Latest Headlines – Page 108
-
ArticleJohnson to retire as chairman and CEO of Foot Locker
Source: Retail Industry Leaders Association (RILA) Mary N. Dillon Foot Locker, Inc., the New York-based specialty athletic retailer, announced that, as part of a planned succession process, Richard A. Johnson will retire as president and CEO, effective Sep. 1, 2022. Mary N. Dillon, former executive chair and ...
-
ArticleBjörn Borg’s sales are down but own e-commerce posts strong growth
Group net sales from Swedish firm Björn Borg amounted to 161.5 million Swedish kronor (€15.2 million) in the quarter ended June 30, a decrease of 0.8 percent compared to the second quarter of last year. Adjusted for currency effects, revenues decreased by 4.2 percent. The sales decline was mainly attributed ...
-
Article“This is bullshit”: Burton objects to article hinting at sale of company
Bloomberg News published an article speculating about a possible sale of Burton, without disclosing any details on the source or the potential buyer’s identities. According to Bloomberg, “the Burlington, Vermont-based company is working with an adviser on the potential sale, the people said, asking not to be identified discussing confidential ...
-
ArticleSuper Retail Group posts strong H2 comps
Super Retail Group (SRG), the Australian company that owns the Rebel Sport, Boating Camping Fishing (BCF) and Macpac retail chains, posted 2.8 percent annual sales growth to 3,550.9 million Australian dollars (€2,285m) for the 53 weeks ended July 2. Comparable store sales increased by 5.0 percent in H2, aided by ...
-
ArticleNew Wave’s Sports & Leisure segment sees 53% sales growth in Q2
The Swedish-based New Wave Group, which owns sports brands like Craft and Cutter & Back and distributes several others, saw total sales in the second quarter ended June 2022 rise by 36 percent to 2,019 million Swedish kronor (€191.0m), with growth led by the rise in the top line of ...
-
ArticleWomen’s football in Europe to grow sixfold in commercial value by 2033
UEFA has launched a new report highlighting the potential for growth in the European women’s club and league game over the next decade. According to the report titled The Business Case for Women’s Football, women’s football could see a six-fold increase in its commercial value over the next decade, reaching ...
-
ArticleSigna Sports United results impacted by continued bike woes
Signa Sports United’s third-quarter results were negatively impacted by deteriorating consumer sentiment and persistent supply chain issues for its bike and e-bike business. The Berlin, Germany company adapted operations in the wake of heightened inflationary pressures and a worsening geopolitical landscape in its core European markets. The adjusted Ebitda ...
-
ArticleLi Ning gets double-digit H1 sales gains from running, basketball
Operating profit (Ebit) at Li Ning Company increased 4.1 percent to 2,643 million yuan renminbi (€375.3m) for the six months ended June 30 as total revenues rose 21.7 percent to RMB 12,409 million (€1.76b). The six-month gross margin slipped to 50.0 percent from 55.9 percent. The H1 net profit attributable ...
-
ArticleISPO Shanghai in Nanjing with record attendance
The latest edition of ISPO Shanghai, which was held in Nanjing due to the pandemic, welcomed 20,089 industry visitors, compared to about 19,000 in 2021 (+6%) and 17,800 in 2020. The event featured 342 brands from 210 exhibiting companies and took place at the Nanjing International Exhibition Center (NIEC) on ...
-
ArticleFila’s Q1 revenues boosted by Acushnet, royalty income
Fila Holdings group revenues rose 15.0 percent (+4.3% currency neutral) to a quarterly record high of 1,171,903 million Korean won (€820.3m) in the second quarter ended June 30. More than 18 percent revenue growth at Acushnet to KRW 828,977 million (€580.3m) fueled by solid demand in North America and a ...
-
ArticleOn Holding AG keeps rolling on, raises FY guidance again
On Holding AG does not see its momentum with consumers worldwide slowing down, but it will slow hiring and reduce travel for the remainder of 2022, given current macroeconomic conditions. In raising its full-year outlook for the second time since early May, the Swiss company continues to strategize for “durable ...
-
ArticleCanada Goose revenues rise 24 percent in seasonally small quarter
Canada Goose, confirming it has not seen any signs of slowing demand for its products, reported 24.2 percent revenue growth to 69.9 million Canadian dollars (€51.4m) from C$56.3 million in its first quarter. The Q1 operating loss widened by nearly 31 percent to C$80.7 million (€59.4m) from C$61.8 million, but ...
-
ArticleHanesbrands remains committed to Champion despite difficult quarter
Despite a challenging second quarter for the business, Hanesbrands continues to make global investments and possesses high aspirations for Champion activewear. Facing a difficult comparison, Champion, a significant part of the group’s activewear segment, posted a 25 percent sales decline. Overall, the group’s activewear segment suffered a 44 percent decline ...
-
Article
Silver Lake to acquire Diamond Baseball Holdings
Endeavor Group Holdings has entered into a definitive agreement to sell Diamond Baseball Holdings (DBH), owner of ten Minor League clubs affiliated with six Major League Baseball (MLB) clubs: the Chicago Cubs, New York Yankees, San Jose Giants, San Francisco Giants, Atlanta Braves and Los Angeles Dodgers. The buyer is ...
-
ArticleYue Yuen H1 profits dragged down by Pou Sheng
Yue Yuen reported a 2.8 percent increase in first-half net income of $175.0 million versus $170.3 million for the six months ended June 30. Six-month revenues fell by 2.0 percent to $4,709,792,000 from $4,807,087,000, however, manufacturing segment sales were up by 14.4 percent to $3.19 billion. Ebit declined 17.7 percent ...
-
ArticleAsics Corp. H1 sales bolstered by running, hikes FY outlook
Asics Corp. reported a 9.8 percent increase in first half attributable net income to 13,562 million yen (€97.6m) from ¥12,350 million, fueled by a 13.5 percent gain in performance running shoe sales to ¥123,284 million (€887.6m) that included strong category increases in nearly all global regions. Operating income slipped 20 ...
-
ArticleBrooks Running posts 11 percent increase in Q2 global revenue
Brooks Running, a Berkshire Hathaway firm, recorded 38 percent sales growth in the EMEA in Q2 and a 12 percent increase in the U.S. to keep the company on track for double-digit revenue growth in 2022. During the period, the brand initiated a soft launch in China that focused on ...
-
ArticleTenson sells ColourWear to Swedish Active Brands Group
Sweden-based Active Brands Group Scandinavia AB (not to be confused with Oslo, Norway-based Active Brands AS) announced the acquisition of ColourWear from Tenson, expanding its product portfolio in the board and ski apparel market and strengthening its position as a global distributor of consumer, health and sports brands. ColourWear was ...
-
ArticleNautilus maintains H2 outlook despite tough Q1
Nautilus Inc. is maintaining its expectations for the second half of its financial year, which include positive adjusted Ebitda and 60 to 70 percent of its annual revenues fueled by advertising support – after reporting dismal results in its seasonally slow first quarter. Impacted by a nearly $27 million ...
-
ArticleWolverine outperforms in Q2, but lowers FY forecast
Wolverine Worldwide, concerned about inventory escalation in various U.S. retail channels and the likelihood of higher wholesale order cancellations in the market for the remainder of the year, has lowered its FY22 outlook downward. Lingering supply chain delays and currency exchange rates also contributed to the revision. The adjustment was ...
