Moody’s Ratings upgraded Amer Sports, Inc.’s debt ratings due to the company’s improvement in leverage and free cash flow, supported by a “considerable debt repayment” in 2024 and strong consumer demand for the company’s brands, which is driving earnings growth.
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EXEC: Rapala Gets DD Lift from North America in H1; Asia and Europe Fall on Trade Uncertainty
The company reported sales in North America increased 12 percent compared to the 2024 H1 period. With comparable translation exchange rates sales were up by 14 percent. The Europe and Asia markets were said to be impacted by increased uncertainty and limited economic visibility.
Oboz and Rip Curl Parent KMD Hires Finance VP for North America
Heather Sweeny, a former Adidas executive, was appointed as VP of Finance across all KMD Brands in North America, including Oboz, Rip Curl and Kathmandu.
Survey: Americans Changing Purchasing Decisions on Potential Impact of Tariffs
Nearly eight in ten (77 percent) respondents believe tariffs will impact their household finances, with 41 percent noting it has already hurt their wallets, according to a survey of 1,000 U.S. adults by the market research firm Savanta.
Dr. Martens Seeing Positive Growth In Americas DTC Channel
Dr. Martens issued a trading update ahead of its annual meeting, indicating that sales are progressing as expected with positive growth in its direct-to-consumer business in the Americas region and strength in the APAC region helping offset some weakness in Europe.
TenCate Americas Hires VP of Manufacturing
The manufacturer and installer of synthetic turf for sports and outdoor living applications, based in Chattanooga, TN hired Colin Drafts as vice president of manufacturing.
FN America Names VP, Commercial Products
The manufacturer of firearms under the FN brand promoted Dan Hines to vice president of commercial products, effective June 2. He joined the company in 2023 as director of marketing.
American Outdoor Brands’ Q4 Sales Jump 34 Percent
Sales for the maker of outdoor accessories, including under the Bubba, Caldwell, Grilla, and Hooyman names, climbed 33.8 percent in the fourth quarter and 10.6 percent in the fiscal year ended April 30. The company’s sales got a boost from the success of new products, including the ClayCopter and the Bubba SFS Lite, as well as the transition of DTC brands Grilla and MEAT! into retail, double-digit international growth, and its strategic mix shift toward the Outdoor Lifestyle category.
Swany America Appoints Director of Marketing and Creative
Adam Weitzel brings nearly a decade of experience in the outdoor industry. He has held key in-house marketing positions at Smartwool and Exxel Outdoors while also creating content campaigns in the agency world
EXEC: Duer Partners on Europe Launch; Expands Retail Presence in North America
A strategic partnership with Hectic Europe is expected to facilitate the brand’s European launch while the company continues to expand its retail presence with new branded stores set to open in Victoria, British Columbia; Portland, Oregon; and San Francisco, California.
Amer Sports Appoints New Head of Greater China
Jeffery Ma joins the company from his role as CEO of Zhongqiao Sports, a sporting goods company in China. He has previously held executive positions at Topsports, the largest sporting goods retailer in China, and at Adidas.
EXEC: Havaianas Parent Inks North America Distribution Deal
The company stated that the Distribution Agreement does not foresee any initial cash outflow for either party and will have an initial length of four years commencing from the date of its execution. The agreement may be extended if certain previously agreed-upon metrics are met or by mutual agreement.
Yonex Appoints President Of North America Operations
LaNiece Douglas’ hire “will support Yonex’s stepped-up plans to expand in the U.S.” She was VP of and head of U.S. retail for Adidas since 2020.
The NBA Opens Lids Operated Store In Mall of America
In partnership with Lids and Fanatics, the store will offer an immersive experience for consumers to connect with the game while shopping a wide range of NBA and WNBA merchandise.
Culture Shift: Americans Are Ditching Fitness Influencers and Trusting Themselves
Rather than the ‘hustle culture’ fitness of the 2010s with its celebration of exhaustion, people are now prioritizing long-term health, injury prevention and mental well-being.
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