SGB Executive Apparel

EXEC: Yonex Sees Racquet Sports Boost from Summer Olympics
Japan-based racquet sports and golf equipment manufacturer Yonex Company, Ltd. reported revenues expanded 18.8 percent in its fiscal year ended March 31 to ¥138.2 billion ($936 mm). Sales for Badminton and Tennis increased in Japan and overseas due to strong demand.

EXEC: Large Asian Athletic and Outdoor FW Maker Hurt by Margin Pressures
Yue Yuen reported a modest gain in first-quarter sales as a high-single-digit gain in its manufacturing business offset a decline in the Pou Sheng China retail business. Profits declined 24.2 percent in the period ended March 31 due to lower margins in both segments.

EXEC: Mizuno’s Annual Sales and Profits Reach Record Levels; Golf and Running Lag
In the Americas region, Mizuno sales grew 6.2 percent on strength in golf and volleyball, while operating profits improved 18.3 percent year-over-year. The company said there is a sense of a lull in the expansion of the golf market, which has continued over the past few years.

EXEC: U.S. and China Agree to 90-Day Tariff Pause
In announcing a pause on the tariff war, the U.S. tariffs were cut to 30 percent from 145 percent, and the China tariffs on U.S. goods were cut to 10 percent from 125 percent as the two countries work to develop a long-term deal.

EXEC: Saucony is the New Darling for Wolverine Worldwide as Sales Jump 30 Percent in Q1
The Saucony brand is clearly the new darling at its parent company in Grand Rapids, Michigan, delivering revenue growth of 31.1 percent in constant-currency terms in Q1, but is also gaining steam in China, where the licensee there reported 40 percent growth.

EXEC: Merrell Parent’s CEO Lays Out Q1 Results, Tariff Plans and Q2 Growth Estimates
Wolverine Worldwide first quarter revenue grew by over 5 percent on an ongoing basis and nearly 7 percent on a constant-currency basis, with the results driven by the company’s two biggest brands: Saucony and Merrell.

EXEC: REI Members Reject Three Co-op Backed Board of Director Candidates
Employees and organizers of the REI Union effort have taken credit for running a successful and disruptive attempt to reject the candidates put forward by the co-op’s current Board of Directors and offered up their candidates

EXEC: REI Co-op Halves 2024 Net Loss, Improves Margins, Reduces Inventories
The co-op reported that 2024 net sales declined ~6.2 percent to $3.53 billion, compared to $3.76 billion in 2023, while investing over $282 million back into the co-op community and ending the year in a cash flow neutral position.

EXEC: SportChek’s Q1 Same-Store Sales Expand 6.3 Percent at CTC
Canadian Tire Corp. reported SportChek delivered a third consecutive quarter of comparable sales growth, up 6.3 percent, driven by strong sales across corporate and franchise stores. Skiing, snowboards, hockey, and outerwear were the top-performing categories in the quarter.

EXEC: Puma SE Profit Plunges on Flat Q1 Sales Growth; Confirms 500 Position Cuts
The company reported flat year-over-year sales growth in the first quarter on a currency-adjusted basis and a 1.3 percent decline in reported terms, as Wholesale fell behind and DTC sales posted double-digit growth.

EXEC: Under Armour’s and Mizuno’s So. America Partner Posts High-Teens Q1 Growth
The company, which manages the Under Armour, Mizuno and Olympikus brands in South America, said in its Q1 report that the e-commerce channel continued its strong growth trajectory during the first quarter, posting a 53.8 percent y/y increase for the quarter.

EXEC: Helly Hansen Off to Promising Re-Start with New Parent Kontoor Brands
Kontoor Brands Inc. estimated the soon-to-be-acquired Helly Hansen outdoor and workwear brand will deliver double-digit growth in the second half of the year and sounded very positive on the opportunities for Helly, particularly in the U.S. market.

EXEC: Royal Robbins Posts Q1 Increase in U.S. Market for Parent Fenix Outdoor
The parent of the Fjällräven, Royal Robbins, Devold, and Frilufts, generated sales of €157.7 million in the 2025 first quarter, compared to €163.8 million in the 2024 Q1 period, a decrease of 3.7 percent year-over-year.

EXEC: SFIA State of the Industry Report Reveals Healthy Industry Profits in 2024
Besides tariffs and economic concerns, the SFIA State of the Industry Report outlines that industry executives are pleased with recent performance results and are upbeat about prospects.

EXEC: Columbia Brand Set to Take Market Share Back in 2025; Q1 Exceeds Outlook
First-quarter net sales and earnings exceeded guidance, driven by late-season demand for winter products and strong early-spring shipments. International markets, which contributed 40 percent of annual sales, performed well, with double-digit growth in the LAAP region and high-single-digit growth in EMEA.