For the foruth quarter, Puma reported that preliminary sales increased 15.5 percent on a reported basis to €2.29 billion. The company saw sales growth of 9.8 percent on a currency-adjusted (ca) basis for the quarter.
Category: Footwear
EXEC: REI Names Mary Beth Laughton as Next CEO as Eric Artz Plans Exit
Laughton, a former REI Board Director and seasoned retail leader, will join REI as president on February 3, 2025, before assuming full CEO responsibilities on March 31.
Oboz Names Lauren Colalillo as VP of Sales
Colalillo joins the company with over 15 years of sales leadership experience in the outdoor and sporting goods industries. Most recently, she was a senior sales director at Revelyst.
Skechers Opens First Performance Flagship Location in Canada
The new retail destination at Canada’s West Edmonton Mall offers an immersive experience featuring half-courts and the company’s broad performance range including Skechers’ basketball, running, golf, soccer and pickleball technologies.
EXEC: VF Corp. Confirms New Global Cuts; Analysts React to ICR Presentation
The parent company of The North Face, Vans, Timberland, Jansport and Dickies, among other outdoor and street lifestyle brands, continues to take action against the goals set out in its Reinvent turnaround plan.
EXEC: Adidas Preliminary 2024 Report Reveals Double-Digit Growth to €23.7B
In euro terms, the company’s revenues grew 24 percent to €5.97 billion in the fourth quarter, or 19 percent in currency-neutral terms versus Q4 2023. Excluding Yeezy for both years, currency-neutral revenues increased 13 percent.
Birkenstock Holding Makes Change at Chief Financial Officer Position
The company has appointed Ivica Krolo as chief financial officer of the Birkenstock Group, effective February 1. He succeeds Dr. Erik Massmann.
Saks Fifth Avenue Enters Franchise Agreement to Open Store in India
The New York City-based luxury retailer, has entered into a franchise agreement for the Indian market with retail giant Reliance Retail. As part of the agreement, Reliance Retail will expand Saks Fifth Avenue’s operations nationwide.
Moncler Appoints International Chief Brand Officer
In this newly created role, Rob Manley joins the company from Burberry, where he was the chief marketing officer until Fall 2024.
Nordstrom Rack to Open Four New Stores in Florida in Fall 2025
Nordstrom, Inc. announced plans to open a Nordstrom Rack store in Estero, FL, in Fall 2025. In addition to this location, Nordstrom Rack will open new stores in Coral Springs, Melbourne and Lakeland, FL, also in fall 2025.
Amer Sports Sees Return of Former Communications and IR Chief Päivi Antola
Antola is returning to Amer Sports after leading corporate communications and investor relations from 2010 to 2018. She will join the company in April 2025 at the latest.
EXEC: Kizik Expands Distribution into South Korea, France, Iberia, and Gulf States
The company said the expansion follows Kizik’s success in the U.S. and builds on its recent international growth, “positioning the brand for further milestones in 2025 and beyond.”
OrthoLite Appoints Country Manager for OrthoLite Indonesia
Bo Grabowski will manage overall operations at OID, which will include leading manufacturing and business development, as well as establishing and managing relationships with brands and Tier 1 factory partners.
Magnum Boots Inks U.S. Distribution Deal with K Brands
The company has appointed U.S. Army and industry veteran Glen Reich as executive director of K Brands, the newly formed brand management and distribution arm of Kroll Corporation, Inc.
Target Maintains 2024 EPS Guide, Posts 2 Percent Holiday Comp, Shifts Leadership Team
Holiday sales were reportedly driven by a nearly 3 percent increase in traffic, representing gains across both stores and digital channels. During November and December combined, digital sales grew nearly 9 percent over the 2023 period.
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