SGB Executive Apparel
EXEC: Salomon Sneaker Sales Exceed $1B in 2024; Winter Sports Equipment Falters
Salomon footwear and apparel now represent approximately two-thirds of the Outdoor Performance segment that also includes the Salomon, Atomic and Armada snow sports equipment brands, up significantly from the 54 percent share in 2022.
EXEC: Arc’teryx Brand Surpasses $2 Billion Mark in 2024 as Sales Grow 36 Percent
Amer Sports CEO James Zheng told analysts and investors on the company’s Q4 conference call that strong growth at Arc’teryx came across all regions, channels, and categories — especially in footwear and women’s, which grew faster than the brand overall.
EXEC: Amer Sports Posts Strong DD Q4 Growth Across Big Three Brands
The company saw continued strong results in Greater China and Asia Pacific, accelerating growth in North America and EMEA. The Technical Apparel segment, including Arc’teryx and Peak Performance brands, led growth with a 34 percent year-over-year increase.
EXEC: REI Co-op Raises $230 Million Through Sale-Leaseback Deals for Four DCs
The chain specialty outdoor retailer has entered into a long-term sale-leaseback agreement with Madison Capital, a New York-based real estate investment firm, for its four Class A distribution center properties.
EXEC: Sports Direct Parent Frasers Abandons Nordic SG Retailer XXL Takeover Effort
Frasers cited the condition requiring acceptance of the Intended Offer by a sufficient number of shareholders to ensure that it would hold more than 50 percent of XXL shares and votes on a fully diluted and converted basis would not be satisfied.
EXEC: Authentic Appoints New Reebok Licensing Partners for U.S., UK and Europe
In the U.S., Galaxy Universal takes over Reebok’s footwear operation, retail stores and e-commerce, and will lead the brand’s global product creation, design and sourcing. A new JV, GB Brands Europe Ltd., will oversee the brand’s operations across Europe and the UK.
EXEC: Wolverine Worldwide Shares Fall 17 Percent as 2025 Forecast Disappoints
Fourth quarter revenue fell 5.8 percent year-over-year but rose 3.3 percent to $494.7 million when tallying the company’s ongoing business. The company posted big improvements in gross margin and operating margins in Q4, leading to a positive earnings result.
EXEC: VF Corp. Spin-Off Acquires Helly Hansen
The VF spin-off parent of the Wrangler and Lee brands has signed a definitive agreement to acquire 100 percent of Helly Hansen from Canadian Tire Corporation for ~ $898 million.
EXEC: Nike Inc. Launching Co-Branded NikeSkims Effort with Kim Kardashian
The co-branded effort to find a pathway to more women consumers runs counter to the company’s efforts to connect with core female athletes that were the clear focus in its Super Bowl LVIII advertising and recent comments from the company’s new CEO, Elliot Hall.
EXEC: European Outdoor Group and Messe München Cancel OutDoor 2025
European Outdoor Group (EOG), along with trade show organizer Messe München, have jointly decided not to hold the OutDoor 2025 as scheduled in May.
EXEC: Asics Sees 2024 Lifestyle Footwear Sales Surge 50+ Percent
The company’s SportStyle and Onitsuka Tiger categories each posted growth in excess of 50 percent year-over-year to nearly ¥100 billion each, while operating profits more than doubled for each category versus 2023. SportStyle sales grew 120 percent in the North America region.
EXEC: Moncler S.p.A. Continues Double-Digit DTC Growth in 2024 as Wholesale Falls
Moncler S.p.A. (Group), the Italy-based parent of the Moncler and Stone Island brands, saw full-year 2024 consolidated revenues increase 7 percent in constant-currency terms (cFX), to €3,108.9 million.
EXEC: Authentic Inks Deal to License Spyder Brand for Snow Apparel & Accessories
Authentic Brands Group (Authentic) has granted Outdoor Collective the license for Spyder manufacturing in the ski and snow apparel categories, as well as accessories. The move comes on the heels of the bankruptcy of former partner and Spyder licensee Liberated Brands.
EXEC: Sebago, Superga, K-Way Parent BasicNet Posts Solid 2024 Gains
BasicNet S.p.A., the Turin, Italy-based parent of the Sebago, Superga, Briko, Kappa, K-Way, Jesus Jeans, and Sabelt brands, has reported that full-year consolidated revenues increased 3.1 percent year-over-year to €409.2 million in 2024.
EXEC: Fenix Outdoor Sees Credit Issues and Weather Impact Q4
The parent of Fjällräven, Royal Robbins, Hanwag, and Fenix Outdoor brands reported that the 2024 fourth quarter started promising, but a delay in winter weather meant it slowed down before improving again toward the latter part of the quarter.
