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April 10, 2024


Feng Tay Sales Slip on Lower Footwear Demand

Net income attributable to shareholders at the Taiwanese footwear and sporting goods manufacturer was down 69% in the fourth quarter to TWD 263.4 million ($8.2 mm) from TWD 839.1 million as revenue slipped 1% to TWD 22,535.2 million ($698.6 mm) from TWD 22,863.4 million.

Yue Yuen Sees Footwear, Retail Down in March

YY’s manufacturing revenues fell 14%, the third consecutive month of declines, to an implied $444,999,000 contributing to a 5% decline in total revenues at the Chinese footwear maker and retailer to $662,199,000 last month.

361 Degrees Tallies Double-Digit Q1 Growth

The Chinese sportswear brand reported that brick-and-mortar sales of core branded product rose high teens in the first quarter of 2024 compared to last year.

February Retail Imports Top Forecast

Coming in at 1.96 Twenty-Foot Equivalent Units, Feb. retail imports at U.S. container ports handily beat forecasts and were up 26% year-over-year, according to the NRF and Hackett Associates.

Nike Will Succeed Under Armour at Auburn

Beginning in 2025, AU will no longer sport UA on its team uniforms, as Auburn University has decided to sign with the Swoosh in a new 10-year apparel deal.

Puma Launches New Campaign Initiative

Dubbed “Forever. Faster. - See the Game Like We Do”, the marketing campaign will be The Big Cat’s first worldwide effort in ten years, aimed at boosting performance product sales.

EXPLORE Act Passes House

Recent legislative efforts to expand public land access took a step forward this week with the House’s passage of the EXPLORE Act, a companion bill to the America’s Outdoor Recreation Act which moved out of committee in the Senate last May but has since laid fallow.

Deckers Files Suits over Copycats

DECK filed suit in CA district court against River Island Clothing and retailer ASOS for copying its Ugg Fluff Yeah design and infringing on its trade dress with River Island’s Faux Fur slippers.

Etcetera: Carbitex, Anechoic, OrthoLite

 
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