EXEC: September Footwear Factory Shipments Shine as Key Nike Factory Returns to Growth
Yue Yuen’s Manufacturing business boasted a 26.7 percent year-over-year increase in September, while Feng Tay reported Manufacturing revenues inched up 1.3 percent to NT$6.82 billion in September.
EXEC: Piper Sandler Survey Finds Adidas, Hoka, On, New Balance and Ugg Gaining Teen’s Attention
Piper Sandler’s 48th semi-annual Taking Stock With Teens Survey for Fall 2024 latest teen survey found Nike, Lululemon, Converse and Crocs highly popular but losing mindshare. Adidas, Hoka, On, New Balance and Ugg have gained in popularity.
Zion Outfitter Owner Charged with Tax Evasion
The owner of Zion Outfitter, a tour guide and rental shop near the entrance to Zion National Park, is accused of evading over $1.8 million in taxes. U.S. Attorney Trina A. Higgins for the District of Utah made the announcement.
Authentic Brands Group and Saks Launch New Luxury Platform
Through its focus on innovation and global expansion, ALG aims to generate growth opportunities and create value for its strategic licensing and distribution partners, each of which bring distinctive positioning, loyal followings and significant global potential.
Costco Comps Grow 8.9 Percent in September Ex-Fuel
Costco Wholesale Corporation reported net sales of $24.62 billion for the five weeks ended October 6, an increase of 9.0 percent from $22.59 billion last year.
Salt Life Expands into Home with Furniture and Accessories Collection
The coastal lifestyle brand under the Iconix umbrella will debut three furniture collections at the High Point Furniture Market from October 26-30.
Phaenom Footwear Launches Freeski Boot Collection
Four years in the making, Phaenom’s innovative ski boots are arriving in 200-plus retail doors, globally, across 125 key accounts
Peak Performance Opens First Store in London
Peak Performance opened a concept store on September 27 in London’s Covent Garden. The brand also opens its U.S. online store to consumers.
BRP Reports Departure of Board Director
Board member Estelle Métayer had tendered her resignation as a company director, effective October 9, 2024, citing personal reasons. She has served on the Board since 2014.
Rock/Creek Outfitters to Rebrand to Gearhead Outfitters
Chattanooga, TN-based Rock/Creek Outfitters announced it rebranded to Gearhead Outfitters, which it acquired in 2019.
Subtotal Distribution Appoints New Sales Managers for Thunderbolt Surfboards
Mike Milliken was appointed executive vice president and Matt Jones as director of sales. They will spearhead global sales initiatives for the company’s Thunderbolt Technologies Surfboard brands, Surf Crime Surfboards and Flying Diamonds of California Surfboard Fins.
Moose Knuckles Receives Minority Investment from Bosideng
Aligned with the investment, Ayal Twik and Noah Stern, who co-founded the Canadian outerwear brand in 2009, will exit as shareholders.
EXEC: Hydro Flask Grows as Osprey Shrinks in Fiscal Q2 Period
Hydro Flask successfully launched into Costco, a key retailer for an expanded target consumer. The brand also reportedly benefited from strong distribution internationally with sales up in all key markets. Hydro Flask reportedly successfully launched its photography accessories line.
EXEC: Amer Sports Shares Results of Golden Week in Greater China
The parent of Arx’teryx, Salomon and Wilson Sports said it continues to see an outsized growth opportunity in China, notably in the outdoor segment, which has been resilient despite the weak economy.
Nordstrom to Open Rack Store North of Dallas
The 26,000-square-foot store will be located at The Gates of Prosper, a shopping center that includes Target, Sephora, and HomeGoods, owned and operated by Blue Start Land.
