April 19, 2023
The outdoor co-op saw plunging gross margins and SG&A expansion send its bottom line $164,712,000 into the red last year, against a $97,661,000 profit in 2021, as revenues grew 3% to $3,850,174,000 from $3,739,259,000.
The recently announced move into India by Yue Yuen is the latest tailwind for the country’s burgeoning athletic footwear industry as it ramps up both as a sourcing destination and from its own domestic demand.
Amer Sports tapped former Big Foot exec, Andrew Page as group CFO, succeeding Douglas Gilbert, who has been filling in on an interim basis since Jussi Siitonen resigned two years ago.
Former PepsiCo exec, Emily Silver will be Dick’s new CMO, succeeding company veteran Ed Plummer, who is retiring after a 13-year career with the retailer.
As previously reported by Bloomberg, the lulunatics are trying to sell Mirror, their connected fitness white elephant, and now CNBC has reported that LULU approached Hydrow as a potential buyer.