After a year when constant currency sales grew by more than 50%, ONON expects growth in 2024 will moderate to least 30%, implying CHF 2.25 billion, still above the three-year CAGR of 26% guided at its investor day last fall.

After a 23-year tenure in which he built Brooks Running from near bankruptcy into a billion-dollar brand, Jim Weber will step down from the top job on Apr. 26, handing the reins to long-time company veteran Dan Sheridan, who currently serves as president and COO.

Net loss more than doubled to $56,779,000 from $24,866,000 on a 15% sales decline to $71,990,000 from $84,178,000 in the fourth quarter as the transformation plan announced a year ago hit both ends of the P&L.

KSS’ new CEO, Tom Kingsbury revealed the mass merchant will make a hard pivot away from active and athletic in favor of a growing commitment to Sephora, a new partnership with Babies R Us, and the home, gifting and impulse categories.

The industrial yarn and footwear component supplier’s bottom line swung to $56.5 million in income from last year’s loss of $14.7 million last year, despite 9% lower sales of $1,394.2 million against $1,537.6 million.

Retail, merchandising, apparel & product licensing revenue was up 15% to £32.6 million in the fiscal second quarter ended Dec. 31, primarily driven by the extension of its contract with Adidas and strong megastore performance.

The Hong Kong-listed Chinese sportswear brand may be taken private by its founder and namesake, Olympic champion gymnast Li Ning, Reuters reported, citing informed sources.

The Permira-owned luxury sneaker brand said that its revenues increased 18% constant currency in 2023 to €587 million ($635 mm), with all geographies contributing to the growth.

Italian private equity group Style Capital has acquired a 50.2% stake in Autry International, the owner of the Italian sneaker brand, and announced a retail expansion plan that will see the opening of more than 20 Autry brand stores in luxury shopping destinations in Italy and abroad.

The tennis icon’s sportswear company has seized full control over the design, development, and distribution of its footwear line from licensee, Serve & Volley, which is reorganizing.

The long-term shareholder, who owns approximately 5% of Gildan’s outstanding shares, has filed suit with the Quebec Superior Court against GIL and the company’s board of directors in order to protect shareholder’s rights at the scheduled May 28 annual meeting.