March 30, 2022 Shenzhou Int’l Results Suffer from Vietnam Closures
Slowing H2 sales in China and Japan hurt the apparel maker, which reported 34% lower profits of RMB 3,371,702,000 ($522.8 mm) in 2021, down from RMB 5,106,736,000, on a 4% sales increase to RMB 23,845,006,000 ($3,697.5 mm) against RMB 23,030,648,000. Nike and Centauro Gains Drive Grupo SBF Results
Net income came in at BRL 288,477,000 ($51.7 mm) against last year’s loss of BRL 4,527,000 on consolidated net revenue up 57%, backing out returns and inter-group eliminations, to BRL 1,683,464,000 ($301.5 mm) over BRL 1,074,033,000 at Brazil’s largest sporting goods retailer and Nike’s distributor there.
The small-market retailer promoted Mike McAbee to SVP, supply chain & store development and Stephani Smith to SVP, merchandising. Fanatics Opening East Coast DC
The new, 500,000-sq.-ft. distribution facility is located in Aberdeen, MD, in an existing building, which will be renovated with modern material-handling equipment over the next two years. Midwest Sports Supply Sues Over Tennispoint
The Signa Sports United-owned tennis e-tailer is suing Tennispoint.com, a GA-based sports software company, asking for a declaratory judgment of non-infringement over the “Tennis-Point” and “Tennis Point” marks. K2 Sports Sues Ride the Slopes LLC
K2 filed suit against Ride the Slopes (RTS) in Los Angeles, CA, district court for infringing on its registered Ride trademark for snowboard products and apparel. Etcetera: Vans, Cocona, Golftec, Puma, Fanatics, Redding Reloading, Mizuno
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