EXEC: Asics Corp. Posts Strong 2023 Growth; Sees Slower Growth in 2024, a Decline in NA
North America region net sales increased 8.8 percent to ¥114.62 billion due to the strong sales of the Performance Running and Core Performance Sports categories. Segment income increased significantly to ¥1.44 billion. North America sales to decline 3 percent in 2024.
Shein to Expand U.S. Presence with Seattle-Area Office
The company anticipates hiring over 50 employees in logistics and distribution to work from the new space by the end of 2024.
Aetrex FW24 Line Builds off Ballet Shoe Momentum
“Customers love the glove-like fit of the upper and the cushioned feel underfoot of this shoe, so it was a natural next step to extend this construction into other wearable, on-trend styles.” —Amy Egelja, VP Footwear Design, Aetrex
EXEC: Under Armour CEO Sees Less Promotional, More Premium Online Presence
UA now expects revenue in North America to be down at a high-single-digit rate versus the previous expectation of a 5 to 7 percent decline, and turning to the International business that is now seen to be down at a high-single-digit rate versus the previous low-double-digit rate increase.
Alfa Romeo x Greats Drop Ltd-Edition Sneaker Ahead of the Big Game
Alfa Romeo teams up with luxury sneaker brand Greats, launching a limited-edition Alfa Romeo-branded sport sneaker ahead of the Super Bowl weekend in Las Vegas.
EXEC: Mizuno Corp. Raises FY Forecast Despite Lower Fiscal Q3 Growth
Sales grew 11.0 percent in the fiscal third quarter ended December 31, a deceleration from the 23.8 percent growth in the first half, but the solid start to the year and surging profitability is driving the outlook higher.
The Buckle Posts a 17 Percent Comp Store Sales Decline for January
Comparable store net sales for the 53-week period full-year period ended February 3, 2024, decreased 8.0 percent from comparable store net sales for the 53-week period ended February 4, 2023.
Tractor Supply Comps Down 4.2 Percent in Q4 as Net Income Declines
Fourth quarter net sales decreased 8.6 percent to $3.66 billion, compared to $4.01 billion in the fourth quarter of 2022. The company said the prior year’s fourth quarter included an extra sales week as part of the company’s 53-week calendar in 2022
FedEx delivers the Vince Lombardi Trophy to Las Vegas ahead of Super Bowl LVIII
Fans in the Las Vegas area can view the trophy up close at the Super Bowl Experience Presented by Toyota through February 10 at the Mandalay Bay Convention Center.
Under Armour North America Sales Fall 12 Percent in Fiscal Q3
Overall revenue was down 6 percent to $1.5 billion for the quarter as International revenues grew 7 percent. Revenue is expected to be down 3 percent to 4 percent for the fiscal year, tightening the previous expectation of a 2 to 4 percent decline.
Puma Appoints Julie Legrand to Lead Global Brand Strategy
Legrand brings 20 years of experience in marketing and brand management to the role. Most recently, she worked as H&M’s global brand director. She also held senior positions in marketing and brand at Procter & Gamble.
Lightspeed Announces Third Quarter 2024 Financial Results
Total revenue of $239.7 million grew 27 percent year-over-year and surpassed previously established outlook.
Costco Comps Grow 3.4 Percent in January ex-Fuel
Net sales were $22.08 billion for the retail month of January, the five weeks ended February 4, 2024, an increase of 4.5 percent from $21.13 billion in January last year.
Skechers Board of Directors Wins Case in Shareholder Derivative Suit
The Delaware Chancery Court Dismissed with prejudice the complaint against all named current and former Skechers Board of Directors named as defendants in the action.
EXEC: VF Sees The North Face Fiscal Q3 Results “Worse Than Expectations”
Global revenue for The North Face was down 10 percent (-11 percent CC) to $1.19 billion in the quarter. Excluding a wholesale shipment timing shift, The North Face’s revenue would have reportedly declined in the mid-single-digits. DTC was up in mid-single-digits for Q3.
