EXEC: On Holding C-Suite See Lifestyle Appeal, Younger Consumers Propelling Growth
Martin Hoffman, who now holds the CEO chair on a solo basis, said On is raising its outlook for 2025 due to the strong Q2 performance , continued momentum in early Q3, a strong order book for the fall/winter season and continued efficiencies.
EXEC: UK’s SportsShoes.com Delivers 4 Percent Annual Growth
The UK-based company reported sales rose 4 percent to a record £93.3 million ($126 mm) in its fiscal year ended February 28 while EBITDA advanced 13.3 percent year-on-year to £6 million.
EXEC: Nike’s Brand Owner in Brazil Aligns with Beaverton’s Renewed Focus on Wholesale
Nike’s physical stores, including both full price and NVS (Nike Value Stores) in Brazil expanded 8.2 percent year-over-year (y/y), with same-store sales up 10.7 percent y/y in the second quarter. Nike’s digital channel recorded a 5.1 percent y/y increase. Wholesale revenue was up 4.4 percent y/y.
EXEC: Fanatics Loses Appeal to Sell Branded NFL, NBA, MLB, and NHL Apparel in Australia
No Fanatics-branded jerseys or related apparel can now be offered for sale or sold in Australia. Items shown on the Fanatics, LLC website will also not be available for sale in Australia under this judgment.
EXEC: Salomon Turns Heads and Makes Friends with New Concept Store on Shanghai’s Anfu Road
The company said the new location integrates Salomon’s French heritage and pioneering retail space with the local community, marking an upgrade of its retail experience in China. One retail advisor in attendance called the positioning and execution “a masterclass in brand evolution.”
EXEC: Top Asia FW Factories Record Weaker Shipment Trends in July 2025
Feng Tay Enterprises, one of the longest-tenured producers of Nike footwear, saw manufacturing revenues fall 8.8 percent year-over-year (y/y) in July. Yue Yuen manufacturing increased just 0.5 percent in July after posting a 9.4 percent y/y increase in June 2025.
EXEC: Yue Yuen Sees H1 Growth in Athletic & Outdoor FW Slow as Casual & Sandals Jump
Yue Yuen said it remains committed to its mid- to long-term capacity allocation strategy. This includes diversifying its manufacturing capacity into regions such as Indonesia and India where labor supply and infrastructure are supportive of sustainable growth
EXEC: Giant Group Q2 Revenues Fall Over 25 Percent as U.S. Market Softens Further
In the U.S., second-quarter consumer demand reportedly softened due to tariff policies and macroeconomic challenges. Europe showed signs of moderate recovery, with mixed performance across regions.
EXEC: Yonex Sees 28 Percent Fiscal Q1 Revenue Jump
The Japanese racquet sports and golf company reported earnings climbed 51.5 percent in the fiscal first quarter ended June 30 on a 28.3 percent revenue gain.
EXEC: Mexico Seeking Compensation from Adidas and Designer for Cultural Appropriation
Adidas stated in a letter dated Friday, August 8, that it “deeply values the cultural wealth of Mexico’s Indigenous people and recognizes the relevance” of the criticisms. The company requested to sit down with local officials and to discuss how it can “repair the damage” to Indigenous populations. Fashion designer Willy Chavarria also apologized.
EXEC: Saucony Gets Very Strong DD Growth from Each Core 4 Franchise in Q2
The Ride, Guide, Triumph, and Hurricane franchises each grew at a very strong double-digit pace at U.S. retail in the quarter, while the brand continued to grow through its Lifestyle offerings as well.
EXEC: Under Armour CEO Kevin Plank Outlines Path to North America Recovery
During Under Armour’s fiscal first-quarter call with analysts, company founder Kevin Plank stated that while the North America region will face challenges this year from higher costs due to tariffs and softening demand, “we see this as an inflection point, not a ceiling.”
EXEC: Under Armour Issues Weak Forecast, Tariff Warning
UA reported that sales slumped 4 percent in the fiscal first quarter ended June 30, and profitability was in line with plans. However, the company provided a weak second-quarter forecast, with sales declines worsening and margins impacted by tariffs. Sales are expected to decline 6 percent to 7 percent in the current quarter, pulled down by a low-double-digit percent decrease in North America.
EXEC: Merrell Brand Looks to Modernize the Trail, Execs Tout Q2 Wins
In trail running, CEO Chris Hufnagel said the Agility Peak 5 franchise was up double digits at U.S. retail, and the brand launched the new ProMorph, an all-terrain hybrid runner. He said Merrell’s continued progress in modernizing the trail helped strengthen its ability to advance in lifestyle as well.
EXEC: Shimano North America Agrees to Settlement in 2023 Crank Set Class Action Suit
Plaintiffs filed the lawsuit in the U.S. District Court, claiming damages from separation issues with some bonded 11-speed Hollowtech II road cranksets manufactured before 2019.
