Under Armour Splits with Stephen Curry; Raises FY Adjusted Operating Income Outlook
EXEC: Berghaus Parent Outlines British Outdoor Brand’s Expansion to North America
EXEC: The BasicNet Group Adds Woolrich to Brand Family in €40 Million Acquisition
StockX Q3 Report Calls Out Running Silhouettes as Top Performers on Resale Site
EXEC: Goldwin’s Q2 Boosted by The North Face Recovery
SGB Update
Puma’s VP of Global Brand and Marketing Exits
Puma brand veteran Richard Teyssier, a 15-year veteran, has left the company as VP of global brand and marketing.
Perfect Moment’s Q2 Sales Expand 24 Percent
The London-based luxury skiwear maker’s sales rose 24 percent in the fiscal second quarter ended September 30, to $4.8 million from $3.8 million a year ago. Adjusted EBITDA loss shrunk to $800,000 from a loss of $2.0 million.
Planet Fitness Targets Low Double-Digit Growth Under New Three-Year Plan
At an Investor Day event held in Boston, Planet Fitness announced a goal to grow revenues in a low double-digit percent CAGR over the three-year period from FY26 to FY28. The growth is expected to be driven by system-wide same-club sales growth in the mid-single-digit percentage range and new club unit growth in the 6 percent to 7 percent range.
Callaway Apparel License Extended with Perry Ellis International
Topgolf Callaway Brands Corp. announced that it has extended its multi-year licensing agreement with Perry Ellis International, Inc. for the design, manufacturing and distribution of Callaway-branded golf and lifestyle apparel. The license was originally signed in 2009.
3D-Printing Tech Company, Carbon, Closes on $60M Funding
Carbon, Inc., a Silicon Valley–based additive manufacturing company that has worked with Adidas, Riddell, and cycling brands, raised $60 million in new funding. The round was headlined by current investors Sequoia Capital, Silver Lake, Adidas, Baillie Gifford, Madrone, and Northgate.
SGB Executive
EXEC: Patagonia Publishes Fiscal 2025 Sales Figures, Spot Checks Business Against Key Goals
According to Patagonia’s first Impact Report, “Work in Progress Report 2025”, Patagonia had sales of $1.47 billion in its fiscal year ended April 1, 2025, with 61 percent of sales sold in the U.S. versus 39 percent internationally.
BMC Switzerland Promotes Sales Chief John Glett to CEO, Effective January 1
Glett will reportedly lead the next phase of development for the Swiss premium cycling brand, continuing the strategic initiatives set by outgoing CEO David Zurcher, who will continue supporting BMC as a member of the Board.
EXEC: Nike Earns Stock Upgrade from Wells Fargo on Improving Visibility
Wells Fargo upgraded its rating on Nike to “Overweight” from “Equal weight” and its price target to $75 from $60. Wells Fargo analyst Ike Boruchow cited reduced headwinds from Classics footwear franchises (Air Force 1, Air Jordan and Dunk) and an uptick in growth in non-Classic footwear styles as part of the reason for the upgrade.
EXEC: Berghaus Parent Outlines British Outdoor Brand’s Expansion to North America
Shane Wallace, Pentland Brands’ North American VP of Portfolio Brands, recently talked with SGB Executive about the Berghaus brand’s North America retail debut through REI, Canada’s Altitude Sports, JD Sports, Hatchet Outdoor Supply Co., and other limited distribution points.
EXEC: Asia Footwear Factories See Larger Sequential Declines in October
Feng Tay Enterprises, one of the longest-tenured producers of Nike footwear, saw Manufacturing revenues decline 2.3 percent year-over-year in October, while Outdoor and athletic footwear maker Yue Yuen factory output declined 7.7 percent y/y for the month.
