All Sporting Goods Intelligence articles in Volume 34, Issue 31+32 – Page 3
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News briefsHeydude has new content creator partner
Casual footwear brand Heydude has announced a partnership with content creators Dude Perfect. In what is a long-term partnership, the American sports and comedy group Dude Perfect will work in lockstep with Heydude on upcoming brand campaigns and creating bespoke content for the brand. The five members of Dude Perfect ...
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News briefs361 Degrees’ H1 operating profit up by 29 percent
The Chinese group 361 Degrees reported an operating profit of 992,781 million yuan renminbi (€132.8m) from RMB 771,944 million for the six months ended June 30. Profit attributable to shareholders increased by 28 percent to RMB 703,646 million (€94.1m) as gross margin improved by 20 basis points to 41.7 percent ...
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ArticleFila Holdings’ woes impacted largely by US market
Faced with the ongoing process of liquidating bloated inventories in the U.S. amid a market flush with excess inventory, Fila Holdings reported a 40 percent constant-currency decline in Q2 operating income to KRW 91,943 million (€64.4m) for the period ended June 30. Gross margin fell by 160 basis points to ...
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News briefsSaucony and Polygiene partner on latest product range
Following on from the launch of the partnership in March 2023, Saucony has unveiled more Polygiene-treated products in its July Spring Summer Collection. Source: Polygiene Polygiene’s StayFresh antibacterial technology inhibits the growth of odor-causing bacteria, so garments need less washing, customers save water and energy, and products ...
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News briefsUvex Sports Group parts ways with CEO and CFO
Uvex Group, the parent of brands including Alpina, Hiplok and Uvex, is to part ways with both its Uvex Sports Group CEO Christophe Weissenberger and CFO/COO Dr. Michael Dannhauser with immediate effect. Source: Uvex Group Michael Dannhauser (l) and Christophe Weissenberger (r) “We would like ...
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ArticleOn Holding’s Q2 operating income up 50 percent, but stock price falls
On Holding shares fell 14 percent, or $4.84, on the New York Stock Exchange yesterday to $29.77, after the company reported a 50 percent increase in quarterly operating income to 39.4 million Swiss francs (€41.1m) and raised its full-year revenue guidance to at least CHF 1.76 billion (€1.83b), including anticipated ...
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ArticleCurrency and costs weigh on Yonex’s Q1 results
Higher sponsorship and athlete contract expenses coupled with currency headwinds and a depreciation of the Japanese yen dragged down Yonex’s Q1 operating income, despite an 18 percent revenue growth, to ¥27,992 million (€187.5m) from ¥23,694 million for the three months ended June 30. Operating income slipped by 19 percent to ...
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News briefsPádel Nuestro helping to restore a lagoon
Pádel Nuestro is lending a hand to Spanish environmental non-profit, Asociación de Naturalistas del Sureste (Association of Southeast Naturalists, or ANSE) in its efforts to restore a saltwater lagoon off Murcia. Tons of fish died in the Mar Menor (Minor Sea), as the lagoon is called, in the autumn of ...
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ArticleDescente’s Q2 rises by 36 percent
Descente, benefitting from the consolidation of its Arena and Le Coq Sportif businesses in China and the equivalent of €17.6 million in non-operating income, reported improved sales and profits in Q2. Total revenues increased by 2.8 percent to ¥27,162 million (€181.9m) from ¥26,425 million for the period ended June 30. ...
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ArticleGrendene exports slip by 51 percent in Q2
The Brazilian footwear maker Grendene posted a 15 percent decline in Q2 net income to 57.2 million Brazilian reais (€10.6m) from R$65.7 million for the period ended June 30. Ebitda was off by 13 percent to R$24.3 million but gross margin improved by 670 basis points to 40.9 percent from ...
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News briefsSnow sports apparel market to grow 6% by 2027
The snow sports apparel market is estimated to increase by US$1.65 billion from 2022 to 2027. The market will be progressing at a compound annual growth rate (CAGR) of 6.12 percent, according to a new report by tech research and advisory firm Technavio. Growth is being driven by the rising ...
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Short stops
Short Stops Week 33, 2023
EXECUTIVE CHANGES +++ Columbia Sportswear has hired Woody Blackford as Senior Vice President, Chief Product Officer for the Columbia Brand, welcoming back an employee who previously worked for the brand for 14 years, including Blackford’s invention of Omni-Heat +++ Mares, a subsidary of Head, has reorganized its Aquazone and ...
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ArticleSoft global footwear demand continues to impact Yue Yuen
Profit attributable to Yue Yuen (YY) shareholders declined by 52 percent to $83,601,000 from $175,049,000 for the six months ended June 30, as sales fell by 12 percent to $4,154,968,000 from $4,709,792,000. Ebit fell by 36 percent to $143,227,000 from $223,948,000. The company cited a sluggish global macroeconomic environment and ...
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News briefsWorld Boxing announces its first six member federations
World Boxing, the breakaway international federation set up in April 2023 to rival the International Boxing Association (IBA), has announced its first six official members. In addition to USA Boxing, which was the first national federation to join the new body, World Boxing has also confirmed New Zealand Boxing, Boxing ...
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News briefsLe Coq Sportif and Paris 2024 unveil apparel range
French brand Le Coq Sportif and Paris 2024 have unveiled the Essentiel apparel collection, the first in a series of ranges that celebrate the 2024 Olympics. Two more ranges, dubbed Graphique and Sport, are set for launch by the end of the year. The garments in the new Essentiel Paris ...
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ArticleVista Outdoor unveils rebranded Sporting Products segment ahead of separation
Following the separation of its Outdoor Products and Sporting Products segments into two new, independent publicly traded companies, Vista Outdoor is to be rebranded. The new name, logo and NYSE ticker of the Sporting Products segment were unveiled on Aug. 10, in an employee town hall in Lewiston, Idaho.
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News briefsDecathlon UK launches affordable Back to Sport Pack
Decathlon UK has launched a Back to Sport Pack that costs under £25 (€29), to allow all kids to participate in sports. The kit, available in-store and online for ages 4–15, comprises shorts, a t-shirt, trainers and a backpack. Data from the sporting goods retailer has revealed that 63 percent ...
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ArticleChampion drags down Hanesbrands in Q2
Hanesbrands senior management described Champion’s European business as “holding ground” in a tough market with a challenged consumer, with Footwear performing well. However global sales are down and the company has announced measures to move forward the purpose of the brand and revised its FY23 outlook. Champion under pressure in ...
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ArticleWolverine’s new CEO to spearhead turnaround as Q2 results tumble
Chris Hufnagel, who was yesterday named the President and CEO of Wolverine Worldwide, Inc (WWW) with immediate effect following the sudden departure of Brendan L. Hoffman, faces numerous headwinds from day one, with the group’s Q2 figures now released. They range from getting inventory and debt to proper levels and ...
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News briefsNew CEO for Wolverine World Wide
Wolverine World Wide, Inc. announced that it has appointed Christopher Hufnagel, current President of Wolverine, as President, Chief Executive Officer, and member of the Board of Directors, effective immediately. He succeeds Brendan Hoffman, who is no longer with the company. Source: Wolverine World Wide New CEO of Wolverine ...
