Financial insights for the sporting goods industry – Page 13
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ArticleFootwear production in Italy continues to decline
In the first half of 2024, sales for Italian shoemakers were down by 9.1 percent.
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ArticleGolden Goose H1 sales up by 12% driven by DTC
DTC net revenues grew 18 percent to €226.8 million.
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News briefsInditex reports strong profit growth in H1 amid global expansion
The Spanish parent company of several fast fashion brands, including Zara, saw a 10.1% increase in net income and 7.2% sales growth.
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News briefsRidestore’s turnover increased by €44.1 million
Swedish e-retailer Ridestore’s turnover keeps increasing up to €142 million.
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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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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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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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News briefsKlarna cuts losses, adds 68,000 merchants
The payment and shopping platform significantly reduces losses and gains 68,000 new vendors, showing solid financial improvement and growing market presence.
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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 briefsBjörn Borg updates financial targets
The annual sales growth target is raised by 5 percent, the Swedish brand has announced.
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News briefsTemu's parent PDD Holdings warns of slowing growth
Is the giant losing momentum? Although PDD Holdings, owner of online marketplace Temu, has reported rising income, company spokespersons warn about the future.
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C-Suite InterviewNew Wave Group CEO on the company’s US plans and the desire to acquire more sports brands
New Wave Group, proprietor of Craft and Tenson, has started teamwear sales in the US. An interview with CEO Torsten Jansson.
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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.
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ArticleXtep Intl. moving forward with three-prong strategy in China
Saucony and Merrell generated a 72 percent year-over-year increase in sales in H1.
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ArticleSuper Retail Group’s FY net falls by 11 percent
The Australian operator of four retail formats suffered an 11 percent drop in net profit after tax to A$242 million (€146.9m) for the 12 months ended July 1. Annual Ebit was down by 9 percent to A$400 million (€242.2m) for the group, which owns Rebel Sport, BCF, and Macpac. Total ...
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News briefsJD Sports maintains Ebit guidance but cites volatile environment
The UK-based group maintains its annual profit outlook amid global volatility, reporting solid Q2 growth driven by strong European, North American and Asia-Pacific sales.
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News briefsSports category boosts Stella Intl. in H1
The Chinese group received a lift from the sports category in the first half of the financial year.
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ArticleAlibaba upgrades its secondary listing
The Chinese operator of the world’s largest online trading platforms is upgrading its Hong Kong listing to attract Chinese investors from the mainland.
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ArticlePeloton won’t chase unprofitable subscribers as CEO search continues
In Q4 ended June 30, the group reported flat year-over-year revenues at $643.6 million versus $642.1 million.
