The company’s SportStyle and Onitsuka Tiger categories each posted growth in excess of 50 percent year-over-year to nearly ¥100 billion each, while operating profits more than doubled for each category versus 2023. SportStyle sales grew 120 percent in the North America region.
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EXEC: Moncler S.p.A. Continues Double-Digit DTC Growth in 2024 as Wholesale Falls
Moncler S.p.A. (Group), the Italy-based parent of the Moncler and Stone Island brands, saw full-year 2024 consolidated revenues increase 7 percent in constant-currency terms (cFX), to €3,108.9 million.
EXEC: Authentic Inks Deal to License Spyder Brand for Snow Apparel & Accessories
Authentic Brands Group (Authentic) has granted Outdoor Collective the license for Spyder manufacturing in the ski and snow apparel categories, as well as accessories. The move comes on the heels of the bankruptcy of former partner and Spyder licensee Liberated Brands.
Hawke Optics Adds New Marketing Manager
Cameron Derr Derr comes to Hawke after five years as a content director with Exodus Outdoor Gear. His work with influencer marketing, podcasts and video production will reportedly be a major asset to Hawke Optics.
Crocs, Inc. Shares Jump on Strong DTC Gains and Growth Inversion at HeyDude
CROX shares were up more than 24 percent as Crocs Brand revenues increased 4.0 percent (+4.9 percent cc) to $762 million in the fourth quarter, and HeyDude Brand revenues were flat at $228 million, turning the corner from recent declines.
EXEC: Sebago, Superga, K-Way Parent BasicNet Posts Solid 2024 Gains
BasicNet S.p.A., the Turin, Italy-based parent of the Sebago, Superga, Briko, Kappa, K-Way, Jesus Jeans, and Sabelt brands, has reported that full-year consolidated revenues increased 3.1 percent year-over-year to €409.2 million in 2024.
Tom Brady Acquires 50 Percent Ownership Stake in CardVault
As part of the agreement, CardVault will now be called CardVault by Tom Brady and expand its retail footprint with a new flagship store opening this spring at American Dream, the large retail and entertainment complex in the Meadowlands Sports Complex. With Brady’s backing, CardVault plans to go global, with new stores opening worldwide.
Bluestar Alliance Acquires Palm Angels to Expand Streetwear Stable
The acquisition follows the company’s September 2024 acquisition of Off-White from LVMH, and is said to underscore the company’s continued expansion into the high-end streetwear and luxury fashion sectors.
EXEC: Yonex Gets Racquet Sports Lift from Summer Olympics
The Japan-based racquet sports and golf equipment manufacturer reported results for the nine-month year-to-date (YTD) period that ended December 31, 2024, suggesting that the sports market received a boost from the Summer Olympics in Paris and other international tournaments and athletes’ success at that event.
EXEC: Shimano Inc. Sees 2024 Sales Decline on Soft Bike and Fishing Demand
Uncertainty about the outlook increased due to rising tensions in Ukraine and the Middle East, a stagnant Chinese economy, and the changes in leadership in various countries. The observations came in the company’s year-end financial report for the fiscal year ended December 31, 2024.
EXEC: Fenix Outdoor Sees Credit Issues and Weather Impact Q4
The parent of Fjällräven, Royal Robbins, Hanwag, and Fenix Outdoor brands reported that the 2024 fourth quarter started promising, but a delay in winter weather meant it slowed down before improving again toward the latter part of the quarter.
Report: Import Cargo Trends Remain Fluid Due to Tariff Threats
A strong December brought 2024 to a total of 25.5 million TEU, or Twenty-Foot Equivalent Units, up 14.8 percent from 2023 and the highest level since 2021’s record of 25.8 million TEU during the pandemic.
Macy’s, Inc. Names Chief Stores Officer of Macy’s
Currently, Barbie Cameron is the senior vice president and regional director of stores for the East Region. Before that, she was the interim chief stores officer at Macy’s since August 2024.
EXEC: Liberated Brands Store Closings Commence in U.S. Markets
Gordon Brothers has begun closing sales at all 122 Volcom, Billabong, Quiksilver, Roxy, Honolua Surf, RVCA, Beachworks, Becker Surfboards, ZJ Boarding House, Spyder and Boardriders store locations under Liberated Brands’ retail fleet in the U.S.
Escalade, Inc. Appoints Armin Boehm as CEO and President
Boehm will succeed Walter P. Glazer, Jr., who, in August 2024, announced his plans to retire as CEO and president. The transition takes effect April 1, 2025.
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