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Salomon Highlights Its Sportstyle Range in New Los Angeles Store
Yahoo Financeยท 2025-10-21 13:00
Core Insights - Salomon is expanding its retail presence in North America with the opening of its first West Coast store in Los Angeles, marking a significant step in its U.S. strategy [1][5] - The new store in West Hollywood is designed to reflect the brand's outdoor-inspired aesthetic while incorporating urban influences, aligning with Salomon's focus on culture, lifestyle, and performance [2][3] - The West Hollywood location is intended to serve as a hub for products, events, and community connections, indicating a broader strategy for brand engagement in the area [4][3] Retail Expansion - The West Hollywood store is Salomon's fourth retail location in North America and the first in California, part of a plan that includes four openings by 2025 [5] - The store spans 1,900 square feet and aims to enhance the brand's presence in Los Angeles, with plans for further expansion across the city [1][3] Financial Performance - Amer Sports, Salomon's parent company, reported a 23% increase in revenue for the second quarter of fiscal 2025, reaching $1.24 billion, compared to $1.00 billion in the same period last year [6] - The company also turned a net income of $18.2 million for the quarter, a significant improvement from a net loss of $3.7 million in the previous year [6] Future Outlook - Ahead of its investor day, Amer Sports raised its revenue growth guidance for the third quarter of fiscal 2025 to the high 20s percentage, up from an earlier estimate of approximately 20% [7] - The company anticipates strong performance across all segments, particularly from Salomon Softgoods and a reacceleration of Arc'teryx [8]