All XXL articles
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ArticleAnalysis: More than half of the outdoor stocks make gains in Q1
Our Q1 Outdoor Index includes the revenue and profit development of 37 major outdoor companies.
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ArticleAnalysis: Outdoor industry stocks fell more than 21% in Q2
Outdoor industry stocks fared worse in the second quarter than in the first period of 2022, declining an average of 21.18 percent compared to a 17.84 percent sequential drop in the average stock prices of companies primarily involved in the outdoor and bicycle sectors. This time around, our quarterly analysis ...
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ArticlePål Wibe steps down as chief executive of XXL
Source: XXL ASA Pål Wibe, CEO XXL ASA The board of Nordic sports retailer XXL ASA and Pål Wibe agreed on May 13 that the latter will step down as CEO on Sept. 1 of this year. The Norwegian Sports Industry Association wrote in a statement that ...
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Article
Outdoor companies’ stocks up by 18.9% in Q1
The average stock market value of 31 selected public companies in the outdoor sector saw a sequential improvement of 18.9 percent between the fourth quarter of 2020 and the first quarter of 2021, buoyed by the strong performance of stock markets across the globe, fueled by recovery hopes. This reflects ...
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ArticleOutdoor industry stocks among the winners of 2020
While the outdoor industry had a very difficult start of the year in 2020, when the pandemic forced Europe and America to adopt strict lockdowns, it bounced back significantly in the summer when restrictions were lifted, as people looked to escape crowds in the outdoors. The combined market capitalization of ...
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OpinionOpinion: The short vs. long-term perspective of retail recovery
Guest Article by Magnus Ohlsson The pandemic has led consumers to shift interests and behavior for now, but not necessarily forever. This also means that short-term gains and losses should not be translated into an everlasting future. It is important to take into the equation the brand performance of ...
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ArticleXXL is back on track
(SGI) After many quarters stuck in a downward spiral, XXL ASA , the leading Nordic sports retailer, has been taking drastic steps to turn the business around such as cutting costs, clearing inventory and searching for new “sustainable” sources of liquidity other than new equity. This has started to ...
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News briefs
Temporary layoffs stop at XXL in Norway and Finland
A recovery in the demand for sporting goods products in Norway and Finland has led XXL to cancel all the temporary layoffs that it had announced on March 23 due to a considerable sales decline caused by the Covid-19 situation. Sales normalized in April and have picked up recently ...
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News briefsXXL reduces staff
XXL announced on May 5 that it has decided to initiate a process to reduce the workforce at its headquarters in Norway by around 25, about 20 percent of the employees. Formal procedures for potential dismissals are about to be launched in Sweden and Finland. The Nordic sporting goods ...
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News briefs
Closeouts helped XXL to grow in Q1
A major clearance program launched in reaction to poor winter conditions helped XXL to boost its sales by 7 percent in the first quarter to 2,162 million Norwegian kroner (€191.7m-$208.2m), with 3 percent growth on a same-store basis, but this led the Nordic sports retailer to book negative Ebitda ...
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News briefsXXL lays off 1,000 store employees
As a direct consequence of the significant drop in sales following the forced closure of stores due to the Covid-19 crisis, the Norwegian multichannel retailer XXL decided, in accordance with its contingency plan, to temporarily lay off around 1,000 store employees in Norway and to start cooperation negotiations in ...
