SGB Executive Footwear
EXEC: Puma CEO Sees U.S. Returning to Growth in Second Half
Puma’s sales in the Americas region returned to growth in the first quarter due to gains in Latin America and overall strength in performance and retro footwear styles. North America delivered sequential improvement and remains on track to resume growth in the second half, Puma officials said on a media call.
EXEC: Wolverine Worldwide CEO Outlines Transformation Progress To-Date
The company is beginning to see sequential improvement in its selling trends and that is said providing a level of confidence that the developed strategies and tactics are beginning to gain traction.
EXEC: BOA Fuels CODI’s Q1 Branded Consumer Group; Primaloft Sees Order Growth
BOA grew revenues and adjusted EBITDA by 13 percent and 15 percent, respectively in the first quarter of 2024. Bookings outpaced revenue growth, which supports expectations of a strong 2024.
EXEC: JD Sports Fashion to See Company Board Shift at Annual Meeting
Mahbobeh Sabetnia, a non-executive director and member of the Remuneration Committee, has decided not to stand for re-election at the company’s Annual General Meeting on June 27.
EXEC: Fenix Outdoor Sees Q1 Sales Decline, but DTC Shines
Brands segments, which includes Fjällräven, Royal Robbins, Hanwag, and Fenix Outdoor, had sales of €45.2 million in the first quarter, falling 14.9 percent from €53.1 million in the prior-year first quarter.
EXEC: Big 5 CEO Details Q1 Challenges; Offers Tepid Outlook for Near Term
The retailer has continued to feel the effects from the ongoing macro headwinds that are impacting consumer discretionary spending in the second quarter-to-date as same-store sales are running down despite a benefit from an extra day due to the Easter shift.
EXEC: REI Co-Op Sales Ticked Lower in 2023; Loss Widens
REI reported that three factors largely drove the loss: its commitment to continue investing in hourly employee pay, its commitment to providing a member reward and a $169 million non-cash valuation allowance against its deferred tax assets.
EXEC: Adidas Swings to Q1 Profit as DTC Drives Top-Line Growth
Footwear revenues grew 13 percent in Q1, said to be driven by the strong brand momentum, particularly in the Originals and Football categories, and Apparel sales were up 2 percent in the period. Accessories grew 1 percent.
EXEC: Kappa Retail Stores in China See Comp Sales Decline in Fiscal Q4
Same-store sales recorded a high-single-digit decline on a year-over-year basis for Kappa-branded stores that have been in operation since the beginning of the prior-year fourth quarter.
EXEC: Columbia Using Temp Stores to Offload Excess Goods as it Fights to Right-Size
While the company is focused on improving the Columbia, Sorel and Prana businesses through investments in innovation and marketing, the company only has to look as far as its Mountain Hardwear brand and new leadership and direction to see early results of similar efforts.
Agilitas Sports Inks Lotto Brand License for India, Australia and South Africa
Agilitas Sports secured the rights to design, manufacture, promote, and distribute the Lotto brand in India, Australia and soon in South Africa.
EXEC: Sports Footwear Shipments Fuel Growth, Cut ASPs for Stella Int’l in Q1
Shipment volumes for the first quarter increased by approximately 21.9 percent year-over-year to 11.7 million pairs. Again the percentage increase in pairage shipped accelerated from the 2023 Q4 trend, nearly doubling the 10.9 increase in Q4.
EXEC: Saucony, Merrell and K-Swiss China Retail Partner Sees Slower Q1 Growth
Xtep International had 110 Saucony-brand stores and four Merrell-brand stores operational in Mainland China at the end of 2023. The company boasted 101 K-Swiss stores in the Asia Pacific region at the end of the year, with 94 Palladium brand stores to end 2023.
EXEC: Anta Sports Sees Fila Brand Q1 Retail Sales Trend Moderating from 2023
Retail sales, in retail value, for the Fila brand increased in high single digits year-over-year in the first quarter, a sharp moderation from the strong double-digit in the 2023 fourth quarter and the high-teens trend for the 2023 full year.
StockX: Fakes Were 19 Percent of Rejected Sneakers Over Last 12 Months
In 2023 the company rejected over 325,000 products, collectively valued at over $82 million, because they did not meet StockX’s verification standards, with 19 percent of that total tagged as suspected fakes. Used products totaled 29 percent of rejects.
