SGB Executive Outdoor

EXEC: Osprey and Hydro Flask Both Expanding Product Ranges and Distribution

Osprey should strengthen internationally with growth in the EMEA and APAC on demand for travel packs, while the U.S. will expand in sporting goods. For Hydro Flask, it’s all about color and configuration in the U.S. while expanding in tge EMEA through Osprey’s distribution footprint.

EXEC: Adidas Gets Another Yeezy Lift in Q1; Increases 2024 Guidance

Adidas now expects full-year 2024 currency-neutral revenues to increase at a mid- to high-single-digit rate in 2024, up from its previous forecast for a mid-single-digit increase. The latest Yeezy drop added revenues of around €150 million and an operating profit of around €50 million in the first quarter.

BRC: UK Retail Sales See Good Recovery in March, Outpacing U.S. Trends

The British Retail Consortium said UK total March retail sales increased 3.5 percent year-over-year in March, cycling growth of 5.1 percent in March 2023. This was said to exceed the 3-month average growth of 2.1 percent and the 12-month average growth of 2.9 percent.

VF Corp. To Roll Out 300 Additional Mono-Brand Retail Stores

The parent company of Vans, TNF, Timberland, and other active lifestyle brands engaged with Dubai-based global retail conglomerate GMG to expand its retail network across the Middle East, North Africa, and Southeast Asia markets over the next five years.

EXEC: MNC Capital Partners Ups Ante in Vista Outdoor Takeover Bid

MNC submitted an increased all-cash proposal to acquire Vista Outdoor, Inc. for $37.50 per share, or approximately $3.0 billion, as it tries to head off the sale of Vista’s ammo business to a foreign entity. Meanwhile, Vista has scheduled a shareholder vote for the sale of the ammo business to Czechoslovak Group.