July 23, 2021
Accell net income jumped 54% to €44,155,000 ($53.2 mm) in the first half of 2021 from €28,616,000 last year, on a 3% sales improvement to €699,133,000 ($842.3 mm) against €676,881,000, which was limited by supply and logistical headwinds for critical components.
StockX reported a 90% increase in gross merchandise value (GMV) going through its marketplace for the first half of 2021, led by 250% growth from electronics such as gaming consoles and video games, a category it entered last fall to capitalize on the Xbox X and PlayStation 5 scarcity.
Performance footwear sales grew 23% in the second quarter to $2.0 billion from $1.6 billion in 2019, according to NPD Group, trailing leisure footwear, which increased 31% to $3.9 billion, while fashion footwear dropped 6% to $4.1 billion.
The licensing company has sold its 65% stake in DVS Footwear International to Elan Polo International for $2 million in cash, according to an SEC filing.