New Wave Group Sees Sales Slow in Q2
New Wave Group, the Swedish parent of sports brands Craft and Cutter & Buck and distributor of other labels, reported sales were down 4% in the second quarter to SEK 2,300 million ($237.8 mm), including a 5% decline in the sports & leisure segment. Net profit was 14% lower at SEK 167 million ($17.3 mm) from SEK 210 million. Gross profit narrowed by 100 basis points to 48.0%. Sports & Leisure total sales were SEK 910 million ($94.1 ... Log in to view full article.
