Latest Headlines – Page 105
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Better margins on flat sales for XXL
XXL ASA managed to generate positive operating earnings (Ebitda) of 207 million Norwegian kroner (€20.6m-$24.9m) on relatively flat revenues of NOK 2,166 million (€215,916-$260,212) in the first quarter of 2020, compared with an Ebitda loss of NOS 36 million (€3.6m-$4.3m) in the same period a year ago. The gross margin ...
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ArticleSkechers is boosted by international wholesale and digital
Lifted by robust international demand, Skechers’ revenues jumped by 15.0 percent in the first quarter to a record level of $1,428.4 million, as compared to a year ago. Sales outside of the U.S. soared by 20.2 percent to represent 58 percent of the total turnover. In particular, the International Wholesale ...
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Moncler posts double-digit revenue growth in Q1, but Europe is down
Moncler saw its consolidated revenues jump by 18 percent to €365.5 million in the first quarter of 2021, with a jump of 21 percent in local currencies, although many countries were still being affected by coronavirus-related restrictions. The growth was primarily driven by a strong contribution from China, Korea and ...
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Vans announces new sustainability targets for 2030
Like The North Face, the other major brand of VF Corp., Vans, has announced a range of new sustainability goals that it intends to achieve by 2030, on the occasion of Earth Day. The brand is committing to making 100 percent of its core materials – rubber, cotton, leather, and ...
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ArticleZalando's pre-owned service now reaches 13 countries
On April 22, Zalando extended its service selling second-hand garments to seven additional European countries: Austria, the Czech Republic, Denmark, Finland, Ireland, Italy and Sweden. In October 2020, Zalando launched the “pre-owned” platform in six countries: Germany, Spain, Poland, France, Belgium, and the Netherlands. Torben Hansen, vice president recommerce at ...
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ArticleTNF expands its circularity programs
The North Face currently offers Renewed products only in the U.S. as an option for consumers who want to buy “like-new” clothing and give it a second life. TNF has announced plans to launch the Renewed recommerce platform in Germany on May 4, 2021 as a pilot program, and then ...
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ArticleThule wants to double sales by 2030, reducing CO² emissions
Everything is still going well for the Swedish-based Thule Group. In an interim report, it said that its sales for the first quarter soared by 45.5 percent from the year-ago quarter to 2,538 million Swedish kronor (€250.7m-$301.6m) ,or by 56.0 percent in constant currencies. Net income jumped to SEK 447 ...
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The Hickies brand of no-tie shoelaces is for sale
Acting in behalf of Midcap Funding XVII Trust, which is Hickies’ main lender, Hilco Streambank is seeking bids for the acquisition of the American brand of no-tie shoelaces and related assets on its website by May 20 at the latest, setting a date of May 25 for their auction. The ...
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The European Super League project is being reconsidered
As of the early afternoon of Wednesday, April 12, Real Madrid and Barcelona FC were the only clubs that had not yet turned their backs on the project of a European Super League (ESL) of football out of its 12 original signatories. Confronted with the strong wave of criticism that ...
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European Super League project unleashes strong reactions
The announcement made on April 18 by a group of 12 leading European football clubs about the creation of a break-away European Super League has sparked a range of negative reactions from governing bodies, players, fans and even some top political leaders. Both French President Emmanuel Macron and U.K. Prime ...
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Moody’s upgrades Amer Sports’ outlook
Providing some interesting figures on Amer Sports’ latest performance and some interesting projections, Moody’s has changed its outlook for the company from negative to stable. However, it maintained an overall B3 corporate rating on Amer’s debt, feeling that its credit metrics will remain weak over the next 12 to 18 ...
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Strong post-pandemic progress for Li Ning and Xtep
As they are only obliged to publish their results for the first half and the full financial year, some more public Chinese sporting goods companies published an operational update for the first quarter, following up on Anta Sports Products’ previously reported excellent post-pandemic figures for the period. Li Ning Company ...
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MAP Active’s sales fell by 36% in pandemic year
The Jakarta-based sporting goods retailer, wholesaler and manufacturer managed to report a little net profit of 2,078 million Indonesia rupees (€120,000-$140,000) for 2020, down sharply from IDR 686.8 billion in the previous year as its total revenues fell by 36 percent to IDR 4,781 billion (€274m-$329m) because of the Covid-19 ...
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ArticleTexon introduces “ground-breaking” ProWeave technology
Texon International has presented ProWeave, describing it as a “ground-breaking” jacquard weaving technology which it claims makes it possible to seamlessly integrate functional and design weaving into a single sheet of material. The company says that a number of world-leading sports brands are currently evaluating its new performance fabrics. According ...
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Big jumps in Chinese production and consumption
China’s gross domestic product jumped year-on-year at an unprecedented rate of 18.3 percent in the first quarter of 2021. It had declined by 6.8 percent in the first quarter of 2020, due to the coronavirus outbreak. On a sequential basis, the country’s GDP moved up by 0.6 percent from the ...
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ArticleNPD sees the European market down by 8% in 2020
Because of the Covid-19 pandemic, the market for sports clothing and footwear fell by 8 percent to €28.3 billion in the five major European countries in 2020, according to revised estimates made available to us by the NPD Group. A previous, preliminary estimate by the market research company had set ...
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ArticleAlpine skiing fell by 15% globally in 2019/20
The 2018/19 ski season turned out to be the best one in the new millennium, according to the annual Snow Report by Laurent Vanat. The 2019/20 season was the worst one since the year 2000 because it was brutally interrupted by the onset of the novel coronavirus pandemic, according to ...
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The latest statistics and forecasts for online retailing
In 2020, the outbreak of the coronavirus pandemic led revenues from e-commerce to exceed the €100 billion threshold for the first time in the German-speaking countries of Germany, Austria and Switzerland, according to BEVH, the German E-Commerce and Distance Selling Trade Association. Orders averaging €1,000 were placed by customers in ...
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New Balance announces commitments and partnerships to promote sustainability
New Balance has announced a range of initiatives and strategic alliances designed to help support climate goals and create a healthier planet, joining other sports companies in this kind of endeavours. As part of its overarching Responsible Leadership strategy, which aims at a low-carbon future with a holistic set of ...
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ArticleJD reports flattish annual results, despite Brexit and the pandemic
JD Sports Fashion Plc managed to report generally good results for the year ended Jan. 30, 2021 despite the impact from the coronavirus pandemic and Brexit, “which have severely tested all aspects of the business,” the management said. The company’s profit before exceptional items and taxes of 421.3 million pounds ...
