On Holding Posts Another Strong Quarter in Q1, Led by Expanding DTC Sales
On’s total net sales reached CHF 508.2 million, an increase of 20.9 percent year-over-year and a 29.2 percent increase on a constant-currency basis. The results were led by strong demand and momentum in On’s direct-to-consumer channel.
GU to Open First Overseas Flagship Store in New York in Fall 2024
GU (pronounced as the letters “G” and “U”) was founded in 2006 as a sister brand of Uniqlo and operates approximately 470 stores in Asia, mainly in Japan; this is the first official opening of a store outside of Asia.
United States Golf Association Officially Opens Golf House Pinehurst
The seven-acre campus is adjacent to the Pinehurst Resort & Country Club’s main clubhouse. It includes the USGA’s equipment-testing and research facility, the USGA Experience, an outdoor educational landscape feature, the recently relocated World Golf Hall of Fame, and administrative offices.
Nike Basketball Adds A’ja Wilson to Signature Athlete Roster
Wilson, the WNBA pro player for the Las Vegas Aces, has worked with Nike for over a year to create a signature collection, including a shoe.
MyFitnessPal Appoints New Chief Product Officer
The company said Tim Holley most recently served as VP of product for Etsy and also led product management and product design at SoulCycle.
Crunch Franchise Opens Crunch Edmond in Oklahoma
The new gym in Edmond, OK, is operated by The Undefeated Tribe, reported to be one of the fastest-growing franchises within the Crunch Fitness system, with locations open in Texas and Oklahoma and ten more in development this year.
EXEC: Leatt Posts Another DD Decline in Q1 as Body Armor and Helmets Sales Falter
Sales to the company’s global distributors decreased by 31 percent as distributors continue to manage industry-wide stocking dynamics, while consumer direct sales increased by 15 percent and dealer direct sales increased by 9 percent in Q1.
EXEC: Key Footwear Factory Report Sees Flat Q1 and Unsettled Market for 2024
The Group believes the global footwear industry will remain unsettled in the near term amidst the uncertain macroeconomic environment driven by persistent inflation, high interest rates, regional conflicts, and its impact on shipping lanes.
EXEC: Asics Corp Boasts Record Profit Margins in Q1 as All Regions Post Growth
Reported net sales growth of 21.9 percent, or 14.3 percent in constant-currency (CC) terms, to ¥174.1 billion in the quarter, led by double-digit CC sales growth in Japan, South & Southeast Asia, Greater China and the North America.
Ecco Golf Offers ‘New Flavour of Golf’ Collection
The golf shoe manufacturer released a special-edition capsule collection “celebrating different, and sometimes unexpected, flavors of golf.”
Xponential Fitness Appoints Interim CEO
Board of Directors removes Anthony Geisler as CEO, discloses Investigation by The U.S. Attorney’s Office for the Central District of California, reaffirms guidance.
Rally House Opens 19th Store in Michigan
The new store, the first in the state’s southwest region, is located at Mall Drive and S. Westnedge Avenue in Portage.
Big Peach Running Co. Celebrates 20th Anniversary
The business started with one running store. Today it has ten located throughout the Metro Atlanta area, one store in Melbourne, FL, that opened earlier this year, and a mobile shop, Big Peach On Wheels.
EXEC: Xtep Intl Divests K-Swiss Brand to Focus on Merrell and Saucony in China
The move is designed to carve out the consistently underperforming segment from Xtep’s portfolio, allowing the company to concentrate its resources on developing its highly profitable brands – core Xtep brand, Saucony, and Merrell.
EXEC: Vista Outdoor Sees Another Tough Year Ahead
Vista Outdoor, Inc.’s fourth-quarter results met expectations with sales at its Kinetic Group ammunition segment reaching the lower end of guidance while the Revelyst outdoor segment grew organically for the first time in nine quarters. However, conservative guidance was provided for the new fiscal year as market conditions in both the hunt and outdoor channel remain challenging.
