Heather O'Brian
ArticleDeckers grows 9% in Q2 as Hoka outperforms Ugg
Deckers Q2 revenue up 9 percent to $1.43 billion, driven by Hoka growth and global expansion.
ArticleEU and Indonesia sign free-trade deal
The agreement is welcomed by European sporting goods and footwear industry associations
ArticleGiorgio Armani leaves instructions for the sale of his group
The Italian fashion house Giorgio Armani SpA should sell a 15 percent stake to the French luxury goods group LVMH, the Franco-Italian eyewear group EssilorLuxottica, the French beauty and cosmetics group L’Oréal, or another luxury group in the next 12 to 18 months, the designer Giorgio Armani has stipulated in ...
ArticleStanbee lowers costs, weight in athletic shoes with nitrogen-infused parts
US supplier Stanbee utilizes a patented gas foaming process to produce lighter, more affordable shoe parts for brands such as Nike and New Balance.
ArticleAdidas confirms guidance as Q2 sales fall short, tariff costs set to grow
Adidas highlights “elevated uncertainty” due to two different effects.
ArticleZumiez starts Q2 slowly as international business lags
Comparable sales for North America increased by 5.1 percent in the period while comparable international sales slumped by 14.8 percent.
ArticleDeckers’ Q1 sales rising less than expected as tariffs start to bite
Sales in the first quarter will rise to $890-$910 million from the $825 million reported the year before.
ArticleCrocs withdraws guidance on macroeconomic uncertainty after better-than-expected Q1
On a constant currency basis, sales increased by 1.4 percent.
News briefsRevolutionRace reports 12% Q2 growth, Alpine collection sales surge
The Swedish DTC brand sees early 2025 sales growth despite market challenges.
ArticleNew Wave expects ‘a few more challenging quarters’ as sports & leisure Q3 sales flatline
Sweden-based New Wave, which counts Craft, Cutter & Buck and Ahead among the brands in the sports & leisure segment, saw promotional sales in the segment rise by 7 percent.
News briefsRVRC sees strong sales growth in September
The DTC outdoor company reports solid September growth and prepares for new product launches in a seasonally strong quarter.
ArticleCrocs cautious on FY sales outlook as Heydude recovery drags on, China growth slows
Crocs reports strong third-quarter results. Heydude is lagging behind, while international sales are fueling growth for the Crocs brand. The outlook for the Chinese market is more cautious in light of shifting demand.
ArticleXXL Q2 sales disappoint, but signs of improvement in Sweden, Norway
XXL ASA reported what it described as a “disappointing” sales performance in the second quarter of 2024. Its top line fell by 8.7 percent to 1,776 million Norwegian kroner (€151.7m), led by a decline in purchases of higher-priced capital-intensive goods, particularly bicycles. Sales were also negatively affected by limited product ...
ArticleAs wholesale recovers, Skechers raises 2024 sales and profit forecast
Skechers expects its sales to rise to between $8,725 million and $8,875 million in its 2024 financial year, up by 9 to 11 percent compared to the previous year, after wholesale sales posted a recovery in the first quarter and momentum continued in its DTC business. The guidance is up ...
ArticleCrocs brand kicks off 2024 with momentum, $5 billion sales target not until later
The Crocs brand has started 2024 “with momentum” after sales in 2023 jumped by 14 percent to $3.0 billion, but management now expects it will take a bit longer to reach a $5.0 billion 2026 sales target unveiled in 2021.
News briefsBasicNet's 2023 revenues rise to €398.6M despite brand revenue dip
BasicNet generated consolidated revenues of €398.6 million in 2023, up by 2.7 percent from the year earlier, as aggregate group brands revenues slipped by 10.4 percent to €1.14 billion, preliminary results show.
ArticleSkechers raises full-year earnings guidance as DTC continues to bolster Q3 sales gains
Skechers once again raised its earnings guidance for the full year after reporting better-than-expected results in the third quarter and despite continued uncertainty about the macroeconomic environment and consumer spending.
News briefsLe Coq Sportif sees sales momentum, earnings recovery in H2
Le Coq Sportif said it is seeing sales momentum and expects to see earnings recover in the second half of the year after its top line disappointed, and losses widened in the first half. The brand reported sales of €63.2 million in the first six months of 2023, down by ...
ArticleSkechers raises profit forecast as DTC and international shine in Q2
Skechers raised its guidance for earnings in the full year after its direct-to-consumer (DTC) and international operations performed strongly in the second quarter ended June 30. While its domestic wholesale business underperformed as expected, overall revenues rose by a reported 7.7 percent to $2,012.5 million and were 9.1 percent higher ...
ArticlePuma maintains full-year guidance despite challenging market as Q2 sales tick up 6%
Puma confirmed its guidance for the full year and hinted at a possible upgrade after sales in the second quarter rose by a reported 5.9 percent compared to the year earlier, or 11.1 percent in local currencies, to reach €2,121 million. It also indicated it would be able to adjust ...
