March 13, 2024 Adidas Sees 2024 Recovery after First Loss in Years
The Big a’s decision to sell—rather than write off—remaining Yeezy inventory salvaged what would otherwise have been a disastrous 2023, but the view forward remains somewhat murky, especially in the U.S. market where high retail inventories are still an impediment to growth. Stephanie Linnartz is Out at Under Armour
Under Dog chairman Kevin Plank is taking back the reins at the company he founded, replacing Linnartz as president & CEO effective Apr. 1, just 13 months after she started. Yue Yuen Retail Bounces Back but Manufacturing Dips
The solid recovery at Pou Sheng was not enough to offset weakness at the footwear manufacturing segment, sending YY’s net income attributable to shareholders down 7% to $274,710,000 last year from $296,347,000 on 12% lower sales of $7,890,168,000 against $8,970,228,000. 361 Degrees’ Profits Jump on Higher Sales
Net income attributable to shareholders at the Chinese sportswear brand was up 29% to RMB 961.4 million ($135.7 mm) last year over RMB 747.1 million on a 21% revenue gain to RMB 8,423.3 million ($1,189.1 mm) from RMB 6,960.8 million, getting a boost from sponsorship at the 19th Asian Games, consumer confidence bouncing back and ongoing government investment in the industry. Giant Group’s Sales, Net Drop Double Digits in 2023
The Taiwanese bike maker suffered declines through the year after a banner 2022, ending with 42% lower net income attributable to shareholders of TWD 3,401.4 million ($109.0 mm) down from TWD 5,843.9 million, as revenues slipped 16% to TWD 76,953.5 million ($2,466.5 mm) from TWD 92,043.7 million. Leatt Results Plunged in 2023, Expects Normalization This Year
Net income at the South African protective equipment maker crashed 92% to $803,159 in 2023 compared to $9,960,453 in the prior year on 38% lower revenues of $47,241,187 down from $76,335,539.
The TZP Group portfolio company has acquired No. CA’s specialty retailer, Soccer Pro, and its seven retail locations. Tethrd Taps Dan Chumbler as CEO
The saddle hunting equipment maker appointed Dan Chumbler as its new CEO last month. Etcetera: Foot Locker, Vans, TMC, Nosler
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