Insight Reports 11 minutes PremiumSportswear Brands in 1Q23: High Costs and Promotions Erode Margins, but Key Brands Remain Positive for Full-Year 2023 Sunny Zheng, Analyst Sector Lead: Anand Kumar, Associate Director of Research May 25, 2023 Table of ContentsIntroduction Sportswear Brands in 1Q23 Increasing Total Revenues, But Declining Gross Margins Inventories Remain High, Impacting Wholesale Businesses Footwear Outperformed Apparel in Terms of Sales Growth Brands Remain Positive for Full-Year 2023 What We Think Implications for Brands/Retailers What's InsideWe examine the first-quarter earnings releases of six sportswear brands or brand owners to gain valuable insights, including the impact of the Yeezy line at Adidas, and offer forward-looking implications on pricing, inventory clearance and supply chain management. Companies featured are those within our Coresight 100 coverage list, our watch list of key brands and retailers. Data in this research report include: Revenues and gross margins of selected sportswear brands in the first quarter of 2023 Inventories of selected sportswear brands at the end of the first quarter of 2023 Apparel and footwear sales of selected sportswear brands in the first quarter of 2023 Companies mentioned in this report include: Adidas, Columbia Sportswear, Puma, Skechers and Under Armour Other relevant research: US Sportswear Retail: Multibrand Retailers Confront DTC Threats Experiential Retail in Sportswear: Driving In-Store and Online Shopper Engagement Head-to-Head in China’s Sportswear Market: Anta vs. Li-Ning The Coresight 100 List This report is for Premium subscribers only. Learn more about subscriptions here.If you are a Premium subscriber, please log in. Other research you may be interested in:
