Sporting Goods stores jumped 9.9 percent year-over-year (y/y) unadjusted in July, accelerating from an 8.5 percent y/y gain in May. Clothing, Footwear, Accessories, and General Merchandise were also among the channels with accelerated growth. Overall core retail sales were up 5.93 percent y/y, up from an increase of 3.36 percent in June.
Category: Footwear
EXEC: Yue Yuen Sees H1 Growth in Athletic & Outdoor FW Slow as Casual & Sandals Jump
Yue Yuen said it remains committed to its mid- to long-term capacity allocation strategy. This includes diversifying its manufacturing capacity into regions such as Indonesia and India where labor supply and infrastructure are supportive of sustainable growth
Pickleball Kingdom Franchise to Open in South Brunswick, New Jersey
Yashraj Kurani. also has a location open in Hamilton, NJ, with additional locations in Watchung and Tinton Falls scheduled to open this winter. An IT professional, is also a competitive pickleball player with a background in racquetball and badminton.
EXEC: Mexico Seeking Compensation from Adidas and Designer for Cultural Appropriation
Adidas stated in a letter dated Friday, August 8, that it “deeply values the cultural wealth of Mexico’s Indigenous people and recognizes the relevance” of the criticisms. The company requested to sit down with local officials and to discuss how it can “repair the damage” to Indigenous populations. Fashion designer Willy Chavarria also apologized.
Canada Goose Announces Election of Directors
All nominees for election as directors listed in the company’s management information circular dated June 18, 2025, were elected by a majority of the votes cast by shareholders who were virtually present or represented by proxy.
Skechers’ Q2 Earnings Climb 22 Percent as EMEA Momentum Offsets Soft U.S. Wholesale
Skechers USA, recently acquired in a $9.4 billion take-private deal with 3G Capital, delivered strong quarterly results, with sales growing 13.1 percent. This growth was led by gains in EMEA, which offset declines in the U.S. and China. Earnings climbed 21.5 percent despite margin pressure from tariffs.
EXEC: Saucony Gets Very Strong DD Growth from Each Core 4 Franchise in Q2
The Ride, Guide, Triumph, and Hurricane franchises each grew at a very strong double-digit pace at U.S. retail in the quarter, while the brand continued to grow through its Lifestyle offerings as well.
EXEC: Under Armour CEO Kevin Plank Outlines Path to North America Recovery
During Under Armour’s fiscal first-quarter call with analysts, company founder Kevin Plank stated that while the North America region will face challenges this year from higher costs due to tariffs and softening demand, “we see this as an inflection point, not a ceiling.”
Report: Tariffs Expected to Dampen Import Cargo Levels from 2024
“The hither-and-thither approach of on-again, off-again tariffs that have little to do with trade policy is causing confusion and uncertainty for importers, exporters and consumers … not raising them.” —Hackett Associates Founder Ben Hackett
EXEC: Under Armour Issues Weak Forecast, Tariff Warning
UA reported that sales slumped 4 percent in the fiscal first quarter ended June 30, and profitability was in line with plans. However, the company provided a weak second-quarter forecast, with sales declines worsening and margins impacted by tariffs. Sales are expected to decline 6 percent to 7 percent in the current quarter, pulled down by a low-double-digit percent decrease in North America.
EXEC: Merrell Brand Looks to Modernize the Trail, Execs Tout Q2 Wins
In trail running, CEO Chris Hufnagel said the Agility Peak 5 franchise was up double digits at U.S. retail, and the brand launched the new ProMorph, an all-terrain hybrid runner. He said Merrell’s continued progress in modernizing the trail helped strengthen its ability to advance in lifestyle as well.
EXEC: Havaianas Parent Sees Profits Soar on 8 Percent Sales Growth in Q2
Brazil-based Alpargatas reported sales grew 8.3 percent in the second quarter to Brazil Real $1.1 billion ($203 mm), boosted by strong double-digit gains in Europe and the U.S. and an improved channel and product mix in Brazil. Earnings improved significantly, with the year-ago quarter impacted by inventory write-offs.
EXEC: Mizuno Fiscal Q1 Profits Slide Despite Continued Sales Momentum
Japan-based sporting goods company Mizuno Corporation reported that profits declined 5.0 percent in its fiscal first quarter, ended June 30, as higher operating costs offset increased gross margins and a 4.6 percent revenue gain. In the Americas region, company sales advanced 5.1 percent, led by golf, to reach a record quarterly high, but profits were down slightly.
Allbirds Cuts Revenue Outlook for the Year Despite Q2 Exceeding Plan
Allbirds reported a loss in the second quarter on a 23 percent sales drop tied to planned store closures and international distributor transitions. Results were above guidance but the footwear maker still reduced its revenue guidance for the year while maintaining its earnings guidance.
Nordstrom NYC Hosts Nike Running @ The Corner
The shop is part of an ongoing series of pop-ups and brand takeovers at the Nordstrom NYC Flagship in a dedicated space on the corner of 57th and Broadway.
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