SGB Executive Outdoor
EXEC: VF Corp. Sees Global Strength From TNF and Timberland; Vans Improves
The parent of the Vans, The North Face, Timberland, Smartwool, Jansport and Dickies active lifestyle and street lifestyle brands, reported Wednesday that it beat third-quarter revenue and profit estimates.
Bain & Co. Releases 2025 Retail Forecast, Outlines Key Initiatives for Retailers
Bain suggests in its report that retailers face a pivotal moment in 2025. The firm said that for retailers to thrive in 2025 it will require fresh strategies around emerging technologies, customer loyalty, operations, and adaptation.
EXEC: REI Greensboro Employees Unionize; SoHo Ski Workers Get PPE Agreement
RWDSU said in a statement that REI Greensboro workers first began organizing in the wake of REI’s October 2023 round of layoffs, which cut the jobs of 275 of “the most experienced workers.”
EXEC: Saucony Posts 60 Percent Retail Growth in China
The MS (China) Sports Company Limited, a direct wholly-owned subsidiary of Xtep International Holdings Limited, operates under licensing and royalty agreements for the Merrell and Saucony brands and subsidiaries in China.
EXEC: Megabass is Latest Outdoor Brand to Partner with L Catterton
The deal positions the Japan-headquartered fishing gear manufacturer for further expansion by leveraging L Catterton’s operating capabilities and industry network on the back of rising demand for its products.
EXEC: KMD Saw Holiday Turnaround for Rip Curl; DTC Gives Lift to All Brands
The company said in its preliminary report that the total sales result was driven by improving trends in the direct-to-consumer channel for all brands. Wholesale sales have taken longer to recover and continue to decline year-over-year.
EXEC: Tern Bicycles Creates European Distribution Company
This transition also marks the end of Tern’s long-standing distribution partnership with Hartje. Tern ZE will stock Tern’s complete product line and will partner with i:SY GmbH & Co. KG to manage sales for its Tern dealer network in Germany, Austria and Benelux.
EXEC: ISPO Group Shuffles Show Leadership After Tobias Gröber Sets Departure
The ISPO Group expects limited disruption as Exhibition Director Lena Haushofer and her team assume Gröber’s responsibilities, with Christoph Rapp, head of Sales and Marketing, and Saskia Rettenbacher, head of Event Management.
EXEC: REI Names Mary Beth Laughton as Next CEO as Eric Artz Plans Exit
Laughton, a former REI Board Director and seasoned retail leader, will join REI as president on February 3, 2025, before assuming full CEO responsibilities on March 31.
EXEC: VF Corp. Confirms New Global Cuts; Analysts React to ICR Presentation
The parent company of The North Face, Vans, Timberland, Jansport and Dickies, among other outdoor and street lifestyle brands, continues to take action against the goals set out in its Reinvent turnaround plan.
EXEC: KT Tape Acquired by Consumer Healthcare Investment Platform
Founded in 2008, KT Tape has manufactured drug-free solutions to prevent and relieve pain and promote recovery. Palladin Consumer Retail Partners, previously known as Palladin Capital Group, acquired KT in 2014.
EXEC: Perfect Moment Names Two Additional European Sales Agencies
New Look Fashion Deal will manage Perfect Moment’s wholesale distribution in Belgium, the Netherlands and Luxembourg (Benelux) and Bernd Schürmann will focus on Germany, Austria and Switzerland (DACH region).
EXEC: Giant Group Ends 2024 on Another Down Note as Q4 Sales Fall 8.6 Percent
The Taiwan-based bike manufacturer saw its 2024 full-year shipment volume fall 7.4 percent for the 12-month period to NT$71.3 billion, compared to NT$76.9 billion 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.
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.
