Latest news with #XT-6
Fashion Network
3 days ago
- Business
- Fashion Network
Salomon and Arc'teryx help Amer Sports defy downturn with athleisure bet
Amer Sports' growth has beaten the consumer downturn by riding the outdoor activity wave. It's among the mid-tier luxury brands offering shoppers high-quality goods that don't break the bank. The bulk of this rally occurred recently, following first-quarter results that defied a rocky global economy. Sales topped expectations, and the company raised its outlook while others cut theirs. Growth of its Technical Apparel and Outdoor Performance divisions — which respectively house Arc'teryx and Salomon — boosted results, Chief Executive Officer James Zheng said in the most recent earnings call, highlighting the brands' potential. While Salomon sneakers surpassed $1 billion in sales in 2024, it's a fraction of the $180 billion global sneaker market, and Arc'teryx is 'very under-penetrated globally,' he said in the call. Amer Sports declined a request for an interview with an executive. Amer Sports wasn't always this successful. Shares remained subdued after the IPO due to high debt, low trading volume, and significant exposure to a lagging Chinese economy, said Laurent Vasilescu, an analyst at BNP Paribas Exane, who rates the stock outperform. Then in December, Amer Sports issued shares to pay down most of its debt. This move reduced leverage and boosted trading volume, alleviating two of the three primary investor concerns, Vasilescu said in an interview. China, which accounts for about 30% of the company's revenue, remains a concern, though sales in the market have bested expectations every quarter since the IPO. Premium sportswear and outdoor market gear is one of the fastest-growing consumer segments in China, attracting younger and female consumers, as well as luxury shoppers, Chief Financial Officer Andrew Page said on the earnings call. Glamping — short for glamorous camping — and gorpcore – wearing outdoor clothes as everyday wear – are currently trending in China, Vasilescu said. Amer Sports is also attracting middle- and upper-income customers who like the 'quiet luxury' aesthetic and the upscale in-store shopping experience of its brands, he added. That's happening in the US too, where celebrities like Timothée Chalamet and Bella Hadid have been spotted wearing Salomon shoes. Sales in its Americas division have grown every year since 2020 – the earliest publicly available results – though at a slower pace than Greater China's, which is estimated to overtake Europe, the Middle East and Africa as Amer Sports' second-largest market by revenue this year. One fan is Gabriella Gonzalez, a 29-year-old stylist who popped by a Salomon store in New York City's SoHo shopping district on a Friday afternoon. She praised the breathability, waterproofing and style of her pink-and-black XT-6 shoes. 'They make my outfits pop,' she said. About half a mile away is Arc'teryx's largest US store. Customer Chris Rojes said he doesn't mind paying more for Arc'teryx's gear over other brands. 'You feel more special in them.' Arc'teryx distinguishes itself from other outdoor apparel brands like Patagonia Inc. and VF Corp's The North Face through a 'much higher level of premiumization,' said TD Cowen analyst John Kernan, who has a buy rating on Amer Sports. Despite higher prices, consumers are willing to pay for Arc'teryx's 'leading innovation.' Declining consumer brand loyalty and a growing desire for variety also creates an opportunity for Salomon and Arc'teryx to gain market share from industry leaders like Nike Inc. and Adidas AG, Vasilescu said. To keep flying high, Amer Sports needs to go global, analysts said, warning that it's an uphill battle. 'We believe that the global brand rollout will not be easy' due to Arc'teryx's high price points and intense competition in Western outerwear markets, said HSBC analyst Akshay Gupta, who has a hold rating on the company. Morningstar analyst Ivan Su, who has a sell rating, believes Amer Sports' would need a compound annual growth rate of 20% over the next five years to support its currently high valuation, which would require 'near flawless execution' globally.
Fashion Network
3 days ago
- Business
- Fashion Network
Salomon and Arc'teryx help Amer Sports defy downturn with athleisure bet
Amer Sports' growth has beaten the consumer downturn by riding the outdoor activity wave. It's among the mid-tier luxury brands offering shoppers high-quality goods that don't break the bank. The bulk of this rally occurred recently, following first-quarter results that defied a rocky global economy. Sales topped expectations, and the company raised its outlook while others cut theirs. Growth of its Technical Apparel and Outdoor Performance divisions — which respectively house Arc'teryx and Salomon — boosted results, Chief Executive Officer James Zheng said in the most recent earnings call, highlighting the brands' potential. While Salomon sneakers surpassed $1 billion in sales in 2024, it's a fraction of the $180 billion global sneaker market, and Arc'teryx is 'very under-penetrated globally,' he said in the call. Amer Sports declined a request for an interview with an executive. Amer Sports wasn't always this successful. Shares remained subdued after the IPO due to high debt, low trading volume, and significant exposure to a lagging Chinese economy, said Laurent Vasilescu, an analyst at BNP Paribas Exane, who rates the stock outperform. Then in December, Amer Sports issued shares to pay down most of its debt. This move reduced leverage and boosted trading volume, alleviating two of the three primary investor concerns, Vasilescu said in an interview. China, which accounts for about 30% of the company's revenue, remains a concern, though sales in the market have bested expectations every quarter since the IPO. Premium sportswear and outdoor market gear is one of the fastest-growing consumer segments in China, attracting younger and female consumers, as well as luxury shoppers, Chief Financial Officer Andrew Page said on the earnings call. Glamping — short for glamorous camping — and gorpcore – wearing outdoor clothes as everyday wear – are currently trending in China, Vasilescu said. Amer Sports is also attracting middle- and upper-income customers who like the 'quiet luxury' aesthetic and the upscale in-store shopping experience of its brands, he added. That's happening in the US too, where celebrities like Timothée Chalamet and Bella Hadid have been spotted wearing Salomon shoes. Sales in its Americas division have grown every year since 2020 – the earliest publicly available results – though at a slower pace than Greater China's, which is estimated to overtake Europe, the Middle East and Africa as Amer Sports' second-largest market by revenue this year. One fan is Gabriella Gonzalez, a 29-year-old stylist who popped by a Salomon store in New York City's SoHo shopping district on a Friday afternoon. She praised the breathability, waterproofing and style of her pink-and-black XT-6 shoes. 'They make my outfits pop,' she said. About half a mile away is Arc'teryx's largest US store. Customer Chris Rojes said he doesn't mind paying more for Arc'teryx's gear over other brands. 'You feel more special in them.' Arc'teryx distinguishes itself from other outdoor apparel brands like Patagonia Inc. and VF Corp's The North Face through a 'much higher level of premiumization,' said TD Cowen analyst John Kernan, who has a buy rating on Amer Sports. Despite higher prices, consumers are willing to pay for Arc'teryx's 'leading innovation.' Declining consumer brand loyalty and a growing desire for variety also creates an opportunity for Salomon and Arc'teryx to gain market share from industry leaders like Nike Inc. and Adidas AG, Vasilescu said. To keep flying high, Amer Sports needs to go global, analysts said, warning that it's an uphill battle. 'We believe that the global brand rollout will not be easy' due to Arc'teryx's high price points and intense competition in Western outerwear markets, said HSBC analyst Akshay Gupta, who has a hold rating on the company. Morningstar analyst Ivan Su, who has a sell rating, believes Amer Sports' would need a compound annual growth rate of 20% over the next five years to support its currently high valuation, which would require 'near flawless execution' globally.
Fashion Network
3 days ago
- Business
- Fashion Network
Salomon and Arc'teryx help Amer Sports defy downturn with athleisure bet
Amer Sports' growth has beaten the consumer downturn by riding the outdoor activity wave. It's among the mid-tier luxury brands offering shoppers high-quality goods that don't break the bank. The bulk of this rally occurred recently, following first-quarter results that defied a rocky global economy. Sales topped expectations, and the company raised its outlook while others cut theirs. Growth of its Technical Apparel and Outdoor Performance divisions — which respectively house Arc'teryx and Salomon — boosted results, Chief Executive Officer James Zheng said in the most recent earnings call, highlighting the brands' potential. While Salomon sneakers surpassed $1 billion in sales in 2024, it's a fraction of the $180 billion global sneaker market, and Arc'teryx is 'very under-penetrated globally,' he said in the call. Amer Sports declined a request for an interview with an executive. Amer Sports wasn't always this successful. Shares remained subdued after the IPO due to high debt, low trading volume, and significant exposure to a lagging Chinese economy, said Laurent Vasilescu, an analyst at BNP Paribas Exane, who rates the stock outperform. Then in December, Amer Sports issued shares to pay down most of its debt. This move reduced leverage and boosted trading volume, alleviating two of the three primary investor concerns, Vasilescu said in an interview. China, which accounts for about 30% of the company's revenue, remains a concern, though sales in the market have bested expectations every quarter since the IPO. Premium sportswear and outdoor market gear is one of the fastest-growing consumer segments in China, attracting younger and female consumers, as well as luxury shoppers, Chief Financial Officer Andrew Page said on the earnings call. Glamping — short for glamorous camping — and gorpcore – wearing outdoor clothes as everyday wear – are currently trending in China, Vasilescu said. Amer Sports is also attracting middle- and upper-income customers who like the 'quiet luxury' aesthetic and the upscale in-store shopping experience of its brands, he added. That's happening in the US too, where celebrities like Timothée Chalamet and Bella Hadid have been spotted wearing Salomon shoes. Sales in its Americas division have grown every year since 2020 – the earliest publicly available results – though at a slower pace than Greater China's, which is estimated to overtake Europe, the Middle East and Africa as Amer Sports' second-largest market by revenue this year. One fan is Gabriella Gonzalez, a 29-year-old stylist who popped by a Salomon store in New York City's SoHo shopping district on a Friday afternoon. She praised the breathability, waterproofing and style of her pink-and-black XT-6 shoes. 'They make my outfits pop,' she said. About half a mile away is Arc'teryx's largest US store. Customer Chris Rojes said he doesn't mind paying more for Arc'teryx's gear over other brands. 'You feel more special in them.' Arc'teryx distinguishes itself from other outdoor apparel brands like Patagonia Inc. and VF Corp's The North Face through a 'much higher level of premiumization,' said TD Cowen analyst John Kernan, who has a buy rating on Amer Sports. Despite higher prices, consumers are willing to pay for Arc'teryx's 'leading innovation.' Declining consumer brand loyalty and a growing desire for variety also creates an opportunity for Salomon and Arc'teryx to gain market share from industry leaders like Nike Inc. and Adidas AG, Vasilescu said. To keep flying high, Amer Sports needs to go global, analysts said, warning that it's an uphill battle. 'We believe that the global brand rollout will not be easy' due to Arc'teryx's high price points and intense competition in Western outerwear markets, said HSBC analyst Akshay Gupta, who has a hold rating on the company. Morningstar analyst Ivan Su, who has a sell rating, believes Amer Sports' would need a compound annual growth rate of 20% over the next five years to support its currently high valuation, which would require 'near flawless execution' globally.
Hypebeast
03-06-2025
- Business
- Hypebeast
JD Sports Goes 'From the Mountain, to the Street' With Joe James and the Salomon XT-6
This season,JD Sportsadds theSalomonXT-6to its extensive footwear roster. Known for crafting exclusive campaigns for its brands' collections, the launch is accompanied by the retailer's debut campaign with the outdoor label titled 'From the Mountain, to the Street.' Making its mark among athletes, explorers and outdoor enthusiasts alike, the XT-6 was originally designed for ultra-distance races across various terrains. In recent years, however, the silhouette has witnessed a rebirth, gaining new acclaim within the lifestyle space as more consumers increasingly prioritize comfort when shopping for footwear. Fusing technical innovation with stand-out design features, the sneaker's highly durable overlays, cushioned midsole, extra gripped outsole as well as signature Salomon Quicklace™ lacing system, have made the XT-6 a go-to silhouette for trail-to-city activities. Continuing its commitment to champion local stars, JD Sports enlists East London native and Salomon Sportstyle ambassadorJoe Jamesto front its debut campaign for the outdoor brand. As a rising voice in culture, the artist has garnered a cult following for his lyricism and presence within the city's streetwear scene. Possessing an authentic relationship with fashion and the outdoors, Joe James' versatility embraces the sneaker's roots as well as its current bridge into the lifestyle realm. The campaign visuals capture the sneaker in its natural element, both in the city and outdoors, with the artist sporting this season's two highlighted colorways: 'Cloud/Iron/Ultra' and 'Black/Grey/Orange.' Retailing for £165 GBP (approx. $220 USD), both of the Salomon XT-6 sneakers are available to purchase from JD Sports now. For more information and to explore further summer styles, visit the retailer'swebsite.
Yahoo
29-03-2025
- Lifestyle
- Yahoo
11 Casual Hiking Sneaker You Can Wear Whenever You Want
"Hearst Magazines and Yahoo may earn commission or revenue on some items through these links." Wearing waterproof, grippy hiking sneakers for rainy days has been my long-term shoe hack. I'll wear a rain boot if I must. That's to say I'll do it if it's coming down hard, and I need protection as high up as it can go. I'll wear a snow boot when it's actually snowing and a hiking boot when I'm actually hiking. But if I'm just going to work? Grabbing lunch? Want to wear a normal outfit and shoes? A sneaker built for tougher terrain is where it's at. I invite you to do the same. Thanks to the cultural movement gorpcore (it's not dead TikTok and high-fashion just moved on), brands are making hiking sneakers that look cool in urban environments. Salomon's XT-6 were the original example. But now you have the Adidas Terrex line, an new model from Arc'teryx, and all sorts of cottage outdoors-fashion options. No matter where you pick from, one of these 11 best hiking sneakers will serve you outdoor Terrex line made this Skychaser, a lightweight, low-profile sneaker that you can be certain we'd wear with a hoodie and favorite pair of wider leg pants on a rainy day. The GORE-TEX membrane won't steer you wrong in terms of moisture repellancy. $160.00 at fashion eyes have been Arc'teryx lately, but the brand keeps its head down and does what it does best: great outdoor gear. These sneakers are more streamlined than a lot of outdoor sneakers tend to be, with lower cushioning and a snug-fitting upper. $170.00 at Pegasus sneaker is a favorite for all types of runners, and the Gore-Tex version is great for running in wet weather as well as just walking in it. These are a favorite for rainy day athleisure outfits. $170.00 at Stinson brings that beloved Hoka cushion into a sneaker that has a ton of grip, thanks to the multi-directional lugs. They have a great balance of softness and traction, though they aren't waterproof. $170.00 at someone asks for a stylish hiking anything, I'm sending them to Diemme. These are a sneaker-y version of the brand's classic boot, done up in a wax-coated, water-resistant leather. If the traditional hiking sneaker is too casual for you, this is an excellent upgrade. $470.00 at XT-6 just keeps on delivering. They're lightweight, waterproof, and have an easy quick-lace design. "The XT-6 is built for performance, sure, but it also happens to be built to downright electrify your vibe," says our style director, Jonathan Evans. "Taken out of the context of trail running, it becomes a piece that can work with any fit, whether your personal style leans more low-key (try it with washed-out jeans, a boxy tee, and a light jacket for an advanced riff on normcore) or more fashion-forward (cropped black trousers, a crisp white shirt, and an oversized black blazer sounds just right)." $180.00 at Trailgrip sneaker is the absolute pinnacle of function and fashion. They are actually quite functional, with a dramatic, lugged Vibram outsole and water-repellent mesh. But the chunky design and suede strips are signature Moncler. $750.00 at Cloudrock sneakers are super comfortable and totally waterproof. They're great for wearing to the gym, on errands, or actually on a trail. We particularly like the protective toe cap and TPU mudguard. $179.99 at North Face's Glenclyffe sneaker is a great alternative to other hype-y, gorpcore shoes. These are stylish with the contrasting protective mudguard but they have flown mostly under the radar. $135.00 at I were to buy a single casual hiking sneaker and not want to buy another for years to come, it'd be Canada Goose's Glacier. The brand has a minimal shoe department, but we like what they make. These are virtually indestructible: waterproof, treaded rubber outsole, cord-lock drawstring. They're breathable enough to wear year round but, like any Canada Goose item, can most certainly survive winter, ice, and snow. $450.00 at the true trail sneakers just aren't hitting for you, we love Danner's low shoes as a kind of sneaker-boot hybrid. They are super comfortable, durable, and feel more substantial than something like a waterproof running sneaker. Of course, if you're looking for a boot boot, the Danner Mountain Light is an ongoing favorite. $140.00 at You Might Also Like Kid Cudi Is All Right 16 Best Shoe Organizers For Storing and Displaying Your Kicks
