News briefs – Page 4

  • Athleta Logo
    News briefs

    Athleta’s new President & CEO takes helm as Q2 sales dip


    The Gap-owned specialty retailer suffered a 1 percent drop in Q2 sales to $341 million for the period ended July 29, a week before Chris Blakeslee became Athleta’s new president and CEO. Comparable store sales declined 7 percent in the period, an improved trend from Q1, as sales of core ...

  • Amer_Sports_Logo.svgz
    News briefs

    Amer reports best H1 since acquisition by Anta


    Helsinki-based sports equipment manufacturer Amer Sports has recorded its best H1 since the company was acquired by a consortium of buyers led by the Chinese group Anta Sports Products Ltd. in 2019. Amer’s revenues rose by 37 percent to 13.27 million yuan renminbi (€1.77bn) for the six months ended June ...

  • Decathlon
    News briefs

    A look at Decathlon Spain’s FY 2022


    In financial-year 2022, according to Spain’s Mercantile Register (as reported by CMDsport), Decathlon Spain generated sales of €1.869 billion (VAT excluded), 3.57 percent more than the €1.804 billion in the previous year. This is the highest total since 2018. The chain’s sales have been rising overall since 2018. There was ...

  • New Wave Logo
    News briefs

    New Wave Group boosts operating profit despite slight decline in sales


    New Wave Group realized a 4.2 percent increase in segment operating income to 140.2 million Swedish kroner (€12.5m) from SEK 134.5 million for the three months ended June 30. Segment sales declined by 1.4 percent to SEK 869.2 million (€77.6m) from SEK 881.5 million. The group, which counts Craft, ...

  • crocs
    News briefs

    Crocs refinances $1.18 billion debt and lowers borrowing rate


    Crocs repriced $1.18 billion in debt under its Term Loan B facility through a refinancing amendment. The move has lowered the facility’s borrowing rate by 0.50 percent. “I am very pleased with the outcome of this refinancing transaction. We successfully achieved a 0.50 percent reduction in our Term Loan B ...

  • XXL-logo
    News briefs

    New share issue to help XXL


    According to and as mentioned by SGI Europe earlier, Norwegian sporting goods chain XXL is looking to fill its coffers with 500 million Norwegian kroner (€43.2m) through a fully guaranteed new share issue after losses of nearly NOK 600 million (€51.9m) this year. Accordingly, the company is proposing a ...

  • Logo 361
    News briefs

    361 Degrees’ H1 operating profit up by 29 percent


    The Chinese group 361 Degrees reported an operating profit of 992,781 million yuan renminbi (€132.8m) from RMB 771,944 million for the six months ended June 30. Profit attributable to shareholders increased by 28 percent to RMB 703,646 million (€94.1m) as gross margin improved by 20 basis points to 41.7 percent ...

  • AllBirds-Logo
    News briefs

    Allbirds’ Q2 operating loss rises slightly


    Allbirds, which continues to move forward with its “strategic transformation plan” announced in March, intends to complete distribution agreements with partners in Canada and South Korea during H2. In Q2, the operating loss was $29.6 million against an operating loss of $29.3 million in the period ended June 30. ...

  • SBF_Logo.svgz
    News briefs

    Grupo SBF Q2 operating income dips despite revenue growth


    Grupo SBF, the operator of Brazil’s top sporting goods chain in Centauro, said its Q2 results were negatively impacted by “still high inventory levels” in its Fisia business, where an aggressive markdown strategy wiped out the gross margin gains generated by its DTC segment. Second quarter adjusted Ebitda slipped by ...

  • Garmin_LOGO_BLACK_2400px
    News briefs

    Garmin Q2 net profit benefits from interest income, currency gains


    Boosted by more than $29.6 million in interest income and gains on foreign currency, Garmin posted 11.7 percent net income growth to $287.9 million from $257.9 million. Without the two gains, the group’s profit would have been essentially flat for the period ended July 1. Second quarter operating income fell ...

  • Logo 361
    News briefs

    361 Degrees updates on H1 results


    361° Degrees Intl. Ltd. expects profitability to increase by at least 25 percent for the six months ending June 30 compared to the same period last year. The company cites a market recovery in China after pandemic-related restrictions and the launch of new premium products as factors.

  • BasicNet-33410-logo
    News briefs

    BasicNet H1 Ebitda rises slightly


    The Italian parent of Kappa, Robe di Kappa, K-Way, Superga, Sebago and other brands suffered a 31 percent decline in H1 net profit to €7.4 million as aggregate group brands revenues reached €558.3 million for the six months ended June 30. Ebitda was €22.6 million versus €22.4 million. Commercial ...

  • Pou Sheng International
    News briefs

    Pou Sheng experiences H1 recovery on improving trends


    The retail subsidiary of Yue Yuen, citing recovering consumer momentum in China and “particularly strong” omnichannel results, has reported preliminary results for the first half ended June 30. Revenues rose approximately 11 percent year-over-year to 10.960 billion yuan renminbi (€1.47bn). Profit attributable to employees was approximately RMB 305 million (€40.8m), ...

  • Base Detall Logo
    News briefs

    Sales up for H1 at Base Detall Sport


    Base Detall Sport is satisfied with its performance so far in 2023, which it considers a year of stabilization and consolidation. With VAT excluded, accumulated sales for the first half amounted to about €65 million, for an increase of 13 percent year-on-year, as Diffusion Sport and TradeSport have reported. Online ...

  • adidas logo mountain
    News briefs

    Adidas updates guidance after Yeezy boost


    Adidas, bolstered by its first sell-off of Yeezy styles, is now forecasting a full-year operating loss of about €450 million. That total represents a 36 percent improvement from its prior guidance of an FY23 operating loss of €700 million. If additional sales of Yeezy product are successful, annual results will ...

  • megasport logo
    News briefs

    Spanish retailer posts record sales


    Spanish retailer Megasport achieved record sales of €21.5 million in its fiscal year ended April 30, CMD Sport has reported, surpassing the €20 million mark for the first time in its history. Sales were up 17 percent compared to the 2021/22 fiscal year. Megasport was founded in 1990 by David ...

  • converse-new1270
    News briefs

    Converse’s FY23 Ebit inched up 1%


    Parent Nike provides more details about Converse’s annual results for the 12 months ended May 31 in its annual report filed last week. FY revenues for the All-Star brand rose by 3 percent to nearly $2.43 billion. Annual Ebit at Converse was $676 million versus $669 million in FY22. Currency-neutral ...

  • Anta
    News briefs

    Fila pushes sales at Anta Sports, all brands with strong performances


    Second-quarter sales were up for all brands at Anta Sports Products Ltd. The Anta brand generated high-single-digit, year-over-year sales growth, while the Fila brand posted high-teens positive, year-over-year sales growth for the period. Retail sales of all other brands sold by the group were up 70 to 75 percent. For ...

  • Futbol Emotion
    News briefs

    Fútbol Emotion on track for record year


    Fútbol Emotion’s football, e-commerce and team-sports divisions have together achieved year-on-year growth of 70 percent for the first half of 2023, according to CMDsport’s sources within the company. Annual sales have risen from about €34 million in 2021 to €50 million in 2022. For the current year, the company is ...

  • 500px-Dongxiang_sports_logo
    News briefs

    China Dongxiang increases Chinese Kappa sales in Q1


    China Dongxiang, which has been publicly traded for 15 years and holds the rights to the Kappa brand in China, announced that retail sales at its Kappa and Kappa Kids stores - 1,020 doors at the end of the quarter, a decrease from the previous quarter of five stores - ...