Mizuno management said there are concerns regarding the volatility of the financial market due to the monetary policies of individual countries and changes in political and global landscapes, as well as changes in consumer sentiment amid the continued rise in prices.
Author: SGB Executive
EXEC: Alpargatas Saw Havaianas Taking Market Share, Posting Growth in Q3
The management team at Alpargatas, the Brazil-based parent of the Havaianas and Rothy’s brands, offered their take on the 2024 third quarter with a particular focus on the company’s strategic review and transformation process that has already started to bear fruit for the Havaianas flip-flop brand.
EXEC: GoPro Continues to Cut Expenses to Lowest Level Since Before IPO
Revenue was $259 million in the third quarter, down 12 percent year-over-year, and posted a wider net loss for the period. GAAP net loss was $8 million, or a 5 cents loss per share, compared to a net loss of $4 million or a 2 cents loss per share, in the prior-year Q3 period.
EXEC: Ahead, Craft, Cutter & Buck Parent Gets Q3 Lift from U.S. and Sports & Leisure
The Swedish-based owner of Ahead, Auclair, Craft, Cutter & Buck, and Tenson, reported that third-quarter net sales dipped 1 percent, with Sports & Leisure the only segment posting an increase for the quarter.
Acon Closes on Investment in Mexico Boutique Fitness Operator
This latest deal comes as Mexico’s fitness market appears to be in expansion mode. Founded in 2017, Commando operates 11 facilities in Mexico, with over 30 fitness rooms where group-based fitness classes are the focus.
EXEC: The Pro’s Closet is Back in Business Under New Ownership
Elshair Companies has acquired the TPC (The Pro’s Closet) brand and its intellectual property, marking the beginning of a new chapter for the “world’s largest and most trusted marketplace for pre-owned bikes.”
EXEC: LVMH-Backed Moncler Rumored to Have Interest in UK’s Burberry
Italian outerwear maker Moncler may be eyeing a bid for the iconic UK apparel company to create a luxury outdoor outerwear conglomerate, but luxury is not what it was six months ago, as Moncler turned negative in Q3.
EXEC: Peloton Shares Rise on Double Upgrade from Bank of America
Peloton’s PTON shares rose nearly 4 percent on Monday, November 4, and shares are up ~14 percent since the company reported its results before the market opened last Thursday, October 31.
EXEC: Fox Factory’s Specialty Sports Segment Gets Q3 Lift from Marucci and Bike
The SSG segment, which includes the Fox Factory, Marucci, Easton cycling, and Race Face brands, posted net sales of $150 million in Q3, compared to $72 million in Q3 last year, with nearly $50 million coming from the acquisition of Marucci.
EXEC: Sebago, K-Way Parent BasicNet Relies on Europe for Growth in YTD Period
Europe (+7.3 percent) accounts for ~76.5 percent of aggregate sales while declines were seen in Americas (-30.9 percent), Asia and Oceania (-24.7 percent), and Middle East and Africa (-5.4 percent).
EXEC: Kappa Retail Stores in China Post Continued Declines in Fiscal Q2
China Dongxiang Co., Ltd. reported that its Kappa-branded stores recorded a high-single-digit decrease on a year-over-year basis for the fiscal second quarter ended September 30.
EXEC: Moncler S.p.A. Sees Consumer Confidence, Weaker Q3 Weigh on YTD Results
In the third quarter, Group revenues were €635.5 million, down 3 percent constant-currency compared to the same period of 2023, cutting into the year-to-date trend increase of 6 percent at constant exchange rates.
EXEC: Big 5 Sees Improving Sales Trends Leading into Holiday Season
The retailer saw the Apparel and Footwear categories each down ~9 percent and Hardgoods was down ~6 percent in Q3 but a number of product categories are contributing to the improvements in sales trending, including the early rates in fall and winter apparel.
Brooks Running Reaches $1 Billion Milestone in Nine-Month YTD Period
The gains in the third quarter were said to be boosted by a 10 percent year-over-year increase in North America, led by 16 percent e-commerce growth. Revenues grew 10 percent in the EMEA region, reportedly fueled by 24 percent e-commerce sales growth.
EXEC: Adidas Settles with Kanye, But Yeezy Hangover Still a Drag on Strong Third Quarter
With this settlement, Adidas unwound a €100 million provision related to outstanding legal issues over the Yeezy break-up and now plans to also donate that sum to charities. Including the €100 million, total funds earmarked for charity related to the Yeezy inventory sell-off now stand at about €250 million.
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