EXEC: 5.11 Tactical Posts Flat Sales in 2024 on Weak DTC Business; Takes PFAs Write-Down
Parent company CODI took a write-down of inventory of approximately $12 million at 5.11 related to PFAs regulations. CODI said the 5.11 sales decrease was driven by a $10.4 million decrease in direct-to-consumer sales due to less promotional sales and lower off-price selling, as well as a $0.5 million decrease in domestic wholesale sales due to inventory availability.
EXEC: Fox CEO Talks Marucci’s MLB Ramp Up and an Uneven Return of Bike Sales
As Marucci enters its first year as MLB’s official bat partner, the company has expanded its bat manufacturing capacity as well as designed new products to drive incremental sales and reinforce the company’smarket-leading position in the MLB with Marucci and Victus.
EXEC: Titleist Parent Easily Beats Q4 EPS Estimates as Sales Fall Short
Net loss attributable to Acushnet Holdings Corp. for the quarter was reported at $1.1 million, compared to $26.8 million for the same period in 2023.
EXEC: Target Inks Champion Distribution Deal with Authentic
Target called the program an “extensive line” featuring more than 500 pieces. It includes “stylish” apparel, accessories and slides as well as sporting goods, accessories and bags for adults and kids.
EXEC: Puma, Brooks Settle Lawsuit Over Running Shoe Patents, Trademark Infringement
Brooks Sports has agreed to settle litigation over claims that the company’s running shoes violated Puma’s patent and trademark rights.
EXEC: Big 5 CEO Looks for End of Weak Winter in Hopes of Spring Baseball Rebirth
The West Coast and Mountain state retailer continues to focus on managing the expenses within its control, considering the ongoing economic challenges, while it waits for the annual floor shift to spring sports and a hopeful lift from youth baseball season.
EXEC: Wilson Sports Returns to Growth in 2024 on Very Strong Q4 Sales
The 22 percent jump in revenue came as the business continued to build on a sequential improvement throughout 2024 after posting a 14 percent decline in the first quarter, a 1 percent gain in the second quarter and 11 percent increase in the third quarter.
EXEC: Salomon Sneaker Sales Exceed $1B in 2024; Winter Sports Equipment Falters
Salomon footwear and apparel now represent approximately two-thirds of the Outdoor Performance segment that also includes the Salomon, Atomic and Armada snow sports equipment brands, up significantly from the 54 percent share in 2022.
EXEC: Arc’teryx Brand Surpasses $2 Billion Mark in 2024 as Sales Grow 36 Percent
Amer Sports CEO James Zheng told analysts and investors on the company’s Q4 conference call that strong growth at Arc’teryx came across all regions, channels, and categories — especially in footwear and women’s, which grew faster than the brand overall.
EXEC: Amer Sports Posts Strong DD Q4 Growth Across Big Three Brands
The company saw continued strong results in Greater China and Asia Pacific, accelerating growth in North America and EMEA. The Technical Apparel segment, including Arc’teryx and Peak Performance brands, led growth with a 34 percent year-over-year increase.
EXEC: REI Co-op Raises $230 Million Through Sale-Leaseback Deals for Four DCs
The chain specialty outdoor retailer has entered into a long-term sale-leaseback agreement with Madison Capital, a New York-based real estate investment firm, for its four Class A distribution center properties.
EXEC: Stanley Container Maker PMI Sued Over Brand Name
Stanley Black & Decker is claiming confusion between its Stanley brand name and the Stanley drinkware brand produced by Pacific Market International, LLC, and is taking PMI to Court “to protect its Stanley tools brand.”
EXEC: Sports Direct Parent Frasers Abandons Nordic SG Retailer XXL Takeover Effort
Frasers cited the condition requiring acceptance of the Intended Offer by a sufficient number of shareholders to ensure that it would hold more than 50 percent of XXL shares and votes on a fully diluted and converted basis would not be satisfied.
EXEC: Sturm, Ruger Gets Q4 Lift from New Products as NICS Checks Weaken
New products represented $159.3 million, or 32 percent of firearms sales in 2024, an increase from $119.0 million, or 23 percent, in 2023. The launch of the RXM pistol collab with Magpul reportedly had a significant impact in December.
EXEC: Garmin Ltd. Shares Jump on Strong Q4 and Full-Year Report
The company posted double-digit growth in three of its five segments in Q4, with the Fitness segment showing 31 percent growth, the Auto OEM segment with 30 percent growth and the Outdoor segment with 29 percent growth year-over-year.
