Pou Sheng, the Chinese retail subsidiary of Yue Yuen, said a “further slowdown in sales momentum in the mainland China market” is expected to cause sales to decline 8.3 percent in the first half, to RMB 9.16 billion ($1.28 bn). Profits are expected to decline 44.1 percent to RMB 187.6 million.
Category: Footwear
EXEC: Adidas Confirms Outlook but Q2 Sales Miss Estimates
In euro terms, revenues grew 2 percent y/y to €5.95 billion. The company also noted that the strengthening of the euro against several currencies resulted in an unfavorable translation impact of ~ €300 million in the quarter.
Nike Streamlines Metcon Franchise for Cross-Training Benefits
“In designing the Metcon 10, we really streamlined the build and focused on going back to the foundation of what makes Metcon great, listening to the voices of athletes across all disciplines and intensities to create a shoe that reflects the way they train today.” —Erin Gleason, Product Line Manager, Nike Training
North Face Parent VF Tops Wall Street Fiscal Q1 Targets but Sales Flat on Continued Vans Weakness
The company’s fiscal first-quarter loss was smaller and sales were higher than company guidance and Wall Street expectations. Sales were flat, with strong gains at TNF and Timberland offsetting a 14 percent decline in Vans due to inventory rationalization. Excluding Vans, revenue rose 6 percent.
EXEC: GlobalData Sees Adidas Taking Further Share from Nike in 2025
In an update on the global apparel sector, GlobalData forecasts Adidas will “remain one of the biggest winners within the global apparel market in 2025,” taking market share from Nike. Other share gainers within the sportswear category, including apparel and footwear, are expected to be New Balance, Skechers and Shein.
Big 5 Sporting Goods Widens Q2 Loss as Comps Drop 6 Percent
Big 5 Sporting Goods Corp., which in late June agreed to be acquired by a partnership comprised of Worldwide Golf and Capitol Hill Group, more than doubled its loss in the second quarter ended June 29 as same-store sales slid 6.1 percent.
Rocky Brands’ Q2 Profits Surge on Healthy Full-Price Selling
Rocky Brands reported a strong uptick in earnings in the second quarter ended June 30, boosted by strong performances by its Xtratuf and Muck brands as well as robust full-price selling across wholesale. Sales advanced 7.5 percent in the period. Bookings for its U.S. Wholesale business for the second half are up “solidly” year-over-year.
EXEC: Decathlon to Double India Sourcing to $3 Billion by 2030
The French sporting goods company said that by the end of 2030, the retailer will source 15 percent of its goods from India, with the growth driven by “high-potential” categories such as footwear, fitness equipment and technical textiles.
Consumer Confidence Index Rises in July on More Positive Forward View
July’s modest gain in confidence was said to be driven by consumers over 35 years old and shared across all income groups except those earning the least (with household annual income below $15k).
Amer Sports’ Debt Upgraded by Moody’s On Improving Cash Flow
Moody’s Ratings upgraded Amer Sports, Inc.’s debt ratings due to the company’s improvement in leverage and free cash flow, supported by a “considerable debt repayment” in 2024 and strong consumer demand for the company’s brands, which is driving earnings growth.
PGA Tour Superstore Appoints New CEO
Troy Rice is succeeding the retiring long-term CEO Dick Sullivan. Rice joins the company after serving three years as CEO of Total Wine & More and will report directly to Arthur M. Blank, owner and chairman of the Blank Family of Businesses.
Nordstrom Rack to Open Location in Encinitas, CA
Nordstrom Inc. announced plans to open a new Nordstrom Rack in Encinitas, CA in spring 2026.
EXEC: Nike Shares Jump After JPMorgan Upgrade and Price Target Hike
Shares of Nike climbed $2.97, or 3.9 percent, to $79.24 on Monday, July 28 after JPMorgan upgraded the stock to “overweight” from “neutral” due to progress on reducing inventories, momentum in securing wholesale orders and innovation showing promise for performance product.
Rack Room Shoes Opens in Greeley, Colorado
The newest location is 5,600 square feet and features footwear for men, women and kids. The store will host a grand opening on August 2. Headquartered in Charlotte, NC, Rack Room Shoes has over 520 locations nationwide under the Rack Room Shoes and Off Broadway Shoe Warehouse brands.
EXEC: PwC Sees Continued Sluggish M&A Activity in Consumer Sector In Second Half
After a timidly optimistic start to the year, the global M&A market cooled in the first half, conditioned by a highly uncertain economic and geopolitical environment, and is expected to remain challenged in the back half, according to PwC’s mid-year report. Between January and May 2025, M&A global volume in the consumer sector fell 9 percent.
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal