Latest Headlines – Page 75
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ArticleSkechers performs despite China, supply chain concerns
Net income jumped 23 percent to $121.2 million in the first quarter on 27 percent revenue growth to a record $1.82 billion versus $1.43 billion for the period ended March 31. Skechers’ top and bottom-line gains were accomplished despite a challenging environment in the APAC region and persistent higher unit ...
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ArticleSwedish sports retail down in Q1 according to Svenskt Sportforum
The Sportindex from the Swedish sporting goods trade association Svenskt Sportforum shows that total sports retail sales in the country fell 9.6 percent in Q1 2022 compared to the same period last year. Same-store sales fell by 9.3 percent, while e-commerce saw a steeper decline of 16.5 percent. The e-commerce ...
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ArticlePuma maintains FY guidance despite 20% sales jump in Q1
Puma said it still anticipates currency-adjusted sales will increase “by at least 10 percent” in 2022, although it left the door open to “upside potential” after posting better-than-expected sales growth in the first quarter. Sales in the first three months of the year increased by 19.7 percent in local currencies, ...
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ArticleOrtholite hires chief brand officer
Source: Ortholite Kristin Kohler Burrows U.S. insole specialist OrthoLite has hired Kristin Kohler Burrows as its new chief brand officer, a newly created position. Burrows joins the OrthoLite and Cirql teams with experience at footwear brands including Converse, Keds, Adidas, Fila and G.H. Bass, and was most ...
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ArticleSweden’s Löplabbet continues to grow and breaks new records
Intersport Sweden-owned running shop chain Löplabbet closed its books for 2021 with solid growth and new records. For the year, which has been challenging for everyone in the sector, the development was positive in all of the chain’s stores and e-commerce. Source: Löplabbet Stellan Kinell, head of Löplabbet ...
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ArticleBrooks stronger than ever as running industry grows
After ending 2021 with global sales of more than $1.11 billion, Brooks Running expects double-digit year-over-year growth in 2022. Despite ongoing disruptions in the global supply chain impacting the running industry, Brooks claims it will continue to deliver for runners and outperform the competition. In Q1 2022, Brooks took first ...
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ArticleFIBO is back and the fitness industry is moving again
51,270 visitors attended the world’s largest fitness trade show, FIBO in Cologne, from April 7 to 10, according to the organizers. Internationally, the show was able to attract experts from 109 countries, including Italy, Spain, France, the U.K. and Poland, South Africa, Australia and Brazil, and from Israel and the ...
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ArticleThule’s margins hold up as Q1 sales grow 20%
Thule Group saw growth across geographies and product lines in the first quarter of 2022, with sales rising by a reported 19.5 percent compared to the year-earlier to 3,034 million Swedish kronor (€291.7m). On a currency-adjusted basis, sales increased by 13.4 percent. Margins were resilient as price hikes and efficiency ...
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ArticlePuma launches circular economy project Re:Jersey at Manchester City Premier League match
Manchester City players wore special Puma jerseys made from recycled soccer jerseys as part of Puma’s Re:Jersey recycling project ahead of the Premier League match against Watford (score: 5-1) on April 23. Re:Jersey aims to reduce waste and pave the way for future circular production models. While Puma’s soccer jerseys ...
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ArticleOriginal Buff is closing out a year of “sales corrections”
In what CEO David Camps is calling a “year of sales corrections,” Original Buff expects to round out its fiscal year 2021-22 this month with revenues of about €55 million, down by 35 percent from the previous year’s record total of €85 million. That boost, he says in an interview ...
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ArticleEarth Day 2022: IOC presents Carbon Action Awards to 20 sports organizations
To mark Earth Day 2022, 20 major sports organizations were presented with the Carbon Action Awards of the International Olympic Committee (IOC), which recognize efforts to reduce their greenhouse gas emissions. The 20 organizations, including twelve international sports Federations (IFs), seven National Olympic Committees and the Association of National Olympic ...
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ArticleEarth Day 2022: “Invest in our planet”
The applause for the smartest Earth Day campaign certainly goes to Allbirds. At www.keeptheamazonprime.com, a “global e-commerce platform you can’t live without,” the shoe manufacturer promotes donations for the Amazon. Every donation is doubled by Allbirds. The European Outdoor Conservation Association (EOCA) has launched a fundraising campaign for Earth Day: ...
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ArticleLululemon aims to double its sales, focuses on international expansion
Lululemon has an ambitious five-year growth strategy that aims to double its sales by 2026, relying heavily on international expansion and quadrupling sales outside North America.
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ArticleAsics’ State of Mind Index proves the positive impact of physical activity on the world’s mental health
Asics has announced the results of its inaugural Global State of Mind Index, which proves a direct positive link between exercise and mental health, but uncovers the worrying potential impact of lower levels of activity in younger generations across the globe. The first-of-its-kind global study, which tracked the mental state ...
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ArticleIOC and stakeholders support Ukrainian Olympic Community and athletes
Source: World Athletics/IOC World Athletics’ fund support professional athletes affected by the war in their home country. As normal civil life is made impossible in Ukraine due to the Russian invasion, so is regular training for most athletes in the country. The International Olympic Committee (IOC) has ...
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ArticleDeloitte media consumer study 2022 examines the metaverse phenomenon
The metaverse and its new possibilities are moving the digital media world. Consultancy Deloitte has dedicated its new media consumer survey 2022 entirely to this topic. The market researchers’ latest study, conducted among 2,000 consumers in Germany in February 2022, shines a light on consumers’ attitudes to the virtual world. ...
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ArticleBlackwells wants Peloton to transform or sell
Peloton is again under pressure from activist investor Blackwells Capital LLC, which owns nearly 5 percent of the company and in January urged Peloton Interactive co-founder and CEO John Foley to resign. Blackwells released a presentation on April 12 stating that “two months since Peloton hired one of the highest-paid ...
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ArticleIs Korea the new driver of golf?
The head of Sports Marketing Surveys for Asia, Eric Lynge, writes in a recent column that Korea will be “the next driver in global golf.” For one thing, the rise in domestic demand is “hard to miss.” Golf has become prominent in fashion and advertising. In addition to the PGA ...
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ArticleX-Technology reorganizes leadership team
After the sale to investors in November, the company is moving into the future with a new management team - including familiar faces from Mammut.
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ArticleWintersteiger returns to profit, plans spin-off of its divisions into independent entities
Wintersteiger, the Austrian supplier of ski rental and ski service systems, reports a return to growth and profit in 2021. After a pre-tax loss (Ebt) in 2020 of just under €10 million and a 26 percent drop in sales, the group was back on track for growth in 2021, reporting ...
