• Yue Yuen’s profit, sales slip in soft FY23
    Article

    Yue Yuen’s profit, sales slip in soft FY23

    2024-03-14T06:45:00Z

    Yue Yuen, the globe’s largest manufacturer of footwear, suffered a down year in 2023 due to inventory de-stocking by retailers worldwide and conservative ordering by its portfolio of brand clients that include Nike, Adidas, Asics and New Balance, among others. Yue Yuen’s annual Ebit declined by 5.6 percent to $390.2 ...

  • SGI Europe Executive Edition: Vol 35 - 3+4
    PDF Newsletter

    SGI Europe Executive Edition: Vol 35 - 3+4

    2024-01-25T07:49:00Z

    Analysis: 2023 Market Cap of global Sporting Goods stocks rising 2.4% | Puma shares decline on FY24 outlook | Amer Sports looks to raise $1.8bn from IPO next week | Campion to leave Nike after 17 years, joins UCLA | New CPO, President of Americas at Under Armour | Wolverine Worldwide sells Sperry to Authentic | Founder of Snipes steps down as CEO | Sprague becomes new CEO of POW | Decathlon Austria with successful 2023 | Russia faces 50% increase in prices for European sporting goods | Puma named “Top employer globally” | ANWR Group accelerates positioning of affiliated retail networks | Counterfeit products cost EU companies €16 billion in sales each year | A review of pro golf’s pending big deal | Vivobarefoot, Balena present 3D-printed, customized and fully compostable shoe

  • Analysis: 2023 Market Cap of global Sporting Goods stocks rising 2.4%
    Analysis

    Analysis: 2023 Market Cap of global Sporting Goods stocks rising 2.4%

    2024-01-19T08:46:00Z

    Which of the top 86 sporting goods companies performed best, and which lost ground in 2023? Get the figures.

  • Yue Yuen sells more, produces less in December
    News briefs

    Yue Yuen sells more, produces less in December

    2024-01-12T08:46:00Z

    Sales at the manufacturing segment of Hong Kong-based Chinese company Yue Yuen Industrial fell 2 percent to $420.4 million in December, making it the first of 12 consecutive months with a decline as customers cut back on orders. Yue Yuen’s retail segment Pou Sheng grew 16 percent ...

  • SGI Europe Executive Edition: Vol 34 - 43+44
    PDF Newsletter

    SGI Europe Executive Edition: Vol 34 - 43+44

    2023-11-15T22:31:00Z

    Adidas inventory cuts improve; sees strong demand for Samba, Gazelle | On Holding maintains lofty objectives despite moderating wholesale revenues | Wolverine Worldwide lowers outlook as overhaul moves forward | Asics lifts FY outlook again as 9-month grows by 73% | Under Armour drops FY sales outlook on continued US woes | Topgolf Callaway reports earnings decline, lowers forecast | Canada Goose lowers FY24 outlook, increases reliance on DTC | FilaHoldings’ results hurt by challenges in US, Korea | Descente’s operating profit dips due to absence of one-time gain | CoDi sells Marucci Sports to Fox Factory | Intersport Germany sells Sport Voswinkel to Italian retailer | Nike Inc. makes executive changes to help “reimagine sport for the next generation of athletes” | Sport 2000 Austria: Zentrasport’s reorganization proceedings closed | Peloton Interactive aims to spin in right direction, but share price dips | GoPro expanding retail network, camera range | Acushnet’s Q3 operating income up 3.4 percent | Crocs taking steps to reset Heydude business | Alpargatas reports Q3 loss despite improving trends | Lower costs, inventory benefit Grupo SBF in Q3 | Below-average order fill rates continue to impact Yue Yuen | Elevate Outdoor Collective fills further key positions | Sweet Protection and Kari Traa are realigning in Central Europe

  • Below-average order fill rates continue to impact Yue Yuen
    Article

    Below-average order fill rates continue to impact Yue Yuen

    2023-11-14T08:00:00Z

    Profit attributable to Yue Yuen shareholders fell by 49 percent to $137.7 million from $270.1 million for the nine months ended Sept. 30, as sales declined by 14.1 percent to $5.99 billion from $6.97 billion. Manufacturing revenues declined by 20.9 percent year-over-year to $3.79 billion. Ebit sunk by 38 percent ...

  • Pou Sheng nine-month results aided by stronger foot traffic
    News briefs

    Pou Sheng nine-month results aided by stronger foot traffic

    2023-11-13T11:25:00Z

    Operating profit at Pou Sheng, the retail subsidiary of Yue Yuen, increased by 51 percent to 515.7 million renminbi (€66.3m) for the nine months ended Sept. 30. Profit attributable to owners of the company rose by 224 percent to RMB 311.4 million (€39.9m) as retail foot traffic improved and the ...

  • Analysis: The top sporting goods industry performers by sales and profits in Q2 2023
    Analysis

    Analysis: The top sporting goods industry performers by sales and profits in Q2 2023

    2023-09-26T09:01:00Z

    Facing difficult year-over-year comparisons in many cases, 2/3 of entrants reported lower sales from Q2 2022. Find out more with our scorecard.

  • New executive director at Pou Sheng
    News briefs

    New executive director at Pou Sheng

    2023-09-04T11:57:00Z

    Pou Sheng has announced that Yuang-Whang Liao has resigned as an Executive Director and member of the Disclosure Committee, effective Sept. 4, 2023. Liao stated that he has no disagreement with the Board and that there is no matter to be brought to the attention of the shareholders of the ...

  • SGI Europe Executive Edition: Vol 34 - 31+32
    PDF Newsletter

    SGI Europe Executive Edition: Vol 34 - 31+32

    2023-08-23T15:53:00Z

    Adidas’ bumpy year showing some signs of smoothing out | On Holding’s Q2 operating income up 50 percent, but stock price falls | First figures out as Under Armour commences its transition year | Foot Locker committed to Lace Up strategy despite current challenges | Topgolf Callaway maintains FY guidance, Q2 net up 11 percent | China demand boosts Canada Goose Q1, but warns of slower Q2 | Anta Sports gets H1 sales lift from all segments, brands | Wolverine’s new CEO to spearhead turnaround as Q2 results tumble | Peloton Interactive takes steps to accelerate reach; Q4 loss shrinks | Asics raises FY outlook as H1 operating profit soars | Nike to open network of boutique fitness studios in the U.S. | Soft global footwear demand continues to impact Yue Yuen | Fila Holdings’ woes impacted largely by U.S. market | Descente’s Q2 rises by 36 percent | Acushnet paced by U.S., ball sales in Q2 | Champion drags down Hanesbrands in Q2 | Xtep Intl. nets H1 profit from Saucony business | GoPro captures momentum with entry-level cameras; reports Q2 loss | Xponential Fitness operating income ticks up 1 percent in Q2 | Björn Borg reports strong growth in e-commerce | Currency and costs weigh on Yonex’s Q1 results | Nautilus narrows Q1 operating loss despite lower sales | Mizuno generates record Q1 operating profit | Three running brands take top spots in StockX sneaker trades so far this year | NFL legend Tom Brady invests in British football club | Pentland Brands to simplify business structure