EXEC: Kamik CEO Talks 125 Years of Fighting Bad Weather

The  Montreal-based boot maker is celebrating its 125th anniversary of protecting feet from wet, chilly, slushy, and icy conditions. CEO Gillian Meek talked with SGB Executive about the company’s roots, the benefits of Canadian manufacturing, the brand’s strength in kid’s boots, and more.

Descente Sees Mid-Single-Digit Growth in Fiscal H1

Descente, Ltd. reported that revenues for the fiscal six months ended September 30 rose 4.9 percent to ¥59.9 billion ($396 mm) from ¥57.2 billion a year ago. Gains from the incorporation of Le Coq Sportif (Ningbo) Co. Ltd. (NLCS) into China’s consolidated results and growth in activewear overall offset decreased sales in golfwear.

EXEC: Asics Lifts Outlook On Robust Third Quarter Results

Asics Corp. raised its outlook for the year after reporting strong earnings improvement in the third quarter and nine months ended September 30. Sales grew 14.5 percent in the third quarter and 23.4 percent in the nine months with healthy gains across regions.

EXEC: Yeti Eyes Return to Double-Digit Growth In Fourth Quarter

Yeti Holdings Inc. slightly reduced its sales guidance for the year due in part to cautious ordering from wholesale partners but still expects sales to return to double-digit sales gains in the fourth quarter as the brand recovers from a massive recall and experiences positive sell-throughs at U.S. wholesale channel across drinkware and coolers & equipment segments.

EXEC: Under Armour Can’t Dodge North American Turbulence

Under Armour reported sales and earnings in the fiscal second quarter ended September 30 topped analyst targets, but annual sales guidance was reduced due to further deterioration in the North American wholesale business. CEO Stephanie Linnartz told analysts, “Several forces are at play here, including inflation and consumer confidence, normalizing inventory levels amid still broad promotions, and overall softness in our future wholesale order book.”

EXEC: Wrapping Up the Less-Than-Jolly Holiday Forecasts For Retail

Holiday forecasts arriving in recent weeks roundly forecast sales will slow this year versus pandemic stimulus-boosted gains in recent years. However, while many expect a “resilient” consumer will drive solid gains similar to pre-pandemic levels, some see inflationary and macroeconomic concerns weighing disproportionately on discretionary spending.

EXEC: Crocs Sets Plan to Revive HeyDude’s Growth

Crocs, Inc. scraped its earnings and sales guidance for the year due to the continued underperformance of its recently-acquired HeyDude brand. On an analyst call, Andrew Rees, Crocs’ CEO, admitted HeyDude has faced “several growing pains this past year” due to a mix of internal missteps and external pressures and forecasted the brand’s wholesale revenues in North America would remain negative through Q224.