EXEC: Sportchek, Mark’s and Helly Hansen all Post Q1 Declines for Parent CTC
Helly Hansen sales, which covers the international wholesale and retail businesses that operate under the Helly Hansen and Musto names and trademarks, were down 7.8 percent year-over-year in Q1 to C$192.2 million.
EXEC: Puma CEO Sees U.S. Returning to Growth in Second Half
Puma’s sales in the Americas region returned to growth in the first quarter due to gains in Latin America and overall strength in performance and retro footwear styles. North America delivered sequential improvement and remains on track to resume growth in the second half, Puma officials said on a media call.
EXEC: Wolverine Worldwide CEO Outlines Transformation Progress To-Date
The company is beginning to see sequential improvement in its selling trends and that is said providing a level of confidence that the developed strategies and tactics are beginning to gain traction.
EXEC: Black Diamond Returns to U.S. Growth in Q1, Posting DD Gain as Inventory Clears
By fall of 2025, all of our apparel and packs will be PFAS free, but there will likely be some residual PFAS inventory to clear in the first half of next year. BDE also made to exit the ski bindings business in the first quarter.
EXEC: BOA Fuels CODI’s Q1 Branded Consumer Group; Primaloft Sees Order Growth
BOA grew revenues and adjusted EBITDA by 13 percent and 15 percent, respectively in the first quarter of 2024. Bookings outpaced revenue growth, which supports expectations of a strong 2024.
EXEC: JD Sports Fashion to See Company Board Shift at Annual Meeting
Mahbobeh Sabetnia, a non-executive director and member of the Remuneration Committee, has decided not to stand for re-election at the company’s Annual General Meeting on June 27.
EXEC: Fenix Outdoor Sees Q1 Sales Decline, but DTC Shines
Brands segments, which includes Fjällräven, Royal Robbins, Hanwag, and Fenix Outdoor, had sales of €45.2 million in the first quarter, falling 14.9 percent from €53.1 million in the prior-year first quarter.
EXEC: Big 5 CEO Details Q1 Challenges; Offers Tepid Outlook for Near Term
The retailer has continued to feel the effects from the ongoing macro headwinds that are impacting consumer discretionary spending in the second quarter-to-date as same-store sales are running down despite a benefit from an extra day due to the Easter shift.
EXEC: REI Co-Op Sales Ticked Lower in 2023; Loss Widens
REI reported that three factors largely drove the loss: its commitment to continue investing in hourly employee pay, its commitment to providing a member reward and a $169 million non-cash valuation allowance against its deferred tax assets.
EXEC: Adidas Swings to Q1 Profit as DTC Drives Top-Line Growth
Footwear revenues grew 13 percent in Q1, said to be driven by the strong brand momentum, particularly in the Originals and Football categories, and Apparel sales were up 2 percent in the period. Accessories grew 1 percent.
EXEC: Velo Shuttering Colorado Cyclist and Planet Cyclery, Running Liquidation Sales
B. Riley is facilitating the total liquidation of Planet Cyclery and Colorado Cyclist’s inventory, in connection with the executed General Assignment for the Benefit of Creditors (ABC) of Velo.
EXEC: Kappa Retail Stores in China See Comp Sales Decline in Fiscal Q4
Same-store sales recorded a high-single-digit decline on a year-over-year basis for Kappa-branded stores that have been in operation since the beginning of the prior-year fourth quarter.
EXEC: Thule Gets Shot in the Arm from Resurgent Bike Business in Q1
In the Americas, the recovery of the cycling market boosted bike-related products sales, but Packs, Bags & Luggage category sales declined due to “significantly lower” sales of legacy products that are phasing out gradually.
EXEC: Columbia Using Temp Stores to Offload Excess Goods as it Fights to Right-Size
While the company is focused on improving the Columbia, Sorel and Prana businesses through investments in innovation and marketing, the company only has to look as far as its Mountain Hardwear brand and new leadership and direction to see early results of similar efforts.
EXEC: Mips Continues to Turn the Business Around in Q1 After Tough 2023
For the consecutive second quarter, Mips delivered growth in the Bike sub-category and has seen inventory levels of helmets with consumers and retailers returning to healthier levels.
