Latest Headlines – Page 137
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ArticleSlinger Bag raises new funding to become a major connected sports firm
Slinger Bag, the recently founded supplier of portable tennis ball launchers, reports an oversubscribed round of financing through a private placement of $11 million, giving it a valuation of around $220 million. The new fudning is intended to support its vision to become “a leading connected sports company” with key ...
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ArticleDiversifying into a “one-stop sport shop,” Fanatics is valued at $18 bn in new funding
Fanatics has raised $325 million in a new round of funding that gave it a valuation of $18 billion. The previous round, which took place in March, brought in $350 million and raised the American company’s valuation to $12.8 billion. Fanatics had enjoyed a 20 percent rise in annual revenues ...
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ArticleVulcabras’ sales growth accelerates in Q2, driven by athletic footwear
Vulcabras, the Brazilian footwear company that owns Olympikus and has licenses with Mizuno and Under Armour, saw sales growth accelerate in the second quarter of 2021, despite continued headwinds tied to the Covid-19 pandemic. Its revenues soared by 304.7 percent on the year earlier to 399.4 million Brazilian reais (€65.6m-$77.0m), ...
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ArticleMizuno’s Q1 sales rise 49.6%, nearly doubling in EMEA
Mizuno Corp. reported revenues of ¥42.9 billion (€331.1m-$387.9m) in the first quarter of its financial year, ended June 30, an increase of 49.6 percent on the year earlier as the company’s business recovered after taking a hit due to the Covid-19 pandemic. Golf clubs and running shoes showed strong growth, ...
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Alpargatas’ Q2 sales jump 71%
Alpargatas, the parent company of Havaianas and Osklen, reported revenues from continuing operations of 1,095 million Brazilian reais (€177.8m-$209.2m) in the second quarter, up by 71.4 percent on the year earlier and 46 percent higher than the second quarter of 2019, led by growth in international markets, the continued expansion ...
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ArticleNautilus’ sales jump 62%, but chip shortage looms
Nautilus, which recently moved the end of its fiscal year to March 31, reported sales of $184.6 million in the first quarter ended June 30, up by 61.7 percent on the year earlier, as sales growth was driven by continued demand for connected fitness bikes and treadmills and “robust” sales ...
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ArticleCallaway’s sales are boosted by Topgolf and a strong golf market
Thanks in part to the addition for the first time of Topgolf, whose revenues nearly doubled, the revenues of Callaway Golf surged by 208 percent to $914 million in the second quarter ended June 30 as compared to a year earlier, when Covid-19 restrictions and shutdowns had a significant impact. ...
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ArticleMore details on consumer integration at ISPO Munich
After providing some initial information about ISPO Munich’s new concept in passing during a webinar in July – including plans to partially open the show to consumers – Messe München finally gave more details about the event, set for Jan. 23-26, 2022, in an official press release. The new ...
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ArticleDiving turns around at Johnson Outdoors
Johnson Outdoors reported a rise in third-quarter sales and profits, driven by a continued recovery in fishing, camping and water recreation. At the same time, diving showed signs of a turnaround as Covid-19 travel restrictions were further eased. The diving segment’s revenues almost doubled from a year ago, rising ...
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ArticleAmer names Fogliato as Salomon’s president and CEO
Amer Sports has found a new and experienced executive with an excellent background in the sporting goods industry, Franco Fogliato, to head up Salomon as president and CEO. He will take on the responsibily by March 15, 2022, at the latest. Columbia Sportswear announced a few days ago that Fogliato ...
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Champion grows by 120%
Hanesbrands has reported a drop in net income to $128.7 million for the second quarter ended July 3 from $161.2 million in the year-ago period, largely due to charges of $43.8 million related to the divestiture of its European Innerwear business. On an adjusted basis, income from continuing operation rose ...
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ArticleIntersport grows by 32.2% in Q2
The Intersport banner enjoyed a strong recovery in the second quarter on a global basis. Intersport International Corp. reports a 32.2 percent overall increase in the retail members’ sales during the second quarter of 2021, achieving an almost similar level as in the second quarter of 2019. The strong growth ...
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NPD: Double-digit growth in Europe in H1
After rising by only 2 percent in the first quarter, the consumption of sports apparel and footwear jumped by 30 percent in the second quarter and by 15.5 percent in the first six months of 2021 in the five main European countries – Germany, France, Italy, Spain and the U.K. ...
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Acushnet’s Q2 sales soar by 108%
Acushnet Holdings reported sales of $624.9 million in the second year, up by a reported 108.3 percent on the year earlier and 99.9 percent higher in constant-currency terms, as the company racked up another “terrific” quarter and outpaced its guidance of a 70 to 80 percent rise in its top ...
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GoPro posts 86% revenue growth in Q2, with sales up in all regions
GoPro saw revenues increase by 86 percent to $250 million in the second quarter ended June 30, up from $134 million in the second quarter of 2020. The number of GoPro subscribers jumped by 211 percent to 1,160,000, and the company expects to exceed 1.7 million subscribers by the end ...
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Sports Direct’s parent sees sales fall, new Covid restrictions likely
Frasers Group – the parent company of Sports Direct and other retail chains – reported mixed results as sales declined in all its segments except Premium Lifestyle for the fiscal year ended April 25, noting that it was marked by about six months of temporary closures for virtually all its ...
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Ashley passing CEO role at Frasers to his daughter’s fiancée
Michael James Wallace Ashley, who founded the company now called Frasers Group in 1982 and owns 64 percent of its shares, is planning to hand over the position of CEO to Michael Murray on May 1, 2022, after the end of the company’s current financial year. A statement from the ...
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ArticleAdidas takes hit in China but raises guidance after a strong Q2
Adidas raised its guidance for full-year sales and earnings as revenue growth continued to accelerate in the second quarter despite the impact of Covid-19 lockdowns in the Asia-Pacific region, industry-wide supply chain challenges and the geopolitical situation. The more optimistic view came even though the company’s sales in China took ...
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Zalando posts strong double-digit sales growth in Q2
Zalando posted group revenues of €2,733.1 million in the second quarter, up by 34 percent from the second quarter of 2020. The gross merchandise value (GMV) jumped by 40 percent to €3.8 billion. GMV is the value of all merchandise sold to customers after cancellations and returns and including VAT. ...
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ArticleAlibaba’s revenues rise by 34% but miss expectations
The Alibaba Group posted revenues of 205.7 billion yuan renmimbi (€26.9bn-$31.9bn) in the first quarter of its financial year, ended June 30, an increase of 34 percent on the year earlier but below analyst expectations of a top line of at least RMB 209 billion (€27.3bn-$32.3bn) and lower than the ...
