In Q1 2022, the Italian eyewear group recorded net sales of €282.6 million, up by 8.4% at constant rates. Gross income was on the rise too, up by 23%, as were gross margin, at 55%, and adjusted EBITDA, at 11.3%.
The American Apparel & Footwear Association has a new leadership. Sarah Clarke, head of supply chain at PVH Corp., has taken over for a two-year term as chair of the US industry association based in Washington, DC.
Under Armour Inc on Friday warned that higher transportation costs would squeeze its earnings in the current quarter, as the sportswear maker wrestles with COVID-19-led disruptions to its supply chain.
There’s no signs of a slowdown in Frasers Group’s expansion plans. Its core athletic sportswear brand Sports Direct is opening another flagship store, this time at the 280,000 sq ft St Anns Shopping Centre in Harrow.
Footwear fit tech specialist Volumental has raised $13 million in a new funding round as it works to grow in Europe and Asia. It has the world’s largest dataset of 3D foot scans and is already strong in the US market.