Latest Headlines – Page 60
-
ArticleA new CEO for Puma from January 2023; Gulden to Adidas?
Source: Puma SE Arne Freundt, future CEO of Puma, effective Jan. 1, 2023 “My current contract with Puma ends Dec. 31, 2022, and after nine years, I have decided not to renew,” CEO Bjørn Gulden is quoted in the German sporting goods manufacturer’s latest statement on Nov. ...
-
ArticlePOC launches new avalanche backpack with RECCO equipment
Source: POC Dimension Avalanche Backpack POC has unveiled the new Dimension Avalanche Backpack, which combines more than one avalanche safety system. Described by POC as ”ultra-durable, innovative, rechargeable, smart and hassle-free,” the backpack is equipped with the Alpride E2 electronic airbag system from Swiss avalanche airbag system ...
-
ArticleInvesting in circularity: A fortune for the future
Investments in circularity are increasing. In the first of four articles, we give you an overview of the whos, the whats, and how much.
-
ArticleUnder Armour “more optimistic” about brand despite current headwinds
Under Armour has lowered its full-year revenue and operating income outlooks and continues to see short-term business climate hazards. Yet, company senior executives are confident that turnaround initiatives being undertaken over recent months will pay off in 2023 and beyond. The group has zeroed in on making the 16- to ...
-
ArticleGrupo SBF results affected by investments in vital systems
Grupo SBF, the operator of Brazil’s top sporting goods chain Centauro, suffered a 68 percent decline in adjusted Ebitda to 161,043,000 Brazilian reais (€31.5m) for the period ended Sept. 30. Gross margin, however, improved to 47.9 percent from 44.9 percent. Adjusted net profit, which excludes non-recurring expenses, declined 66 percent ...
-
ArticleDecathlon Germany launches new buyback service
Decathlon Germany is launching a used-product “Buy Back” service in select cities. For the first time, the sporting goods manufacturer and retailer is buying back used sports products and returning them to second-use sales after successfully inspecting and/or repairing them. Customers who sell their products to Decathlon receive either a ...
-
ArticleCanada Goose lowers FY outlook on China issues
Persistent lower traffic trends and dampened consumer sentiment in China have forced Canada Goose to lower its FY revenue and profit outlook despite strong brand sales performance in other global geographies. The group has dropped its annual revenue outlook by more than 7 percent to a range of C$1.2-1.3 billion ...
-
ArticleNike launches shoe recycling program on Alipay
Nike Greater China has joined Ant Group’s Green Energy Initiative and launched an official mini-program on Alipay to encourage more Chinese consumers to recycle worn-out shoes. Consumers can search for the “Recycle-A-Shoe” mini-program on the Alipay app and have their old Nike shoes picked up. The shoes are then disassembled ...
-
ArticleFIFA’s new report highlights further growth of elite women’s football
FIFA has released the second edition of Setting the Pace, a benchmarking report that provides a comprehensive analysis of the elite women’s football landscape globally. The first edition was released in May 2021. The new report, compiled with the support of Deloitte, reveals further growth and development in several areas. ...
-
ArticleTopsports sees H1 earnings, sales slip
Chinese sports retailer and distributor Topsports saw its net profit in the six months ended Aug. 31 decrease by 19.9 percent to 1,145.4 million renminbi (€158.6m), and sales slip by 15.1 percent to RMB 13,218.0 million (€1,829.8m) as recurrent Covid-19 restrictions in China took their toll on store traffic. Despite ...
-
ArticleDeckers: Hoka is more than a running brand
Deckers Brands believes its Hoka brand, already wildly successful, has plenty of upsides ahead as a head-to-toe brand serving running, trail and hiking consumers worldwide like rivals Salomon and VF Corp.’s North Face, and less like running-centric Brooks. “We are re-looking at our category approach,” proclaimed Dave Powers, president ...
-
ArticleClosing the textile loop: Think circularity at every stage
“Talk to us at the beginning, not the end.” OnceMore’s Angeline Elfström on enabling a circular textile system throughout the value chain.
-
ArticleDouble-digit sales decline at Thule Group in Q3
Thule’s net sales in the third quarter decreased by 22.8 percent to 2.14 billion Swedish kronor (€195.87m) compared to the same period in 2021. Adjusted for exchange rate fluctuations, the group’s net sales fell by as much as 29.4 percent. Operating profit amounted to SEK 193 million (€17.67m). This compares ...
-
ArticleVF braces for weaker consumer environment, lowers FY outlook
VF Corp is maintaining its full-year revenue growth guidance of 5-6 percent, citing its balanced portfolio and a building recovery in China as two examples, but has lowered expectations on some key financial metrics due to currency headwinds, higher inventory levels and a more promotional environment. The North Face parent ...
-
ArticleMoncler’s momentum endures
Moncler, through the issuance of an interim report, said consolidated group revenues on a constant-currency basis rose 32 percent during the first nine months of 2002 to €1,556.6 million. Third-quarter group sales increased 12 percent year-over-year on a constant-currency basis to €638.3 million. Moncler brand nine-month revenues were 21 percent ...
-
ArticleGarmin lifts FY EPS outlook, drops sales forecast by 3 percent
For the second consecutive quarter, Garmin has altered its fiscal year 2022 outlook. After lowering its annual revenue forecast by 9 percent to $5 billion in late July, the group is now forecasting FY revenues of $4.85 billion. On the upside, the Swiss company has adjusted its full-year EPS guidance ...
-
ArticleChallenging market conditions continue to weigh on XXL ASA
XXL ASA, the operator of sporting goods across Scandinavia and Austria, continues to see historically low consumer confidence and diminished demand for sporting goods, in general, weigh on its financial results. Earlier, the group said the two trends commenced in mid-May. Now, the retailer, which recently promoted CFO Stein Eriksen ...
-
ArticlePolygiene sales fall as distributors cut order levels
The Swedish Polygiene Group reported lower third-quarter sales and profits as distributors tightened order and inventory levels. The company said net sales fell 21.7 percent to 41 million Swedish kronor (€3.75m) in the three months to Sept. 30, mainly attributed to reduced sales at the distributor level. Operating profit fell ...
-
ArticleSkechers escorts West out of L.A. corporate building
Slowly but surely, Kanye West should realize that he is no longer welcome due to the antisemitic, racist and hateful remarks he made recently across multiple forums. After the recent contract cancellations with Adidas, Balenciaga, CAA, MRC and Gap, Skechers USA now released a statement in which it reports that ...
-
ArticleWhich countries show the most interest in the FIFA World Cup - and how does it compare to the Olympics?
Four out of nine consumers are interested in the FIFA World Cup. How does that compare to the Summer Olympics and who are the fans? YouGov Global Fan Profiles have now revealed that 45 percent of consumers in 50 markets either have “some interest” in the FIFA World Cup or ...
