All Sporting Goods Intelligence articles in Volume 35, Issue 13+14 – Page 4
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Short stops
Short Stops Week 13, 2024
BRANDS +++ AFP Courts, a division of AFP Group, which holds Adidas license for pádel products, has become the court supplier to the Pro Padel League (PPL) +++ Head has renewed the deal it made in 2014 to supply the official ball to the Portuguese Padel Federation (FPP) +++ Rip ...
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ArticleNike posts digital decline for first time in nine years
The brand now want to focus on new iterations of its Air technology, investments with its wholesale partners, and better storytelling.
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ArticleLululemon posts strong Q4 results, some Q1 softness in US
Lululemon’s operating income increased by 191 percent in Q4 to $913.9 million from $314.4 million for the period ended Dec. 31. Final period net income came in at $669.5 million, and gross margins increased by 430 basis points year-over-year to 59.4 percent. Revenues rose by 16 percent to $3.2 billion ...
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ArticleGrupo SBF improves key metrics in FY23
Brazilian Grupo SBF realized improvement in net debt/Ebitda ratio, inventory level, and cash generation in FY23 as it reported adjusted net profit of 183.5 million Brazilian reais (€33.7m) on a 12 percent increase in revenues to R$8.78 billion (€1.61b) and a 40-basis point improvement in gross margin to 47.4 percent. ...
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News briefsSun Mountain Sports strengthens sales force
Montana-based Sun Mountain Sports has expanded its sales force with the addition of two seasoned territory sales representatives, Chivonne Wilson for North Florida and Tom Funderburk for Oklahoma and Arkansas. They join a team of over 40 sales reps covering the US and Canada. “We are thrilled to welcome these ...
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News briefs‘Unaware of reported sale discussions’, says Topgolf Callaway
Topgolf Callaway Brands Corp. is reportedly contemplating the sale of its Callaway Golf business, as reported on Wednesday, March 21. The speculated valuation for the brand stands at an impressive $3 billion. While the potential sale focuses solely on the Callaway Golf segment, it suggests that Topgolf would remain unaffected ...
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ArticleFila Holdings continues to reshape business model
An ongoing recalibration of its sales channels in Korea and further inventory adjustments in the US were the key contributors to an operating loss.
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News briefsAn “excellent” FY 2023 at Inditex
Inditex’s full-year 2023 sales were up 10.4 percent to €35.9 billion, or 14.1 percent in constant currency. E-commerce accounted for €9.1 billion, up 16 percent. Sales were particularly strong in Europe outside of Spain, rising 48.7 percent. Gross profit rose 11.9 percent to €20.8 billion, with gross margin expanding by ...
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News briefsJD set to open larger store at Broughton Shopping Park
JD is set to enhance its presence in Chester with the unveiling of a bigger and upgraded store at the Broughton Shopping Park this weekend. The new location promises an expanded selection of products from brands like Nike, Adidas, The North Face, and Under Armour. James Air, Director and Head ...
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