News briefs – Page 9

  • Amazon-Logo
    News briefs

    Amazon announces 15% sales increase in Q3 but gives weak guidance for Q4 holiday season


    Amazon has announced a net sales increase of 15 percent to $127.1 billion in the third quarter ended Sept. 30. Excluding the $5.0 billion unfavorable impact from year-over-year changes in foreign exchange rates during the quarter, net sales increased 19 percent versus third quarter 2021. Sales at the Amazon Web ...

  • Globe Logo
    News briefs

    Globe Intl. braces for difficult FY23


    The Australian multi-brand skate, surf and swimwear company is forecasting the fiscal year 2023 marked by a modest sales increase compared to recent years. Also, there are expectations for a drastic decline in profitability and margins due to currency headwinds from the stronger U.S. dollar against the Euro and Australian ...

  • Pou Sheng International
    News briefs

    Pou Sheng Intl. issues FY profit warning


    Pou Sheng, the retail subsidiary of Yue Yuen, is forecasting a record decline in year-over-year net profit due to weak consumer sentiment in China due to Covid-19 outbreaks and lower store traffic in cities where it operates. For the nine months ended Sept. 30, Pou Sheng is forecasting revenue ...

  • BasicNet-33410-logo
    News briefs

    BasicNet reports strong 9-month results, awarding bonuses


    BasicNet, the Italian parent for the Kappa, K-Way and Superga brands, generated a 31 percent increase in Ebitda to €44.1 million from €33.6 million for the nine months ended Sep. 30. Ebit increased 37 percent to €33.3 million over the period. A 30 percent improvement in consolidated revenues to €282.6 ...

  • Padel Nuestro
    News briefs

    Record sales for Pádel Nuestro


    Pádel Nuestro not only expects to close out the current year with record sales of about €55 million, up by 10 percent from last year but also projects a further rise to €80 to €85 million for 2023 – this according to CMDsport, which cites statements to ABC by the ...

  • Stella Holdings_Logo
    News briefs

    Stella is seeing a slowdown in sales


    In the third quarter of 2022, Stella International, a Southeast Asia shoe manufacturer that is also a retailer, increased overall revenues by 4.8 percent year-over-year to $460.5 million, with manufacturing revenues rising to $453.6 million from $431.6 million. In the first nine months of the year, revenues increased by 13.5 ...

  • Li-Ning_logo.svgz
    News briefs

    Li Ning with high single-digit growth in Q3


    Chinese sportswear giant Li Ning Company Ltd. reported that sales across its entire platform, excluding Li-Ning Young stores, grew in the high single digits year-on-year in the third quarter. Broken down by sales channel, directly operated retail stores posted a mid-single-digit increase, while franchised distributor sales posted a high-single-digit increase. ...

  • Logo 361
    News briefs

    E-commerce spurs growth at 361 Degrees


    In the third quarter, core brand sales at 361 Degrees increased by a mid-teen rate and sales of the running brand’s independently run 361° Kids brand saw year-on-year growth of 20 to 25 percent, our colleagues at the U.S. edition of SGI report. E-commerce, up by 45 percent year-on-year, was ...

  • Xtep_company_logo
    News briefs

    Xtep sees Q3 growth


    Xtep International Holdings has released an operational update on business in Mainland China for the third quarter, which ended on Sept. 30. The group’s unaudited operational data show growth of 20 to 25 percent in retail sell-through for its core brand, with on- and offline channels combined. Retail discount stood ...

  • Anta_Logo
    News briefs

    ​Fila returns to growth in China


    After a weak first half in which premium brand Fila suffered from zero-Covid closures in China, retail sales grew in the low teens year-on-year in the third quarter. Anta Sports, which co-owns the brand in China through a joint venture with Fila Korea, said in an update that Fila outperformed ...

  • Sweaty Betty
    News briefs

    Sweaty Betty posts 45% sales increase, helped by digital


    Sweaty Betty, the U.K.-based brand of women’s fitness apparel, saw its turnover rise by 45 percent in 2021 compared to 2020, with revenues for the full year reaching £183.2 million (€212.3 million), mainly as a result of the strong trading performance across its digital channels. Physical shops continued to be ...

  • Footway
    News briefs

    Nordic countries weigh on Footway’s results

    2022-10-17T08:52:00Z reports that Swedish e-commerce company Footway Group posted an operating loss of SEK 13.5 million (€1.2m) in the third quarter, compared with SEK 0.8 million (€72,700) in the corresponding period last year. Overall, the company posted sales of SEK 261.6 million (€23.8m) in the third quarter – SEK 76.3 ...

  • Atmósfera Sport
    News briefs

    Atmósfera Sport looking to top its record-breaking 2021


    Atmósfera Sport is projecting 30 percent revenue growth for the current year, finance director Paco Zaragoza tells Diffusion Sport. The rosy news follows what was already the retail buying group’s best year ever in 2021. Álvaro Llorens, director of e-commerce and digital marketing, credits a tripling of digital sales – ...

  • Superdry_Logo_2020.svgz
    News briefs

    Superdry returns to profit


    Superdry has announced its preliminary results for the fiscal year to April 30, 2022 (FY22), reporting adjusted profit before tax of £21.9m (€25.0 million), up from a loss of £12.6 million (€14.4 million) in the previous year. Total revenues increased 9.6 percent to £609.6 million (€694.2 million) year-on-year, driven by ...

  • Le Coq Sportif
    News briefs

    Le Coq Sportif posts double-digit sales growth in H1


    Le Coq Sportif saw sales in the first half of 2022 jump to €65 million, representing a 23 percent increase compared to the first half ended June 2021. The strong performance was primarily driven by international sales, which rose by 80 percent. Textile sales, which registered a 13 percent growth, ...

  • Nautilus
    News briefs

    Nautilus turns to financial advisory firm


    Nautilus Inc. of Vancouver has retained the financial advisory firm Evercore to review its business and, in the words of our colleagues at the American edition of SGI, “help it figure out a new way forward now that its pandemic-fueled, record sales levels have come crashing back to earth.” Troubles ...

    News briefs

    Buff projects 10% rise in annual sales


    Buff is projecting sales of €56 million for the current year, begun in April, for a 10 percent year-on-year rise, reports Modaes. This will nevertheless fall 34.1 percent short of the figure for 2020, a historic year for the Catalonian brand, when pandemic measures drove sales up by 50 percent. ...

  • Royal Padel
    News briefs

    Royal Padel thriving despite standstill in the market


    The chief executive of Royal Padel, Rafael Tarradas, has made twin declarations to CMDsport: for one thing, the European pádel market has ground to a halt; for another, sales for his own brand have taken off since September, thanks to customers from outside Spain. Barcelona-based Royal Padel enjoyed a 25 ...

  • Joma-Symbol
    News briefs

    Joma appears to have recovered from pandemic measures


    Joma is set to exceed its sales for pre-lockdown 2019 by 15 to 20 percent, according to Diffusion Sport. Production director Fortu López told the trade publication at the recent Micam trade show that “the company is meeting expectations. Indeed, we’re exceeding our goals, which were to return to our ...

  • El Corte Inglés logo
    News briefs

    Sales up by 22% at El Corte Inglés for FY 2021


    El Corte Inglés reported at its annual shareholder meeting in July that sales for the year ended Feb. 28 had reached €12.51 billion, in a year-on-year increase of 22 percent. EBITDA reached €804 million and consolidated net profit €120 million. Marta Álvarez, the Spanish retailer’s chairwoman, attributed this “return to ...