March 09, 2022 Adidas Guides for Double-Digit 2022 Growth
Lost manufacturing capacity from Vietnam’s Q3 factory shutdown resulted in a €1 billion top line hit for Adidas, with an estimated €400 million shortfall in the final quarter of last year, and the balance affecting Q1, 2022. Vulcabras Gains from Mizuno and Under Armour
Net income at the Brazilian footwear maker rose 49% to BRL 81,220,000 ($15.5 mm) over BRL 54,583,000 on 35% higher revenues of BRL 620,005,000 ($118.5 million) from BRL 459,054,000. Skechers Sees Minimal Impact from Russia, Inflation
Skechers announced a suspension of shipments to Russia an hour ahead of its presentation at the UBS Global Consumer & Retail Conference, noting that its distributor business in Russia and Ukraine account for less than 1% of global sales, with store counts of about 25 in each country. Crocs Pauses Russia, Reiterates Guidance
The clogmaker is the latest industry company to cease operations in Russia following its invasion of Ukraine, noting that only about 2% of its business comes from the country. Fanatics Collectibles Launches Trading Cards
The subsidiary of Fanatics, Inc. is launching trading card brand Zerocool, as well as utilizing a DTC platform dedicated to market-based pricing that will use a true Blind Dutch Auction process.
SRAM, which is coming off its Jan. purchase of cycling computer maker Hammerhead, has made its first foray into apparel with the acquisition of 9-year old cycling brand Velocio, for undisclosed terms. Etcetera: Reebok, Paris Saint-Germain
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