SGB Executive Outdoor
EXEC: Revo Launches New Australia-Based Joint Venture for APAC Region
This new entity will oversee all sales and customer care for the APAC region, with a focus on establishing Revo as a top choice for consumers in Australia and Southeast Asia.
EXEC: Smith Optics Returned to Growth in Q4, Boosted by DTC Business
Safilo Group S.p.A., the owner of Smith Optics and Blenders and licensee of the Under Armour, Fossil, Havaianas, Tommy Hilfiger, Levi’s, and Liz Claiborne brands for eyewear, saw preliminary sales for 2024 decline 2.3 percent to €993.2 million.
EXEC: Liberated Brands Files for Chapter 11 Bankruptcy Protection
Liberated Brands LLC, the former licensing arm for Authentic Brands Group’s collection of action sports lifestyle brands, has filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of Delaware.
EXEC: Descente, Ltd. De-Lists Common Shares from the Tokyo Stock Exchange
The company called an extraordinary shareholders’ meeting for December 25, 2024, and offered a proposal regarding a share consolidation that was approved as proposed by the company’s shareholders. As a result, the company’s shares were delisted.
EXEC: Boot Barn Raises Fiscal 2025 Guide After Strong Holiday Season
Consolidated same-store sales increased 8.6 percent, with retail store same-store sales increasing 8.2 percent and e-commerce same-store sales increasing 11.1 percent.
EXEC: Hoka Growth Trend Concerns Sends Deckers Brands Shares Down Double Digits
Net sales increased 17.1 percent to $1.83 billion compared to $1.56 billion in the prior-year Q3 period. On a constant-currency (cc) basis, net sales increased 16.6 percent. Analysts were expecting growth of 11.6 percent, a clear beat.
EXEC: VF Corp. CEO Hints at More Cuts Ahead While Improving Processes
Bracken Darrell said the company is already working on process and organizational changes that will contribute to unlocking another $500 million to $600 million in operating income expansion, with half of that coming from SG&A expenses alone.
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
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.
