Latest Headlines – Page 4
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ArticleDeckers eyes more double-digit sales growth after strong FY24
Deckers Brands, the Hoka and Ugg parent, ended a successful fiscal year by reporting a 36 percent operating income increase in the final period to $144.3 million compared to $105.9 million. Gross margin expanded by 620 basis points to 56.2 percent. Revenues increased by 21 percent to $959.8 million ...
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ArticleVF Corp. fails to deliver yet again, stock tumbles nearly 12%
VF Corp. failed to exceed consensus estimates for quarterly sales and profit for a fourth consecutive quarter. The latest bad news for the parent of The North Face, Vans, Timberland and Dickies, among others, sent VF’s shares down 11.7 percent in after-market trading yesterday. The stock has fallen 34 percent ...
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ArticleGlobal survey on women’s sports calls for brand investment
According to a new global survey from Parity and SurveyMonk, women’s sports fandom is moving to the mainstream, and the gender gap is expected to narrow further in the coming years. However, more than half of the surveyed (53 percent on average) said that brands are not investing enough in ...
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ArticleTechnical Apparel segment drives Amer Sports’ Q1 revenue growth
Bolstered by constant-currency growth of 48 percent for its Technical Apparel segment that includes the Arc’teryx business, Amer Sports delivered Q1 sales and profitability above guidance in Q1. Operating profit fell by 16 percent to $109.0 million from $130.4 million in the period ended March 31. Ebit tumbled by 67 ...
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ArticleRussian sporting goods market experiences surge in cross-border e-commerce
During the past year, the Russian sporting goods market saw a 16 percent rise in cross-border e-commerce, as customers are increasingly placing orders at foreign marketplaces, CDEK.Shopping, a Russian logistics company estimated. The company revealed that Russians purchase food additives and sporting goods in massive quantities to improve their performance ...
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ArticleZwiebler appointed permanent CEO of WFSGI, set to advance global sporting goods initiatives
Source: WFSGI WFSGI CEO Emma Zwiebler The World Federation of the Sporting Goods Industry (WFSGI) has officially named Emma (Mason) Zwiebler its permanent Chief Executive Officer, effective May 1, 2024. This decision follows her interim CEO role, which started on Nov. 1, 2023, and was confirmed during ...
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ArticleGaleria's investors pledge €100 million, seek restructuring, Sunday shopping and name change
According to media reports, Galeria Karstadt Kaufhof’s new owners are poised to inject up to €100 million into the company to revamp its remaining department stores over the next two to three years. The insolvent German department store chain sees Sunday shopping as a cornerstone of its restructuring efforts, according ...
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ArticleDesport leases former Decathlon retail spaces in Russia
Desport, a chain comprised of former Decathlon stores in Russia, has started leasing some of its stores to fitness centers, sports schools and retailers that sell related products. The retailer offers between 100 and 500 sqm of sales floor in 30 stores in major Russian cities. The average space of ...
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ArticleCanada Goose exceeds expectations in Q4 due to DTC, North America
Canada Goose, which recently hired its first creative director to reshape its product portfolio and elevate its creative aesthetic, reported a 31 percent improvement in Q4 operating income to C$7.6 million (€5.1m) against a C$10.0 million loss in the year-ago period. Net income attributable to shareholders was C$5.0 million. Gross ...
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ArticleGrupo SBF’s Ebitda up 14 percent in Q1
Grupo SBF continues to make progress on key financial metrics, ranging from further inventory reductions to cost cuts, helping to reduce its year-over-year leverage by 39 percent to 843.4 million Brazilian reais (€151.6m). In Q1, the Brazilian group improved its year-over-year Ebitda by 14 percent to R$234.0 million (€42.1m) ...
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ArticleCanada Goose’s new Creative Director's first campaign pays tribute to Jane Fonda
Canada Goose has appointed designer Haider Ackermann as the company’s first Creative Director. He is considered a luminary in the fashion industry and is celebrated worldwide for his talent in defining modern design. The Colombian-born French designer will be based in Paris and will work alongside Chairman and CEO Dani ...
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ArticleUnder Armour’s latest reset will take many months to unfold
Six weeks after returning as CEO to the company he founded, Kevin Plank will lead a restructuring at Under Armour that will focus on a premium positioning of fewer products, less promotional pricing, a greater focus on its core men’s apparel business and an accelerated bring-to-market strategy for new offerings. ...
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ArticleAlpargatas maps out new business strategy, turns Q1 profit
Alpargatas spent much of Q1 working on cash generation, capitalizing on efficiencies, and simplifying its business. The effort, largely focused on its home market, included better alignment between sell-in and sell-out levels and cash generation of $260 million Brazilian reais (€46.7m) versus cash consumption of R$271 million. The Brazilian group, ...
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ArticleWill longboarding surf into the LA 2028 Olympics?
The International Surfing Association (ISA) has proposed the inclusion of longboarding in the LA 2028 Olympics alongside the already approved shortboarding event, with a decision expected by the first quarter of 2025. This push aligns with the ISA’s vision for broadening the Olympic surfing program and capitalizes on the growing ...
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ArticleJoin us at OutDoor by ISPO 2024
Join us at OutDoor by ISPO. Stop at our booth for a chat and listen to our consumer trends panel talk.
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ArticleParis 2024 to generate €9 billion for host region, new study reveals
The economic impact of Paris 2024 in the Île-de-France region between 2018 and 2034 is estimated at between €6.7 billion and €11.1 billion over the 17-year period, namely an intermediate scenario projecting a “net injection” of €8.9 billion. The figures were revealed in a new independent study from the Centre ...
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ArticleOn posts another strong quarter, re-affirms FY24 objectives
The Swiss group generated 29 percent constant-currency sales growth in Q1 to surpass the CHF 500 million mark for the first time ever over three months, bolstered by a 49 percent gain in its Dtc segment and double-digit increases in shoes, apparel and accessories. With the results, On Holdings ...
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ArticleDescente FY net rises by 14 percent, sales up 5 percent
The Japanese group reported a 14 percent increase in annual net profit to ¥12,014 million (€71.6m), exceeding guidance by 9.2 percent, and a 12 percent rise in operating income to ¥8,740 million (€58.0m) for the 12 months ended March 31. Gross margin improved by 210 basis points to 59.5 percent, ...
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ArticleMizuno FY results exceed forecasts
The Japanese group reported a 33.5 percent increase in annual operating profit to ¥17,279 million (€102.7m) and a 44 percent year-over-year gain in profit to ¥14,311 million (€85.1m). Both figures exceeded the company’s guidance for the 12 months ended March 31. Meanwhile, Mizuno’s annual revenues increased by 8.3 percent ...
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ArticleXXL relocates Swedish stores in response to soaring rents
XXL, the Norwegian sporting goods giant, is relocating its stores in Uppsala, Västerås, and Växjö in Sweden due to soaring rental costs. The moves, set for late summer, involve shifts of just a few hundred meters each but stem from what the company describes as “soaring rents.” Anders Lindblom, the ...
