EXEC: Shimano Inc. Sees 2024 Sales Decline on Soft Bike and Fishing Demand
Uncertainty about the outlook increased due to rising tensions in Ukraine and the Middle East, a stagnant Chinese economy, and the changes in leadership in various countries. The observations came in the company’s year-end financial report for the fiscal year ended December 31, 2024.
EXEC: Fenix Outdoor Sees Credit Issues and Weather Impact Q4
The parent of Fjällräven, Royal Robbins, Hanwag, and Fenix Outdoor brands reported that the 2024 fourth quarter started promising, but a delay in winter weather meant it slowed down before improving again toward the latter part of the quarter.
EXEC: JD Sports Fashion Plc Shifts Leadership at JD Outdoor Segment
Dominic Jordan, the former CEO of Hobbycraft, assumes the top seat held by outgoing CEO Lee Bagnall for the past 12 years. Bagnall has agreed to stay on for a transition period.
EXEC: Titleist and Footjoy Parent Moving to S&P SmallCap 600 Index
Acushnet Holdings Corp. (NYSE: GOLF), parent of the Titleist and Footjoy golf brands, will replace Retail Opportunity Investments Corp. in the S&P SmallCap 600.
EXEC: Asian FW Factories See Weaker January Trends; Pou Sheng Retail Jumps
Feng Tay Enterprises, one of the longest-tenured manufacturers of Nike footwear, reported manufacturing revenues declined 6.2 percent in January and Yue Yuen’s factory business grew an anemic 1.1 percent increase in December.
EXEC: Citi Downgrades Nike Shares, Cuts Price Target After Hill Meeting
Nike management indicated that Air Jordan and Air Force One will “still be large franchises” even after inventories are managed lower, but Dunks will “not be a relevant part” of the mix over time.
EXEC: Liberated Brands Store Closings Commence in U.S. Markets
Gordon Brothers has begun closing sales at all 122 Volcom, Billabong, Quiksilver, Roxy, Honolua Surf, RVCA, Beachworks, Becker Surfboards, ZJ Boarding House, Spyder and Boardriders store locations under Liberated Brands’ retail fleet in the U.S.
EXEC: Nordic SG Retailer XXL Sees Q4 Sales Decline
Norway-based sporting goods retailer XXL ASA said it delivered total operating revenue of NOK 7.2 billion in 2024 in a Nordic sporting goods market that persisted to be challenging. Fourth quarter sales declined 1.8 percent year-over-year.
EXEC: Mizuno Corp. Sees Modest Q3 Revenue Growth In Americas Region
Mizuno Corp. reported sales in the Americas region rose 1.2 percent in the third quarter and gained 6.6 percent in the nine-month YTD period. Consolidated global sales in the third quarter grew 4.3 percent to ¥55.8 billion
EXEC: Ahead, Craft, Cutter & Buck Parent Sees Q4 Sales Expand 3 Percent
The Swedish-based owner of Ahead, Auclair, Craft, Cutter & Buck, and Tenson AB, reported that Q4 growth was led by gains in the Sports & Leisure segment and the promo sales channel, with 3 percent growth in the U.S. region.
EXEC: Thule Group Swings to Q4 Loss as Organic Sales Come in Flat
Consolidated sales in the fourth quarter, seasonally the smallest quarter of the year for Thule, increased 7.2 percent year-over-year to SEK 1,678 million. Thule reported that 6.8 percent of the percent increase came from acquisitions.
EXEC: Canada Goose Sees China Weakness Offset North America DTC Strength
Canada Goose reported solid gains in its DTC business in North America in its fiscal third quarter ended December 29, boosted by a 22 percent comparable-store hike in December due to the Snow Goose launch. However, planned wholesale declines and weakness in China led to an overall sales decline in the quarter.
EXEC: Under Armour Cautious on North America’s Return to Growth
Under Armour, Inc. reported third-quarter results that exceeded guidance for the third straight quarter with the help of some recovery in North America. However, Under Armour CEO Kevin Plank declined to forecast a return to growth in the region, with the current priority of driving full-price sales.
EXEC: Mips AB Posts Strong Q4 Results on Helmet Rebound; Long-Term Goals Revised
The Swedish helmet technology provider said it saw a strong end to 2024 with solid growth in all categories and all geographies. The company posted sales of SEK 144 million in the fourth quarter, a 58 percent increase from SEK 91 million in Q4 2023.
EXEC: Woolrich CEO Named President of Peak Performance
Stefano Saccone has been appointed president of Peak Performance and a member of the Amer Sports Global leadership team, effective April 1, 2025. He will succeed Sara Molnar, the current president. Saccone will be based in Stockholm, Sweden.
