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November 26, 2024


Dick’s Raises Full-year Guidance on Q3 Strength

Net income improved by 13% in the third quarter to $227,813,000 from $201,106,000 on revenues that inched up to $3,057,181,000 from $3,042,405,000, including a $105 million unfavorable impact from the calendar shift of a week out of Q3 and into Q2.

Kohl’s Gets Another New CEO after Weak Q3

In the third quarter, net income dropped 63% to $22 million from $59 million as sales slipped 9% to $3,507 million from $3,843 million, with comps off 9.3%, led by softness in apparel and footwear.

Trump Targets Mexico and Canada with Tariffs

President-elect Trump added another wrinkle to tariff worries with a Truth Social post promising a round of tariffs on top trade partners immediately upon inauguration, proposing a 25% tariff on all products from Mexico and Canada and an additional 10% for Chinese goods on top of existing rates.

Golden Goose’s Bottom Line Rises 8%

The luxury Italian sneaker maker’s adjusted EBIT was up by 8% to €118.5 million for the first nine months of 2024, on revenues that rose by 12% constant currency to €466 million, in line with a pre-announcement earlier in the month.

Le Coq Sportif Enters Receivership

The Commercial Court of Paris has placed the iconic French brand into receivership for the next six months, Sporting Goods Intelligence Europe first reported.

Manchester United Retail Sales Fall in FQ1

ManU commercial revenue declined 6% to £85.3 million ($93.7 mm) from £90.4 million in the first fiscal quarter ended Sep. 30, as retail, merchandising, apparel & product licensing inched down 2% to £33.5 million ($36.8 mm), hit by the Red Devils’ absence from the lucrative Champions League.

OrthoLite Expands in India, Adds Key Hires

The insole maker is expanding its footprint in India with a new facility and sales office to meet the growing number of regional brand partners.

POMOCA Opens New Switzerland Factory

After three years of construction, the Oberalp Group-owned ski skins brand opened its new $13.5 million headquarters in Chavornay, Switzerland.

VF Corp. Moving Dickies to Vans HQ

VFC is relocating the Dickies headquarters from Fort Worth, TX to its existing offices in Costa Mesa, CA, where the Vans management team is based.

Amer Sports Settles with Rottefella

Amer has reached a deal with Rottefella, settling the years-long patent dispute over movable binding systems for cross-country skis, according to a press release from the parties.

Etcetera: Adidas, Bettinardi Golf

 
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