Latest News
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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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Nike publishes FY 2022 Impact Report
Nike has released its annual impact report, which provides an overview of the brand’s progress in achieving its goals across the three pillars of people, planet and play. In the report, there is a particular focus set on diversity and inclusion. The company has exceeded its goal for women in ...
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Analysis: Taking stock of sporting goods inventory levels
Our exclusive analysis of the inventory levels of some of the industry’s biggest brands, including how some are responding to the challenges
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Nike’s gross margin takes hit on further inventory liquidations
Nike senior executives, citing persistent efforts to reduce excess inventory and a prior decision to sharply reduce buys for the spring and summer 2023 seasons, insist the company is positioned to begin its next financial year on June 1 in a healthy merchandise position. “We’re increasingly confident that we’re going ...
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Anta’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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Russia has seen sharp decline in sporting goods sales in 2022, new survey shows
After the departure of the key foreign brands, including Nike, Adidas, Reebok and Decathlon, from the country, Russian sporting goods experienced a 40 percent drop in sales in monetary terms in 2022 compared with the previous year, a survey conducted by Tinkoff Data, a consulting branch of a local privately-owned ...
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Final Arbitration Judgements may not always be final
Our legal expert explains a new ruling from Germany that may affect dispute resolutions, especially where a market leader is involved.
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Yue Yuen delivers solid FY results, but warns about gathering headwinds
Bolstered by its manufacturing segment, Yue Yuen reported a 158 percent increase in annual operating income to $416.8 million in FY22 on a 5 percent revenue expansion to $8.97 billion from $8.53 billion. Net income grew by 106 percent to $293.2 million as the annual gross margin dropped slightly to ...
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Adidas faces transition year; results suffer from Yeezy, challenging China
Adidas unveils its turnaround plan after 2022 figures suffer from the termination of its Yeezy partnership and a challenging Chinese market
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Grupo SBF’s star segment in FY22 is Fisia
Grupo SBF, the operator of Brazil’s top sporting goods chain in Centauro that became the country’s exclusive distributor of Nike in Dec. 2020, reported a 16 percent decline in Q4 adjusted Ebitda to 226.6 million Brazilian reais (€42.3m) for the period ended Dec. 31. Gross margin fell to 47.6 percent ...
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Vulcabras’ momentum in athletic footwear persists
Vulcabras’ Ebitda increased by 47 percent to 176.6 million Brazilian reais (€40.0m) in the final period of FY22. Gross margin improved by 220 basis points to 38.3 percent from 36.1 percent as net income came in at R$214.3 million (€40.0m). Quarterly net revenues were 19.2 percent higher year-over-year to ...
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Puma CEO Arne Freundt: “We are hungry”
Alongside Puma’s positive 2022 figures, we bring you CEO Arne Freundt’s renewed strategy for growth, as told at Puma HQ on March 1, 2023
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Nike tops global retailers list among sports retailers
Nike Inc./Nike Direct is the largest sports retailer in the world, according to the “Global Powers of Retailing 2023” report, which Deloitte has just released. Decathlon takes the 2nd spot, followed by Dick’s, JD Sports and Adidas, to complete the Top 5 in the sports retailing sub-category. ...
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Etsy accused of 'knowingly' allowing sales of counterfeit product
In a report published on Feb. 16, 2023, online stock commentary website Citron Research claims to have exposed the “dirty secrets” of Etsy, the New York-based online marketplace for buying and selling handmade and other products, founded in 2005, and its failure to shut down the sale of counterfeit goods, ...
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Brands provide earthquake relief for Turkey and Syria
9,210 apparel, footwear and textile manufacturers were located around the epicenter of the 7.8 and 7.7-magnitude earthquakes, which caused widespread damage across Turkey and northern Syria when they hit during the night of Feb. 6, 2023, according to the Business & Human Rights Resource Centre. Many retailers have already committed ...
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Adidas braces for a hard year ahead after a difficult 2022
In a press release on Feb. 9, Adidas warn of considerably lower revenues in 2023. If Adidas decides not to repurpose Yeezy prduct, 2023 could see an operating loss as low as €700 million.
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Under Armour reports improved results, EMEA shines
With new President and CEO Stephanie Linnartz slated to begin her Under Armour career at month’s end, the company reported stronger third-quarter results for the period ended Dec. 31. Operating income increased by 9.9 percent to $94.7 million from $86.1 million as Ebit expanded by 37 percent to $140.4 million. ...
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VF Corp. takes action to improve performance, divesting pack brands
VF Corp. is vowing to take all necessary actions to improve its operating performance heading into its FY24
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Columbia eyes 3% to 6% sales growth in FY23, EMEA strong in FY22
After navigating supply-chain issues and product-delivery delays in 2022, Columbia Sportswear is intent on reducing its inventory level to be more in line with demand and generating 3 to 6 percent revenue growth this year in the range of $3.57 to $3.67 billion. The group is also eyeing an annual ...
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Under Armour announces two new board members
Under Armour will be appointing Carolyn Everson and Patrick Whitesell to its board of directors on Feb. 1. In addition, the Baltimore-based sportswear firm has announced that longtime board member Harvey Sanders, who has served on the board since November 2004 and is currently chair of the Human Capital and ...
