SGB Executive Outdoor
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.
EXEC: VF Corp. Shares Continue Fall Amidst Q1 Earnings Miss, Analyst Price Target Cuts
The parent of the Altra, Jansport, The North Face, Smartwool, Timberland, and Vans brands, may have characterized its fiscal 2027 first quarter as a “solid start” to its fiscal year but it appears Wall Street had different ideas despite the company beating its top-line guidance for the period as VF came up short on the bottom line. Altra was the darling for the period, posting double-digit growth for the first quarter.
EXEC: Columbia Taps into International Energy and Tariff Rebates to Boost Q2 EPS
Columbia Sportswear’s Q2 sales topped expectations, supported by growth in international markets offsetting U.S. declines. However, management again delivered a cautious outlook going forward as the Middle East conflict has led to supply chain disruptions and is expected to pressure consumer spending in the second half of the year.
EXEC: Vans’ Post-Covid Rocky Road and VF’s CEO Look at What’s Ahead
VF Corp. President and CEO Bracken Darrell told analysts on a recent conference call that the Vans brand business was down 9 percent year-over-year for the fiscal first quarter ended June 27 and is expected to see a similar trend in the fiscal second quarter. But how did the brand get here? How can the brand avoid repeating history?
EXEC: Crocs’ Shares Fall on Weak Q3 Guidance, North America Growth Concerns
The company raised its guidance for sales and earnings for the year after reporting second-quarter results topped expectations with better-than-expected growth at the Crocs Brand and a smaller-than-expected decline at HeyDude.
EXEC: Canada Goose Looks to be Making Progress in Extending to Year-Round Brand
Canada Goose Holdings, Inc. reported a smaller loss in the fiscal first quarter ended June 30 with the help of margin improvement and a 9 percent sales gain on a currency-neutral basis. On an analyst call, Dani Reiss, chairman and CEO, noted that the period marked the strongest first-quarter adjusted EBIT margin since fiscal 2020.
EXEC: Mammut Group to be Acquired by Chinese Alternative Asset Manager
Jacobs Capital has signed an agreement to sell the Swiss premium outdoor brand to CPE, a Chinese alternative asset manager. The transaction reportedly follows a successful transformation of Mammut under Jacobs Capital’s ownership.
EXEC: Rocky Brands Accelerates to Double-Digit Growth, Xtratuf Shines
Rocky Brands, Inc’s Q2 sales climbed 12 percent, its first double-digit gain in a quarter since 2022. Solid double-digit growth was seen by Georgia Boot, Rocky and the Lehigh safety shoe business, but Jason Brooks, chairman, president and CEO, told analysts that XTRATUF remained the company’s “fastest-growing brand.” Shares of Rocky Brands climbed 15 percent on the performance and improved outlook.
EXEC: Oakley Parent Sees Q2 Growth Moderate from Q1 Trends
EssilorLuxottica, the French parent company of Sunglass Hut, Oakley, Supreme, and Ray-Ban, among other eyewear brands, grew revenue 9.7 percent year-over-year at constant currency rates, as the second quarter (+8.7 percent) moderated from the 10.8 percent Q1 growth in what the company said was “a more unsettled macro environment on a global scale.”
EXEC: Quebec Outdoor Retailer, La Cordée, Files For Creditor Protection
Quebec-based outdoor retailer La Cordée filed for creditor protection for the second time in six years. According to court documents, the five-store chain owes more than $17 million in liabilities.
EXEC: Shimano Sees Robust H1 Fishing Tackle Sales; Bike Business Remains Weak
The Japan-based maker of bike components and fishing tackle is reporting that the global economy generally maintained its solid footing during the first half but also said the economic outlook remained uncertain due to factors such as trends in the trade policies of various nations (i.e. U.S. tariffs) as well as rising geopolitical risks (e.g. Iran war).
EXEC: Coats Group Sees OrthoLite’s Sales Dip in First Half
Coats Group plc reported revenue at its Ortholite insole business declined in the first half ended June 30 on a pro-forma basis due to challenging year-ago comparisons and temporary capacity issues in Indonesia. OrthoLite is projected to return to growth in the second half.
EXEC: Frasers Acquires Scotland’s Greaves Sports
Frasers Group, the parent of Sports Direct, announced the acquisition of Greaves Sports, which operates a famed six-story flagship in Glasow, Scotland.
