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Author: SGB Executive

EXEC: Wilson Sports Returns to Growth in 2024 on Very Strong Q4 Sales

February 25, 2025 SGB Executive

The 22 percent jump in revenue came as the business continued to build on a sequential improvement throughout 2024 after posting a 14 percent decline in the first quarter, a 1 percent gain in the second quarter and 11 percent increase in the third quarter.

EXEC: Salomon Sneaker Sales Exceed $1B in 2024; Winter Sports Equipment Falters

February 25, 2025 SGB Executive

Salomon footwear and apparel now represent approximately two-thirds of the Outdoor Performance segment that also includes the Salomon, Atomic and Armada snow sports equipment brands, up significantly from the 54 percent share in 2022.

EXEC: Arc’teryx Brand Surpasses $2 Billion Mark in 2024 as Sales Grow 36 Percent

February 25, 2025 SGB Executive

Amer Sports CEO James Zheng told analysts and investors on the company’s Q4 conference call that strong growth at Arc’teryx came across all regions, channels, and categories — especially in footwear and women’s, which grew faster than the brand overall.

EXEC: Amer Sports Posts Strong DD Q4 Growth Across Big Three Brands

February 25, 2025 SGB Executive

The company saw continued strong results in Greater China and Asia Pacific, accelerating growth in North America and EMEA. The Technical Apparel segment, including Arc’teryx and Peak Performance brands, led growth with a 34 percent year-over-year increase.

EXEC: REI Co-op Raises $230 Million Through Sale-Leaseback Deals for Four DCs

February 24, 2025 SGB Executive

The chain specialty outdoor retailer has entered into a long-term sale-leaseback agreement with Madison Capital, a New York-based real estate investment firm, for its four Class A distribution center properties.

EXEC: Stanley Container Maker PMI Sued Over Brand Name

February 24, 2025 SGB Executive

Stanley Black & Decker is claiming confusion between its Stanley brand name and the Stanley drinkware brand produced by Pacific Market International, LLC, and is taking PMI to Court “to protect its Stanley tools brand.” 

EXEC: Sports Direct Parent Frasers Abandons Nordic SG Retailer XXL Takeover Effort

February 21, 2025 SGB Executive

Frasers cited the condition requiring acceptance of the Intended Offer by a sufficient number of shareholders to ensure that it would hold more than 50 percent of XXL shares and votes on a fully diluted and converted basis would not be satisfied.

EXEC: Sturm, Ruger Gets Q4 Lift from New Products as NICS Checks Weaken

February 20, 2025 SGB Executive

New products represented $159.3 million, or 32 percent of firearms sales in 2024, an increase from $119.0 million, or 23 percent, in 2023. The launch of the RXM pistol collab with Magpul reportedly had a significant impact in December.

EXEC: Garmin Ltd. Shares Jump on Strong Q4 and Full-Year Report

February 20, 2025 SGB Executive

The company posted double-digit growth in three of its five segments in Q4, with the Fitness segment showing 31 percent growth, the Auto OEM segment with 30 percent growth and the Outdoor segment with 29 percent growth year-over-year.

EXEC: Birkenstock Beats Fiscal Q1 Estimates on Surging Closed-Toe Business

February 20, 2025 SGB Executive

Close-toe silhouettes reportedly grew at more than double the pace of the Group average and increased the share of business by 600 basis points. Closed-toe, driven by the clog category, accounted for nearly two-thirds of the America region’s revenue in the quarter.

EXEC: Merrell Looks at Life Beyond the Trail; Eyes the Mall for Lifestyle Growth

February 19, 2025 SGB Executive

Merrell is expected to grow mid-single-digits in 2025, building on second-half 2024 gains. The company expects key products, including the SpeedARC Collection, Moab Speed 2 and Agility Peak 5 to continue driving the category.

EXEC: Saucony Tagged For Outsized Growth in 2025 After Strong 2024 Finish

February 19, 2025 SGB Executive

The Saucony business declined 5.2 percent in constant-currency terms to $99.6 million in the fourth quarter but grew 7 percent year-over-year when accounting for the change in its China business model to a licensing and royalty deal.

EXEC: Authentic Appoints New Reebok Licensing Partners for U.S., UK and Europe

February 19, 2025 SGB Executive

In the U.S., Galaxy Universal takes over Reebok’s footwear operation, retail stores and e-commerce, and will lead the brand’s global product creation, design and sourcing. A new JV, GB Brands Europe Ltd., will oversee the brand’s operations across Europe and the UK.

EXEC: Wolverine Worldwide Shares Fall 17 Percent as 2025 Forecast Disappoints

February 19, 2025 SGB Executive

Fourth quarter revenue fell 5.8 percent year-over-year but rose 3.3 percent to $494.7 million when tallying the company’s ongoing business. The company posted big improvements in gross margin and operating margins in Q4, leading to a positive earnings result.

EXEC: VF Corp. Spin-Off Acquires Helly Hansen

February 19, 2025 SGB Executive

The VF spin-off parent of the Wrangler and Lee brands has signed a definitive agreement to acquire 100 percent of Helly Hansen from Canadian Tire Corporation for ~ $898 million.

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