SGB Executive Outdoor
EXEC: Sports Direct Parent to Make Another Run at Nordic Retailer XXL ASA
It appears that Frasers Group plc (Frasers), the UK-based parent of the Sports Direct global sporting goods retailer, is making another run at Norway-based sporting goods retailer XXL ASA.
EXEC: Saucony and Merrell Grow 57 Percent in China in 2024; Saucony Hits Benchmark
In 2024, revenue from the combined Merrell and Saucony brands segment realized a year-over-year growth of 57.2 percent, accounting for 9.2 percent of the Group’s total revenue.
EXEC: Giant Group Posted Big February Shipment Growth Before Tariffs Hit
The increase in February may be a reaction to tariffs that were to take effect in March as U.S. brands and factories across Asia moved shipments up to ensure pricing.
EXEC: L.L.Bean Posts Flat Revenue in 2024; Employee Bonus Falls to 6.5 Percent
The company said it continued to navigate a challenging retail environment in 2024, in a year impacted by inflationary headwinds and a decrease in spending in the outdoor sector.
EXEC: Giant Group 2024 Net Profit Falls on Lower Sales, Tighter Margins
The tide has turned a bit in 2025, with year-to-date sales growing 13.1 percent through February, owing to a strong 30.9 percent net sales increase in the month of February.
EXEC: Are Canadians Boycotting Western U.S. Ski Destinations?
The impact of tariffs and a trade war with Canada may be having an effect on the season as data suggests Canadians may have changed their travel plans in a protest response to the implementation of Trump’s tariffs and threats of annexation.
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: Solo Brands Ends 2024 with $12M in Cash; Sees Credit Compliance Doubtful
Subsequent to the end of the year, Solo Brands drew down $277.3 million on its revolver, which matures next year on May 12, 2026. CFO Laura Coffey said the company expects to experience difficulty remaining in compliance with the financial covenants in its credit agreement.
EXEC: Vail Resorts CEO Lauds Season Pass for Business Stability in Q2
The strong Q2 execution was able to deliver a beat on the bottom line as EPS of $6.56 per share surpassed the Street’s consensus estimate by 25 cents per share even as the revenue line ($1.14 billion) missed by $2.36 million.
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: 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: Black Diamond’s Fiske Says “No Question” Retail Prices Rise if Tariffs Hit
“At the levels most recently proposed, there is no question, prices will have to go up for consumers. The outdoor industry has absorbed inflationary pressures for too long. Prices will simply have to go up.” —Neil Fiske, President, Black Diamond Equipment
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: Rapala VMC Getting Big Hits with CrushCity Lures as Soft Baits Dominate
North American sales grew in almost all categories except hard baits, impacted by the trend shift in fishing techniques favoring soft plastics over hard baits. CrushCity was the driving force in the company’s soft bait business.
EXEC: Fenix Outdoor Takes Majority Stake in Devold of Norway Wool Brand
The parent of Fjällräven, Royal Robbins, Hanwag, and Fenix Outdoor brands, has agreed to acquire 65 percent of the shares in Devold of Norway AS, which is described as a “pioneer in wool clothing for outdoor activities and protective workwear.”
