News briefs – Page 5

  • Footway
    News briefs

    Footway continues to lose in Q2, Scandinavian market remains difficult


    As reported by, the Swedish e-commerce company Footway posted net sales of SEK 240 million (€20.9m) in Q2 of this year, down 15 percent from SEK 283 million (€24.7m) in the same period last year. Just like in the previous quarter, the loss was owed to negative performance in ...

  • Forum Sport
    News briefs

    Online boost at Forum Sport for first five months


    Forum Sport, which operates under the Forum Sport and Dooers banners, generated a 5 percent year-on-year rise in sales during the first five months of its current financial year, running from Feb. 1 to June 30. Speaking with CMDsport, the Spanish retailer’s Chief Executive, Diego Llorente, has attributed the near ...

  • Decathlon Logo
    News briefs

    Decathlon Spain tops €2bn in FY sales


    With the value-added tax (VAT) included, Decathlon Spain exceeded €2 billion in sales – reaching €2.106 billion, to be exact – over the course of FY 2022, for a rise of 3.54 percent year-on-year, according to Diffusion Sport and TradeSport alike. Net profit amounted to €100 million. Online sales accounted ...

    News briefs

    Wolverine Worldwide amends credit facility


    The deal, a fourth amendment to its existing credit agreement, will give the Merrell and Saucony parent more near-term financial and operational flexibility for the remainder of its fiscal year as it continues implementing its turnaround plan. Wolverine’s maximum consolidated ratio under the new amendment moves to 4.875x Ebitda from ...

  • luhta-sportswear-company
    News briefs

    Luhta Sportswear turnover rises by 25 percent in 2022


    Luhta Sportswear Company, the parent of the Luhta, Icepeak, Rukka and Dachstein brands, reported a €10.3 million profit in 2022, up from €2.35 million a year earlier, as total revenues increased by 25 percent to €245 million from €196 million. During the year, the Finnish group returned to a normal ...

  • El Corte Inglés logo
    News briefs

    A good 2022 at El Corte Inglés


    El Corte Inglés has booked a solid fiscal 2022, despite the discomforts of the economic climate, according to Diffusion Sport. Revenues through the closing date of Feb. 8 amounted to €15.33 billion, up 22.5 percent year-on-year, while Ebitda was €951.4, up 18.3 percent. Recurring net income was the highest in ...

  • Hong Kong Stock Exchange (Ank_Kumar)
    News briefs

    Anta Sports and Alibaba among first companies to introduce HKD-RMB Dual Counter Model


    The Hong Kong Exchanges and Clearing Ltd (HKEX) officially launched the “Dual Counter Model” for Hong Kong Dollar (HKD) and Yuan (RMB) on June 19. This is intended to strengthen Hong Kong’s role as an international financial center by bringing more liquidity and vitality to the stock market. Anta Sports ...

  • XXL-logo
    News briefs

    XXL facing NOK 140 million tax bill


    XXL ASA has received a reassessment from the Norwegian tax authorities relating to the group’s international transfer pricing model, leaving it owing nearly NOK 140 million. In its reassessment, the Norwegian tax authorities have increased the taxable income of XXL Sport and Villmark AS for 2015–2018, resulting in additional tax ...

  • xxl-asa
    News briefs

    XXL's struggles continue, warns on Q2


    Persistent weak consumer demand, resulting in a need for aggressive pricing and promotions, continues to plague Norwegian retailer XXL ASA. The multi-country operator, slated to formally report Q2 results on July 14, is forecasting lower Ebitda, gross margin, and revenues for the period. Second quarter Ebitda is forecast to come ...

  • Athleta Logo
    News briefs

    Athleta Q1 sales fall by 11 percent


    Athleta, the Gap-owned retailer, which continued to face consumer pushback to certain products during the period, reported an 11 percent year-over-year decline in Q1 sales to $321 million. However, revenues were 45 percent higher than in Q1/19 before the pandemic commenced. Comparable store sales fell by 13 percent. Athleta ...

  • Topsports Logo
    News briefs

    Topsports sticks to gameplay despite volatile years


    The Chinese sportswear retailer offering a portfolio of athletic brands, dominated by Nike and Adidas, suffered a 25 percent drop in net income attributable to shareholders to 1,836.6-million-yuan renminbi (€258.8m) for the 12 months ended Feb. 28. Gross margin slipped by 170 basis points to 41.7 percent from 43.3 percent ...

  • Munich_sports_logo
    News briefs

    Munich sees sales jump 40%


    Spanish sneaker brand Munich has registered a 40 percent sales increase for 2022, La Vanguardia has reported. Revenues for the full year 2022 reached €74.3 million, primarily driven by padel (+52 percent), domestic sales (+35 percent) and strong international sales. Munich was founded in 1939 by Luís Berneda in Sant ...

  • alpargatas logo
    News briefs

    Controlling shareholders seek larger stake in Alpargatas


    MS Alpa Participacões Ltda., an entity owned by Cambuhy Alpa Holding Ltda., and Alpa Fundo de Investimento em Acões, who are part of Alpargatas’ controlling shareholders group, have offered to purchase an additional 32 million shares in the Brazilian footwear company on the open market for 10.50 Brazilian reais each ...

  • KMD Logo
    News briefs

    KMD Brands sees sales growth across brands in Q3


    New Zealand-based company KMD Brands offered a trading update on its three brands for the period ended April 23, saying Rip Curl, Kathmandu, and Oboz each generated sales growth. With the group reporting Q3 consolidated, year-over-year sales growth of 15.6 percent, Oboz had the period’s largest sales increase at 120.3 ...

  • png-transparent-car-dunlop-tyres-goodyear-tire-and-rubber-company-sport-car-logo-text-sport-logo
    News briefs

    South Korea, North America pace Dunlop’s Q1 sales growth


    Japan’s Sumitomo Rubber Industries sports segment generated a 37.2 percent year-over-year increase in Q1 net income to ¥5,459 million (€39.9m) from ¥3,980 million. Quarterly sales in the Dunlop Sports unit, bolstered by higher year-over-year golf sales in North America and South Korea and strong tennis sales in Europe, rose by ...

  • goldwin-logo
    News briefs

    Goldwin swings to strong FY profit


    Goldwin’s operating profit surged by 33 percent to ¥21,904 million (€159.9m) from ¥16,501 million for the 12 months ended March 31. Annual net profit increased by 46 percent to ¥20,977 million (€153.1m) from ¥14,350 million as 12-month revenues rose by 17 percent to ¥115,052 million (€839.9 m) from ¥98,235 million. ...

  • Yue Yuen
    News briefs

    Yue Yuen Q1 results impacted by soft global footwear demand


    High inventory levels across the industry coupled with softer global footwear demand negatively impacted Q1 results at Yue Yuen. Ebit fell by 32.2 percent to $65.9 million from $97.1 million for the period ended March 31. Net profit attributed to the company declined by 42.6 percent to $50.8 million from ...

  • Pou Sheng International
    News briefs

    Pou Sheng’s Q1 benefits from China recovery


    Helped by the gradual recovery of in-store traffic and an acceleration in its digital business, Pou Sheng Intl. reported a 71.0 percent increase in Q1 operating income to yuan renminbi 332.7 million (€43.8m) from RMB 194.5 million as the operating profit margin increased by 220 basis points to 5.7 percent ...

  • Allbirds
    News briefs

    Allbirds reports wider loss but outlines cost-saving measures


    Having already revealed plans to slow the pace of U.S. store openings and a movement to a distributor model in key international markets, Allbirds reported a Q1 net loss of $35,166,000 against a loss of $21,878,000 for the period ended March 31.

  • SBF_Logo.svgz
    News briefs

    Grupo SBF adjusted Ebitda rises by 11.1 percent


    Grupo SBF, the operator of Brazil’s top sporting goods chain in Centauro, posted 11 percent improvement in adjusted Ebitda to 205.9 million Brazilian reais (€38.4m) for Q1 ended March 31. Gross margin increased by 380 basis points to 50.0 percent from 46.2 percent, the highest margin as a group since ...