SGB Executive Apparel
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: Sports Direct Parent Frasers Group Acquires Luxury Retailer Harvey Nichols
The acquisition includes Harvey Nichols’ portfolio of six stores including the newly refurbished Knightsbridge London flagship, Manchester, Birmingham, Bristol, Leeds, and Edinburgh, together with its online business, existing inventory and over 1,000 employees.
EXEC: Asics Corp. Hikes FY Outlook on Gangbuster First-Half Results
The company raised its outlook for the year after reporting net earnings rose 53.3 percent in the first six months on a 32.7 percent sales surge. On a currency-neutral basis, sales in the half grew 22.0 percent, fueled by gains of 29.7 percent in Europe, 19.6 percent in North America, and 17.6 percent in Greater China.
EXEC: Fila Brand Parent, Misto Holdings, Sees Q2 Driven by Partial Ownership of Titleist and Footjoy
Misto segment revenue, which includes the Fila brand, among others, declined 7.4 percent year-over-year, primarily reflecting the restructuring of the company’s U.S. operations. Excluding the U.S. business, revenue grew 4.0 percent year-over-year.
iFabric Corp.’s Q2 Sales Vault 65 Percent
Ontario’s iFabric Corp. reported sales surged 65 percent in the second quarter to Canadian $9.6 million (U.S. $6.9 mm), led by a 94 percent gain in its Intelligent Fabrics Division and a 28 percent increase in its Intimate Apparel Division.
EXEC: Salomon Opens Beijing Flagship
Salomon opened a three-story flagship store in Beijing. The 728-square-meter store at China World Mall is part of Salomon’s broader “core city, core location” retail strategy and incorporates elements of the brand’s “Blue Perspective” sustainability initiative.
EXEC: Sweden’s WeSports Group’s Q2 Sales Jump 55 Percent On Cycling and Running Strength
WS WeSports Group, the Sweden-based manufacturer of sports equipment and parent of a number of specialty retailers, reported sales in the second quarter catapulted 54.7 percent to SEK 1,177.6 million ($123 mm) from SEK 761.4 a year ago. Organic growth amounted to 21.6 percent. WeSport said in its quarterly report, “Growth was primarily driven by our […]
EXEC: SportChek’s Comps Surge 8 Percent on World Cup Demand
Canadian Tire Corporation, Ltd. reported comparable sales at its SportChek segment grew 8 percent in the second quarter ended June 30 and 12.4 percent on a two-year stack basis, with the gains credited to World Cup-related demand. Fanwear, team sports and athletic footwear drove the eighth consecutive quarter of growth at SportChek.
EXEC: Inside the Integration of Helly Hansen with Parent KTB’s CEO and New President
In North America, KTB is creating two GMs to drive increased focus for the two business units at Helly, suggesting that they will replicate this globally over time. “This is something the Helly Hansen team has discussed for years, and under Kontoor, we are making it happen,” commented Kontoor Brands Chairman and CEO Scott Baxter.
EXEC: Under Armour Downgraded by Barclays
Barclays lowered its stock rating on Under Armour to “Underweight” from “Equal Weight” due to the brand’s delayed recovery and heightened competition.
EXEC: RevolutionRace Sees Growth Slow In Fiscal Fourth Quarter
RVRC Holding AB, the parent of the Swedish outdoor brand RevolutionRace, reported slight gains in sales and profits in the fiscal fourth quarter ended June 30. Paul Fischbein, CEO, stated, “Market conditions were weak, particularly in Germany.” North America also saw declines.
EXEC: Nike Brand’s Brazilian Business Marks Q2 as Biggest Quarter in Company’s History
Fisia, the home of the Nike brand in Brazil, reportedly maintained its strong growth trajectory in Q2, posting 27.5 percent growth in net revenue to R$1.3 billion, the highest quarterly net revenue in its history.
