May 17, 2021
Consolidated net income soared 240% to KRW 134,201 million ($120.5 mm) in the first quarter against KRW 39,500 million, on revenue that increased 25% to KRW 988,281 million ($887.3 mm) from KRW 789,901 million as Fila bounced back from the start of the pandemic last year.
The Brazilian retailer and wholesaler has consolidated its Nike wholesale, e-commerce and outlet store business into Fisia Comércio de Produtos Esportivos, a new entity, and is now accounting for that segment separately from its Centauro sporting goods retail operations.
Authentic Brands Group has teamed up with Wolverine World Wide on a bid for Ex Numero Uno of slightly more than $1 billion, the New York Post reported, citing a source close to the matter.
The Italian fitness equipment brand reported a 10%revenue increase to €128.7 million in the first quarter of 2021, including a 129% gain in Home Fitness B2C revenues to €51.3 million, now accounting for 40% of total revenues.
Sporting Goods/Hobby/Book and Music Store adjusted revenues were up 155% in Apr. to $9,615 million, lapping the widespread retail shutdowns in 2020, but declined 4% from the stellar results in Mar.
The environmentally and politically active apparel brand sits atop the 2021 Axios Harris Poll 100 list of corporations that rank them by reputation, a 31 spot improvement from last year.
The inventor and founder of Kaepa athletic shoes died on May 7, 2021. He was 89.