SGB Executive Footwear
EXEC: 361 Degrees Owned-Retail Growth Accelerates in Q4 as E-Commerce Jumps
361 Degrees International, Ltd. reported brick-and-mortar retail sales of 361º core-branded product increased ~ 10 percent year-over-year for the fourth quarter of 2024. E-commerce product recorded sales growth of ~ 30 percent to 35 percent.
EXEC: JD Sports Fashion Reports 3.4 Percent Organic Sales Growth for Holiday
On a year-to-date (YTD) basis through January 4, comp sales revenue was flat, and the company said it expects full-year comp sales revenue to be at a similar level as the YTD trend.
EXEC: Reebok’s U.S. Operations Sold to Galaxy Universal
Galaxy Universal specializes in the athletic, health and outdoor categories, among others, and owns the And1, Gaiam and Tony Hawk brands, and licenses the Justice and London Fog brands.
Famous Footwear Parent Cuts Sales and EPS Guide for Second Time in Two Months
Consolidated net sales are forecasted to be down 3.0 percent to 3.5 percent for fiscal 2024, compared to a December forecast for net sales to be down in a range of 2.5 percent to 3.0 percent and versus initial guidance of down in low-single-digits percent.
EXEC: Key Nike Factory Swings Back to Shipment Declines in December
Feng Tay Enterprises manufacturing revenues rose 2.0 percent for full-year 2024, while peers Stella International declined 3.5 percent for the month and Yue Yuen manufacturing posted an 11.1 percent increase for the 2024 full-year period.
EXEC: Stella Intl Sees 2024 Footwear Shipment Volume Jump 8.2 Percent; ASPs Decline
Average selling prices (ASPs) were $27.90 per pair in Q4, compared to $28.80 in the prior-year Q4 period. Full-year ASPs were down 4.4 percent to $28.40 per pair, compared to $29.7 per pair in 2023.
EXEC: JCPenney Merges with Sparc Group to Form Catalyst Brands
The combined Catalyst Brands organization is a joint venture formed in an all-equity transaction between JCPenney and the Sparc Group, with shareholders Simon Property Group, Brookfield Corporation, Authentic Brands Group, and Shein.
EXEC: Anta Reports Fila Retail Sales in China Swings to Growth Mode in Q4
Retail sales for the Fila brand in China reportedly increased in mid-single digits for the 2024 full-year period, while Anta brand sales improved in the high-singles year-over-year and All Other Brands, including Descente and Kolon Sport, saw fourth-quarter retail sales increase in the 40 percent to 45 percent range.
REI Shuttering Experiences Business, Cutting 428 Positions
The closure of the Experiences business will affect 180 full-time and 248 part-time employees, which are primarily guides serving the business. REI said it will re-invest in the core Camp and Backpack, Run and Hike, and Outside Life businesses.
EXEC: SGB 2025 Look Ahead with Active Lifestyle Market Leaders
Leaders in the active lifestyle space expressed cautious optimism about 2025 with inflationary pressures easing, supply chains largely normalized and generally healthy interest in sports. Insights from Academy Sports, Brooks Running, Rawlings, Fleet Feet, Selkirk Sport and others.
EXEC: SGB 2025 Look Ahead with Trade Association Leaders
Trade associations representing the active lifestyle space shared their concerns with SGB Executive regarding potential tariffs, supply chain disruptions and the likelihood of an unstable economy in 2025. However, they were generally upbeat about the year ahead.
EXEC: SGB 2024 Year in Review Wrap Up
If you are just back from two weeks in Fiji, never fear as SGB Media has you covered on the people, brands and issues that made 2024 a year to forget for many retailers and brands in the active lifestyle space.
SGB 2024 Year in Review: Active Lifestyle Stocks Under Pressure Again in 2024
For the third consecutive year, stocks in the active lifestyle market were impacted by inflation woes, tepid consumer spending and the larger public companies, including Nike, Lululemon, Columbia Sportswear and Topgolf Callaway Brands, all lost sales momentum.
SGB 2024 Year in Review: Most Read Articles for the Year
Top reads included a piece at No.1 most read addressing Chiefs’ QB Patrick Mahomes’ cracked helmet during the playoffs in January, downsizing at Orvis, Yeti’s thought process on Mystery Ranch deal, HeyDude and Jelly Roll’s global partnership launch, and Nike, Inc. putting the band back together after appointing Elliott Hill as CEO in October 2024.
SGB 2024 Year in Review: A Shifting Market Impacts the Largest Active Lifestyle Brands
The top news trends for the year were primarily centered around turnaround efforts at some of the biggest public companies in the active lifestyle market.
