More Headlines – Page 49
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ArticleAmazon losing country chief for India
Manish Tiwary is seeking a new opportunity outside the company, but will remain in his position until October. A successor has not yet been appointed.
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ArticleUnder Armour begins rebuilding its ‘House’ amid Q1 loss
With former, longtime Adidas senior executive Eric Liedtke in the fold as EVP of Brand Strategy and the beginnings of $70 to $90 million restructuring underway, Under Armour reported a net loss of $305 million against a profit of $10 million in Q1 ended June 30. Some $274 million in ...
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ArticleAlpargatas turns Q2 profit but sales in Europe sag
The Havaianas parent reported Ebitda of R$69.2 million (€11.3m) versus $6.8 million for the period ended June 30.
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ArticleHanesbrands taking a new direction sans Champion
Hanesbrands, which reached an agreement to divest its global Champion business and exited its U.S. outlet store network in July, is moving forward with a more focused, simplified business structure focused on the remaining brands in its portfolio. In H2, the company will pay down approximately $1 billion in ...
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ArticleTopgolf Callaway explores strategic options and lowers FY outlook
The golf group Topgolf Callaway´s Q2 revenues slipped by 1.9 percent to $1.16 billion from $1.18 billion, negatively impacted by a reported 8.2 percent drop in Golf Equipment sales.
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ArticleGoPro plans cost cuts to achieve profitability by 2025
Despite a challenging H1, the action cam company aims for profitability in 2025 through cost reductions and diversification. Q2 saw a 23% revenue decline but growth in subscriptions.
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ArticleGolf balls and the US drive Acushnet in Q2
For the Titleist and FootJoy parent, net income declined by 4.3 percent to $71.4 million from $74.7 million, but gross margin improved by 90 basis points.
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ArticleSweden's largest chain of running stores reports record Q2
Löplabbet increased its turnover by 31% in the first half of 2024. SGI Europe spoke to COO Stellan Kinell.
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ArticlePuma leaps up 2.1% in sales Q2
Puma recorded a strong Q2 with slight sales growth. One highlight was the Americas region, with sales rising 9.0% (currency-adjusted) to €887.5 million.
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ArticleVF Corp. optimistic that EMEA will spearhead Vans’ turnaround
Based on the latest results, the group firmly believes that its flagging Vans segment will recover.
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ArticleGlobal footwear production fell 6% in 2023
Nearly nine out of every ten pairs were made in Asia, while large disparities in consumption persist between emerging economies and developed regions.
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ArticleZalando's Q2 result powered by sports
Zalando shows improved profitability in the second quarter of 2024.
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ArticleISPO Munich 2024: For the sports industry that loves every contact
Unlock the power of meaningful connections at ISPO Munich 2024. Exhibit in December in Munich.
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ArticleDescente Q1 operating profit slips on higher costs
Higher brand sales and favorable currency impacts led to a 1.2% revenue rise to 27,482m Japanese Yen in Q1, despite a drop in operating income.
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ArticleGildan sales outside North America rise by 7% in Q2
Gildan reported a 41 percent increase in Q2 operating income to $195.5 million versus $138.7 million for the period ended June 30.
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ArticleHow to turn sports passion into movement
The sports world must confront reality: there is very limited data that suggests major sporting events significantly boost long-term sports participation.
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ArticleA search alternative through Chinese B2B AI?
Alibaba is about to introduce a conversational sourcing engine.
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ArticleWorld stages for pickleball
Pickleball League Asia, backed by The Times Group, has launched international rankings, tours and championships for pickleball. Led by Ashish and Aditya Khanna from Delhi, it aims to unify the sport globally, with significant involvement from US entities like USA Pickleball and the APP Tour.
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ArticleAllbirds partners with Belle Fashion Group to expand presence in China, Macau and Taiwan
Allbirds has announced a groundbreaking partnership to expand its footprint in the Asian market.
