All articles by Bob McGee – Page 3
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ArticleSFIA names new president and CEO
Todd Smith has been appointed President and CEO of Sports & Fitness Industry Association (SFIA).
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News briefsAthleta continues broadening customer base as Q2 sales dip slightly
Gap Inc. anticipates Athleta’s sales rebound in H2, despite a slight Q2 decline, with improving margins and successful marketing campaigns fueling growth.
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ArticleLululemon drops FY outlook on more ‘cautious consumer landscape’
Canadian clothing company Lululemon Athletica’s Q2 missed expectations, driven by non-US markets and men’s sales. Despite a rise in margins, the brand lowered its annual outlook.
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ArticleFoot Locker to close or relocate stores due to declining results in Q2
With an operating loss of $9m in Q2, the chain plans to close or relocate stores. This includes the closure of all stores in Sweden, Norway, Denmark and South Korea and the discontinuation of e-commerce.
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ArticleAnta Sports reports flat H1 operating profit despite 14% sales growth
The Chinese group sees profit and sales growth despite flat margins, driven by strategic retail expansion and strong performance across all brands.
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News briefsDunlop Sports’ results fueled by golf, wellness segments
Golf sales were higher year-over-year, helped by the launch of the 13th generation XXIO club in Japan and North America.
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ArticleXtep Intl. moving forward with three-prong strategy in China
Saucony and Merrell generated a 72 percent year-over-year increase in sales in H1.
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ArticleSuper Retail Group’s FY net falls by 11 percent
The Australian operator of four retail formats suffered an 11 percent drop in net profit after tax to A$242 million (€146.9m) for the 12 months ended July 1. Annual Ebit was down by 9 percent to A$400 million (€242.2m) for the group, which owns Rebel Sport, BCF, and Macpac. Total ...
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News briefsJD Sports maintains Ebit guidance but cites volatile environment
The UK-based group maintains its annual profit outlook amid global volatility, reporting solid Q2 growth driven by strong European, North American and Asia-Pacific sales.
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News briefsSports category boosts Stella Intl. in H1
The Chinese group received a lift from the sports category in the first half of the financial year.
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ArticlePeloton won’t chase unprofitable subscribers as CEO search continues
In Q4 ended June 30, the group reported flat year-over-year revenues at $643.6 million versus $642.1 million.
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ArticleGlobe eyes stronger sales outside Australia in FY25
Annual Ebit of the multi-brand skate, surf and swimwear company increased by 12%.
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News briefsKMD Brands reports preliminary FY results
KMD expects FY24 Ebitda of NZ$49-51m as sales drop 11.2%. Rip Curl and Kathmandu showed Q3/Q4 improvement, but margins fell 30 basis points.
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AnalysisMarket Analysis: The athletic footwear market 2023
Our annual overview of the athletic footwear market shows the global sales of 25 companies and compares how 2023 has developed compared to 2022.
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ArticleAmer Sports raises forecast, Ball & Racquet Sports sees moderate growth
Arc’teryx drives Amer’s Q2 success, boosting stock by over 10 percent and leading to an upgraded full-year forecast with strong growth in Technical Apparel.
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News briefsLi Ning lowers FY outlook as H1 profit dips
China’s largest sportswear maker Li Ning suffered a 3.0 percent decline in H1 operating profit to 2.40 billion yuan renminbi (€304.8m) versus RMB2.48 billion for the six months ended June 30. The net profit fell 8.0 percent to RMB1.95 billion (€247.7m). Ebit tumbled 6.7 percent to RMB2.61 billion (€331.6m) from ...
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ArticlePerfect Moment prepares for bigger US business
The British luxury brand expands its US presence with a SoHo pop-up and new distribution centers, aiming to boost its luxury skiwear brand across major cities.
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ArticleFila Holdings’ Q2 profitability benefits from Acushnet
Q1 consolidated group revenues fell 1.3 percent to KRW 1,175,289 million (€822.7m).
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News briefsGrendene’s Q1 net dips by 27 percent
Ebit was R$22.3 million (€3.7m) as gross margin improved by 170 basis points to 42.6 percent.
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News briefsXebio’s Q1 operating profit rises by 47 percent
Profit attributable to the parent increased by 40 percent in Q1 to ¥2,785 million (€17.3m).
