|
Daily News Feed 11/03/2025 Helly Hansen Turns a Profit for Kontoor Brands in Q3
In its first full quarter under the jeanswear company’s ownership, Helly Hansen revenues increased 11% to $185,930,000 in Q3, generating a segment operating profit of $8,009,000 and net income of $0.03 per share ($1.7 mm). Adidas Confirms €500 Million Bond Placement
The Big a said that it successfully placed a €500 million bond that matures in Nov. 2030 and has a coupon of 2.750%. REI’s Opt Outside is 10 Years Old
The outdoor co-op will close its 195 retail stores along with offices, call centers, and distribution centers on Black Friday, paying its 14,000 employees to spend time outside with family and friends. Etcetera: Puma, Kappa, Cotopaxi, New Era, Volcom
10/31/2025 Brooks Sees Double-Digit Q3 Growth in All Regions
The Berkshire Hathaway-owned running company said revenues were up 17% in Q3, including double-digit growth in every region and channel, marking Brooks’ ninth consecutive quarter of year-over-year growth. Vulcabras Gains Powered by Sneaker Strength
Net income jumped 218% to BRL 547,172,000 ($104.0 mm) over BRL 172,172,000 for the third quarter on a 22% increase in sales to BRL 955,676,000 ($181.6 mm) from BRL 784,589,000, as the bottom line got a lift from BRL 354.8 million in deferred income tax and social contribution.
Newell’s Outdoor and Recreation segment sales were flat in the third quarter at $183 million, and the operating loss narrowed to just $8 million from a loss of $23 million last year. Fenix Outdoor Boosted by Strong Preorders and Devold
Revenue from the Swiss outdoor company’s branded segment’s external sales, which includes Fjällräven, Tierra, Royal Robbins and others, grew 65% to €78.1 million ($90.8 mm) in the third quarter from €47.4 million. MAP Active Profit Slips on Strong Sales
Net income attributable to shareholders at the Indonesian retailer ticked down 3% to IDR 499,603 million ($30.5 mm) in the third quarter from IDR 514,713 million last year, despite revenue improving 14% to IDR 5,150,650 million ($314.8 mm), up from IDR 4,532,879 million. Next Level Apparel Taps Nike Vet for CEO
Next Level Apparel elevated its COO, Brett Bjorkman, as its new chief executive officer, succeeding the retiring founder and former CEO, Joe Simsoly. CPSC Recalls: Paddles, Bike Lights
Werner Paddles is recalling about 725 Stealth and Covert kayak paddles because they can break during use, and will provide consumers with a full refund. Etcetera: Authentic Brands Group, POC, New Balance, Allbirds
10/30/2025 Puma Plans Broad Cuts in New CEO’s Turnaround Plan
The Big Cat’s new chief, Arthur Hoeld, was frank about the depth and breadth of problems facing the brand, warning that a multi-faceted restructuring was needed to clean up distribution, right-size operations, and above all restore brand momentum. Crocs Guides for Q4 Declines at Core Brand and Heydude
Net income dropped 27% to $145,816,000 from $199,801,000 on a 6% revenue decline to $996,301,000 from $1,062,200,000 for the third quarter, as companywide direct-to-consumer growth of 2% was offset by a 15% drop in wholesale. Columbia Sees Early Deliveries Boost Wholesale
A big impairment charge sent profits falling 42% in the third quarter to $52,005,000 from $90,157,000 as revenues inched up 1% (flat constant currency) to $943,425,000 from $931,768,000 in COLM’s seasonally largest quarter. Boehm Departs Escalade after Just Seven Months
Former Gibson exec Armin Boehm took over as ESCA chief in April, succeeding the retiring Walt Glazer, but has now abruptly resigned, with the company’s VP of development and IR, Patrick Griffin, becoming interim CEO. Kontoor Brands Appoints Global Head of Helly Hansen
The Wrangler and Lee parent elevated Børre Hegbom to senior vice president and global head of Helly Hansen, overseeing both its Sport and Workwear categories.
U.K.-based Coats closed its acquisition of OrthoLite for an initial enterprise value of $770 million, plus a potential $10 million earn-out, as it aims to create a super-tier 2 supplier of footwear components. China Fentanyl Tariffs Halved in Trump-Xi Talks
While the average tariffs on Chinese imports to the U.S. remain at a lofty 47%, a compromise reached at President Trump’s summit in South Korea with the PRC’s Xi resulted in a 10 p.p. reduction of the incremental tariffs intended to punish China for the fentanyl trade. Cadre Holdings Buys Tactical Equipment Brand
Cadre inked an agreement to acquire TYR Tactical for $175 million, including $150 million in cash and $25 million in stock, adding the tactical brand to its portfolio, which also counts safety brand Safariland.
The former Delta Apparel subsidiary, which was acquired out of bankruptcy for $38.7 million by Iconix and Hilco Consumer-Retail Group last year, is accelerating transformation plans, with growth across retail, e-commerce, and new product categories. Etcetera: Stio, Fabletics, True Spec Golf, Fanatics, Dick’s
|
