SGB Executive Outdoor
EXEC: Daiwa Parent Posts Solid Fiscal Q1 Growth but Lowers H1 Profit Forecast
Globeride, Inc. reported that, in light of recent performance trends, a decision was recently made by the company’s Board of Directors to revise the financial results forecasts for the six months ending September 30.
EXEC: Havaianas Parent Sees Q2 Sales Expand Climb 11 Percent
Brazil-based Alpargatas reported that sales in the second quarter totaled Brazil Real $1.2 billion, representing an increase of 11.3 percent year over year (y/y). Volumes reached 53.3 million pairs, up 9.0 percent y/y. The company’s flagship Havaianas was boosted by 17 percent growth in Brazil and 22 percent in Europe. Sales fell sharply in the U.S. due to the shift from a direct to a distributor model, but U.S. volume was up 40 percent in the half.
EXEC: New Johnson Outdoors CFO Talks Q3 Profit, Tariff Rebate, Operational Efficiencies
“The tariff refund of approximately $15 million contributed to this improvement,” shared new company CFO Asad Rahman. “Excluding this benefit, gross margin would have been modestly lower than the prior year due to higher raw materials costs.
EXEC: Black Diamond’s Neil Fiske Sees Full-Price Focus Paying Dividends
On Clarus Corp.’s analyst call, Neil Fiske, president, Black Diamond Equipment, said Black Diamond’s sales grew 9.1 percent in the second quarter, reflecting robust growth across major categories and double-digit gains in Europe that offset more modest growth in North America. Black Diamond’s earnings also improved sharply due to tariff refunds and higher full-price selling. […]
EXEC: Giant Group Sees Q2 Return to Revenue Growth Track as Profits Surge
Sales growth in the European and U.S. markets was driven by the launch of new model-year bikes, while the China market returned to a growth trajectory in Q2, with the cumulative rate of decline continuing to narrow.
EXEC: The North Face Shortfall Cuts into Fiscal Q1 Results at Japan Brand Owner
The Tokyo, Japan-based company, which first began importing The North Face into Japan in 1978 and acquired its Japanese and South Korean trademark rights in 1995, said net sales declined due to sluggish with in-store sell-through of summer merchandise at wholesale retail outlets.
EXEC: Cycling Giant Accell Group Files for Insolvency
The owner of bike brands including Haibike, Winora, Ghost, Batavus, Koga, Lapierre, Raleigh, Sparta, Babboe, and Carqon said it was no longer able to meet its obligations and its Dutch entities had been granted suspension of payments.
EXEC: Smith Optics Drives Solid Bike Business Momentum for Parent Safilo in NorAm Market in Q2
Immediately following the end of the first half, the company, on July 1 ,closed on its acquisition of the Spy+ and Serengeti brands from Bollé Brands and also acquired the 5 percent equity in Blenders that it did not already own.
EXEC: Canada Goose Divests Baffin Boot Business to Canadian Manufacturer
Canada Goose Holdings, Inc. entered into an agreement to sell Baffin, Ltd., the Canadian footwear brand, to L.P. Royer, Inc., a Canadian manufacturer of work and military footwear. Canada Goose acquired Baffin in 2018 as its first step into the footwear category.
EXEC: John Lewis Launches New Sports And Wellness In-Store Shops
The British department store chain has launched a new sports and wellness in-store concept, aiming to “become the first UK retailer to combine sportswear, footwear, wearable technology, recovery, AI-powered fitness, and expert services in one location.”
EXEC: Bogs Returns to Wholesale Growth in Q2, Seen Benefiting from Seamless Construction
Weyco Group, Inc. reported its Bogs outdoor boot brand saw its first sales gain in a quarter since the fourth quarter of 2021. Thomas Florsheim, Weyco’s chairman and CEO, expects Bogs sales to continue to expand in the second half due to healthy demand for its seamless-constructed rubber boots.
EXEC: Madshus Acquired by ConsilTech and Former Rottefella CEO
Elevate Outdoor Collective has agreed to sell Madshus, the 120- year-old Norwegian ski brand, to ConsilTech, the Czech industrial company that owns the ski brand Kästle. Torstein Myklebostad, who formerly led the ski binding manufacturer Rottefella for the past ten years, becomes the new CEO and co-owner of Madshus.
EXEC: Hiplok Names Bicycle Distributor for Austria and Germany
The appointment marks the company’s second new distributor in the EU added since May after the company named TCK Sports Group as its bicycle distributor for the Benelux (Belgium-Netherlands-Luxembourg) region.
EXEC: Sebago, Sundek and Woolrich Europe Owner Maintains DD Growth Trends
Milan, Italy-based BasicNet S.p.A., the parent of Briko, K-Way, Kappa, Robe di Kappa, Sebago, Sundek, Superga, Woolrich Europe, saw increases moderate in the second quarter as first half sales fell short of the great start to the year.
EXEC: Rebel Sport NZ Segment Q2 Boosted by Sports Events
The New Zealand-based parent of Rebel Sports and Briscoe Hardware Stores posted flattish sales growth in the second quarter. Sporting goods segment sales grew 4.8 percent, driven by sporting events, including the FIFA World Cup and Auckland FC’s first A-League Men championship title, offsetting a decline in hardware store sales.
