SGB Executive Outdoor
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.
EXEC: Yeti’s Shares Thumped by Concerns Over Drinkware, U.S. Growth
The company was the latest active lifestyle brand to feel the sting of Wall Street analysts’ concerns as shares fell about 11 percent Thursday, August 13, after the company reported second-quarter results that raised investor concerns over the brand’s sluggish growth in the Drinkware category and slower growth in the U.S. in the second half.
EXEC: Gregory, High Sierra Parent Samsonite Plans BÉIS Acquisition
Samsonite Group S.A., the parent of Gregory, High Sierra and several luggage brands, reported sales on a constant currency basis declined 1.7 percent in the second quarter and 0.7 percent in the half, dragged down by declines in North America, the Middle East and India. The Hong Kong-based company also announced it had agreed to acquire BÉIS, the travel brand based in El Segundo, CA.
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: 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: Yue Yuen’s Profits Slump in First Half
Yue Yuen Industrial, Ltd. reported profits fell 57.9 percent in the six months ended June 30 to $72.0 million, with declines within its manufacturing segment offsetting gains in its Pou Sheng retail business. Sales slipped 2.2 percent. On July 25, Yue Yuen had warned that profits would fall due to reduced orders from a pullback in consumer demand, as well as from cost pressures and manufacturing inefficiencies.
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: Accell Group Declared Bankrupt
Dutch bicycle manufacturer Accell Group was declared bankrupt by an Amsterdam court, according to the bankruptcy trustees. The new court order revokes the previous ‘suspension of payments’ that was granted to the Dutch parts of Accell’s business on August 5.
EXEC: Giant Group Posts Third Straight Month of Shipment Growth in July 2026
The Taiwan-based bike manufacturer saw shipments jump in the low teens in the most recent reported month, the third consecutive month of positive growth.
EXEC: Canada Goose Appoints Massimo Piombini to Board
Canada Goose Holdings Inc. appointed Massimo Piombini to its Board of Directors. Piombini’s rolse have included chief executive officer of Diesel and Balmain, chief strategic officer of Technogym, and chief commercial officer of Valentino and Bally. His more than 35 years of experience also includes leadership roles at Boucheron, Gucci and Bulgari. Piombini currently serves […]
EXEC: Daiwa Parent Posts Solid Fiscal Q1 Growth but Lowers H1 Profit Forecast
Globeride, Inc. reported that, in light of recent performance trends, a decision was recently made by the company’s Board of Directors to revise the financial results forecasts for the six months ending September 30.
EXEC: Havaianas Parent Sees Q2 Sales Expand Climb 11 Percent
Brazil-based Alpargatas reported that sales in the second quarter totaled Brazil Real $1.2 billion, representing an increase of 11.3 percent year over year (y/y). Volumes reached 53.3 million pairs, up 9.0 percent y/y. The company’s flagship Havaianas was boosted by 17 percent growth in Brazil and 22 percent in Europe. Sales fell sharply in the U.S. due to the shift from a direct to a distributor model, but U.S. volume was up 40 percent in the half.
EXEC: New Johnson Outdoors CFO Talks Q3 Profit, Tariff Rebate, Operational Efficiencies
“The tariff refund of approximately $15 million contributed to this improvement,” shared new company CFO Asad Rahman. “Excluding this benefit, gross margin would have been modestly lower than the prior year due to higher raw materials costs.
