EXEC: Amer Sports IPO Comes Up Short; Some Cite China Concerns
Arc’teryx generated 43 percent of its overall revenues in Greater China in the nine-month YTD period in 2023, while the region only generated 5 percent of sales for Salomon and Wilson. Thirty-six Arc’teryx stores in China accounted for 16.7 percent of global brand revenues for the 2023 YTD period.
Nemo + Out&Back Outdoor Partner on Trade-In Program
“Nemo designs durable, top-quality gear, making them the perfect partner to help scale and democratize circular solutions to the outdoor industry.” —Barruch Ben-Zekry, Founder and CEO, Out&Back.
Boot Barn Holdings Sees Comps Down and Profits Up in Fiscal Q3 Period
The 9.7 percent decrease in consolidated same-store sales is said to be comprised of a decrease in retail store same-store sales of 9.4 percent and a decrease in e-commerce same-store sales of 11.5 percent.
Safilo Group Posts Best Quarter of 2023 in Q4; Smith Optics Up on DTC Growth
The parent of Smith and the eyewear licensee for Carrera, Havaianas, Under Armour, and Fossil, reported preliminary unaudited net sales were €238.7 million in the 2023 fourth quarter, marking the best performance of the year.
EXEC: Adidas Tops Latest 2023 Guidance; Will Not Write-Off Most Yeezy Inventory
Adidas is reporting that 2023 currency-neutral revenues were flat versus the prior-year in reported euro terms, and sales were said to be down 5 percent to €21.43 billion in 2023, compared to €22.51 billion in 2022 in reported euro terms.
Walmart U.S. Now Sees 150 New Stores Over Next Five Years
The retailer is also finalizing construction plans on 12 new projects it intends to start this year, along with converting one of its smaller locations to a Walmart Supercenter.
Yeti Holdings to Acquire Mystery Ranch
Mystery Ranch and its employees will continue to operate out of Bozeman, MT and work with Yeti over the next several months to integrate the teams and functions.
McKinsey and WFSGI See Upbeat Execs in Sporting Goods 2024 Report
After a mixed 2023, sporting goods companies continue to face macroeconomic headwinds, winner-takes-all competition, and rising levels of physical inactivity around the world. Still, many executives say they are more optimistic than at any time over the past few years.
Tom Brady’s TB12 Nutrition Brand to Merge with Nobull
Nobull was purchased in 2023 by beverage veteran Mike Repole. The deal includes footwear, apparel and nutrition products previously housed under the TB12 and Brady brands. Brady becomes the second largest shareholder.
Gordon Brothers Will Sell Zulily Inventory & Fulfillment Center Assets
The company has been engaged to sell by private treaty over $85 million of inventory and the assets of two 775,000-square-foot fulfillment centers on behalf of Zulily ABC LLC.
Dometic Group Revenues Slide Mid-Teens in Q4; Igloo Hurt by Retailer De-Stocking
The Swedish parent of the Igloo and Frontrunner brands, among others, reported that fourth quarter 2023 net sales declined 13 percent on an organic basis to SEK 5.33 billion.
BaseMap Completes Acquisition of HuntScore
The strategic, complementary acquisition accelerates industry-specific strategy to transform hunt planning, mapping and research via mobile devices.
Walmart Will Conduct 3:1 Stock Split
Shares to be issued in the stock split will be payable after market close on February 23, for shareholders of record at the close of business on February 22. Shareholders will receive a distribution of two additional shares of common stock for each share held.
Nordstrom Plans Two New Rack Locations in North Carolina
The new stores will be located in Raleigh and Matthews. The 32,000-square-foot Raleigh store will be located in Triangle Town Place open in fall 2024, while the 25,000-square-foot Matthews store outside Charlotte is expected to open in spring 2025.
EY Survey: CEOs are Displaying Newfound Resilience and Confidence
Global CEOs are optimistic about their ability to drive revenue growth and profitability in 2024 despite global economic headwinds, according to the latest EY CEO Outlook Pulse survey.
