EXEC: Adidas Preliminary 2024 Report Reveals Double-Digit Growth to €23.7B
In euro terms, the company’s revenues grew 24 percent to €5.97 billion in the fourth quarter, or 19 percent in currency-neutral terms versus Q4 2023. Excluding Yeezy for both years, currency-neutral revenues increased 13 percent.
EXEC: Authentic Taps Sports Casuals as Reebok Golf Apparel Partner
With SCI as Reebok’s apparel partner, the brand now has a head-to-toe softgoods offering, with Reebok Design Group, the brand’s global hub for design, development and innovation, handling the creation and distribution of golf footwear.
EXEC: Kizik Expands Distribution into South Korea, France, Iberia, and Gulf States
The company said the expansion follows Kizik’s success in the U.S. and builds on its recent international growth, “positioning the brand for further milestones in 2025 and beyond.”
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: New Balance Rides Consumer Energy and Retailer Support to Reach $7.8B in 2024
Company CEO Joe Preston, speaking at the NRF Big Show, said sales at the 118-year-old company are poised to grow another 20 percent in 2025 after increasing 20 percent to $7.8 billion in 2024.
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: 361 Degrees Owned-Retail Growth Accelerates in Q4 as E-Commerce Jumps
361 Degrees International, Ltd. reported brick-and-mortar retail sales of 361º core-branded product increased ~ 10 percent year-over-year for the fourth quarter of 2024. E-commerce product recorded sales growth of ~ 30 percent to 35 percent.
EXEC: JD Sports Fashion Reports 3.4 Percent Organic Sales Growth for Holiday
On a year-to-date (YTD) basis through January 4, comp sales revenue was flat, and the company said it expects full-year comp sales revenue to be at a similar level as the YTD trend.
EXEC: Reebok’s U.S. Operations Sold to Galaxy Universal
Galaxy Universal specializes in the athletic, health and outdoor categories, among others, and owns the And1, Gaiam and Tony Hawk brands, and licenses the Justice and London Fog brands.
Famous Footwear Parent Cuts Sales and EPS Guide for Second Time in Two Months
Consolidated net sales are forecasted to be down 3.0 percent to 3.5 percent for fiscal 2024, compared to a December forecast for net sales to be down in a range of 2.5 percent to 3.0 percent and versus initial guidance of down in low-single-digits percent.
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: Key Nike Factory Swings Back to Shipment Declines in December
Feng Tay Enterprises manufacturing revenues rose 2.0 percent for full-year 2024, while peers Stella International declined 3.5 percent for the month and Yue Yuen manufacturing posted an 11.1 percent increase for the 2024 full-year period.
EXEC: Stella Intl Sees 2024 Footwear Shipment Volume Jump 8.2 Percent; ASPs Decline
Average selling prices (ASPs) were $27.90 per pair in Q4, compared to $28.80 in the prior-year Q4 period. Full-year ASPs were down 4.4 percent to $28.40 per pair, compared to $29.7 per pair 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.
EXEC: Anta Reports Fila Retail Sales in China Swings to Growth Mode in Q4
Retail sales for the Fila brand in China reportedly increased in mid-single digits for the 2024 full-year period, while Anta brand sales improved in the high-singles year-over-year and All Other Brands, including Descente and Kolon Sport, saw fourth-quarter retail sales increase in the 40 percent to 45 percent range.
