All Descente articles
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News briefsAnta Sports provides Q1 update
Chinese group Anta Sports, which sells the Anta, Fila, Descente and Kolon Sport brands, has updated its Q1 results. The company said Anta branded sales rose by a mid-single digit in the period that ended March 31. Q1 Fila brand sales increased by a high single digit. Meanwhile, year-over-year retail ...
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ArticleDescente’s operating profit dips despite higher sales
Higher SG&A costs related to additional brand promotions contributed to a 12 percent decline in Q3 operating income to ¥6,434 million (€40.2m) at Descente. But higher athleticwear sales offset a decline in golf apparel sales and led to a 4.6 percent gain in total revenues to ¥90,100 million (€56.3m) for ...
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News briefsMatthias Mack joins Descente
Source: Descente Matthias Mack After 30 years at Bogner, Matthias Mack has made the switch to Descente. The long-standing sales professional sees great potential for more growth for the Japanese brand on the German market in the recently formed alliance with sales partner Solo Tres BV from ...
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ArticleDescente’s operating profit dips due to absence of one-time gain
Descente, without the benefit of a one-time gain it had in Q1, realized a 15.2 percent decline in operating profit to ¥4.15 billion (€25.6m) despite a 4.9 percent increase in revenues to ¥60.0 billion (€370.5m) for the three months ended Sep. 30. Sales of athleticwear improved in the period, but ...
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Infographics & DataSports apparel market 2022: Global revenue and market shares
Short on time, but want a summary of the global sports apparel market sales and revenue in 2022? Our infographic has the numbers for 29 big names.
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News briefsAnta Sports provides Q3 operational update
The Chinese company Anta Sports disclosed some details on its Q3 results for its brands except for its joint venture ownership of Amer Sports Corp. Anta brand sales rose by high-single digits during the period ended Sep. 30. Meanwhile, year-over-year Fila brand sales increased by a low-teens percentage. Retail sales ...
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News briefsDescente divests Le Coq Sportif for China
Japanese apparel company Descente is transferring the Le Coq Sportif brand for mainland China to its consolidated subsidiary Le Coq Sportif (Ningbo) Co, Ltd. for 4.9 billion Japanese yen (€31.1m). Le Coq Sportif (Ningbo) is 75 percent owned by Descente and 25 percent owned by Itochu Textile China and was ...
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ArticleAnta Sports gets H1 sales lift from all segments, brands
Anta Sports Products Ltd. achieved a 32 percent increase in H1 operating profit to 7,623 million yuan renminbi (€1.02bn) for the six months ended June 30. Gross margin improved by 130 basis points to 63.3 percent from 62.0 percent, while profit attributable to shareholders increased by 40 percent to RMB ...
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ArticleDescente’s Q2 rises by 36 percent
Descente, benefitting from the consolidation of its Arena and Le Coq Sportif businesses in China and the equivalent of €17.6 million in non-operating income, reported improved sales and profits in Q2. Total revenues increased by 2.8 percent to ¥27,162 million (€181.9m) from ¥26,425 million for the period ended June 30. ...
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ArticleDescente forecasts 9 percent FY23 operating income growth
Descente’s annual revenues of ¥120,614 million (€815.5m) in FY22 exceeded its Nov. 2022 forecast of ¥118,000 million as the company generated higher year-over-year sales in Japan, South Korea and China. The group realized significant profit improvement in both Japan and South Korea but lower year-over-year profits in China due to ...
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ArticleAnta Sports Products publishes ESG report 2022
Anta Sports Products Limited, owner of companies Fila, Descente and the Amer Sports group, including Atomic, Arc’teryx, Salomon and others, besides its own Anta brand, has published the 2022 ESG report for Anta that touches a broad range of operational and financial topics on 132 pages. The ...
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ArticleAnta’s FY profit is flat despite revenue expansion
Anta Sports Products, forced to cope with pandemic-related policies that negatively impacted store foot traffic and consumer sentiment across China for most of 2022, reported 8.8 percent growth last year to 53,651 million yuan renminbi (€7.58bn) on a flat net profit of RMB 8,245 million (€1.17bn) against RMB 8,219 million. ...
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ArticleDescente nine-month operating income jumps
Descente’s total sales increased by 12 percent to 86,099 million yen (€619.9m) in the nine-month period ended Dec. 31, 2022, leading to a 67 percent jump in operating profit to ¥7,300 million (€50.4m) versus ¥4,380 million. The net profit rose by 106 percent to ¥10,172 million (€70.2m). Besides its ...
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ArticleDescente raises FY outlook
Descente, the Japanese sportswear company with a portfolio of sportswear brands that it markets primarily in Japan, South Korea and China, reported a net profit increase of 106 percent to ¥5,132 million (€37.0m) from ¥2,487 million for the six months ended Sept. 30. First half operating income improved 80 percent ...
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News briefsFila returns to growth in China
After a weak first half in which premium brand Fila suffered from zero-Covid closures in China, retail sales grew in the low teens year-on-year in the third quarter. Anta Sports, which co-owns the brand in China through a joint venture with Fila Korea, said in an update that Fila outperformed ...
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ArticleE-commerce, DTC model bolstered Anta H1 Sales
Anta Sports Products recorded a 13.8 percent increase in first half revenues to 25,965 million yuan renminbi (€3,687.0b) thanks to contributions from its direct-to-consumer and e-commerce segments, which helped to offset a 34 percent sales decline in its traditional wholesale business that was adversely impacted by the pandemic. DTC sales ...
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News briefsDescente increases stake in Ningbo Le Coq Sportif
Japanese sportswear and accessories company Descente Ltd. announced in a notice to shareholders that it has increased its stake in Le Coq Sportif (Ningbo) Co. Ltd. (NLCS). NLCS was established by Sugiei and Itochu Textile (China) Co., Ltd. (ITS), a subsidiary of Itochu Corporation, in 2004 to expand the brand’s ...
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News briefsDescente raises forecasts for H1, full year
Descente Ltd., citing a return to a business environment close to conditions before the Covid-19 pandemic, with the exception of some regions, has raised its first half and full-year financial outlooks. First half sales for Descente Japan Ltd. and Descente Korea Ltd. for six months ending Sep. 30 are described ...
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News briefsAnta Sports Products updates first half results
Anta Sports Products, impacted by lower foot traffic and weakened consumer sentiment due to the pandemic resurgence in Mainland China, reported “mid-single-digit” growth in Anta branded product sales for the six months ended June 30. Fila branded sales declined low single digits year-over-year, and first-half sales of all other branded ...
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News briefsDescente sees 12.4% sales gain as profitability improves
Descente, the Japanese sportswear company, saw sales in its financial year ended March 31 increase by 12.4 percent to 108,892 million yen (€815.1m), despite the fourth quarter being marked by new Covid-19 lockdowns in China and sluggish apparel sales due to the warm winter in South Korea. Sales of athletic ...
