• New Wave’s Sports & Leisure segment impacted by higher costs
    Article

    New Wave’s Sports & Leisure segment impacted by higher costs

    2024-04-25T13:31:00Z

    The segment, which includes 14 brands such as Cutter & Buck and Ahead, suffered a 44 percent decline in Q1 operating income to 72.2 million Swedish kronor (€6.2m) from SEK 128.0 million in Q1 ended March 31. Total sales fell by 6 percent to SEK 860.0 million (€74.0m) from SEK ...

  • French sneaker brand Veja makes London debut with eco-friendly store concept
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    French sneaker brand Veja makes London debut with eco-friendly store concept

    2024-04-25T13:31:00Z

    French sustainable sneaker brand Veja has inaugurated its first store in London’s bustling Seven Dials district. Nestled at 45 Monmouth Street, bridging the gap between Covent Garden and Soho, the 140-square-meter boutique showcases the brand’s footwear collection, complemented by an onsite cobbler station for sneaker and shoe repairs and cleaning ...

  • Swedish sporting goods sales decline 5.2% in Q1 2024
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    Swedish sporting goods sales decline 5.2% in Q1 2024

    2024-04-25T12:16:00Z

    Sporting goods sales in Sweden declined by 5.2 percent during the period from January to March compared to the same period last year, according to Sportindex from the industry organization Svenskt Sportforum. All months showed a decrease in growth. In January, sales decreased by 6.1 percent, by 6.5 percent in ...

  • Foot Locker unveils new store concept at Willowbrook Mall
    Article

    Foot Locker unveils new store concept at Willowbrook Mall

    2024-04-25T12:16:00Z

    Foot Locker has introduced a new retail concept at its Willowbrook Mall location in Wayne, N.J., aiming to redefine the sneaker shopping experience. According to a statement, the new store format, designed to integrate customer insights and elevate service standards, “marks a significant step forward for the global footwear retailer”. ...

  • Moncler brand revenues rose by 20 percent in Q1
    Article

    Moncler brand revenues rose by 20 percent in Q1

    2024-04-25T07:32:00Z

    The Milan-based luxury group Moncler realized 20 percent constant currency growth to €705.0 million for its namesake brand in the period ended March 31. DTC channel constant currency sales increased by 26 percent to €608.5 million, with all three global regions reporting double-digit improvement. Wholesale brand sales fell by 5 ...

  • Decathlon expands BuyBack scheme in UK
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    Decathlon expands BuyBack scheme in UK

    2024-04-24T16:29:00Z

    Decathlon has broadened its BuyBack program to encompass all sports equipment in the UK, following the success of its initial launch focusing on unwanted bicycles. The initiative now covers fitness equipment, racket sports gear, camping essentials, and water sports items like kayaks and paddleboards. Customers can participate by completing a ...

  • XXL reports stronger gross margin, lower sales in Q1
    Article

    XXL reports stronger gross margin, lower sales in Q1

    2024-04-24T16:29:00Z

    XXL ASA, which reiterated its objective to deliver 500-750 million Norwegian kroner (€43.9-65.8m) in Ebitda improvement over the next 12 to 15 months, delivered stronger gross margins but lower sales in Q1. It was the ninth consecutive quarter with negative growth for the Norwegian group that faced a difficult year-over-year ...

  • Adidas secures Liverpool kit sponsorship deal
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    Adidas secures Liverpool kit sponsorship deal

    2024-04-24T16:29:00Z

    In a recent report by SportBusiness, it’s been revealed that Adidas has outbid Nike for the kit sponsorship of Premier League club Liverpool. Adidas will assume the role in 2025, replacing Nike after a relatively short five-year tenure. This transition follows Nike’s takeover from New Balance as LFC’s technical sponsor ...

  • HanesBrands reports progress towards sustainability goals in 2023 Summary
    Article

    HanesBrands reports progress towards sustainability goals in 2023 Summary

    2024-04-24T16:29:00Z

    HanesBrands Inc. has disclosed substantial progress towards its sustainability objectives in the 2023 Sustainability Summary Report. The report underscores the strides made across its brands like Hanes, Champion, Bonds, Maidenform, and Bali, underlining commitments to People, Planet, and Product. The company achieved noteworthy milestones in 2023, securing approval on its ...

  • Russia’s Sportmaster posts a 2023 revenue hike
    Article

    Russia’s Sportmaster posts a 2023 revenue hike

    2024-04-24T09:32:00Z

    Russian sporting goods behemoth Sportmaster solidified its position as the country’s largest fashion retailer in 2023, thanks to a 14 percent hike in revenue to 160 billion rubles last year. Sportmaster generated nearly 70 percent more revenue than Kari and twice as much as Gloria Jeans; the companies ranked second ...