News briefs – Page 3

  • amazon-logo
    News briefs

    Amazon posts 13% sales increase and more than triples net income in Q3


    Amazon posted net sales of $143.1 billion in the third quarter ended Sept. 30, 2023, representing an increase of 13 percent compared with Q3 2022. Excluding the $1.4 billion favorable impact from year-over-year changes in foreign exchange rates throughout the quarter, the sales increase was 11 percent. International sales increased ...

  • Compass-Diversified
    News briefs

    CoDi’s divestiture of Marucci will benefit the company


    Compass Diversified’s decision to divest its Marucci Sports business to Fox Factory for $572 million after purchasing the brand for $200 million in 2020 will help the company reduce its cost of capital and give it “greater ability to increase shareholder returns,” it said in a statement. In Q3 ...

  • Brooks_Sports_201x_logo-2
    News briefs

    Brooks Running global sales up 5% year-to-date, holds top spot in US run channel


    Brooks Running’s year-to-date global revenues are up 5 percent and 7 percent higher year-over-year in the US as the Seattle-based company has reached new runners, recovered from Covid-19-related supply chain disruptions, and normalized inventory levels. Year-to-date sales for the brand in France and the UK combined are up 22 percent, ...

  • Li-Ning_logo.svgz
    News briefs

    Li Ning updates Q3 results


    Retail sell-throughs for Li Ning, excluding the group’s Li-Ning Young business, increased by mid-single-digits year-over-year in Q3. Retail/wholesale (offline channel) sales rose by high single digits; direct sales improved by the “low twenties,” wholesale franchised distributor sales inched up by a low single digit, and e-commerce sales slipped by a ...

  • polygiene_logo_general_formindfulliving_horisontal_rgb_pos_670869
    News briefs

    Polygiene reports Q3 operating loss on lower sales


    Despite a 30 percent decline in third-quarter revenues to 28.7 million Swedish kroner (€2.4m) and a corresponding operating loss of SEK 2.4 million, Polygiene is optimistic about Q4 results as early orders have exceeded expectations. The group, which said Q3 results showed signs of a slow recovery, has shifted its ...

  • Topsports Logo
    News briefs

    Topsports Intl. turns higher sales, profits in H1


    Chinese sportswear retailer Topsports Intl., which works with 14 leading sports brands including Nike and Adidas, reported a 16.7 percent increase in H1 profit attributable to shareholders to 1,337.20 million yuan renminbi (€173.0m) for the six months ended Aug. 31. Six-month operating profit improved by 9.2 percent to RMB 1,725.9 ...

  • adidas logo mountain
    News briefs

    Adidas raises FY guidance on stronger core, Yeezy sales in Q3


    In releasing preliminary Q3 results, Adidas updated its full-year guidance. The company – citing the impact of Yeezy sales efforts in Q2 and Q3; €200 million in one-time costs related to a strategic review; and a potential write-off of €300 million for remaining Yeezy merchandise that represents a 25 percent ...

  • Logo 361
    News briefs

    361° retail sales rise 30 percent in Q3


    The Chinese company 361 Degrees Intl., which launched its Soaring Clouds skateboarding shoes during the period, reported a 15 percent increase in 361° core branded products and 25 to 30 percent sales growth for 361° kids’ products during the quarter ended Sept. 30. Overall, 361° e-commerce sales improved by 30 ...

  • Xtep_company_logo
    News briefs

    Xtep Intl. releases Q3 update


    Retail sell-through for the Chinese company’s core Xtep brand, including online and in-store sales, rose by high teens year over year. Meanwhile, the company said there was a 25 to 30 percent discount level during the three months ended Sept. 30 with an inventory turnover level of 4.5 to 5.0 ...

  • Footway
    News briefs

    Footway’s sales fall, losses widen in Q3


    Swedish Footway Group AB, the operator of specialized online stores, which has been undergoing restructuring since July 25 this year, has presented its latest figures for the third quarter of the current fiscal year. Sales amounted to 136 million Swedish kroner (€11.77m) compared to SEK 261.6 million (€22.63m) in the ...

  • Anta
    News briefs

    Anta Sports provides Q3 operational update


    The Chinese company Anta Sports disclosed some details on its Q3 results for its brands except for its joint venture ownership of Amer Sports Corp. Anta brand sales rose by high-single digits during the period ended Sep. 30. Meanwhile, year-over-year Fila brand sales increased by a low-teens percentage. Retail sales ...

  • Ridestore Logo
    News briefs

    Ridestore breaks billion SEK mark


    According to a report on, Gothenburg-based e-tailer Ridestore will close the 2022/2023 fiscal year, which runs until the end of March, stronger than ever, already reporting net sales of 1.16 billion Swedish kroner (€99.91m). Operating profit is SEK 353.2 million (€30.42m). The company says the strong Euro had a ...

  • Le Coq Sportif
    News briefs

    Le Coq Sportif sees sales momentum, earnings recovery in H2


    Le Coq Sportif said it is seeing sales momentum and expects to see earnings recover in the second half of the year after its top line disappointed, and losses widened in the first half. The brand reported sales of €63.2 million in the first six months of 2023, down by ...

  • Amer_Sports_Logo.svgz
    News briefs

    Amer recovers in Spain


    After two years of dips, Amer Sports Spain seems to have inverted the curve in 2022, falling just shy of the €60 million or so in revenues it was generating before the lockdowns came into force. According to the VAT-free figures that CMDsport has gathered from Spain’s commercial register, the ...

  • Deporvillage
    News briefs

    Formerly pure e-tailer predicts a record year


    Deporvillage appears to have returned to double-digit growth in revenues and has accordingly raised its revenue forecast for the current year from €163 to €170 million, according to Modaes and Palco23. Should the crystal ball prove accurate, the retailer will surpass the record year of 2021 with its late-Covid euphoria. ...

  • Inditex_logo_black.svgz
    News briefs

    Inditex gets an H1 boost


    Inditex improved its profitability by 40.1 percent in the first half of the year, which ended on July 31. According to Diffusion Sport, the Galician textiles firm’s net income amounted to €2.513 billion on revenues of €16.851 billion – themselves up 13.5 percent. Sales were up on- and offline and ...

  • golden-goose-logo-directory
    News briefs

    Golden Goose posts 21% sales growth in H1


    Italian luxury sneaker brand Golden Goose saw its revenues reach €276.4 million in the first half of 2023, representing a 21 percent increase from the same period in 2022 and a 65 percent jump from the first half of 2021. Sales grew double-digit in all the main markets. Sales were ...

  • Xponential_Fitness_Logo
    News briefs

    Xponential Fitness signs deal with Gympass, cites 3-year operating targets


    The largest global franchisor of boutique fitness brands has issued new operating targets for 2026 that include systemwide sales of $2.33 billion, revenues of $405 million and adjusted Ebitda of $190.0 million as it opens 500 new studios. Xponential Fitness, which generated a 9 percent increase in Q2 net profit ...

  • Sprinter
    News briefs

    Banner FY 2022 at Sprinter


    Sprinter’s sales for full-year 2022 exceeded €519 million, for a year-on-year increase of 30 percent, while net profit almost doubled, rising from €18.3 to €34.1 million – all according to Diffusion Sport. The chain also upped its store count in Spain by about 30 to a total of 205. It ...

  • Globe Logo
    News briefs

    Hardgoods drag down Globe Intl.’s FY revenues


    Globe International total sales fell by 15 percent (-17% in constant currency) to A$234.34 million (€139.0m) for the FY ended June 30. Excluding hardgoods, annual revenues rose by 2 percent in constant currency. Ebit declined by 83 percent to A$4.62 million (€2.74m) or 2.0 percent of revenues versus 10.0 percent ...