Stio to Expand Retail Footprint in Vail and Sun Valley for 2024/25
For the Fall/Winter 2024/25 season, the company announced plans to open a new Mountain Studio in Vail, CO and bolster its partnership with longtime wholesale partner Sturtevants of Sun Valley, ID, with a Stio shop-in-shop.
Amer Sports Makes Key Leadership Changes; Expands Global Leadership Team
Guillaume Meyzenq has been appointed new president and CEO for Salomon and Michael Hauge Sørensen returns to former role as advisor to Board of Directors. The Global Leadership Team was expanded to support company’s next phase of growth.
Sweaty Betty Continues Global Expansion Opens New Stores in the U.S. and UK
The Wolverine Worldwide brand opend stores in Chicago’s Southport neighborhood and the other in Washington, D.C.’s Georgetown section, on November 16 and 18, 2024, respectively. The brand is also opening a store in Cardiff, Wales, and one in Westfield, London.
EXEC: Wilson Sports Business Returns to Double-Digit Growth in Q3; Bolsters Owned Retail
Wilson’s marquee racquet sports franchise and the small but fast-growing softgoods segment were reported to lead the return to double-digit growth. Inflatable balls and golf also reportedly returned to growth in the third quarter.
EXEC: Salomon Gets New CEO as Growth Moderates in Q3 on Weaker Equipment Business
By region, strong growth in Greater China and APAC was said to be partially offset by slower sales in EMEA and North America. The company expects to end 2024 with approximately 200 Salomon stores in China, with the opportunity to grow to several hundred locations over time in just Tier 1 and 2 cities.
Evergreen Outdoor Group Adds Partner Covering Pacific Northwest
Erik Walcott and Sara Zuchetto will now partner on the Evergreen Outdoor Group business, representing current brands including Chrome, Fits Socks, Free Fly, Kizik, and Oboz.
Nordstrom Sets Fall 2025 Plan for Rack Store in Lakeland, FL
The 30,000-square-foot store will be in Lakeside Village, a shopping center that includes Kohl’s, Books-A-Million, Belk, and entertainment options, including CMX Cinemas. Lakeside Village is owned and managed by Continental Realty Corporation.
Former NSGA Board Chairman Craig Koenig Passes Away
Koenig served on the NSGA Board of Directors from 1985 to 1992 and was Chairman from 1990 to 1991. As the Chairman and CEO of the Cleveland, OH-based family business Koenig Sporting Goods, Koenig oversaw the company’s growth from two stores in the late 1960s to an independent retail chain of 40 stores in the 1990s.
Canada Goose Wins Approval for Renewal of Normal Course Issuer Bid
The NCIB, as renewed, provides for the purchase for cancellation of up to 4,556,841 subordinate voting shares of Canada Goose over the twelve-month period commencing on November 22, 2024 and ending no later than November 21, 2025.
EXEC: Arc’teryx Outperforms Once Again in Q3 Despite Tough 2023 Comps
Direct-to-consumer remains the brand’s core growth engine, but Arc’teryx also reported strength in the Wholesale channel, which grew 26 percent. U.S. Wholesale was reportedly a standout for the quarter, especially for Arc’teryx.
Hartford Sales Group Celebrates 40 Years as Indie Sales Agency
The company, founded in October 1984 by Larry Hartford, cut its teeth on new brands launching in the market. Hartford started his footwear and apparel sales career ten years prior, representing Tred2, Brooks, Court Casuals and many others in the active outdoor space.
Williams Athletic Club Apparel Brand Adds to Leadership Team
The luxury lifestyle golf brand, has named golf industry experts Marty Hackel, the former fashion director at Golf Digest, and Alyson Ramsey Johnson, CEO of golf marketing agency Gilly Group, to the brand’s leadership team and as investors of the apparel company.
Report: Private Golf Clubs are Vital Contributors to National and Local Economies
The study found that private clubs provided a total payroll of $17.4 billion in 2023, with $14.6 billion in wages and $2.8 billion in payroll taxes and benefits, surpassing large corporations.
EXEC: Amer Sports Sees Sharp Contrast Between West and East in Q3; Provides China Update
Amer Sports, which is majority owned by its China retail partner, highlighted on its conference call with analysts that while other consumer companies faced challenges in Greater China in Q3, Amer generated 56 percent growth in the region, continuing to “well outperform the market.”
Champion Europe Appoints New Creative Director
Maurizio Donadi’s will oversee the creative development of Champion’s product lines and seasonal collections. His arrival is reported to mark a shift in the brand’s direction under the new ownership of Authentic Brands Group, which acquired the brand in October.
