SGB Executive Sports & Fitness
Bain & Co. Releases 2025 Retail Forecast, Outlines Key Initiatives for Retailers
Bain suggests in its report that retailers face a pivotal moment in 2025. The firm said that for retailers to thrive in 2025 it will require fresh strategies around emerging technologies, customer loyalty, operations, and adaptation.
EXEC: Saucony Posts 60 Percent Retail Growth in China
The MS (China) Sports Company Limited, a direct wholly-owned subsidiary of Xtep International Holdings Limited, operates under licensing and royalty agreements for the Merrell and Saucony brands and subsidiaries in China.
EXEC: Puma SE Shares Fall Over 20 Percent on Analyst and Investor Concerns
Puma SE shares opened 16 percent lower in Europe on Thursday morning, January 23, after the company’s pre-announcement of 2024 fourth quarter and full-year results caused a stir overnight.
EXEC: ISPO Group Shuffles Show Leadership After Tobias Gröber Sets Departure
The ISPO Group expects limited disruption as Exhibition Director Lena Haushofer and her team assume Gröber’s responsibilities, with Christoph Rapp, head of Sales and Marketing, and Saskia Rettenbacher, head of Event Management.
EXEC: Puma Comes Up Short on 2024 Bottom Line; Sets Cost-Cutting Program
For the foruth quarter, Puma reported that preliminary sales increased 15.5 percent on a reported basis to €2.29 billion. The company saw sales growth of 9.8 percent on a currency-adjusted (ca) basis for the quarter.
EXEC: Adidas Preliminary 2024 Report Reveals Double-Digit Growth to €23.7B
In euro terms, the company’s revenues grew 24 percent to €5.97 billion in the fourth quarter, or 19 percent in currency-neutral terms versus Q4 2023. Excluding Yeezy for both years, currency-neutral revenues increased 13 percent.
EXEC: Authentic Taps Sports Casuals as Reebok Golf Apparel Partner
With SCI as Reebok’s apparel partner, the brand now has a head-to-toe softgoods offering, with Reebok Design Group, the brand’s global hub for design, development and innovation, handling the creation and distribution of golf footwear.
EXEC: KT Tape Acquired by Consumer Healthcare Investment Platform
Founded in 2008, KT Tape has manufactured drug-free solutions to prevent and relieve pain and promote recovery. Palladin Consumer Retail Partners, previously known as Palladin Capital Group, acquired KT in 2014.
EXEC: New Balance Rides Consumer Energy and Retailer Support to Reach $7.8B in 2024
Company CEO Joe Preston, speaking at the NRF Big Show, said sales at the 118-year-old company are poised to grow another 20 percent in 2025 after increasing 20 percent to $7.8 billion in 2024.
EXEC: 361 Degrees Owned-Retail Growth Accelerates in Q4 as E-Commerce Jumps
361 Degrees International, Ltd. reported brick-and-mortar retail sales of 361º core-branded product increased ~ 10 percent year-over-year for the fourth quarter of 2024. E-commerce product recorded sales growth of ~ 30 percent to 35 percent.
EXEC: JD Sports Fashion Reports 3.4 Percent Organic Sales Growth for Holiday
On a year-to-date (YTD) basis through January 4, comp sales revenue was flat, and the company said it expects full-year comp sales revenue to be at a similar level as the YTD trend.
EXEC: Reebok’s U.S. Operations Sold to Galaxy Universal
Galaxy Universal specializes in the athletic, health and outdoor categories, among others, and owns the And1, Gaiam and Tony Hawk brands, and licenses the Justice and London Fog brands.
EXEC: JCPenney Merges with Sparc Group to Form Catalyst Brands
The combined Catalyst Brands organization is a joint venture formed in an all-equity transaction between JCPenney and the Sparc Group, with shareholders Simon Property Group, Brookfield Corporation, Authentic Brands Group, and Shein.
EXEC: Anta Reports Fila Retail Sales in China Swings to Growth Mode in Q4
Retail sales for the Fila brand in China reportedly increased in mid-single digits for the 2024 full-year period, while Anta brand sales improved in the high-singles year-over-year and All Other Brands, including Descente and Kolon Sport, saw fourth-quarter retail sales increase in the 40 percent to 45 percent range.
EXEC: SGB 2025 Look Ahead with Active Lifestyle Market Leaders
Leaders in the active lifestyle space expressed cautious optimism about 2025 with inflationary pressures easing, supply chains largely normalized and generally healthy interest in sports. Insights from Academy Sports, Brooks Running, Rawlings, Fleet Feet, Selkirk Sport and others.
