EXEC: Resale Momentum Builds as Consumers Seek Value
Several recent reports from Boston Consulting Group, ThredUp and The RealReal show that the shift toward resale is accelerating as consumers prioritize affordability.
EXEC: Goldwin’s Q2 Boosted by The North Face Recovery
Goldwin, which owns the rights to The North Face in Japan and Korea, reported strong improvements in operating earnings for the second quarter and six months, boosted by a pickup in sales from The North Face. The North Face’s apparel sales grew 2.9 percent while gear sales advanced 8.1 percent.
EXEC: Ames Watson’s Lawrence Berger Talks the Lids Turnaround
Lawrence Berger, co-founder of Ames Watson, explains how the private-equity firm has helped reinvent and revive the Lids fan chain with a focus on exclusivity, customization, and cultural relevance.
EXEC: Yonex Hikes Guidance On Q2 Momentum
Yonex, the Japanese racquet sports and golf company, raised its outlook for the year after reporting results for the second quarter ended September 30, which had exceeded plan, benefiting from a weakening yen.
EXEC: Analysts Becoming Slightly More Bullish on Topgolf’s Recovery
Shares of Topgolf Callaway Brands Corp. (jumped $1.33, or 14.3 percent, to $10.40 on November 7 after the company reported third-quarter results that topped guidance as Topgolf’s same-venue-sales turned positive for the first time in two years and the Golf Equipment segment also topped plan. Several analysts continue to be impressed by Topgolf’s recovery, but some are looking for additional signs of stabilization and the conclusion of a sale.
EXEC: Macron’s Revenues Advance 8 Percent in Nine Months
The Italian sportswear brand reported that sales rose 8 percent to €188 million ($217 mm) in the first nine months of 2025. Sales in the U.S. rose from €3.8 million in the first nine months of 2024 to €9.9 million in the same period of 2025.
EXEC: Giant Group’s Q3 Sales Slump 24 Percent
The Taiwanese-based parent of the Giant, Liv, Momentum, and CADEX bike brands reported sales in the third quarter were NT$15.36 billion ($500 mm), a 24.9 percent decline year-over-year.
EXEC: Gorewear to Close After 40 Years
WL Gore & Associates is reporting that it will shut down the German cycling and running apparel brand Gorewear in 2026 after 40 years. The Gore-Tex waterproof fabrics business is unaffected.
EXEC: Havaianas Parent Sees Q3 Profits Soar As Sales Expand 7.5 Percent
Brazil-based Alpargatas reported that sales grew 7.5 percent in the third quarter to Brazil Real $1.1 billion ($210 mm), with sales up 6.9 percent in Brazil, 8 percent in Europe and 12 percent in the U.S. Earnings grew significantly, benefiting from lower manufacturing costs and reduced expenses.
EXEC: Mizuno’s Fiscal Q2 Sales Climb 7 Percent, Americas Sees Slight Decline Despite Golf Momentum
Japan-based sporting goods company Mizuno Corp. reported sales advanced 7.1 percent in the fiscal second quarter ended September 30 as gains in Japan, Europe and Asia offset a slight decline in the Americas region. The Americas region continued to show an uptick in profitability in the quarter, with sales expanding to reach record levels in the half, as robust golf sales offset softness in running and baseball.
EXEC: Black Diamond’s President Talks NA Wholesale Momentum, Full-Price Focus, Q4 Caution
Black Diamond delivered “solid results” in the third quarter, marked by 16 percent growth in its North American wholesale business, led by apparel, and an uptick in margins. Company President Neil Fiske sees a “more cautious” outlook for the fourth quarter with promotions ticking up and conservative buying in the outdoor channel.
EXEC: Yeti’s Q3 Stymied by Weak U.S. Wholesale Sell-Ins Despite Robust Sell-Throughs
Yeti Holdings, Inc. reported that its earnings, on an adjusted basis, decreased 18 percent in the third quarter, as gross margins were impacted by higher tariff costs. Sales increased 2 percent, with growth restrained by inventory constraints tied to its efforts to move production outside of China and conservative wholesale orders.
EXEC: Peloton’s Fiscal Q1 Beats Plan, Bullish On New Equipment Launches, Retail Push
Peloton reported its second consecutive profitable quarter, topping analyst expectations, while releasing strong guidance for the holiday shopping season. Said Peloton CEO Peter Stern. “Our continued momentum on bottom line performance sets the stage for improvements on the top line as we progress through the fiscal year.”
EXEC: Callaway Raises Full Year Outlook as Topgolf Inflects to Growth
Topgolf Callaway Brands Corp hiked its guidance for the year after reporting third-quarter results that handily topped guidance. The performance benefited from Topgolf’s same venue sales inflecting to positive growth and the golf equipment segment expanding 4 percent.
EXEC: Under Armour Sees North American Wholesale Stabilizing in Fiscal 2027
During Under Armour’s second-quarter analyst call, Kevin Plank, chairman, president and CEO, stated the company’s North American business is finally showing signs of recovery with replenishment orders improving and the company now sees a path to bring U.S. wholesale back to growth, with stabilization arriving during fiscal 2027. The founder told analysts, ““I think probably the best way for me to qualify this is that we now have a stable order book.”
