EXEC: Adidas Embarks on Next Phase of Yeezy Releases
As previously announced, Adidas will release its remaining Yeezy inventory, featuring products from 2022 through the year, beginning with the 350 V2 in Steel Grey.
Sustainable Apparel Coalition Rebrands as Cascale
In 2009, Walmart and Patagonia founded the SAC to convene apparel industry stakeholders on a pre-competitive basis and develop a common approach to measuring sustainability.
Asics x C.P. Company Reinterprete Gel-Quantum 360 VIII
The Italian sportswear brand’s take on the Gel-Quantum 360 VIII offers a glimpse into the future.
EXEC: Merrell Expects DD Decline in 2024; Return to Growth in H2
Merrell declined 17.0 percent in Q4 to $161.8 million. For the full year, Merrell was down 11.3 percent in constant-currency to $675.8 million. Merrell is expected to decline in the low-double-digit range in 2024 with inflection to growth in the second half.
Adidas Originals By Edison Chen Drop Clot Superstar
Taking a fresh take on the classic Adidas Originals silhouette, the Clot Superstar “bridges Eastern and Western cultures.”
New Balance Hits $6.5 Billion in 2023; Nearly Doubles Sales Since 2020
The company delivered double-digit record growth in every global market in 2023, reaching $6.5 billion in annual sales, a 23 percent increase from 2022.
EXEC: S&P Issues Damning Report on the Health of TNF and Vans Parent
S&P Credit Rating analysts lowered their forecast for VF and now believe the company will have to sell “sizeable brands” to meaningfully reduce leverage in the near term.
Veldskoen Shoes Founders Re-Acquire Brand from Mark Cuban, Ashton Kutcher
Veldskoen Shoes opened a U.S. headquarters in Atlanta to expand the business stateside. The initiative comes after the founding families re-acquired the brand in late 2023.
Skechers Partners with Vexx on Limited-Edition Collection
Known to the world as Vexx, Vince Okerman’s “doodles” take their inspiration from various sources, including the legendary American artist Keith Haring.
EXEC: Saucony to See Big Decline in 2024 Before Recovery
The fourth quarter was tough for Saucony as sales fell 13.4 percent (-13.7 constant-currency) to $105.1 million, from $121.3 million in the prior-year corresponding quarter.
Idea Ranch Promotes Three Employees to Account Supervisors
Idea Ranch, the advertising, PR and consumer insights company serving the outdoor industry, promoted Kevin Waggoner, Dillon Jones and Katie Murphy to Account Supervisors.
EXEC: Globe Int’l Swings to H1 Profit on Margin Gains, Cost Cuts
The work put in at Globe over the last year looks like a microcosm of the work ahead for much larger active lifestyle entities like VF Corporation and Wolverine Worldwide. Globe is proving it works.
On Expanding Global Retail Presence; to Open Portland, OR Store
The Swiss performance sportswear brand, will open its newest U.S. store in Portland, OR, on February 24 in an area of town vibrant with shops and restaurants and one mile from its Americas HQ.
Play It Again Parent Sees Growth Moderate in 2023 Second Half
Parent company of the Play It Again Sports franchisor and other retail resale banners, reported revenues for the year ended December 30, 2023 were $83.2 million, up from $81.4 million in 2022.
EXEC: Inside the Wolverine Worldwide C-Suite – Assessing the Year Ahead
Fiscal 2024 revenue is expected in the range of $1.7 billion to $1.75 billion, roughly a 5.5 percent decline at the mid-point versus the 2023 revenues. Gross margins are expected to reach 45.5 percent of sales, a record high, and EPS is forecast to improve 5X at the mid-point.
