CLOTHING SECTOR GLOBAL REVIEW OF THE YEAR – 2016
December 1st, 2016
2016 – Winners and losers
RETAILERS & BRANDS
WINNERS
US-based sportswear brand Under Armour delivered its 26th consecutive quarter of 20%-plus revenue growth in the third quarter of 2016, with sales increases across all divisions. Net sales were up 22% in the third quarter to USD1.47bn. Apparel sales accounted for the lion’s share, rising 18% to USD1.02bn in the quarter, matched by an increase in accessory sales, which also rose 18% to USD122m. The company is forecasting full year sales of nearly USD5bn, a growth of around 24% ...
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