Latest Headlines – Page 53
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Deckers raises sales and earnings guidance after better-than-expected Q3
Deckers Brands raised its sales and earnings guidance for the full financial year after revenues in Q3 beat expectations for top line
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Understanding the GPSR and what it could mean for EU businesses
Have you heard of the GPSR and do you know what it means for businesses in the EU? We explain the main points every brand needs to know
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JD Sports unveils plans for sales growth, rapid store expansion
JD Sports Fashion has revealed plans to grow revenues and margins by double digits. Find out the strategy behind this plan.
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Skechers Q4 sales jump announced along with full year 2022 financial results
Skechers says it is planning to begin production in India, one of its fastest growing markets in the Asia Pacific region. Sales in the country displayed “particular strength” in the fourth quarter of 2022, as the company’s overall top line jumped by 13.5 percent to $1,878.8 million billion to reach ...
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GoPro aims for $100m in FY23 subscription revenue
If the 20-year-old action camera company reaches the $100 million sales objective from subscriptions this year, it will represent 22 percent year-over-year growth from FY22. CEO Nick Woodman told analysts that GoPro is selling subscriptions “to people who don’t even own” one of its cameras. The company ended 2022 with ...
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Canada Goose lowers FY23 outlook
Canada Goose, citing slowing momentum in the North American market and worse than anticipated pandemic-related disruptions in China, has dropped its annual revenue guidance by 2 to 8 percent to a range of C$1.175 to C$1.195 billion (€807m to €820m) from a prior outlook of C$1.2 to C$1.3 billion. The ...
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Columbia eyes 3% to 6% sales growth in FY23, EMEA strong in FY22
After navigating supply-chain issues and product-delivery delays in 2022, Columbia Sportswear is intent on reducing its inventory level to be more in line with demand and generating 3 to 6 percent revenue growth this year in the range of $3.57 to $3.67 billion. The group is also eyeing an annual ...
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International Ski Federation responds to allegations over use of Head as uniform supplier
Questions have been raised about Head supplying uniforms for FIS whilst president Johan Eliasch remains Head’s chairman
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Circular economy: Rental is a business model for now and the future
Good for the environment and the bottom line. Sounds good in theory, but what does this mean in practice? We explain the whys and hows
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Base Detall Sport doing pre-pandemic business
Base Detall Sport returned to pre-lockdown levels of revenue in 2020. Sell-in amounted to €70 million, up by 19 percent, while the buying group’s associated stores posted sales of about €175 million. Speaking with Diffusion Sport, CEO Toni Maristany ascribes the resurgence to the three pillars of Base’s triennial plan: ...
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A second consecutive record year at Head Spain
Head Spain broke in 2022 the record it set in 2021 for annual sales, which increased by 27 percent from €18.43 to €27 million. As CEO Jochen Schirmer explained to CMDsport, the most recent full year saw equipment purchases rise in tandem with the practice of sports. Moreover, the end ...
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Peloton posts strongest quarter in year, but work remains
Peloton Interactive continues to make progress in its turnaround under CEO Barry McCarthy but must achieve numerous objectives in the year ahead if it wants to stay the course.
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Under Armour announces two new board members
Under Armour will be appointing Carolyn Everson and Patrick Whitesell to its board of directors on Feb. 1. In addition, the Baltimore-based sportswear firm has announced that longtime board member Harvey Sanders, who has served on the board since November 2004 and is currently chair of the Human Capital and ...
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Red soles and a red light for Amazon in European Court of Justice proceedings
A new ECJ judgment has made it easier for brands to protect their IP rights on e-commerce platforms. Experts are calling it a “landmark” case
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A Dive into the unknown. The metaverse, NFTs and legal perspectives
The technology may be new, but it’s never too early to start thinking about protecting your brand in the metaverse. Our expert weighs in.
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The twin forces of pro pádel meet
The two professional circuits in the sport of pádel, Premier Padel and the World Padel Tour (WPT), are discussing joint operations in the future.
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Intersport Germany pursues growth plans after record year
Intersport Germany has posted record sales of €3.31 billion for the fiscal year 2021/2022, the highest figure in the company’s history. Sounds familiar? Precisely the same result was reported a few days ago by competitor Sport 2000. Intersport Germany emerged from the 2021/2022 fiscal year, which ended on Sept. 30, ...
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Foot Locker plans to wind down Sidestep retail brand
Nine-and-a-half years after acquiring the sports fashion footwear chain as part of its deal for the Recklinghausen, Germany-based Runners Point Group, Foot Locker has decided to shutter Sidestep’s operation that currently consists of several dozen stores across Germany, Austria, the Netherlands, and Switzerland. In February 2019, Foot Locker operated 80 ...
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Intersport International reports record year 2022
Intersport International group, based in Bern, Switzerland, has released its 2022 retail sales data, reporting a 13.4 percent growth from 2021 to a new record retail result of €13.7 billion. Among the 5,300 Intersport stores in 42 countries worldwide, those in Austria, France and Germany contributed the most to the ...
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Swedish sports retail down 7.5 percent in Q4, index now with racquet sports
The quarterly Sportindex by Svenskt Sportforum shows that Swedish sports retail sales decreased by 7.5 percent in the fourth quarter of 2022, making it the fourth consecutive quarter with negative development for sports retail. For the full year 2022, sports retail sales development landed at -5.8 percent. However, the drop ...