News briefs – Page 11
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News briefs
Northwave's sales up 34% for 2021
Northwave, the Italian specialist in cycling and snowboarding footwear and accessories, exceeded its expectations for 2021, posting a 34 percent rise in revenues to €35.6 million. Export sales topped 85 percent, the main foreign markets being Germany, Italy, Spain and France. Management is looking to countries outside Europe for future ...
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News briefsDeporvillage’s 11-year growth streak ends
In January, when we last checked in with the Spanish multichannel sports e-tailer, Deporvillage had wrapped up an 11th consecutive year of growth. Annual revenues for 2021 were up year-on-year by 40 percent. Things have now changed. Sales for the first and now the second quarter have been flat with ...
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News briefs
361 Degrees e-commerce sales rose 40 to 45 percent in H1
E-commerce was the strongest-performing segment for 361° Degrees during its first half, with sales up by 40 to 45 percent. Overall the Chinese company posted an increase in brand sales in the “mid-teens” during H1, as sales of 361° Kids brand products rose by only 20 to 25 percent. In ...
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News briefs
Sprinter eked out a rise in sales over 2021
Sprinter generated €399.9 million in sales over its financial year 2021, according to Diffusion Sport. The period ran through Jan. 31 of last year, and therefore includes the worst of the lockdowns. Although e-commerce sufficed under these conditions to produce a revenue increase of 0.6 percent, net profit was down ...
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News briefs361 Degrees Q2 sales increase
Group retail sales for the core 361° brand rose in the low teens year-over-year in the second quarter with revenues from the separate 361° Kids Brand segment improving 20 to 25 percent. Meanwhile, the company’s e-commerce sales jumped 40 percent year-over-year during the period. During the first half of 2022, ...
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News briefsFootway reports loss in Q2
According to an article in Swedish trade publication ehandel.se, e-commerce company Footway Group closed its second quarter with a loss of nearly SEK 27 million (€2.54m). The company’s sales also fell by SEK 100 million from SEK 387 million last year to SEK 282 million (€26.57m) in the second quarter ...
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News briefsKMD Brands updates annual guidance
KMD Brands, formerly Kathmandu Holdings, is now forecasting total annual sales of NZ$955 to NZ$965 million (€580.7m to €586.8m) for the 12 months ending July 31 after a record performance during a winter promotional period for its Kathmandu retail operation. FY22 Ebitda, excluding one-off, non-cash items, including government subsidies, is ...
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News briefsYue Yuen H1, June sales dragged down by retail subsidiary
Yue Yuen’s sales performance for June and the first half of 2022 was negatively impacted by results from its retail subsidiary in China, Pou Sheng International. Yue Yuen’s net consolidated first-half revenues are down 2.0 percent to $4,709,796,000 from $4,807,112,000 for the six months ended June 30. The results included ...
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News briefsAnta Sports Products updates first half results
Anta Sports Products, impacted by lower foot traffic and weakened consumer sentiment due to the pandemic resurgence in Mainland China, reported “mid-single-digit” growth in Anta branded product sales for the six months ended June 30. Fila branded sales declined low single digits year-over-year, and first-half sales of all other branded ...
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News briefsBH Fitness posts double-digit growth in the professional channel
Exercycle, the company behind Spanish fitness equipment company BH Fitness, saw global sales in the professional channel increase by 20 percent in the first half of 2022 compared to the first half of last year, CMD Sport reported. The company would normally expect sales in the professional channel to account ...
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News briefsPou Sheng Intl. sales fall nearly 25% in H1
Pou Sheng Intl., the subsidiary of Yue Yuen, realized a 24.6 percent decline in accumulated operating revenue to 9,864,815,000 yuan renminbi (€1.45b) from RMB 13,074,740,000 for the six months ended June 30. June revenues at Pou Sheng declined 14.7 percent in local currency to RMB 1,651,214,000 (€242.3m).
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News briefsBosideng makes strong gain in down apparel sales
Bosideng reported a 21 percent increase in annual profit to 2.06 yuan renminbi (€294.7m) for the 12 months ended March 31 as total revenues grew by 20 percent to 16.2 billion RMB (€2.32b). Annual operating profit inched 1.5 percent higher to 2.57 billion RMB as gross margin came in at ...
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News briefsZalando revises full year outlook due to macroeconomic challenges
Zalando has issued an update for Q2 2022 and revised its guidance for the financial year 2022 due to a further deterioration in macroeconomic conditions during the second quarter, with the EU consumer confidence index decreasing further in June, the company said. The Berlin-based online platform for fashion and lifestyle ...
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News briefsMunich posts 29% increase in annual sales, with exports growing double-digit
Munich, the Spanish company and brand specializing in sports and fashion shoes, reached record revenues of €52.6 million in 2021, marking a 28.71 percent increase compared to the previous year. Exports jumped by 28 percent to €6 million, primarily driven by Europe. Sales in Spain, its primary market, increased by ...
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News briefsXXL braces for difficult second quarter
Norwegian-based XXL ASA, Scandinavia´s largest sport & outdoor retailer with nearly 100 stores and international web stores, cites weakening consumer sentiment and lower current demand for sporting goods in pre-announcing expected results for its second quarter. Ebitda is forecast to decline by nearly 48 percent to a range of NOK ...
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News briefsPou Sheng reports sales decline in May
Pou Sheng International, the distribution and retail subsidiary of Yue Yuen, reported a 19.1 percent constant currency, year-over-year sales decline in May to 1.53 billion yuan renminbi (€213.8m) from RMB 1.89 billion. For the five months ended May 31, Pou Sheng’s consolidated operating revenues were down 26.3 percent to RMB ...
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News briefs
Adidas taken out of Stoxx Europe 50
Due to its share price losses by market capitalization in recent months, Adidas shares are expelled from the Stoxx Europe 50 index. According to the so-called “fast entry rule,” the sporting goods company will be replaced by Swiss raw materials and mining group Glencore as of June 20. Adidas’ stock ...
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News briefsUnder Armour to be dropped from S&P 500 Index
Under Armour will be moved from the S&P 500 Index to the S&P Midcap 400 Index, effective June 21, according to a statement from S&P Dow Jones, after the company struggled with disappointing quarterly results in recent weeks. The U.S. sportswear brand had been included in the S&P 500 since ...
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News briefsRocky Brands completes cost savings review
Rocky Brands will close the Boston office it obtained with the acquisition of Honeywell International’s lifestyle footwear business that includes the Xtratuf and Muck brands, and cut its non-manufacturing headcount by approximately 13 percent. The actions are expected to result in $3.0-$4.0 million in annualized savings for the company that ...
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News briefs
S&P revises outlook for Wolverine Worldwide
S&P Global has revised its outlook on Wolverine Worldwide to negative but maintains its BB rating on the issuer credit rating. Wolverine ended the first quarter with a debt-to-equity ratio of 5.2x due to last year’s acquisition of Sweaty Betty, a $30 million settlement related to PFAS contamination at a ...
