Latest Headlines – Page 71
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ArticleLululemon delivers balanced, consistent growth in Q1
Net income increased 31 percent to $189.99 million from $144.96 million for the period ended May 1, as total revenues rose 31.6 percent to $1,613.46 million from $1,226.47 million. Operating income increased 34 percent to $260.3 million, representing 16.1 percent of overall revenues versus $193.8 million or 15.8 percent of ...
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ArticleFESI outlines strategic development plan for 2022-2025
After two days of intensive workshops during an extraordinary meeting in Vienna, the Federation of the European Sporting Goods Industry (FESI) has successfully consulted its members on its strategic development plan for the next three years. From policy priorities to member services and membership expansion, FESI is currently working on ...
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ArticleNew French survey highlights the role of brands and media in women’s sports
BVA Group, a research and consulting firm specializing in behavioral science, has released the preliminary results of a survey on the role of brands and media in women’s sports in France. The study was conducted on a representative panel of French people, combined with the analysis of the activity of ...
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ArticleSigna Sports United Q2 sales bolstered by acquisitions
Signa Sports United (SSU), battling worsening consumer sentiment in Europe and persistent bike/e-bike shortages as headwinds, expanded second-quarter revenues by 47.5 percent to €269.0 million from €182.0 million. The increases were aided by including results from its recent WiggleCRC and Tennis Express acquisitions (closed on Dec. 14 and Dec. ...
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ArticleHummel reports record year, triples German business over last three years
Hummel, the nearly 100-year-old Danish company, has reported its best annual results ever. Net profit reached 115 million Danish Kroner (€16.6m) in 2021 as turnover increased by DKK 511 million to DKK 1.858 billion (€249.7m). Wholesale revenues, which grew by 30 percent, remain a priority of the company that also ...
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ArticleNew Frasers Group CEO reorganizes leadership team
Michael Murray, the new CEO of Frasers Group, posted on LinkedIn on May 31 that five weeks into his tenure, part of his commitment is to “get the right people on board, to lead Frasers Group into the future and build on our solid foundations.” According to the posting (there ...
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ArticleThe winners of the second ISPO Awards judging round
Thanks to a new concept, the ISPO Awards presented the second of four annual sets of winners earlier this week. The jury selected 23 sports products from a wide range of categories in this round, most of which demonstrated convincing new solutions regarding sustainability or low weight. Many of these ...
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ArticleDeportes Cronos to expand Portuguese footprint
According to CMDsport, Deportes Cronos plans to open three stores in Portugal in the first half of the present year, bringing its total to six. And there are plans for more before the year is out, although how many remains unclear. The Spanish buying group is pursuing a policy that ...
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ArticleArklyz continues to invest in retail businesses
First Shoe City store. © Arklyz Group Following Arklyz Group’s July 2021 acquisition of The Athlete’s Foot (TAF) from Intersport International Corp. and its acquisition of Asphaltgold, a European omnichannel provider of high-end sneakers and streetwear based in Germany, earlier this month, the acquisition-happy Swiss retail group ...
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ArticleIEEFA study shows high pressure on Vietnam’s industry to move to renewable energy sources
Since the Vietnamese economy largely relies on the export-dependent manufacturing industry, the country is more exposed to multinational corporations and the global consumer market than any other developing Southeast Asian country says a newly released paper by the Institute for Energy Economics and Financial Analysis (IEEFA). The organization has studied ...
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ArticleGymshark FY profit up 47 percent, readies London store
Gymshark Group Ltd.’s net profit rose by 47 percent to £36.5 million (€41.4m) from £24.8 million for the 12 months ended July 31, 2021. Group revenues for the DTC-only brand increased by 68 percent to £401.9 million (€455.8m) from £260.7 million. Financial year operating profit slipped to 11.6 percent from ...
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ArticleDifference in understanding of concussion causes and potential risk reduction in the U.S. and Germany
A survey conducted by consumer survey firm Nielsen and commissioned by Mips, the Swedish helmet safety technology company, has found that a wide gap exists between Americans’ and Germans’ knowledge of concussions and how to reduce the risk of concussions through helmet use. Nielsen surveyed a representative sample of 1,000 ...
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ArticleNautilus reports Q4 loss as retail re-orders drop
Nautilus recorded an operating loss of $21.9 million against an operating profit of $39.7 million in the fourth quarter as retail re-orders were depressed. Gross margin slid to 17.5 percent from 38.3 percent, a factor that the company blamed on higher product costs, logistics, increased discounting, and additional investments in ...
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ArticlePádel on track to unseat tennis in Europe
According to a recent study conducted by Monitor Deloitte and Playtomic, pádel could soon surpass tennis as Europe’s top racquet sport and become one of the most popular sports in the world. Even in the thick of the pandemic, from 2020 to 2021, the Continent was opening 98 pádel courts ...
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ArticleFoot Locker sees FY sales at top end of estimates as Q1 hit estimates
The U.S. retail chain Foot Locker said it now expects full-year sales to be at the high end of guidance after better than expected first-quarter results. Comparable store sales fell 1.9 percent in the first quarter to April 30, better than the 3.5 percent decline expected by analysts. The company ...
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ArticleVF Corp going strong despite slowdown in Q4 sales due to China lockdowns
VF Corp reported a revenue increase of 9 percent to $2.8 billion (€2.65bn) in the fourth quarter of 2022, driven by The North Face (TNF), although sales at Vans were flat during the period. Sales were boosted by a 15 percent increase in the EMEA region and 12 percent in ...
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ArticleDeckers’ revenues top $3 billion for first time, Hoka set to surpass $1 billion
In an exceptional display of corporate resilience and growth, Deckers has announced a record-breaking revenue topping $3 billion. In the spotlight is the Hoka brand, which has not only contributed significantly to this success but is also on track to surpass a significant milestone of $1 billion in sales.
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ArticleCanada Goose will drive DTC sales higher this year
Canada Goose, which is forecasting 18 to 27 percent revenue growth to C$1.3 to C$1.4 billion (€893.1m-€961.8m) this financial year ending in April 2023, intends to grow its Direct to Consumer business for the 12 months in the low to high teens on a comparable basis. If that objective is ...
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Salomon completes research on the ecological impact of its Index.01 shoe
Source: Salomon Index.01 Three years after the market introduction of its recyclable running shoe Index.01, Salomon has presented a study by its footwear team that has researched the shoe’s environmental impact compared to a conventionally manufactured road running shoe. Since 2019, shoes have been returned to Salomon ...
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ArticleFrisk to step down from all positions at Under Armour
Nearing the completion of a multi-year, $525 to $550 million restructuring, and 10 days after disclosing that short-term challenges will impact its sales, profitability, and margins for much of 2022, Under Armour late on May 18 appointed Colin Browne as its interim president and CEO, effective June 1. On that ...
