&P
Standard & Poor’s Global has upgraded its ratings for Amer Sports, largely echoing the positive comments made last month by Moody’s. S&P sees Amer’s growth accelerating to 20 percent in 2022 from 15 percent in 2021, followed by mid-single-digit increases in 2023 and 2024, thanks in part to investments in ...
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ArticleCallaway sees robust growth continuing, Jack Wolfskin relaunch proceeding well
Callaway Golf predicted another year of robust topline growth in 2022, after revenues in the fourth quarter jumped by 90.0 percent to $711.7 million, benefiting from the addition of Topgolf earlier in the year and “strong momentum” at Jack Wolfskin and TravisMathew. The growth for the new year is expected ...
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ArticleCanada Goose cuts guidance as sales disappoint
Canada Goose cut its guidance for the full year, citing lower-than-expected revenues and retail traffic in EMEA and APAC regions in the ongoing fourth quarter of its financial year due to new restrictions imposed in the wake of outbreaks of the Omicron coronavirus variant. The company now expects to post ...
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News briefsGoldwin forecasts 5.7% drop in operating income
Goldwin, the Japanese company whose brand portfolio includes territorial trademark rights or licenses for some western sports brands, is currently forecasting a 5.7 percent drop in annual operating earnings to 14 billion yen (€107.6m) for the 12 months ending March 31, 2022. Annual revenues are predicted to rise by 10.5 ...
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ArticlePerformance running paced Asics’ gains in 2021
Driven by a 31 percent increase in annual sales of performance running shoes, Asics generated revenues of more than 400 billion yen for the first time in four years in 2021. And the Japanese company’s annual operating income topped 20 billion yen for the first time since 2016. Net sales ...
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ArticleMizuno’s sales growth came to a halt in Q3
Mizuno reported record profits for the nine months ended Dec. 31, as sales growth continued to be underpinned by the strong performance of its golf and running products, particularly in EMEA and the Americas. However, the growth stopped in the third quarter, which showed a drop in sales of 2 ...
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ArticleNautilus books a loss in Q3, with soft sales outside the U.S.
Nautilus recorded a 22 percent drop in revenues to $147 million in the third quarter ended Dec. 31, despite a 63 percent rebound from the corresponding 2019 period, excluding the divested Octane business. The net result was a loss of $13.5 million against a net income of $28.9 million in ...
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ArticleShimano finished the FY strongly, but slowing down
Shimano’s consolidated revenues went up by 44.6 percent to 546.3 billion yen (€4.14bn-$4.73bn) in the financial year ended Dec. 31, recovering from growth of only 4.1 percent in the previous year. Still, the company is guiding for an increase of only 6.1 percent in 2022. The group’s operating earnings jumped ...
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ArticleNew CEO as Peloton’s wheels are no longer spinning in place
The business of Peloton Interactive took a wild ride that will undoubtedly alter the leading connected fitness brand’s course in the months ahead, possibly resulting in a change of ownership, as previously reported. Under fire from investors such as Blackwells Capital, which issued a detailed 65-page report on the company’s ...
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News briefsBodytone may have equaled its record year
According to CMDsport, Bodytone International Group appears to have equaled in 2021 its record annual sales of 2020, which amounted to €28.5 million. And the Spanish producer of fitness equipment is looking forward to an even better 2022. Speaking with CMDsport, one of Bodytone’s two CEOs, Joaquín Marín, projected a ...
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News briefsAsics invests in video-analysis start-up
Asics, through its subsidiary Asics Ventures Corp. of Kobe, Japan, has purchased a stake in Run.Edge Limited, a start-up that was spun off from Fujitsu Limited in June 2018 and produces applications for real-time sports video analysis. Among its applications are Fl-ux, Pitchbase and Taguru. Fl-ux is in use by ...
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ArticleNike sues StockX, and explores the nature of NFTs
The age-old philosophical debate over the nature of simulacra has found new life in new forums: the metaverse, where big brands have been recreating their products in virtual form, and the courts, where those same brands are now clashing with other business entities over the realities, virtual and other, of ...
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ArticleEntering new markets, Champion could become a $3.2 bn brand
Champion plans to enter new regions, including several key new markets in Eastern Europe and the Middle East, contributing to a new forecast from parent company Hanesbrands that the brand will reach $3.2 billion in annual sales by 2024, above the $3.0 billion target it projected last May. Building upon ...
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ArticleDeckers sees 19-20% growth for its fiscal year
Deckers Brands, the parent company of Ugg, Hokaand other brands, is currently forecasting revenues of $3.03-3.06 billion for the full financial year ending March 31, indicating a growth of between 19 and 20 percent. It expects to book a gross margin of less than 51.5 percent for the year, leading ...
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ArticleSkechers sets sight on metaverse after record 2021
Skechers revealed plans to seek growth opportunities in the metaverse after posting better-than-expected results in the fourth quarter of 2021 and sales records in every quarter of the year. Revenues in the three months ended Dec. 31 increased by 24.4 percent to $1,648 million, topping analysts’ expectations by about $100 ...
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ArticleStrong results for Columbia, driven by DTC
Despite persistent supply chain disruptions that negatively impacted its wholesale revenues, Columbia Sportswear reported impressive fourth-quarter results on the strength of its Direct-To-Consumer and e-commerce businesses and an improvement of 1.6 percentage points in the gross margin to 52.2 percent, as higher freight costs were more than offset by a ...
