Financial

Analysis on the company's and retailer's financial performance in the sporting goods industry including annual and quarterly updates, regional break-down, channel and segment growth.

Our Top Financial Story

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Zumiez shifts European strategy, reports FY23 loss on lower sales

2024-03-17T15:42:00+00:00By

Zumiez, the operator of Blue Tomato stores in Europe, is moving forward with a new strategy for the continent that will focus more on “enhancing the productivity of its existing business” across the region and less on aggressive store expansion, given the associated costs of opening new doors.

  • 393_SMP-zumiez-logo

    Zumiez shifts European strategy, reports FY23 loss on lower sales

    2024-03-17T15:42:00+00:00By

    Zumiez, the operator of Blue Tomato stores in Europe, is moving forward with a new strategy for the continent that will focus more on “enhancing the productivity of its existing business” across the region and less on aggressive store expansion, given the associated costs of opening new doors.

  • Zalando_logo.svgz

    Zalando wants to cover 15% of the European fashion market

    2024-03-16T10:18:00+00:00By Philip Webster / Shoe Intelligence

    Zalando posted lower sales in 2023 but expects to at least stabilize revenues this year and resume growth from 2025. The German online fashion group also outlined its long-term plans to cover 15 percent of the European fashion market.

  • Yue Yuen

    Yue Yuen’s profit, sales slip in soft FY23

    2024-03-14T06:45:00+00:00By

    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.

  • Under Armour

    Change again at Under Armour's helm

    2024-03-14T06:42:00+00:00By

    Under Armour (UA) founder Kevin Plank, the current Executive Chair of the Board, is set to again become President and CEO of the Baltimore, Maryland company on April 1. At the same time, Dr. Mohamed A. El-Erian, an independent UA director since 2018 and lead director since 2020, will become ...

  • Adidas_Logo.svgz

    Adidas posts first loss in 30 years, eyes €500m operating profit in FY24

    2024-03-14T06:32:00+00:00By

    Growing demand for its Classic shoes and double-digit sales growth rates in both Greater China and Latin America are projected to spark the overall results of Adidas this year, leading to double-digit sales growth in H2 and an annual operating profit of approximately €500 million. The North American market is ...

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    On eyes greater reliance on DTC, apparel

    2024-03-13T07:25:00+00:00By

    Swiss company On Holding, in forecasting 2024 sales growth of at least 30 percent to 2.25 billion Swiss francs (€2.35bn), has established numerous priorities for its business in the year ahead. Among them: Capitalizing on the brand’s global momentum, building up its apparel business, expanding its own retail worldwide with ...

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  • alibaba-logo-elements

    Big in South Korea? Alibaba plans to invest $1.1bn

    2024-03-14T09:46:00+00:00By

    Alibaba Group is set to inject $1.1 billion into South Korea over the next three years, according to a business strategy document cited by South Korean news agency Yonhap on Thursday. The investment aims to establish a logistics center and bolster business operations in the region.

  • PGA Tour

    Famous non-golfers among PGA Tour Enterprises’ investors

    2024-03-12T12:46:00+00:00By

    As we have been reporting, the PGA Tour struck a deal with the consortium known as Strategic Sports Group (SSG) to found PGA Tour Enterprises in January and disclosed the member of the venture’s board of directors earlier this month. The PGA Tour has now confirmed a piece in the ...

  • OOSC-

    OOSC Clothing secures £1.4m export finance deal to fuel global expansion

    2024-03-04T11:32:00+00:00By

    Skiwear brand OOSC Clothing has secured a substantial £1.4 million (€1.64m) export finance package courtesy of HSBC UK, in collaboration with the UK Export Finance (UKEF) agency.

  • Out Of long_logo

    Eyewear start-up Out Of raises over €7m in crowdfunding

    2023-12-19T10:03:00+00:00By Eyewear Intelligence

    Out Of, the Italian-based sports eyewear start-up, has raised a total of €7.6 million from approximately 580 investors through a 30-day crowdfunding campaign on Mamacrowd earlier this autumn. According to Italian media, it was the largest ever crowdfunding campaign in Italy, close to the legal €8 million upper limit.

  • eBay-Logo

    eBay's new financing option supports circular fashion solution providers

    2023-09-26T09:18:00+01:00

    eBay UK has announced a partnership with the British Fashion Council to launch the Circular Fashion Innovator’s Fund, offering £100,000 (€150,000) in funding for small businesses specializing in circular fashion solutions. The fund hopes to bring new technology and services to the market that will make people think and shop ...

  • SafeSize_1

    Tech company for shoe fitting secures €14 million in funding

    2023-03-29T10:25:00+01:00

    SafeSize, the tech company that helps consumers find the perfect fitting shoes in physical and online stores, has raised €14 million in Series B funding, with the participation of Phaistos Investment Fund as well as existing investors Convent Capital and 3TS Capital Partners. SafeSize will use this capital to expand ...

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    Li Ning considers privatizing sportswear firm amid market challenges

    2024-03-15T12:18:00+00:00By

    Chinese entrepreneur and former Olympic champion Li Ning is reportedly contemplating the privatization of his sportswear firm listed on the Hong Kong stock exchange, according to sources familiar with the matter. The move would add to a series of similar potential deals amid a challenging market landscape.

  • Hong Kong Stock Exchange (Ank_Kumar)

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

    2023-06-20T10:53:00+01:00

    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.

  • Union Jack - James Giddins - Unsplash

    2022 confirmed as a bleak year for U.K. businesses

    2023-02-01T13:45:00+00:00

    The number of profit warnings issued by U.K.-listed companies in 2022 increased by 50 percent year-on-year, with record levels of these warnings citing rising costs, according to  EY-Parthenon’s latest Profit Warnings report (member firm of Ernst & Young).

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    Analysis: Sporting Goods Industry stocks fell more than 16% in Q1 2022

    2022-04-05T07:52:00+01:00By Bob McGee

    According to SGI Europe’s quarterly study of selected public sporting goods industry stocks, their average share price fell by 16.25 percent on a sequential basis in the first quarter of 2022, in contrast with the performance of some major stock indexes during the same period. The Standard & Poor’s 500 ...

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  • UEFA

    UEFA reports record revenues for top-tier clubs

    2024-02-16T15:28:00+00:00By

    According to UEFA’s latest report, top-tier clubs participating in UEFA competitions have achieved unprecedented revenue levels in the 2021/22 fiscal year. The European Club Finance and Investment Landscape report disclosed that these clubs collectively generated approximately €23.9 billion in revenue during this period, marking a historic high.

  • BasicNet-33410-logo

    BasicNet's 2023 revenues rise to €398.6M despite brand revenue dip

    2024-02-15T12:49:00+00:00By

    BasicNet generated consolidated revenues of €398.6 million in 2023, up by 2.7 percent from the year earlier, as aggregate group brands revenues slipped by 10.4 percent to €1.14 billion, preliminary results show.

  • Salter-logo

    Salter achieves 20% sales growth, equaling its record in 2020

    2024-02-15T12:44:00+00:00By

    Spanish gym equipment maker Salter saw revenues reach €14 million in 2023, a 20 percent increase from the previous year and the same as in 2020, at the peak of the pandemic crisis, CMDsport has reported. The growth was primarily attributed to the recovery of the B2B sector, which accounted ...

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