Full year 2025 revenues are now expected to reach ¥800 billion, up from the initial forecast of ¥780 billion provided on February 14, 2025. The company will further increase the annual dividend forecast to ¥28.00 per share.
Category: Footwear
EXEC: On Holding C-Suite See Lifestyle Appeal, Younger Consumers Propelling Growth
Martin Hoffman, who now holds the CEO chair on a solo basis, said On is raising its outlook for 2025 due to the strong Q2 performance , continued momentum in early Q3, a strong order book for the fall/winter season and continued efficiencies.
Moody’s Reduces Academy Sports Debt Ratings Outlook
Moody’s Ratings lowered Academy Sports & Outdoors’ debt ratings outlook to “stable” from “positive” on its belief that the retailer’s credit metrics “will take longer than originally anticipated to reach levels in line with a higher rating” due to the challenged economy.
EXEC: UK’s SportsShoes.com Delivers 4 Percent Annual Growth
The UK-based company reported sales rose 4 percent to a record £93.3 million ($126 mm) in its fiscal year ended February 28 while EBITDA advanced 13.3 percent year-on-year to £6 million.
OR Show Parent Acquires Generis Group to Expand Executive Summits Portfolio
Emerald Holding, Inc., announced that it has acquired 100 percent of the equity interest in Generis Group, a Toronto-based provider of B2B executive summits. Terms of the acquisition were not disclosed.
EXEC: Nike Brand Owner in Brazil Aligns with Beaverton’s Renewed Focus on Wholesale
Nike’s physical stores, including both full price and NVS (Nike Value Stores) in Brazil expanded 8.2 percent year-over-year (y/y), with same-store sales up 10.7 percent y/y in the second quarter. Nike’s digital channel recorded a 5.1 percent y/y increase. Wholesale revenue was up 4.4 percent y/y.
Report: Gildan Activewear in Talks to Acquire Hanesbrands
Gildan Activewear, headquartered in Montreal, Canada, is close to acquiring Hanesbrands in a potential $5 billion deal that includes debt. A deal could be agreed by the end of the week, but sources cautioned that an acquisition may not be finalized.
On Holding AG Beats Top-Line Estimates for Q2 but Swings to Net Loss; Raises Full Year Guidance
ONON shares were up more than 10 percent in pre-market trading on Tuesday, August 12, after the company delivered another record quarter for net sales, combined with significant increases in EBITDA in the 2025 second quarter while suffering a net loss in the period compared to net income in the year-ago quarter.
EXEC: Salomon Turns Heads and Makes Friends with New Concept Store on Shanghai’s Anfu Road
The company said the new location integrates Salomon’s French heritage and pioneering retail space with the local community, marking an upgrade of its retail experience in China. One retail advisor in attendance called the positioning and execution “a masterclass in brand evolution.”
EXEC: Top Asia FW Factories Record Weaker Shipment Trends in July 2025
Feng Tay Enterprises, one of the longest-tenured producers of Nike footwear, saw manufacturing revenues fall 8.8 percent year-over-year (y/y) in July. Yue Yuen manufacturing increased just 0.5 percent in July after posting a 9.4 percent y/y increase in June 2025.
Bass Pro’s Debt Rating Outlook Cut To Negative on Soft Boat Biz
Moody’s lowered its ratings outlook on Great Outdoors Group to negative from stable due to weaker-than-expected operating performance, largely in its boating business, which is a “result of increased industry promotional activity amid soft consumer demand for boats.”
VF’s Former CFO Joins Ibotta
Matt Puckett, the former CFO of VF Corp., will join the Denver, CO-based Ibotta, Inc., a digital promotions platform, as CFO, effective August 25.
Rural King Opens Eleventh Pennsylvania Store – in Indiana
The family-owned retailer, dedicated to the rural lifestyle, has opened its 11th Pennsylvania store in Indiana, PA, home to Indiana University of Pennsylvania. The retailer will host a grand opening from August 15 to 17.
Scheels to Open Second Oklahoma Store; Seeking Financial Incentives for OKC Store
The retailer will officially open a 300,000+ sf store in Oklahoma City in the Spring of 2028. The city’s Economic Development Trust unanimously approved an $8 million funding agreement to support the development of the store, pending approval. Scheels opened a store in Tulsa last year.
U.S. Footwear Sales Slip in First Half Despite Gains in Sneakers and Performance
U.S. footwear industry dollar sales declined 1 percent in the first half of 2025, as declines in fashion and outdoor footwear categories offset gains in the sport, lifestyle and performance segments, according to Circana. Styles inspired by running, soccer/football, and cross-training paced the sport lifestyle category, while performance footwear was led by walking, running and cross-training.
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