EXEC: Amer Sports Expects 2023 Full-Year Revenues North of $4.35 Billion
Revenue reportedly increased across all operating segments, geographic regions and channels, according to the company’s recently amended F-1 filing statement. The company sees its annual net loss contracting but EBITDA expanding for the year.
EXEC: January Consumer Confidence Index Highest Since July 2021
The University of Michigan’s preliminary results reported on the overall index of consumer sentiment came in at 78.8 for January, the highest reading since July 2021, compared to 69.7 in December and 64.9 in January 2023.
Amer Sports Looks to Raise Over $1.6 Billion in IPO
Amer Sports, Inc., the parent of the Arc’teryx, Armada, Atomic, DeMarini, EvoShield, Louisville Slugger, Salomon, Wilson, and other sports and outdoor brands, launched an initial public offering of 100,000,000 ordinary shares.
Tiger Woods and TaylorMade May be Ramping Up for Sunday Red Debut
Tiger Woods may soon be ready to launch an apparel line and more with equipment partner TaylorMade if recent moves by the company at the U.S. Patent and Trademark Office are any indication.
Macy’s Rejects $5.8 Billion Buyout Offer, Citing Financing Concerns
The retailer’s Board of Directors determined that the unsolicited and non-binding proposal from Arkhouse Management Co. LP and Brigade Capital Management, LP does not constitute a basis to enter into a non-disclosure agreement.
EXEC: The Athlete’s Foot Parent to Acquire Lloyd’s Shoes
Arklyz AG and Lloyd Shoes owner AG Ara have signed definitive agreements for Arklyz to acquire the German footwear powerhouse with all its operating subsidiaries.
EXEC: Gildan Activewear Board Releases Info to Justify CEO’s Ouster
With new CEO Vince Tyra now in his seat early in defiance of a large group of investors and shareholders, Gildan Activewear, Inc. has turned to a strategy to justify the move by its Board of Directors to oust former CEO Glenn Chamandy.
Report: Over 17 Percent of Global Holiday Online Sales Influenced by AI in 2023
Salesforce data indicates that online holiday sales reportedly increased 3 percent for the two-month holiday selling period in 2023 after posting flat results in the 2022 period.
EXEC: Super Retail Group Ekes Out 1 Percent Comp Growth In Fiscal H1
The Australia-based parent of the Rebel Sports, BCF outdoor, and Macpac outdoor retail chains reported that sales for the first half of fiscal 2024 increased 3 percent and are expected to reach A$2.02 billion for the period ended December 30.
EXEC: Anta Sports Sees Fila Q4 Retail Trend Accelerating from Q3 Trend
The company, which runs retail stores in China for the Anta brand, Fila, Descente, Kolon Sport, and Amer Sports, reported retail sales, in terms of retail value, for the Fila brand increased 25 percent to 30 percent year-over-year in the fourth quarter.
Fashion Energy Report Uses Sustainability, Transparency and CO2 to Rate Brands
The Fashion Energy Report determined Puma was the most sustainable fashion brand, followed by The North Face and Tommy Hilfiger. Other brands in the active lifestyle rating in the Top 10 include Patagonia, Converse and Timberland.
Gildan Activewear Board Makes Extraordinary Next Move in Investor Fight
Gildan Activewear’s Board of Directors turned its ongoing tit-for-tat fight with investors over the ouster of former CEO Glenn Chamandy into a game of chess, taking the extraordinary move to bring its chosen CEO, Vince Tyra, in early.
EXEC: Giant Group Sees Another Steep Decline in December Revenues
While reporting sales down 25.8 percent for the month, the Taiwan-based bike manufacturing group saw a slight improvement versus Q4 and second-half 2023 trends in posting its second month in a row of moderating declines.
Footwear Shipments Turnaround Trend Continues: Yue Yuen Report
The manufacturer of footwear for major outdoor and athletic brands reported its footwear manufacturing segment revenue declined 2.4 percent in December, the best performance since November 2022.
EXEC: Adidas Appoints New President for North America
John Miller, most recently SVP of the wholesale business at Puma North America, is returning to the brand where he worked in the early- to mid-2000’s, as president of North America, effective immediately.
