All Palladium articles
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ArticleXtep Intl. realigns strategy, raises FY operating profit by 9.3 percent
Saucony’s parent company´s revenue from continuing operations increased by 6.5 percent to RMB13,577.2 million (€1.782b).
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ArticleXtep Intl. moving forward with three-prong strategy in China
Saucony and Merrell generated a 72 percent year-over-year increase in sales in H1.
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News briefsXtep selling K-Swiss, Palladium brands to Ding family
The purchase price of $151 million for K-Swiss and Palladium is 42 percent less than the $260 million that Xtep Intl. Holdings paid for the brands in 2019. Xtep said the K-Swiss/Palladium wholly-owned subsidiary, KP Global Investment, has accumulated over $100 million in operating losses since being acquired and a ...
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ArticleXtep Intl. annual profit hits all-time high
The Chinese group Xtep Intl., which took 100 percent ownership in the Saucony and Merrell businesses in China earlier this year, generated 7.9 percent operating income growth in FY23 to 1,579.9 million yuan renminbi (€201.5m) on 10.9 percent annual revenue growth to RMB 14,345.5 million (€1.83bn). The annual gross margin ...
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News briefsXtep purchases Wolverine’s stake in joint venture
Xtep Intl. is paying Wolverine Worldwide $61 million for its share of a joint venture that the two companies established in 2019 for the distribution of the Saucony and Merrell brands in Greater China, Hong Kong and Macau. Additionally, due to the early success and profitability of the Saucony brand ...
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News briefsXtep 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 ...
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ArticleXtep Intl. nets H1 profit from Saucony business
Xtep Intl., the publicly traded Chinese company, whose business models consists of its own label for the nation’s mass market and four western brands (K-Swiss and Palladium, globally, and joint ventures for Merrell and Saucony in Mainland China) targeting the premium market, reported a 12.7 percent increase in H1 profitability ...
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ArticleXtep Intl. sees annual revenues surge to all-time high
The publicly traded Chinese company Xtep Intl., whose business models consists of its own label for the nation’s mass market and four western brands (K-Swiss and Palladium, globally, and joint ventures for Merrell and Saucony in Mainland China) targeting the premium market, generated a 29.1 percent increase in 2022 total ...
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ArticleXtep profit jumps 38 percent in H1
The operating income of Chinese sportswear brand Xtep International rose 34.8 percent to 922 million yuan renminbi (€130.9m) for the six months ended June 30, with attributable profit increasing 38.4 percent to RMB 590 million (€83.8m). The operating profit margin slipped slightly to 16.2 percent from 16.5 percent. Total ...
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News briefs
Internal promotions at K-Swiss
K-Swiss Global Brands (KSGB) has promoted Scott Boulton to global vice-president of trend and energy, a newly formed position. Additionally, Allison Bennett has been promoted to brand director of Palladium in the Americas region. Boulton served most recently as director of product and energy. He has more than 22 years ...
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News briefs
K-Swiss names VP of marketing and director of e-commerce
K-Swiss, together with Palladium under the umbrella of Chinese manufacturer Xtep since 2019, has a new VP of marketing: Anna Amador brings rich industry experience from previous positions at Skechers, Adidas and Nike. ”I’m thrilled to join the team and contribute to the success of the heritage brands of K-Swiss ...
