Latest Headlines – Page 74
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ArticleSuper Retail Group unveils sales, strategies for three banners
Super Retail Group, the Australian retailer with two outdoor formats and one focused on sporting goods, reported mixed results for the week 27 to 43 period. Rebel Sport, hurt by limited stock availability in some categories that included footwear, suffered a 4.0 percent year-to-date decline in same-store sales. SRG’s outdoor ...
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ArticleObituary: Peter Moore
Peter Moore, who shaped Nike’s and Adidas’ product design in the 1980s and 1990s, passed away on April 29 at the age of 78. After working freelance as a design consultant for Nike since 1977, Moore joined Nike in 1983 as its first creative director, working with Bruce Kilgore to ...
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ArticleMips reports excellent first quarter
In the first quarter of fiscal 2022, Swedish helmet technology and Brain Protection System (BPS) manufacturer Mips AB reported preliminary net sales of SEK 137 million (€13.22 million), an increase of 65.1 percent year-on-year. Organic growth amounted to 48 percent during the quarter. It is mainly based on the success ...
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ArticleGMG and SUTL close deal for Nike stores in Singapore and Malaysia
GMG, a global company distributing and manufacturing a portfolio of leading international and domestic brands in the sports, food and health sectors, headquartered in Dubai, has acquired Nike-only stores from SUTL Corporation, a Singapore-based consumer and lifestyle products distribution company representing global brands in Asia. Under the agreement, all Nike-only ...
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ArticleOngoing war in Ukraine weighs on German consumer sentiment
As the consumer barometer of the German Retail Association (HDE) shows, consumer sentiment among Germans is continuing to deteriorate in May. After plummeting massively following the start of the Russian war in Ukraine, the index is now declining again. This is the sixth month of consecutive declines in the HDE ...
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ArticleAiresis sees FY losses narrow as revenues rise 41%
Airesis, the Swiss holding company that controls Le Coq Sportif and Movement Skis, saw its net loss in the year ended Dec. 31 narrow to 10.6 million Swiss francs (€10.4m) from CHF 23.4 million the year earlier as consolidated revenues grew by 41 percent to CHF 143.9 million (€140.9m), supported ...
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ArticleItaly’s sporting goods industry association says winter season has shown positive signs
Assosport, the Italian sporting goods industry association, has described the past 2021/22 season as a positive one for winter sports after the dark period of the pandemic. Covid-19 forced to cancel virtually all activities from March 2020 until the end of 2021, with severe repercussions on the broader sector. Most ...
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ArticleNPD Q1 report sees U.S. footwear industry slowing down and market shifting towards new brands
Consulting firm NPD has released its latest figures for the first quarter of 2022 of the U.S. footwear market. Both the footwear industry’s sales and the revenue declined year-over-year in Q1. Sales were down 3 percent, unit sales were down 12 percent, while average prices were up 11 percent. Compared ...
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ArticleColumbia Sportswear posts double-digit sales gains in EMEA, U.S., led by footwear
Columbia Sportswear’s first-quarter net income rose by 20 percent to $66.8 million as total sales increased by 22 percent to $761.5 million against $625.6 million for the period ended March 31. Operating income was down slightly at 11.0 percent versus 11.3 percent, while gross margin was off 170 basis points ...
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ArticlePolygiene posts higher net sales in Q1, sees decline in operating profit
Polygiene reported a rise in first-quarter sales, despite ongoing difficulties due to inflation, supply-chain constraints and the war in Ukraine. The Swedish firm reported net sales of 45.1 million Swedish kronor (€4.3m) for the three months to March 31, an increase of 7.5 percent compared to the same period last ...
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ArticleThe size of 140 tennis courts: Nike’s new Serena Williams Building
The new Serena Williams Building (SW) is the largest office building at Nike’s Oregon headquarters, covering the equivalent of 140 tennis courts (approximately 93,000 square meters). It is also where Nike’s Consumer Creation teams, representing Design, Consumer Insights, Women’s, Men’s and Kids Constructs, and Apparel and Footwear Product Merchandising, have ...
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ArticleFESI welcomes preliminary agreement on DSA, but calls for better corporate and consumer protection
FESI has commented with approval on the preliminary political agreement reached on April 23 between the EU Parliament and Council on the Digital Services Act (DSA) proposal. The agreement paves the way for a safer and fairer online environment by strengthening the liability of online platforms for illegal content, especially ...
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ArticleCallaway sees Topgolf driving growth in new strategic plan
Callaway is eyeing growth from increasing product diversity through Topgolf and apparel, outlining how the off-course game and pandemic-driven activewear and outdoor boom are shifting its sales makeup while continuing to grow golf equipment. The company announced preliminary first-quarter results in conjunction with its annual investor day. First-quarter revenue totaled ...
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ArticleGreenpeace: Exports of old clothes are used to dispose of plastic textile waste
On Earth Day and as part of Fashion Revolution Week, Greenpeace Germany published the results of on-site research revealing the devastating consequences of used clothing exports for the people and the environment in countries such as Kenya and Tanzania. The overproduction of the fast fashion industry is ...
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ArticleSport 2000 launches new internationally harmonized brand claim and campaign
For the first time in the company’s history, Sport 2000 has worked out an internationally harmonized brand campaign under the new claim “Home of experts” that rolls out in all Sport 2000 countries this April. With the tagline “Welcome Home” at the heart of the campaign, Sport 2000 aims to ...
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ArticleHanesBrands releases 2021 sustainability report
U.S.-based HanesBrands Inc, the owner of brands such as Champion, Hanes and Bonds, has released its 2021 Sustainability Summary Report, outlining progress and plans to achieve ambitious sustainability goals by 2030. “At HanesBrands, sustainability is integrated into everything we do – from our iconic brands to sourcing our materials to ...
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ArticleNike to launch glue-less shoes that can be taken apart in minutes
The Nike ISPA team (Improvise; Scavenge; Protect; Adapt), which experiments with new, unorthodox products and manufacturing methods, will introduce a new shoe model this spring that showcases the brand’s innovative capabilities and offer a glimpse into the future of circular design: The Nike ISPA Link. And in 2023, the next ...
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ArticleGarmin reports record first quarter revenue, growth in all segments except fitness
Garmin reported total revenue of $1.17 billion in Q1 2022. Strong double-digit growth in the outdoor, marine and automotive segments was primarily responsible for the nine percent year-over-year increase. Only the fitness segment saw double-digit declines, and aviation grew by 1 percent. The gross margin was 56.5 percent, while the ...
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ArticleXXL fails to get boost from Mother Nature in Q1
XXL ASA, citing challenging winter conditions in January and February despite a promising start to the winter season in late 2021, reported a net loss of 175 million Norwegian kroner (€15.4m) in the first quarter ended March 31. Ebitda declined 64 percent to NOK 75 million (€7.6m) from NOK 207 ...
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ArticleFútbol Emotion changes hands
Fútbol Emotion is under new ownership and management. Meridia Capital has sold the large minority stake it had held since May 2018 to Grupo Tansley, which has now put together a majority stake, wresting control away from the founding Sánchez Broto family. No further details on terms or the size ...
