Thomas Ryan

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Articles

SGB 2024 Year in Review: Executive Shuffle-Part Two

Dec 27, 2024 | sgbonline.com | Thomas Ryan

Rawlings, Brooks, Deckers Brands, Riddell, and SFIA were among the companies and associations in the active, athletic space that smoothly completed CEO transitions in 2024; however, the turnover for others was abrupt, headlined by two new leaders returning to Nike and at Under Armour. Indeed, exes returning was a C-level theme in 2024. At Under Armour, Kevin Plank, who founded the brand in 1996 and stepped down as CEO in 2019, returned as head of the company in March to recharge top-line growth.
SGB 2023 Year In Review: Active Lifestyle M&A Activity Remains Quiet -Part I

Dec 23, 2024 | sgbonline.com | Thomas Ryan

While the active lifestyle industry again saw a number of smaller to medium-size acquisitions during 2024, major deals for the second year in a row were few and far between due to a combination of higher interest rates, an uncertain economy, and fewer consolidators. In many cases, companies that had been consolidators in the past became major sellers rather than buyers due to internal challenges.
EXEC: Asics Hikes FY Outlook As Q3 Revenues Climb 16 Percent

Nov 8, 2024 | sgbonline.com | Thomas Ryan

Asics raised its guidance for the year after reporting sales in the third quarter grew 16.0 percent with profits expanding faster. Double-digit revenue growth in the quarter was achieved in North America, Europe, Japan and Greater China. Third-quarter figures were attained by subtracting six-month results from nine-month results. In the quarter, sales reached ¥183,255 million ($1.2 bn) against ¥158,026 million a year ago. Operating profits rose 46.6 percent to ¥32,527 million from ¥22,195 million.
Study: Boys Participation Declines; Increased Specialization Tops Youth Sports Concerns

Nov 1, 2024 | sgbonline.com | Thomas Ryan

The Aspen Institute’s National State of Play 2024 report encouragingly found that kids are returning to pre-COVID sports participation levels. However, some worrisome trends highlight that boys continue to play fewer sports and kids are specializing in one sport rather than engaging in multiple, even more so post-pandemic.
Study: Out-of-Stocks Drive 66 Percent of Consumers to Another Retailer

Nov 1, 2024 | sgbonline.com | Thomas Ryan

AlixPartners 2024 Holiday Survey found that two-thirds of respondents will leave an online or brick-and-mortar store and shop elsewhere if an item is out-of-stock. “‘Right product, right place, right time’ echoes in every retail conference room.
Adidas Reaches Out-Of-Court Settlement with Kanye West

Oct 29, 2024 | sgbonline.com | Thomas Ryan

Adidas reached an out-of-court settlement with Kanye West two years after brand ended its Yeezy partnership with the rapper. Under the settlement, both parties have agreed to withdraw all legal claims against each other with no money changing hands. News of the settlement came from Adidas CEO Bjorn Gulden on a reporters’ call Tuesday covering third-quarter results. “There aren’t any more open issues, and there is no…money going either way, and we both move on,” Gulden reportedly said.
EXEC: Shimano Returns to Growth in Third Quarter on Cycling Uptick

Oct 29, 2024 | sgbonline.com | Thomas Ryan

Shimano, Inc. reported its first sales increase in several quarters, as a recovery in bike components offset a slight decline in its fishing tackle business. Extrapolating six-month results from nine-month results shows sales in the third quarter ended September 30 reached ¥117,992 million against ¥112,014 million a year ago, representing a gain of 5.3 percent. Sales had fallen 15.2 percent in the second quarter and 20.2 percent in the first quarter.
EXEC: VF Corp. CEO Sees Recovery Gaining Traction at TNF and Vans Parent

Oct 29, 2024 | sgbonline.com | Thomas Ryan

VF Corporation President and CEO Bracken Darrell said the fiscal second quarter delivered “another quarter of really good progress,” marking the third straight quarter of sequential top-line improvement in the decline rate and witnessing moderating sales declines at its two most challenged areas: Vans and the Americas region.
EXEC: AlixPartners Survey is Latest to Find Nike Losing Mind Share in Sneakers

Oct 28, 2024 | sgbonline.com | Thomas Ryan

The AlixPartners 2024 Consumer Sentiment Index (CSI) has found that Nike is still the leader in customer preference for active footwear retailers but an accompanying survey conducted by the financial advisory and global consulting firm is the latest to indicate that the brand has lost market share to competitors, including Adidas, New Balance, Hoka, and On.Likewise, recent studies based on surveys from Stifel and Piper Sandler found that Nike has lost popularity with younger consumers.
EXEC: Newell Sees Slow Turnaround for Outdoor & Rec Segment

Oct 25, 2024 | sgbonline.com | Thomas Ryan

Newell Brands President and CEO Chris Peterson reported that Newell’s Outdoor & Recreation segment, which includes Marmot, Ex Officio, Stearns, Bubba, Coleman, and Contigo, is making progress under new management, but is expected to require a lengthy turnaround.