EXEC: Sportchek, Mark’s and Helly Hansen all Post Q1 Declines for Parent CTC
EXEC: Puma Sees U.S. Returning to Growth in Second Half
EXEC: Wolverine Worldwide CEO Outlines Transformation Progress To-Date
Report: U.S. Sports Participation Increased Across Most Categories in 2023
Wolverine Worldwide Business Continues to Shrink in Q1 While Turnaround Progresses
SGB Update
Allbirds Q2 Revenues Drop 28 Percent
Allbirds, Inc. posted a loss in the first quarter as sales skidded 27.6 percent; however, the manufacturer of eco-footwear reported revenues were in line and adjusted earnings above guidance and cited progress with its restructuring efforts. Allbirds reiterated its outlook for 2024.
Bogs Continues Sharp Wholesale Decline in Q1; Retail E-Commerce Grows
The Bogs brand reportedly experienced the largest decrease in the Wholesale segment, with sales down 48 percent for the quarter, as retailers reduced orders due to surplus products in the outdoor footwear market.
NRF Monthly Import Cargo To Reach 2 Million TEU Through Early Fall
“We haven’t seen numbers this high for this many months in almost two years.” —NRF Vice President Jonathan Gold
SGB Executive
EXEC: Sportchek, Mark’s and Helly Hansen all Post Q1 Declines for Parent CTC
Helly Hansen sales, which covers the international wholesale and retail businesses that operate under the Helly Hansen and Musto names and trademarks, were down 7.8 percent year-over-year in Q1 to C$192.2 million.
EXEC: Puma Sees U.S. Returning to Growth in Second Half
Puma’s sales in the Americas region returned to growth in the first quarter due to gains in Latin America and overall strength in performance and retro footwear styles. North America delivered sequential improvement and remains on track to resume growth in the second half, Puma officials said on a media call.
EXEC: Wolverine Worldwide CEO Outlines Transformation Progress To-Date
The company is beginning to see sequential improvement in its selling trends and that is said providing a level of confidence that the developed strategies and tactics are beginning to gain traction.
