Allbirds Sees Q2 Sales Drop 27 Percent
Allbirds, Inc. reported a net loss in the second quarter ended June 30 as sales shrunk 26.8 percent. The eco-friendly footwear brand said it is prioritizing three main focus areas designed to return to top line growth in 2025,
Ortholite to Sponsor Oregon Track Club for 2024
While OrthoLite’s largest market is performance running, athletic and technical outdoor footwear, the brand “continues to grow brand partners in the fashion, luxury, workwear, safety, and casual lifestyle footwear categories.”
OR and Surf Expo Parent Narrows Q2 Loss on Flattish Revenue Decline
The Emerald Holding revenue decrease was attributed to prior-year discontinued event revenue of $3.7 million and scheduling adjustments of $1.1 million, partially offset by organic growth of $2.6 million as well as $1.7 million in revenue from acquisitions.
Wolverine Worldwide Raises FY Outlook on Early Payback from Turnaround Efforts
Wolverine Worldwide reported earnings fell 21 percent in the second quarter as sales on an ongoing basis sunk 18 percent due to steep declines at Merrell and Saucony, but the company still raised its sales and earnings guidance for the year as its turnaround program is driving better-than-expected results.
EXEC: VF CEO Not Ready to Predict When Growth Returns
With July 17 marking his one-year anniversary, Bracken Darrell, VF Corp’s president and CEO, cited a number of accomplishments under his tenure, including significantly reducing debt, inventories and costs on the company’s first-quarter analyst call. The sales decline in the latest quarter also moderated versus the prior quarter, but Darrell declined to predict when growth would turn positive.
EXEC: Puma Shares Down DD in Midday Trading as Q2 EBIT and Outlook Disappoint
Company CEO Arne Freundt said Puma “fully delivered” its outlook for the quarter and is on track to deliver on its outlook for the full year, but European analysts disagreed, sending shares lower on the DAX exchange.
Bogs Drags Down Parent’s Q2 as Outdoor Retailers Exhibit Caution
Bogs posted a 33 percent decline in wholesale sales in the second quarter tumbled, but the parent Weyco Group is forecasting sales for the outdoor footwear brand would stabilize in coming quarters.
The Running Event Leaving Austin in 2025 but Stays Close to Longtime Home
The Running Event (TRE) is moving to San Antonio, TX, for TRE 2025 in November 2025, and the change looks to be permanent.
Under Armour’s Chief Consumer Officer to Exit
According to an SEC filing on Tuesday, August 6, Under Armour’s Chief Consumer Officer, Jim Dausch, will leave the company at the end of August “to pursue other opportunities.”
EXEC: Descente Ltd Gets China and South Korea Lift on Yen Depreciation
Fiscal Q1 net sales increased by 1.2 percent year-over-year (YoY) to ¥27,482 million, due to the positive effect of the yen’s depreciation, strong sales of the Descente brand, and Umbro growth in South Korea.
Latest StockX Report Sees Asics Take the Top Spot in YoY Growth
Asics led as the No. 1 fastest-growing sneaker brand on StockX this year, according to its latest report. The continued success of the Gel-1130 and Gel-Kayano 14 reportedly played a big role in Asics taking the top spot
Under Armour Acquires Unless; Taps Eric Liedtke as Brand Strategy Chief
The appointment of Adidas brand veteran Eric Liedtke as EVP of brand strategy follows the completion of UA’s acquisition of Unless Collective, Inc, a zero-plastic regenerative fashion brand. The transaction is expected to be completed later this week.
EXEC: Titleist Sees Solid Q2 Golf Balls Gain but Clubs and Gear Drag on Results
Higher net sales in the U.S. were largely driven by an 8.5 percent increase in Titleist golf balls and 4.8 percent growth in FootJoy golf wear, partially offset by a 9.0 percent decrease in Titleist golf clubs sales.
Survey Report: BTS Footwear Shoppers Seeking Value More Than Just Discounts
Though 75 percent of surveyed respondents plan to spend more on fall BTS footwear this year than they did in 2023, they expect their dollars will not go as far, which could translate to unit volume being flat or decreasing over 2023. Quality, comfort, fit, and design are more important than price.
Puma Drops New Colorways of Iconic Suede XL
A remix of the iconic Puma Suede XL from 1986 will drop in two new colorways on August 16. The shoe is part of Puma’s Rewrite the Classics collection.
