SGB Executive Apparel
EXEC: Golden Goose Spikes 2024 Revenues with 24 Global Store Openings
Retail drove DTC performance with 23 percent growth, supported by 24 net new store openings and high single-digit comp sales growth and double-digit comp growth in Q4. Wholesale channel sales declined 4 percent year-over-year.
EXEC: Zumiez CEO Details Strong Q4 Progress Across Softgoods Categories
The Men’s category maintained its positive momentum through year-end, delivering growth for the fifth consecutive quarter. The women’s category, became the largest growth category for the quarter. Skate Hardgoods were a drag.
EXEC: Tilly’s, Inc. Expects Little Tariff Impact; Merchandising is Bigger Issue
Total foruth quarter comparable net sales, including both physical stores and e-commerce, decreased by 11.2 percent relative to the comparable 13-week period ended February 3, 2024, but have turned positive as weather improves.
EXEC: New Kohl’s CEO Kicks Off Turnaround Effort; Sees Private Label as Key
Asked about the balance between private label and national brands by an analyst, new CEO Ashley Buchanan emphasized that the customer will ultimately determine the mix, with a focus on delivering quality and value.
EXEC: Puma SE Expands Q4 Profits; Full Year Weakness Leads to Job Cuts Talk
Full year net income decreased 7.6 percent year-over-year to €281.6 million in 2024 and sales increased by 2.5 percent to €8.82 billion for the year.
EXEC: Puma SE Forecast Q1 Sales to Decline on Weak U.S. and China
For the first quarter, Puma said it anticipates currency-adjusted sales growth to be down in low-single-digits versus the 2024 Q1 level, primarily due to a soft performance in the U.S. and China.
EXEC: Dick’s SG Shares Decline as Street Worries About Weaker 2025 Outlook
Dick’s posted a 5.2 percent comp store sales increase for the 2024 fiscal year, cycling against a 2.6 percent comp sales gain in the 2023 fiscal year. The retailer expects full-year comp sales growth from 1.0 percent to 3.0 percent for fiscal 2025.
EXEC: February FW Factory Shipments Soar as Key Factories Post DD Growth
Yue Yuen’s manufacturing business, which boasts Adidas, Merrell, Asics and many others as key customers, posted a 14.9 percent increase in February, and Feng Tay, a major Nike supplier, returned to positive territory delivering 11.4 percent growth year-over-year after a decline in January.
EXEC: Sebago Parent BasicNet Gets DTC Lift for Positive 2024
The Turin, Italy-based parent of the Kappa, Robe di Kappa, K-Way, Superga, Briko Jesus Jeans, Sabelt, and Sebago brands said Direct sales grew 4.2 percent to €346.8 million in 2024, while Royalties fell 2.2 percent year-over-year.
EXEC: Liberated Brands Auction Process Approved
All bids are due Monday, March 10, at 5 p.m. ET. If there are two or more bids, an auction will be held on March 17, with a hearing to approve the buyer proposed for March 24.
Adidas Inks Liverpool Football Kit Deal Rumored at £300 Million
British media reports suggest the deal is a five-year agreement worth over £60 million ($77.4 million) per year. Adidas last provided the kit deal with the LFC from 2006 through 2012. Nike has held the deal since 2020.
EXEC: VF Corp. Shares Fall Following Investor Day Part 2
Presentations during the meeting were conducted by the brand presidents from The North Face, Timberland, Dickies, Altra, and Vans who outlined key strategic objectives for each brand as well as the Emerging Brands segment.
EXEC: Athleta’s Parent Outlines Path to Reinvigorate the Brand After Tough Q4
Athleta had a challenging quarter for Gap, Inc., with comps down 2 percent while maintaining market share. The company said it has more work to do as management looks to continue efforts to reset the brand.
EXEC: Adidas Swings to Full-Year Profit in 2024; Job Cuts Loom at Herzo HQ
The company expects 2025 sales for the Adidas brand to grow at a double-digit rate in North America, Greater China, Emerging Markets, and Latin America. Europe and Japan/South Korea will increase at a high-single-digit rate.
EXEC: Foot Locker Execs Break Down Q4 Region, Banner and Brand Trends
Nike is still working to find its way back to a magic formula but found some energy around the NBA All Star festivities. Adidas is the focus in lifestyle and the Terrace trend while New Balance and Asics are gaining momentum and wall space.
