Amer Sports promotes Michael Absmaier to president of Atomic. 36 minutes ago Automated translation Read the original in German Ski brand Atomic, part of the sporting goods group Amer Sports Inc., is facing a leadership change. On Monday, the company announced that Michael Absmaier will take over as president of the label on January 1, 2027. He succeeds Wolfgang Mayrhofer, who will retire at the end of the year after more than four decades at Atomic. Absmaier himself has been with Amer Sports for over 20 years. He currently serves as chief financial officer (CFO) and VP of business development at Atomic. He was also recently the interim CEO of the group's Armada brand, which he will also lead as president in the future. As part of his promotion, Absmaier will also join the global leadership team of Amer Sports. Another group veteran will take over his previous position as CFO of Atomic. Anssi Lampinen will move into this role on January 1, having held various management positions at group and brand level at Amer Sports for almost two decades. Most recently, he was VP of finance, responsible for the group's financial planning and analysis (FP&A) and European finance controlling. James Zheng, president and CEO of Amer Sports, paid tribute to the outgoing Atomic head. "On behalf of the Amer Sports executive committee and the global leadership team, we would like to sincerely thank Wolfgang for his many valuable contributions to Atomic and Amer Sports over the past 40 years," he said in a statement. "Wolfgang was a truly valued and respected leader and a cherished colleague. It was always a real pleasure to work with him." In his role as president of Atomic, Mayrhofer "has guided the brand through many new challenges and opportunities since 2007," said Zheng. "We wish him all the best for the future." Amer Sports

Luxury Goods stocks to consider - august 31st. August 31, 2026 Key points. * Seven luxury goods stocks to watch are NIKE, lululemon athletica, Tapestry, Ralph Lauren, ON Holding, Deckers Outdoor, and Amer Sports, selected for having the highest recent dollar trading volume in the category. * The companies span premium athletic footwear and apparel, luxury accessories, lifestyle products, and sporting goods, with brands including Coach, Kate Spade, UGG, HOKA, and lululemon. * Luxury-goods stocks can benefit from strong margins and brand loyalty, but their performance is sensitive to economic cycles, consumer wealth, tourism, currency movements, and shifting consumer preferences. * MarketBeat previews the top five stocks to own by September 1st. NIKE, lululemon athletica, Tapestry, Ralph Lauren, ON, Deckers Outdoor, and Amer Sports are the seven Luxury Goods stocks to watch today, according to MarketBeat's stock screener tool. Luxury goods stocks are shares of companies that design, manufacture, or sell premium products such as designer fashion, jewelry, watches, cosmetics, and high-end automobiles. For stock market investors, these companies may offer strong profit margins and brand loyalty, but their performance can be sensitive to economic cycles, consumer wealth, tourism, currency movements, and changing tastes. These companies had the highest dollar trading volume of any Luxury Goods stocks within the last several days. NIKE (nke). NIKE, Inc., together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, accessories, and services worldwide. The company provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks. lululemon athletica (LULU). Lululemon Athletica Inc., together with its subsidiaries, designs, distributes, and retails athletic apparel, footwear, and accessories under the lululemon brand for women and men. It offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. Tapestry (TPR). Tapestry, Inc. provides luxury accessories and branded lifestyle products in the United States, Japan, Greater China, and internationally. The company operates in three segments: Coach, Kate Spade, and Stuart Weitzman. It offers women's handbags; and women's accessories, such as small leather goods which includes mini and micro handbags, money pieces, wristlets, pouches, and cosmetic cases, as well as novelty accessories including address books, time management and travel accessories, sketchbooks, and portfolios; and belts, key rings, and charms. Ralph Lauren (RL). Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. The company offers apparel, including a range of men's, women's, and children's clothing; footwear and accessories, which comprise casual shoes, dress shoes, boots, sneakers, sandals, eyewear, watches, fashion and fine jewelry, scarves, hats, gloves, and umbrellas, as well as leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bed and bath lines, furniture, fabric and wallcoverings, floor coverings, lighting, tabletop, kitchen linens, floor coverings, dining, decorative accessories, and giftware; and fragrances. ON (onon). On Holding AG engages in the development and distribution of sports products such as footwear, apparel, and accessories for high-performance running, outdoor, all-day activities, and tennis. It sells its products worldwide through independent retailers and global distributors, its own online presence, and its own stores. Deckers Outdoor (DECK). Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities in the United States and internationally. The company offers premium footwear, apparel, and accessories under the UGG brand name; footwear, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name. Amer Sports (AS). Amer Sports, Inc. designs, manufactures, markets, distributes, and sells sports equipment, apparel, footwear, and accessories in Europe, the Middle East, Africa, the Americas, China, and the Asia Pacific. It operates through three segments: Technical Apparel, Outdoor Performance, and Ball & Racquet Sports. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Continue following MarketBeat Before you consider NIKE, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NIKE wasn't on the list. While NIKE currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

Amer Sports posts 339% operating profit surge in Q2 on Salomon and Arc'teryx momentum. Note* - All images used are for editorial and illustrative purposes only and may not originate from the original news provider or associated company. AI Summary Amer Sports, the parent company behind globally recognized brands Arc'teryx and Salomon, has reported a striking 339% increase in operating profit to $192 million for the second quarter, reflecting accelerating momentum across all its major business segments. Adjusted operating profit climbed 209% to $208 million during the same period. Net income surged to $117 million compared to $22.4 million in the corresponding quarter of the previous year. The figure includes a $50.1 million benefit derived from tariff refunds, net of the release of capitalised tariff costs, specific inventory reserves, and estimated reimbursements to vendors. Broad-Based growth across all segments. The company's second quarter performance was driven by strong double-digit growth across all segments, geographies, and channels. Amer Sports reported over 30% revenue growth for the quarter, with standout contributions from Salomon Softgoods, a strong omni-channel performance from Arc'teryx, and an acceleration in the Wilson Tennis 360 business. This broad-based strength underlines the company's position in the healthy and growing premium sports and outdoor market. CEO James Zheng stated that the company's global momentum continued through the second quarter. He pointed to another exceptional performance from Salomon Softgoods, a strong Arc'teryx omni-channel result, and a Wilson Tennis 360 acceleration as the key drivers. He expressed high confidence in the future outlook for Amer Sports, citing the broad-based momentum across the portfolio, the healthy and growing premium sports and outdoor market, and the world-class teams in place around the world. CFO Andrew Page also highlighted the company's second quarter results as another great financial performance across the profit and loss statement, with strong sales, margins, and earnings per share. He noted that ongoing investments in the three largest growth opportunities - Arc'teryx, Salomon Softgoods, and Wilson Tennis 360 - are clearly paying off and that the company intends to continue reinvesting behind these early-stage growth engines to ensure high quality, long-duration growth and strong brand equity over the long term. Raised full-year guidance for 2026. On the back of its strong Q2 performance, Amer Sports has raised its full-year 2026 guidance. The company now anticipates full-year reported revenue growth of approximately 24%, a gross margin in the range of 60.5% to 61.0%, an operating margin between 14.2% and 14.5%, and adjusted diluted earnings per share of $1.27 to $1.30. Page noted that the strong position of Amer Sports brands, excellent execution by its teams, and healthy demand trends in the market gave the company the confidence to raise its full-year 2026 sales, margin, and earnings per share guidance. The Amer Sports Q2 profit results reinforce the company's standing as a formidable player in the global premium sports and outdoor category, with operating profit growth continuing to reflect the sustained investment and expanding commercial reach of its flagship brands. Never miss a textile headline. The textile industry moves fast - stay on top of it with its must-read briefings. Textile Industry News Updates | Global Textile Magazine * The top textile stories, straight to your inbox * The biggest news, features, interviews, and analysis * Dedicated coverage of the key developments driving global textile trade - Never miss a story with notifications - Browse free from up to 5 devices at once Media Packs Expand Your Reach With Its Customized Solutions Empowering Your Campaigns To Maximize Your Reach & Drive Real Results! - Access The Media Pack Now! - Book a Conference Call - Leave Message for Global Textile Times to Get Back