EXEC: Adidas Gets Another Yeezy Lift in Q1; Increases 2024 Guidance
Adidas now expects full-year 2024 currency-neutral revenues to increase at a mid- to high-single-digit rate in 2024, up from its previous forecast for a mid-single-digit increase. The latest Yeezy drop added revenues of around €150 million and an operating profit of around €50 million in the first quarter.
Head/Tyrolia Hires Wintersports Marketing Coordinator
Natalie Dyksterhouse’s “deep connection to the sport enriches her approach to the role at Head.”
Terence Reilly Rejoining Crocs, Inc. as New President of HeyDude Brand
Terence Reilly will join the Crocs, Inc. executive leadership team on April 29, reportinh to company CEO Andrew Rees. Reilly succeeds Rick Blackshaw who is leaving the company effective immediately.
BRC: UK Retail Sales See Good Recovery in March, Outpacing U.S. Trends
The British Retail Consortium said UK total March retail sales increased 3.5 percent year-over-year in March, cycling growth of 5.1 percent in March 2023. This was said to exceed the 3-month average growth of 2.1 percent and the 12-month average growth of 2.9 percent.
NRF Appears to Promote Two Monthly Sales Trend Reports with Differing Data
March’s core retail sales as defined by the NRF, based on the census data but excluding auto dealers, gas stations, and restaurants, were up 1.1 percent seasonally adjusted from February and up 3.2 percent unadjusted year-over-year.
Big Green Egg Elevates Backyard Experience with Limited Edition Chiminea
In celebration of its 50th Anniversary, Big Green Egg announced the limited release of the Chiminea, with premium ceramics and design and enhanced warmth with Lava Rocks.
The Resurgence of Wholesale, Harnessing New Strategies for 2024, Part 1
This is Part 1 of 3 in a series of sponsored post from ENDVR.
Nike E-Com Executive to Lead Sephora’s China Operations
Ding Xia is responsible for turning around Sephora’s ailing business in Mainland China.
Selle Royal Group and H2 Moving to In-House Territory Managers in U.S. Market
In the U.S., H2 has positioned company territory managers across the country who will serve as sales and marketing representatives to their program dealers. The company will continue using outside sales reps in Canada.
Havaianas Parent Appoints Former Nike Exec as President Europe
Harm van de Camp will head up the European operations based in Madrid. He has over 18 years of experience in the footwear and fashion industry, having worked for Nike, leading the EMEA region across wholesale and DTC sales.
CNBC/NRF: March Retail Sales Grew 2.7 Percent
Total retail sales, excluding automobiles and gasoline, were up 0.36 percent seasonally-adjusted month-over-month and up 2.7 percent unadjusted year-over-year in March, according to the Retail Monitor.
Salomon’s President & CEO Departs
Franco Fogliato, president and CEO of Salomon, is leaving the company for personal reasons. James Zheng, CEO, Amer Sports, will reportedly lead Salomon and the Outdoor Performance division on an interim basis.
Safilo Group and Marc Jacobs Renew Global Eyewear Licensing Agreement
Safilo announced the early renewal of its multi-year global licensing agreement for Marc Jacobs branded eyewear until December 2031.
EXEC: Lululemon, Patagonia and Vuori Top Best Brands for Resale Report
Active lifestyle brands dominated the leader board in the latest annual resale report from ThredUp and doubled representation in the report’s Top 20 for Best Brands for Resale.
Trango Signs Five-Year Safety Gear Provider Partnership with IFSC
The range of products Trango supplies will extend to all the safety gear needed to run a lead competition, including belay devices, harnesses and ropes.
