May 17, 2023
The U.K.-based retailer’s North American revenues from its JD Sports, Finish Line, DTLR Villa and Shoe Palace chains increased 8% to £2,845.6 million ($3,457.6 mm) in the fiscal year ended Jan. 28 from £2,624.2 million prior, while the Macy’s Finish Line shop-in-shops contributed another £280.7 million, flat year-over-year.
The down under retailer hopes to keep the positives of Australia’s lockdown whirlwind sticky with fleet expansion across its sports and outdoor banners, in a new strategy outlined at its 2023 Investor Day.
The Taiwanese parent of Yue Yuen and supplier to Nike, Adidas and Reebok announced additional layoffs in Vietnam, aiming to let go 5,744 workers there between June 24 and July 8, according to state media reports.
The owner of The North Face, Helly-Hansen, Canturbury and other brands for Japan finished the fiscal year ended Mar. 31 with a 32% jump in net income to ¥4,709 million ($35.8 mm) from ¥3,561 million, as revenues grew 16% to ¥28,306 million ($215.0 mm) from ¥24,453 million.
Sales at Sumitomo Rubber Industries sports brands improved 19% in the Mar. quarter to ¥35,468 million ($267.9 mm) from ¥29,685 million, generating operating profit of ¥5,459 million ($41.2 mm), up 37% from ¥3,980 last year.
Facing a liquidity shortfall and the possibility of default, the bike training equipment maker has fully recapitalized its business and eliminated all of its debt, led by Wahoo founder Chip Hawkins as well as new and current investors.
The TJX-owned outdoor banner opened the first three of 18 planned new stores for the year, ending the first quarter with 81 locations along with its DTC e-commerce site.
Phil Dickinson, who joined LULU last July as SVP and global creative director, has passed away according to multiple reports.