SGB Executive Outdoor
EXEC: Hibbett’s New Parent Saw North America Outpace UK and Europe in Q2
Second-quarter comparable store sales were reported to be strongest in North America, with 5.7 percent comp sales growth year-over-year. The region also led in organic sales growth.
EXEC: Salomon Sees North America Q2 Wholesale Cut into 55 Percent Jump in Global DTC
Amer opened 27 Salomon shops in Q2 in Greater China, bringing the total count for the brand to 136 doors. Wholesale sales declined slightly for the quarter, negatively impacted by slower pre-orders in the North America sporting goods and ski channels, which increasingly relies on replenishment orders.
EXEC: Arc’Teryx Was Still Firing on All Cylinders in Q2 as DTC Led the Way
Technical Apparel segment growth was fueled by 39 percent DTC expansion, including a 26 percent omni-comp result, which was considered “a great result” as it had to comp against an 80 percent omni-comp last year in the second quarter.
EXEC: GoPro Inc. Cutting 15 Percent of Workforce in Cost-Cutting Effort
The Restructuring Plan would reduce its full-time employees by 15 percent from 925 full-time workers at the end of Q2. Cuts would begin in Q3 2024 and be “substantially completed” by the end of 2024. The layoffs would affect 139 positions.
EXEC: Rip Curl and Oboz Parent KMD Brands Saw Improved Fiscal Q4 Trends
Despite a double-digit sales decline for the year, the company highlighted the improvement in the business throughout the year after first-half sales fell 14.5 percent and Q3 sales declined 11.1 percent, but Q4 saw a significant moderation in the declines to slide 5.0 percent for the May through July period.
EXEC: A Look Ahead at Amer’s Q2 Results as Weak China Retail Worries Market
Amer Sports, Inc. will report Q2 results tomorrow morning. Investors hope the slowdown in China did not have an outsized impact on the company’s performance in the period, particularly the Arc’teryx brand, which relies heavily on the Greater China market for its revenue.
EXEC: Lazydays Holdings Gets Creative to Weather the RV Downturn
Despite the creative work of managing inventory, generating sales, and cutting expenses, the company continued to see revenues fall 22.6 percent in Q2, with the bottom line falling into the red as RV traffic stalled this year.
EXEC: Lolë Brands Acquires Sanuk Footwear from Deckers Brands
Katie Pruitt, who has worked for Deckers for nearly 13 years, including four years with Sanuk, was appointed VP and general manager of Sanuk at Lolë Brands. Lolë said she is the “ideal choice to lead the brand into the future.”
EXEC: Ahead, Craft, Cutter & Buck Parent Gets Q2 Lift from Sports & Leisure
The Sports & Leisure segment increased 10 percent, and all regions except Other Countries improved their net sales. Net sales from April through June increased to SEK 958.6 (869.2) million.
EXEC: Yue Yuen Sees Improving FW Manufacturing but China Retail Still a Drag
The volume of shoes shipped during the first half period increased by 9.9 percent to 120.7 million pairs amid a “decent recovery trend” and a further normalized order book. Pou Sheng China retail decreased 12.7 percent to $1.38 billion in U.S. dollar terms for the first half.
EXEC: Giant Group Saw Ugly but Improving Trends in First Half; H2 Shaping Up Nicely
The 5.8 percent decline in Q2 was a clear quarter-over-quarter sequential improvement versus the 2024 first quarter, when Giant Group saw revenues fall 20.2 percent for the January through March period, on top of a 9.7 percent decrease in the corresponding Q1 period last year.
EXEC: Under Armour’s Shares Jump on Q1 Beat, Guidance Raise
Shares of Under Armour rose nearly 20 percent Thursday after the company notched a surprise quarterly profit before litigation-related charges as both gross margins and North America’s sales performance exceeded expectations. Under Armour slightly raised its outlook for the year.
EXEC: Yeti Shares Surge as Company Delivers Continued Good News to Market
Growing margins, International growth, innovative new products, shifting sourcing, inventory control, new leadership and a new licensing partnership with the NFL rolled up into a very positive report and conference call on Thursday.
EXEC: Helly Hansen Posts Small Q2 Growth While SportChek Declined on Weather Woes
Canadian Tire Corp., parent of Helly Hansen and the SportChek, Sports Experts, Atmosphere, Pro Hockey Life, Sports Rousseau, Hockey Experts, and Mark’s retail banners, reported top-line pressures in Q2 were balanced by strong margin and cost control, improving retail profitability.
EXEC: Mountain Warehouse Submits $5M Stalking Horse Bid for EMS Assets
UK-based Mountain Warehouse has emerged as the stalking horse bidder for Eastern Mountain Sports with a $5 million bid to acquire the EMS intellectual property. EMS parent company GoDigital Media Group filed for bankruptcy in June.
