May 17, 2023 JD Sports Rebounds in North America
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. Super Retail Group Maps Expansion with New Formats
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. Pou Chen Plans Second Round of Vietnam Layoffs
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. Goldwin Tops ¥100 Billion in Revenues
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. Dunlop Sports Maintains Momentum in Q1
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. Wahoo Fitness Founder Buys Company Back
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. Sierra Opens Three Stores in Q1
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. Lululemon’s Global Creative Director Has Died
Phil Dickinson, who joined LULU last July as SVP and global creative director, has passed away according to multiple reports.
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