NWG // SPORTS & LEISURE
The bulk of the stock relating to the retail trade has less fashion sensitive areas such as Craft ' s functional underwear and club collections as well as Clique ' s basic garments .
The capital tied up in stock for promo is higher but is a prerequisite for success in the promo sales channel . A company or association that , for example , orders promowear is dependent on the supplier being able to deliver a full size sorting and the right colours . However , the risk of obsolescence is low because a larger part of the range is timeless basic products that there is a need for season after season . Many of the products are common to both the promo and retail channels , which offers significant risk diversification and means that catalogues can also be in common .
In order to limit the currency risk in the retail channel , approximately 50-65 % of the currency-exposed purchasing costs are hedged . Within the promo sales channel , adjustment for changed purchasing prices is made continuously as it is about immediate sales . The currency risk can thus be limited .
Regarding the capital tied up in accounts receivable , sales are made to selected retailers and the credit losses are low . However , there is a higher concentration to a fewer number of retail customers compared to the promo market . In 2022 , the confirmed credit losses in the operating segment amounted to 0.02 ( 0.03 ) % of net sales .
2022
Trademarks
Craft
The entrepreneurial culture and the Scandinavian climate combined with close collaborations with the world ' s best athletes has resulted in innovative Craft garments for over 40 years . Ever since Craft was founded in 1977 , the brand has challenged the boundaries of high-tech textiles and materials , always with the goal of optimizing both experience and performance for the user . Today , Craft is active in the categories Footewear , Run , Nordic Ski , Bike , Sportswear , Trainingwear , Teamwear and Baselayer . In each category , the brand offers a wide range and meets the needs of both Olympic champions and everyday heroes around the world . Sweden is the largest market in terms of turnover . Other defined focus markets with great potential are the Nordic countries , the Benelux , USA , Canada and Germany . Competitors vary slightly depending on segment and market , but some examples are Adidas , Salomon , Nike , Hoka , Odlo and Castelli . Craft is in a strong expansion phase where the key categories footwear and running together with Teamwear lead the brand into the future . The venture has already broken new ground in existing markets and also enabled establishment in new ones .
ANNUAL REPORT // 029