Consolidated sales in the fourth quarter, seasonally the smallest quarter of the year for Thule, increased 7.2 percent year-over-year to SEK 1,678 million. Thule reported that 6.8 percent of the percent increase came from acquisitions.
Author: SGB Executive
EXEC: Under Armour Cautious on North America’s Return to Growth
Under Armour, Inc. reported third-quarter results that exceeded guidance for the third straight quarter with the help of some recovery in North America. However, Under Armour CEO Kevin Plank declined to forecast a return to growth in the region, with the current priority of driving full-price sales.
EXEC: Mips AB Posts Strong Q4 Results on Helmet Rebound; Long-Term Goals Revised
The Swedish helmet technology provider said it saw a strong end to 2024 with solid growth in all categories and all geographies. The company posted sales of SEK 144 million in the fourth quarter, a 58 percent increase from SEK 91 million in Q4 2023.
EXEC: Woolrich CEO Named President of Peak Performance
Stefano Saccone has been appointed president of Peak Performance and a member of the Amer Sports Global leadership team, effective April 1, 2025. He will succeed Sara Molnar, the current president. Saccone will be based in Stockholm, Sweden.
EXEC: Liberated Brands Gets Bankruptcy Court Approval to Access DIP Funds
The former licensing company set up to manage Authentic Brands Group’s collection of action sports lifestyle brands filed for Chapter 11 bankruptcy protection on Sunday with $3.3 million in cash on hand and $226 million in debt, according to court filings.
EXEC: JD Group Appoints Jared Briskin as CEO of Hibbett
Hibbett was acquired by global active lifestyle retail behemoth JD Group in July 2024. Briskin, who had been serving as EVP of Merchandising at the time of the sale, was promoted to COO after the sale closed and added the President title shortly thereafter.
EXEC: Revo Launches New Australia-Based Joint Venture for APAC Region
This new entity will oversee all sales and customer care for the APAC region, with a focus on establishing Revo as a top choice for consumers in Australia and Southeast Asia.
EXEC: Smith Optics Returned to Growth in Q4, Boosted by DTC Business
Safilo Group S.p.A., the owner of Smith Optics and Blenders and licensee of the Under Armour, Fossil, Havaianas, Tommy Hilfiger, Levi’s, and Liz Claiborne brands for eyewear, saw preliminary sales for 2024 decline 2.3 percent to €993.2 million.
EXEC: Liberated Brands Files for Chapter 11 Bankruptcy Protection
Liberated Brands LLC, the former licensing arm for Authentic Brands Group’s collection of action sports lifestyle brands, has filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of Delaware.
EXEC: Descente, Ltd. De-Lists Common Shares from the Tokyo Stock Exchange
The company called an extraordinary shareholders’ meeting for December 25, 2024, and offered a proposal regarding a share consolidation that was approved as proposed by the company’s shareholders. As a result, the company’s shares were delisted.
EXEC: Hoka Growth Trend Concerns Sends Deckers Brands Shares Down Double Digits
Net sales increased 17.1 percent to $1.83 billion compared to $1.56 billion in the prior-year Q3 period. On a constant-currency (cc) basis, net sales increased 16.6 percent. Analysts were expecting growth of 11.6 percent, a clear beat.
EXEC:Beyond Yoga Parent Sees Active Athleisure Brand as Billion-Dollar Bet
Levi’s CEO said the company is excited to open its first Beyond Yoga East Coast store in Connecticut later this year and remain confident about the prospects for Beyond Yoga to one day become a billion-dollar brand.
EXEC: Inside the Improving Vans Performance and Turnaround Story
Sharp declines in Asia heavily impacted the 8 percent decline for the Vans brand in Q3 but also represented an improvement against the year-to-date period that saw reported sales down 13 percent in constant-currency terms.
EXEC: VF Corp. CEO Hints at More Cuts Ahead While Improving Processes
Bracken Darrell said the company is already working on process and organizational changes that will contribute to unlocking another $500 million to $600 million in operating income expansion, with half of that coming from SG&A expenses alone.
EXEC: VF Corp. Sees Global Strength From TNF and Timberland; Vans Improves
The parent of the Vans, The North Face, Timberland, Smartwool, Jansport and Dickies active lifestyle and street lifestyle brands, reported Wednesday that it beat third-quarter revenue and profit estimates.
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