EXEC: Saucony Raises Outlook After Solid Q2 with Wholesale Growth Led by Int’l, Continued U.S. Gains
EXEC: Asics Corp. Hikes FY Outlook on Gangbuster First-Half Results
EXEC: Fila Brand Parent, Misto Holdings, Sees Q2 Driven by Partial Ownership of Titleist and Footjoy
EXEC: Yeti’s Shares Thumped by Concerns Over Drinkware, U.S. Growth
EXEC: Gregory, High Sierra Parent Samsonite Plans BÉIS Acquisition
SGB Update
FDRA Sees Tariffs Taking an Even Bigger Bite Out of Family Back-to-School Budgets
FDRA quoted data from the recent FDRA-AlixPartners Back-to-School Consumer and Executive Footwear Survey, which notes half of consumers expect footwear prices to rise over the next six months, while one-third are planning to purchase fewer pair of. shoes than last year.
Outdoor Research Moving Seattle Headquarters, Flagship Store
Outdoor Research is moving its headquarters to a smaller, collaborative space in West Seattle while also relocating its flagship to a more central location in the city center.
Xero Shoes Adds Two Footwear Veterans to Leadership Team
The brand named Kaitlyn Gering as director of Global Merchandise Planning and Maggie Doran as U.S. national sales manager as the company “continues to build global momentum across direct-to-consumer, wholesale and distributors.”
Covation Appoints Henning Schroeder Senior Director E-Mobility
The parent company of Huffy and Batch Bicycles, today announced that industry veteran Henning Schroeder has been appointed senior director of Product, E-Mobility.
Lululemon’s Chief AI and Technology Officer Departs
Lululemon Athletica, Inc. reported in a regulatory filing on Thursday, August 13, that Ranju Das has “ceased to serve” as the company’s chief AI and technology officer.
SGB Executive
EXEC: Sweaty Betty Continues International Wholesale Growth as U.S. Reset Continues
The brand reportedly delivered another quarter of growth in UK direct-to-consumer (DTC) and International Wholesale, reflecting encouraging consumer response to a broader product assortment.
EXEC: Saucony Raises Outlook After Solid Q2 with Wholesale Growth Led by Int’l, Continued U.S. Gains
Even with the strong performance of the Saucony team over the last handful of years, the brand team still views Saucony as a small challenger brand in a very attractive category. In Q2, the brand dropped collaborations with Estudio Niksen, Greyson, two with Engineered Garments, and Minted New York. Earlier this month the brand plans to drop a highly anticipated collaboration with Westside Gunn.
EXEC: Asics North America Sees Double-Digit Growth Across All Regions in Q2
Asics North America (ANA) reported that it delivered double-digit revenue growth in the second quarter across its three regions, with gains of 19.4 percent in the U.S., 25.8 percent in Canada, and 30.4 percent in Mexico. The gains were driven by the wholesale channel across regions, with wholesale sales up 36.6 percent in the U.S. region.
EXEC: Japan’s Xebio Holdings Sees 6 Percent Growth in Fiscal Q1
The largest sporting goods and athletic apparel retailer in Japan reported sales in the fiscal first quarter ended June 30 rose 6.1 percent to ¥68,242 million ($428 mm).
EXEC: Leatt Corp. Sees Q2 Earnings Dip on Supply Chain Constraints
The South African-based maker of protective gear for MOTO, MTB, and a wide range of extreme and high-velocity sports reported that profits in the second quarter declined 20.2 percent in the second as it faced some temporary supply chain delays in the period that caused sales to increase only 1 percent. In the half, earnings improved 19 percent on 14 percent revenue growth.
