GoPro, Inc. reported sales declined 23 percent in the second quarter ended June 30, to $186 million, although results exceeded guidance and subscribers saw growth.
Author: SGB Media
Bogs Drags Down Parent’s Q2 as Outdoor Retailers Exhibit Caution
Bogs posted a 33 percent decline in wholesale sales in the second quarter tumbled, but the parent Weyco Group is forecasting sales for the outdoor footwear brand would stabilize in coming quarters.
The Running Event Leaving Austin in 2025 but Stays Close to Longtime Home
The Running Event (TRE) is moving to San Antonio, TX, for TRE 2025 in November 2025, and the change looks to be permanent.
Under Armour’s Chief Consumer Officer to Exit
According to an SEC filing on Tuesday, August 6, Under Armour’s Chief Consumer Officer, Jim Dausch, will leave the company at the end of August “to pursue other opportunities.”
EXEC: Descente Ltd Gets China and South Korea Lift on Yen Depreciation
Fiscal Q1 net sales increased by 1.2 percent year-over-year (YoY) to ¥27,482 million, due to the positive effect of the yen’s depreciation, strong sales of the Descente brand, and Umbro growth in South Korea.
Sacks Parente Golf Saw Strong Sequential Growth Accelerate in Q2
The company said it had a “significant increase in orders received from Club Champion” during the quarter.
Latest StockX Report Sees Asics Take the Top Spot in YoY Growth
Asics led as the No. 1 fastest-growing sneaker brand on StockX this year, according to its latest report. The continued success of the Gel-1130 and Gel-Kayano 14 reportedly played a big role in Asics taking the top spot
Under Armour Acquires Unless; Taps Eric Liedtke as Brand Strategy Chief
The appointment of Adidas brand veteran Eric Liedtke as EVP of brand strategy follows the completion of UA’s acquisition of Unless Collective, Inc, a zero-plastic regenerative fashion brand. The transaction is expected to be completed later this week.
NSSF: Adjusted NICS Background Checks Increase 4.0 Percent in July
The 4.0 percent increase in July figure was the first year-over-year monthly increase since December 2023 and marked 60 straight months, or five years, of one million-plus monthly NICS checks.
Bogner’s CEO To Exit at Year’s Close, Bogner Family to Sell Shares
Bogner reported that CEO Gerrit Schneider had decided to leave the company at the end of 2024 in order to accept a position at another company. The Munich-based lifestyle and luxury sports fashion company also said Daniel Hiendlmeier has been appointed to the management board and the Bogner family has decided to sell shares in the firm to a strategic partner.
Vista Outdoor’s Fiscal Q1 EPS Dips as Outdoor Segment Sales Sink Mid Teens
Revelyst outdoor segment sales declined 13.6 percent year-over-year to $274 million in the fiscal first quarter, while the Ammo segment saw sales decrease 1.6 percent to $370 million for the fiscal first quarter ended June 30.
Planet Fitness Sees Q2 Same-Store Sales Expand 4.2 Percent
The budget fitness chain reiterated its guidance for the year. Profits grew 11.5 percent in its second quarter ended June 30 as sales advanced 5.1 percent. System-wide same-store sales increased 4.2 percent.
EXEC: Titleist Sees Solid Q2 Golf Balls Gain but Clubs and Gear Drag on Results
Higher net sales in the U.S. were largely driven by an 8.5 percent increase in Titleist golf balls and 4.8 percent growth in FootJoy golf wear, partially offset by a 9.0 percent decrease in Titleist golf clubs sales.
Rapha Appoints New CEO
Fran Millar will replace Francois Concervey, who has been with the company since 2015 as chief brand and marketing officer. Her background in the cycling industry includes roles with Team Sky and Team Ineos where she played a critical role in securing seven Tour de France victories.
Survey Report: BTS Footwear Shoppers Seeking Value More Than Just Discounts
Though 75 percent of surveyed respondents plan to spend more on fall BTS footwear this year than they did in 2023, they expect their dollars will not go as far, which could translate to unit volume being flat or decreasing over 2023. Quality, comfort, fit, and design are more important than price.
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