October 25, 2024 Retail Executive Pay Inched Higher in 2023
The 76 highest paid executives at public sporting goods retailers saw last year’s total compensation increased a modest 1% for those with comparable earnings in both 2023 and 2022, but the overall average fell to $2,938,325 compared to $3,122,455 in 2022. Newell Outdoor’s Sales Slide Again
The travails continue at NWL’s Outdoor and Recreation segment, which includes Coleman, Campingaz, Contigo, and Marmot, with sales down 21% in the third quarter to $183 million from $231 million. Fenix Outdoor’s Brand Segment Struggles in Q3
Revenue from the Swiss outdoor company’s branded segment’s external sales, which includes Fjällräven, Tierra, Royal Robbins and others, declined 21% to €47.4 million ($52.1 mm) in the third quarter from €59.8 million. Yue Yuen Issues Positive Profit Warning
Yue Yuen announced that its net income attributable to shareholders would be up about 140-145% to approximately $337.4 million, driven by its growing order book as the global footwear industry normalizes. China Dongxiang Falters in Q2, First Half
The Chinese sportswear company’s Kappa brand retail sales fell high-single digits in the fiscal second quarter ended Sep. 30, and were down mid- to high-single digits in the first half. Etcetera: Under Armour, Reebok, Adidas, Craft Sportswear
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