EXEC: VF Corp. CEO Sees Recovery Gaining Traction at TNF and Vans Parent
On VF’s quarterly analyst call, Bracken Darrell, CEO and president, said the second quarter delivered “another quarter of really good progress,” marking the third straight quarter of sequential top-line improvement in the decline rate and witnessing moderating sales declines at its two most challenged areas: Vans and the Americas region.
Superstroke Names Par Golf as Distributor for Nordic Region
Vellinge, Sweden-based Par Golf is the sole distributor of SuperStoke’s product line in the Nordic region (Sweden, Denmark, Finland, Norway, and Iceland), effective January 1, 2025.
On, Patagonia, Puma, Salomon, and LVHM Unveil 100% Fiber-to-Fiber Recyled Tee
In July 2022, On, Patagonia, Puma, and Salomon announced that they had joined forces with French biochemical company Carbios to use its biorecycling technology for synthetic fiber recycling. Together they have produced the world’s first enzymatically recycled t-shirt made entirely from biorecycled fibres.
Wolverine Worldwide Appoints Susie Kuhn as Active Group President
Susie Kuhn will be responsible for leading successful brand strategies, executing consumer-focused go-to-market plans, and driving commercial performance for Wolverine Worldwide’s Active Group, which includes the Merrell, Saucony, and Chaco brands.
Crunch Fitness to Open Three New Gyms In Texas with Partner James Harden
Harman Fitness owns and operates Crunch locations nationwide.. Once the three new locations are open, the franchisee will operate seven Crunch gyms in Texas and over 40 nationwide.
Primark to Open Second Store in Queens, NY
The new 37,000-square-foot store at Queens Center in Elmhurst, NY will open on December 5. This is Primark’s second store in Queens, following its Jamaica Avenue location, and its tenth store in New York.
U.S. Golf Rounds Played Increase for Second Straight Month
Golf Datatech, a subsidiary of Circana, reported that golf rounds played in the U.S. increased 3.6 percent in September and are now ahead 1.7 percent in the first nine months of 2024.
X-Bionic Secures Investment from Olympic Skier Marco Odermatt
X-Bionic reported that Olympic gold medalist and three-time Alpine World Cup champion Marco Odermatt has become an investor in the Swiss apparel specialist. The amount of the investment was undisclosed.
Newton Golf Expects Robust Q3 Sales Growth
Newton Golf Company, formerly Sacks Parente, reported preliminary results for the third quarter ended September 30 showing sales expected in the range of $1.15 million to $1.25 million against $95,000 in the year-ago quarter. Sequentially, sales grew 48 percent at the midpoint of the range over $813,000 in the second quarter.
Adidas’ Debt Rating Outlook Upgraded as H1 Performance Exceeds Targets
S&P Global Ratings raised its debt ratings outlook on Adidas AG to stable from negative due to the company’s stronger-than-expected operating performance and its expectation that the brand’s growth momentum will continue.
EXEC: AlixPartners Survey is Latest to Find Nike Losing Mind Share in Sneakers
An accompanying survey conducted by the financial advisory and global consulting firm is the latest to indicate that the brand has lost market share to competitors, including Adidas, New Balance, Hoka, and On.
EXEC: Yue Yuen Forecasts Strong YTD Profit Growth as Footwear Market Normalizes
The Hong Kong-based firm said the gains were “mainly attributable to the solid increase in the gross profit margin of the group’s manufacturing business alongside a substantial rise in brand customers’ demand for its footwear products.
On Opens Flaghips in NYC and Chicago
Swiss-running brand On opened flagship stores in Chicago and New York City, bringing its store count in North America to eight. In 2020, the company opened its first global store in SoHo, a neighborhood in Lower Manhattan.
Crunch Franchisee to Open Fitness Facility in Omaha, NE
Crunch Maplewood will be Fitness Ventures’ 59th gym nationwide and the second location for the franchise in Nebraska. The company plans to open at least 10 more locations this year.
PickUp USA to Open First Basketball Gym in Des Moines
The new franchise location, owned by Kerby Louis, will open before the end of the year, in Urbanville, IA. The 3,000-square-foot space offers weight and cardio center and three full basketball courts.
