SGB Executive Outdoor
EXEC: Hoka Drives Deckers Brands’ Fiscal Q2 Growth; Prompts Guidance Bump
DECK now expects Hoka to increase approximately 24 percent year over year, reflecting the continued strength of global demand. Ugg is still expected to grow mid-single digits, and diluted earnings per share expectations range from $5.15 to $5.25 for the year.
EXEC: Vista Outdoor Schedules Another Special Meeting to Vote on CSG Deal
The company will hold the special meeting of stockholders to vote and approve the merger with the Czechoslovak Group a.s. (CSG) at 9 a.m. (CT) on November 25, 2024.
EXEC: Perfect Moment Opens First U.S. Warehouse and Distribution Center
The announcement follows SGB Media’s first report that the company signed a new partnership with Quiet Platforms, a subsidiary of America Eagle, in July.
EXEC: Mips Posts 69 Percent Organic Growth in Q3 as Helmet Category Recovers
Consolidated net sales increased 61 percent to SEK 123 million in the third quarter, compared to SEK 77 million in the prior-year third quarter, with organic growth amounting to 69 percent during the quarter.
EXEC: Birkenstock Takes Over Direct Distribution in South Korea
The company will capitalize on the South Korean consumer’s buying potential selling DTC through its online shop. In spring 2025, it will open its own stores and expand with selected department stores.
EXEC: Hoka & Ugg Parent Gets October Surprise Downgrade; Others Say Not So Fast
BTIG Analyst Janine Stichter and her team cited concerns over slowing growth trends in the company’s Hoka and Ugg businesses. Williams Trading Analyst Sam Poser started his recent Deckers Brands note with, “Buy DECK.”
EXEC: Thule Group Posts DD Profit Growth on Weaker Sales Growth
Sales in the third quarter increased 4 percent in constant-currency terms in the third quarter compared to the Q3 period last year, reflecting a small 1.4 percent year-over-year increase in reported terms.
EXEC: VF Corp Placed on Negative Catalyst Watch Due to TNF, Vans Pressures
JP Morgan trimmed its earnings estimates for VF Corp and placed the stock on “Negative Catalyst Watch” on concerns over ongoing wholesale pressures facing The North Face, Vans and TNF both fighting softer DTC traffic, and elevated inventory levels impact on margins.
EXEC: UK’s Shoe Zone Plc Saw FY Profits Impacted by Weather and Shipping Costs
The UK-based discount footwear retailer said it expects earnings before taxes to decline 40.7 percent in its fiscal year ended September 28 as revenues declined slightly and container prices increased.
Report: M&A Activity in Active Lifestyle Sector Seeing Strong Recovery
Houlihan Lokey’s “Active Lifestyle Market Update” for the second quarter shows M&A activity in the active lifestyle space has rebounded strongly from a “muted” 2023, “supported by increasing confidence, renewed financing market activity, and a return of mega deals.”
EXEC: SoCal’s Mt. Waterman Ski Area Sold to Investor Group
Angeles Mountain Partners, LLC (AMP) has acquired Mt. Waterman Ski Lifts, LLC, assuming management and operations. The company described it as “Southern California’s closest and most iconic mountain resort,” located an hour from downtown Los Angeles.
EXEC: Adidas AG Appoints Mathieu Sidokpohou Head of Global Sales as Hoeld Departs
Sidokpohou joined the company in 2020 as GM of Adidas France. In July 2021, he became GM of the Cluster South Europe before taking over the responsibility as Managing Director for Europe in 2023. He succeeds Arthur Hoeld, who will step down at the end of October.
EXEC: Mountain Trade Network Acquires London Snow Show Brand
Mountain Trade Network, owners of the Listex, Listex Luxury and Sastex B2B trade shows, has acquired the London Snow Show brand from Raccoon Media Group, marking a milestone in the future of the UK snow sports industry.
Report: September Retail Sales Top Expectations, Led by Clothing and Footwear
U.S. retail sales increased a seasonally-adjusted 0.4 percent month-over-month in September, up from the unrevised 0.1 percent gain in August, according to the U.S. Department of Commerce. The performance was slightly ahead of the 0.3 percent the Dow Jones forecasted.
EXEC: Nike Eyes Stronger Return to Outdoor Business with Renewed ACG Focus
Nike has tasked Angela Dong, Nike’s top executive in Greater China, with overseeing its outdoor sub-brand, All Conditions Gear (ACG), as Nike revisits its opportunity in the outdoor space to revive growth.
