Latest Headlines – Page 64
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ArticlePuma expects business headwinds to persist in H1 of 2024
Puma, citing ongoing geopolitical and macroeconomic headwinds and currency fluctuations to continue for at least H1 of 2024, is forecasting mid-single-digit, currency-adjusted sales growth this year and a corresponding operating profit of €620 million to €700 million this year. The predicted Ebit range represents flat to 12.7 percent year-over-year growth ...
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ArticleA bright future for pickleball in Spain?
The head of pickleball for the Catalunya Tennis Club’s Meeting Cup, Lluis Riba, wore a prognosticator’s cap for his recent chat with CMDsport, saying that 2027 will be the year of pickleball in Spain. Like pádel before it, he said, pickleball is in a position to save struggling tennis clubs, ...
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ArticleMoncler: Grinta withdraws from Double R, signs consultation agreement with RPH
Italian luxury outdoor fashion company Moncler S.p.A., on behalf of Double R Srl, Ruffini Partecipazioni Holding Srl (RPH) and Grinta Srl, announced that Grinta, a corporate vehicle of the Rivetti family, has announced its withdrawal from Double R. Double R is a sub-holding company controlled by RPH, a holding company ...
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ArticleFrasers Group boosts board with key appointments
Frasers Group is keeping its foot on the pedal. Now, it has announced new names to its board.
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ArticleGildan results benefit from higher customer replenishment
Canadian sportswear firm Gildan Activewear generated an 8.1 percent increase in Q4 activewear sales to $644.0 million, fueled by higher volumes at point-of-sale and stronger year-over-year customer replenishment. There was a strong sales performance from the fleece and ring-spun T-shirt segments. Overall final period results, including sales of underwear ...
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ArticleAction sports veteran Shaun Neff joins X Games Ownership Group
Entrepreneur and founder of Neff Headwear, Shaun Neff, announced that he has officially joined sports and entertainment brand X Games Ownership Group as an investor and advisor to accelerate the brand’s expansive strategy. In addition to the annual Winter and Summer Games, X Games plans to expand its events and ...
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ArticleSalomon launches third gen of Index recyclable running shoe
Source: Salomon Index.03 The Index.03, the third generation of the fully recyclable running shoe, will be available this spring and, according to Salomon, offers more comfort, performance and style at a more affordable price. The Index.03, which at just 249 grams is 14 grams lighter than its ...
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ArticleIIC reports another successful year
Intersport International (IIC) closed 2023 with retail sales totaling €13.7 billion. This matched the previous year’s record result despite a very challenging business environment. At the end of the calendar year, the Switzerland-based group had a network of 5,381 stores worldwide, an increase of 72 stores compared to the previous ...
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ArticleGlobe spinning in right direction with shift in focus
Globe Intl., bolstered by a shift in key product focus to footwear and apparel, generated improved H1 results that included stronger profitability and cash flow from operations for the six months ended Dec. 31. The Aussie group reported a net profit of A$4.9 million (€3.0m) against a loss of A$0.2 ...
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ArticleGymshark’s annual profit drops despite higher sales
UK-based sportswear company Gymshark, which closed its regional sourcing offices in Hong Kong and Mauritius and restructured its North American team last FY, suffered a 32 percent decline in annual operating profit to £20,087,000 (€23.5m) for the 12 months ended July 31, 2023. Net profit, impacted by a 320 percent ...
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ArticleWolverine makes progress on turnaround but more bumps likely
Wolverine Worldwide’s CEO leads turnaround, aiming for $140M profit gains in 2024. Despite Q4 losses, strides made in inventory and debt.
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ArticleKMD Brands sees soft H1 group sales
All three of KMD’s brands – Rip Curl, Kathmandu and Oboz – suffered a year-over-year sales decline in the first half that ended Jan. 31, with their aggregate revenues projected to be down by 14.5 percent to 469 million New Zealand dollars (€267.3m). Amid ongoing weakness in consumer sentiment during ...
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ArticleUnfair competition: HDE calls for clear rules for Temu & Co
In a time where German companys abide the rules and laws, masses of goods that violate all regulations are entering the German market.
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ArticleWinter sports industry unites for climate action, joins UN Race to Zero campaign
The Winter Sports Sustainability Network (WSN), managed by Peak 63 and the Federation of the European Sporting Goods Industry (FESI), in collaboration with Snowsports Industries America (SIA), announced the establishment of a transformative Climate Pact, bringing together prominent ski, snowboard, binding and boot brands from Europe and the US in ...
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ArticleSpain’s FICE concerned over EU action on payment windows
The Spanish Federation of Footwear Companies (FICE) believes that proposed revisions to the EU’s directive on late payments will only make matter worse for Spain’s footwear companies, which since 2022 have been dealing with a Spanish law called “Create and Grow” (Ley Crea y Crece). This law has limited eligibility ...
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ArticleSales at AFP up 8%, though short of expectations
All for Padel (AFP) – the racquet company within AFP Group, which holds the Adidas license to design, manufacture and commercialize pádel racquets, accessories and courts – had been hoping to generate €34 million in sales for 2023. However, this target was revised down to €31 million in September, and ...
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ArticleBalena & For Ever forge circular future for footwear
Balena’s collaboration with For Ever, one of the world’s largest outsole makers, marks a significant stride toward circularity in the footwear industry. The groundbreaking partnership, set to be unveiled at Lineapelle-Italy on February 20th, signals a pivotal moment in sustainable shoe manufacturing.
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ArticleDecathlon’s Kenyan running project, and some others
Decathlon has opened a training center for distance runners. Located in Iten, Kenya, with a rooftop view of the Rift Valley, the center consists of a 500-square-meter main building, with 11 bedrooms of 25 square meters each, a gym and a refectory. It is built to lodge 22 runners at ...
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ArticleAbsolute Run Kaufmann opens in Heilbronn
Absolute Run Kaufmann will open in Heilbronn, Germany, on Feb. 22, 2024. Behind the freshly converted store are Sport 2000 GmbH and partner Schuhhaus Kaufmann. The store in the city center, with 200 sqm of retail space, is the first Absolute Run store in the state of Baden-Württemberg. The Managing ...
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ArticleEOC launches Collective Progress Initiative, aiming to achieve net zero by 2050
With the launch of the Collective Progress Initiative, Elevate Outdoor Collective’s (EOC) global brands – K2 Skis, K2 Snowboarding, Marker, Dalbello, Völkl, Ride Snowboards, Line Skis, Backcountry Access, Atlas Snow Shoe Co, Tubbs Snowshoes, Madshus and K2 Skates – are working hand-in-hand to eliminate waste and maximize the recyclability and ...
