SGB Executive Footwear
EXEC: Arc’teryx Outperforms Once Again in Q3 Despite Tough 2023 Comps
Direct-to-consumer remains the brand’s core growth engine, but Arc’teryx also reported strength in the Wholesale channel, which grew 26 percent. U.S. Wholesale was reportedly a standout for the quarter, especially for Arc’teryx.
EXEC: Amer Sports Sees Sharp Contrast Between West and East in Q3; Provides China Update
Amer Sports, which is majority owned by its China retail partner, highlighted on its conference call with analysts that while other consumer companies faced challenges in Greater China in Q3, Amer generated 56 percent growth in the region, continuing to “well outperform the market.”
EXEC: Scottish Retail Industry Urges Consumers to be Considerate this Christmas Season
Scotland’s retail trade association and its trade union for retailers have joined together this holiday season to encourage more “considerate” Christmas shopping in 2024.
Rig Footwear Expands Sales Channels in East Asia Region
Japan-based Rig Footwear has entered into a new partnership agreement with Hong Kong-based Step Hill International Co. Ltd. to strengthen market development and distribution in East Asia (Taiwan, Singapore, and Malaysia).
New StockX Report Sees Performance Footwear Now Dominating Demand
The company released its latest trend report, Big Facts: 2024 Trends, highlighting the brands and products that have made a mark on the 20224 sneaker resale market.
EXEC: Asics NA Leans on Performance Run and SportStyle to Deliver DD Growth in Q3
The Asics North America region reportedly produced double-digit net sales increase in the period and maintains a nearly double-digit year-to-date (YTD) net sales increase.
EXEC: October FW Factory Shipments Tell a Divergent Tale as Key Nike Factory Declines
Yue Yuen’s manufacturing business, which boasts Adidas, Merrell, Asics and many others as key customers, posted a 21.3 percent increase in October while Feng Tay, a major Nike supplier, turned negative once again.
EXEC: Major Asia Footwear Manufacturer Continues to Cut Mainland China Production
The U.S. continues to be the No. 1 destination for deliveries for Yue Yuen, but the region is also losing share to product shipped to Mainland China and Europe. Indonesia is the largest country of origin this year, representing 53 percent of total production.
EXEC: Descente Ltd. Posts Another Record Second Quarter in Sales and Profits
Descente Ltd. reported that net sales for the fiscal second quarter ended September 30 increased 4.7 percent to ¥62,818 million, reportedly due to foreign exchange effects and growth of the Descente and Uumbro brands in Japan and South Korea.
EXEC: Asics Hikes FY Outlook As Q3 Revenues Climb 16 Percent
Asics raised its guidance for the year after reporting sales in the third quarter grew 16.0 percent with profits expanding faster. Double-digit revenue growth in the quarter was achieved in North America, Europe, Japan and Greater China.
EXEC: Mizuno Corporation Posts Record H1 Results in Sales and Profits
Mizuno management said there are concerns regarding the volatility of the financial market due to the monetary policies of individual countries and changes in political and global landscapes, as well as changes in consumer sentiment amid the continued rise in prices.
EXEC: Alpargatas Saw Havaianas Taking Market Share, Posting Growth in Q3
The management team at Alpargatas, the Brazil-based parent of the Havaianas and Rothy’s brands, offered their take on the 2024 third quarter with a particular focus on the company’s strategic review and transformation process that has already started to bear fruit for the Havaianas flip-flop brand.
EXEC: Under Armour Shares Pop on Strong Q2 Earnings Beat
Shares of Under Armour surged 27 percent on Thursday after the company reported operating earnings topped guidance by $50 million due to efforts to reduce promotions at its DTC channels, particularly online. Under Armour President and CEO Kevin Plank expressed confidence that initiatives to elevate product and storytelling will drive a return to growth.
EXEC: SportChek’s Q3 Retail Sales Grow and Helly Hansen Declines for Parent Canadian Tire
SportChek retail sales increased 2.0 percent year-over-year and comparable sales were up 2.9 percent for the quarter, marking two consecutive quarters in which SportChek outperformed industry trends.
EXEC: Puma Eyes Boost from Low-Profile Footwear Trend
Puma’s growth accelerated in the third quarter to a 5 percent currency-adjusted (ca) gain from 2.1 percent in the second quarter, led by a recovery in footwear demand. Arne Freundt, CEO of Puma, said on a media call, “I’m very confident to say that we are leading the low-profile trend.”
