EXEC: Largest Asia FW Factory Warns on Q1 Profit Decline as Margins Shrink
The expected decrease in profit for the quarter was reported to be mainly attributable to the negative impact on gross margin due to “an increase in unit costs for footwear manufacturing, amid a volatile operating environment led by a complex and dynamic global economic landscape.”
EXEC: Saucony Brand Exceeds 40 Percent Q1 Retail Growth in China
MS (China) Sports Company Limited, a direct wholly-owned subsidiary of Xtep International Holdings Limited, operates under licensing and royalty agreements for the Merrell and Saucony brands and subsidiaries in China.
Recall: The North Face Women’s Shellista V Mid Waterproof Boots
The North Face has received 28 reports of the top hook catching on the lace of the other boot, including 15 reports of minor injuries in the United States.
EXEC: Chinese Factory Group Blames Lower Q1 Sales on Sport Footwear ASPs
The Group’s non-Sports manufacturing facilities continue to operate at close to full utilization. Stella said it will drive quality growth through the ramp-up of new production factories in Bangladesh and Indonesia.
Play it Again Sports Parent Gets Q1 Bottom-Line Bump from Settlement
The run-off of the franchisor’s leasing portfolio for the Plato’s Closet, Once Upon A Child, Play It Again Sports, Style Encore and Music Go Round retail brands that was first announced in May of 2021 is “substantially complete.”
OIA Reports Outdoor Retail Sales Trends Returned to Growth in 2024
Outdoor market retail sales totaled $28 billion in 2024, up 1 percent year-over-year. OIA noted that overall Apparel sales remained stagnant, Equipment sales declined slightly, and Accessories and Footwear saw positive growth in 2024.
Planet Fitness Franchisee Joins NewRoad Capital Partners
The new partner at the firm, Vincent Love, is based out of Denver, CO. He is a Planet Fitness franchisee, owning five gyms in Colorado and Wyoming.
Puma Mostro Returns in a Trio of New Colors
Romeo Beckham, the second son of former footballer David Beckham, pairs the shoe’s silhouette with casual looks in a recent ASOS campaign.
EXEC: Sports Direct Inks Retail Agreement to Expand in Australia and New Zealand
Accent Group plans to build a large Sports Direct business in Australia with an initial rollout of at least 50 Sports Direct stores plus online targeted over the first six years.
Under Armour Appoints Three New Members to Board of Directors
Effective April 15, Dawn N. Fitzpatrick, Eugene D. Smith, and Robert J. Sweeney joined the company’s Board of Directors, which also includes Douglas E. Coltharp, Jerri L. DeVard, Mohamed A. El-Erian, Carolyn N. Everson, David W. Gibbs, Karen W. Katz, Eric T. Olson, Kevin A. Plank, and Patrick W. Whitesell.
Under Armour Taps Cam Ward to Lead Strong NFL Draft Class for the Brand
Cam Ward, Luther Burden III, Nick Emmanwori, Matthew Golden, and Tyler Booker are the latest additions to the UA Football roster.
Adidas x Edison Chen Continue Collaboration with Clot Silk Gazelle and Apparel Capsule
Merging Eastern and Western influences, Chen uses lavish fabrics throughout while introducing bold color accents. The Clot Silk Gazelle Footwear collection will be available worldwide on April 19. The Clot Silk Gazelle Apparel collection by Edison Chen will be on the Confirmed app beginning April 14.
Former Reebok Exec John Frascotti Elected Executive Chair of Newman’s Own BOD
Frascotti led multiple high-growth business units at Reebok International, Ltd. including the company’s sports footwear and apparel division, acquisitions, global sports marketing, and licensing.
TSG Consumer Appoints Managing Director and Chief Legal Officer
TSG’s representative past and current partner companies in the active lifestyle market include Backcountry, Canyon Bicycles, Nuun, Planet Fitness, Revolve and CorePower Fitness.
Good Design: Jordan Brand Air Rev Fuels Innovation in Golf Footwear
The Jordan Brand Air Rev leverages Flight Lock technology to create a customizable containment system for golfers of all abilities. The shoe will launch on May 14. A new Jordan Brand Golf apparel line will launch this summer.
