EXEC: Hydro Flask’s Parent’s Shares Crash on Slowing Sales, Tariff Hit
Shares of Helen of Troy tumbled about 23 percent Thursday, July 10, after the company reported a loss in the fiscal first quarter ended May 31 on a 10.8 sales decline and issued guidance for the current quarter that was well below analyst targets. Of the sales decline, approximately eight percentage points was attributed to tariffs.
EXEC: Top Asia FW Factories See Improving Shipment Trends in June 2025
Feng Tay Enterprises, one of the longest-tenured producers of Nike footwear, saw manufacturing revenues decline 3.1 percent year-over-year (y/y) in June after cratering 23.4 percent in May. Yue Yuen Manufacturing increased 9.4 percent y/y in June after increasing just 0.5 percent y/y in May.
EXEC: Vuori Taps Ashley Kechter as Global President; Names Chief Legal Officer
Vuori hired Ashley Kechter, formerly global brand president at Fabletics, as the company’s first global president. The brand also appointed Edward Lee as chief legal officer and corporate secretary amid market speculation that the Southern California-based activewear brand may explore an initial public offering.
EXEC: Town of Nederland Acquires Eldora Mountain Resort from Powdr
Powdr will continue to support the Mountain for the first two winters and summers. The Town’s Board said it will partner with 303 Ski, a coalition of Front Range ski industry veterans, who have been instrumental in vetting operating plans, conducting financial modeling and assessing community programming.
EXEC: Asics’ Onitsuka Tiger Business to Get Dedicated Facility in Japan
Sanin Asics Industry Corporation, a Japanese domestic shoe manufacturing facility, is being renamed Onitsuka Innovative Factory Corporation and will become a dedicated production base for Onitsuka Tiger.
EXEC: Le Coq Sportif Sold in Bankruptcy Proceedings
A group led by Franco-Swiss entrepreneur Dan Mamane, have committed to investing an initial €70 million (US$82.1 million) into the company to revive its growth. Alexandre Fauvet, a former executive vice president at Lacoste and previously the chief executive of skiwear brand Fusalp, will serve as Le Coq Sportif’s new CEO.
EXEC: Former Brooks CEO Jim Weber Highlights Key Leadership Traits
At a keynote session held during Switchback Spring, which took place from June 16-18 at the Gaylord Opryland Resort & Convention Center in Nashville, Tennessee, Jim Weber, former CEO of Brooks Running, listed focus, curiosity and trust as his “winning” trifecta formula for leadership success.
EXEC: Cinelli Now Assembling High-End Road and Gravel Bikes in the U.S.
The models, including Pressure ADR (Road Endurance), Pressure II (Road Race) and King Zydeco II (Gravel Race), are now being built at the Cinelli Logistics Center in Ames, IA.
EXEC: Footasylum Sees Strong Fiscal 2025 Results Continue into Current Year
Total sales for the first 21 weeks of fiscal 2026 are up 10.5 percent year-over-year and are reportedly “tracking slightly ahead of plan.” Footasylum’s exclusive brands were up 17 percent year-over-year for the 21-week YTD period.
EXEC: Trump Looks to Make Public Lands Great Again
It is refreshing to see the work the Outdoor Recreation Roundtable and its 50 national members have done to develop and maintain a bipartisan approach to issues that threaten to impact access, creation and expansion of Public Lands in the U.S.
Onitsuka Tiger Opens Flagship in Paris
Set within the historic Travellers Paris building at 25 Avenue des Champs-Élysées, the store spans two levels and features Tiger Yellow accents, raw concrete, and vibrant yellow glass. The ground floor houses Café Onitsuka Tiger a takeaway destination serving food and beverages.
EXEC: Trump Announces New Trade Deal with Vietnam
The revised deal includes the elimination of Vietnam tariffs on U.S. goods and a higher tariff on Vietnam shipments to the U.S, although it amounts to less than half of the 46 percent tariff imposed by the Trump Administration in early April.
EXEC: Accell Group Tracking Toward “Sustainable Recovery” After Tough 2024
The Dutch parent of the Babboe, Batavus, Carqon, Ghost, Haibike, Koga, Lapierre, Raleigh, Sparta, and Winora bicycle brands said sales dropped 22 percent in 2024 due to extensive discounting in the bike space but growth has resumed in the parts and accessories) business and certain key regions in early signs of recovery.
EXEC: Belgian Cycling Factory Opens UK/Ireland Distribution Office
The UK division is a partnership between Russell Merry, a long-time industry veteran with leadership roles at Hot Wheels, Cycling Sports Group and Frasers Group/Evans Cycles, and Jochim Aerts, CEO of Belgian Cycling Factory, headquartered in Beringen, Belgium.
EXEC: Citi Survey Finds Adidas’ Brand Perception Catching Up to Nike
Citi Research’s latest quarterly Global Sporting Goods Survey found that Nike out-ranked Adidas in terms of intent to purchase and is the athletic brand consumers perceive as the most innovative in North America. However, Adidas tied Nike for the highest Net Promoter Score (NPS) among athletic brands in June, highlighting the popularity of Adidas’ Terrace franchises
