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SGI Europe Executive Edition: Vol 35 - 46+47
Fueled by technical apparel segment, Amer Sports reports strong Q3 | Saucony eyes easier sales comparisons, expanded US distribution in 2025 | Analysis: The latest inventory levels in the sporting goods industry, Q2 2024 | Asics’ momentum continues, moving HQ in 2028 | Under Armour’s turnaround strategy taking shape | On Holding’s Q3 results impacted by currency effects | Fila Holdings delivers 1 percent operating profit gain in Q3 | Mizuno H1 operating profit up 20 percent, maintains FY outlook | GoPro’s ‘challenging year’ continues in Q3 | Canada Goose results impacted by weak DTC comps | Allbirds lowers operating loss as turnaround moves forward | New Wave expects ‘a few more challenging quarters’ as sports & leisure Q3 sales flatline | Acushnet sales up in Q3, but profit dips | Topgolf Callaway Brands drops FY guidance, confirms Topgolf strategy | Golden Goose’s sales rise by 12% at constant exchange rates | Perfect Moment reviewing its European distribution strategy | Yue Yuen posts strong manufacturing but weak retail results | Yonex lifts FY outlook after strong H1 | Alpargatas turns Q3 profit as international, Rothy’s improve strongly | Thule buys market leading niche company for €310 million | XXL to conduct an underwritten rights issue to secure €60 million | UN resolution acknowledges sport as an enabler of sustainable development | Guillaume Meyzenq to be Salomon’s new President and CEO
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Analysis: The latest inventory levels in the Sporting Goods Industry, Q2 2024
Our latest analysis examines industry inventory levels across 32 leading sporting goods companies for the period closest to June 30.
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Canada Goose results impacted by weak DTC comps
The Canadian group’s Q2 saw a 30% drop in operating income amid declining wholesale and DTC sales, but a tax recovery lifted profitability by 54% to C$6.3M.
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Canada Goose generates robust Asia-Pacific sales in Q1
Despite a challenging first quarter with a decline in wholesale, the Canadian company achieved overall sales growth of 4%, driven by strong demand in the Asia-Pacific region for its SS24 collection.
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SGI Europe Executive Edition: Vol 35 - 28+29
Adidas raises FY forecast after better-than-expected Q2 | Footway Group Q2 report and announces sales of Footway+ | XXL Q2 sales disappoint, but signs of improvement in Sweden, Norway | After disappointing Q2 report – XXL’s CEO: “We will cut more in 2024” | Essilux steps out of line and acquires Supreme, and a med-tech company | Decathlon sets up new business entity for investments in future-oriented companies | Apparel manufacturer Hi-Tech Apparel acquires British software company Unmade | Brussels to close tax loopholes exploited by Chinese marketplaces | Anti-synthetics group forms in US Congress | Sanctions hamper Chinese sporting goods export to Russia | Indian fabric supply chain startup raises $1.6m | Decathlon leaves Sweden, replaced by Swedish giant | On with first robot-made spray-on shoe | Ryder Cup 2023 reportedly generated €262m for the Italian economy | The NBA’s winningest team is for sale | Michael Johnson launches new athletics league
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Canada Goose hires new digital platform executive
Alfredo Cunanan Mendoza Tan is Canada Goose’s new Chief Digital & Information Officer.
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Analysis: The top sporting goods industry performers by sales and profits in Q1 2024
Year-over-year RoS improved for Footwear and Diversified/Retail but declined in both Apparel and Equipment in Q1/24. Find out more in our latest scorecard.
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Analysis: The top sporting goods industry performers by sales and profits in 2023
Annual profitability fell by 10.4 percent in 2023, with a decline in annual revenues of almost 3 percent. Find out more in our latest scorecard.
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SGI Europe Executive Edition: Vol 35 - 21+22
VF Corp. fails to deliver yet again, stock tumbles nearly 12 percent | Global survey on women’s sports calls for brand investment | Zwiebler appointed permanent CEO of WFSGI, set to advance global sporting goods initiatives | Technical Apparel segment drives Amer Sports’ Q1 revenue growth | Deckers eyes more double-digit sales growth after strong FY24 | Nidecker Group acquires iconic skate brands, expands legacy in action sports | Under Armour’s latest reset will take many months to unfold | Russian sporting goods market experiences surge in cross-border e-commerce | Castore opens first London outlet store at The O2 | Canada Goose exceeds expectations in Q4 due to DTC, North America´ | Alpargatas maps out new business strategy, turns Q1 profit | Grupo SBF’s Ebitda up 14 percent in Q1 | Google joins Walmart in new funding round for Indian e-tail giant | Galeria’s investors pledge €100m, seek restructuring, Sunday shopping and name change | Will longboarding surf into the LA 2028 Olympics? | Canada Goose’s new Creative Director’s first campaign pays tribute to Jane Fonda | Desport leases former Decathlon retail spaces in Russia
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Canada Goose exceeds expectations in Q4 due to DTC, North America
Canada Goose, which recently hired its first creative director to reshape its product portfolio and elevate its creative aesthetic, reported a 31 percent improvement in Q4 operating income to C$7.6 million (€5.1m) against a C$10.0 million loss in the year-ago period. Net income attributable to shareholders was C$5.0 million. Gross ...