EXEC: Cinelli Now Assembling High-End Road and Gravel Bikes in the U.S.
The models, including Pressure ADR (Road Endurance), Pressure II (Road Race) and King Zydeco II (Gravel Race), are now being built at the Cinelli Logistics Center in Ames, IA.
EXEC: Footasylum Sees Strong Fiscal 2025 Results Continue into Current Year
Total sales for the first 21 weeks of fiscal 2026 are up 10.5 percent year-over-year and are reportedly “tracking slightly ahead of plan.” Footasylum’s exclusive brands were up 17 percent year-over-year for the 21-week YTD period.
EXEC: Trump Looks to Make Public Lands Great Again
It is refreshing to see the work the Outdoor Recreation Roundtable and its 50 national members have done to develop and maintain a bipartisan approach to issues that threaten to impact access, creation and expansion of Public Lands in the U.S.
Onitsuka Tiger Opens Flagship in Paris
Set within the historic Travellers Paris building at 25 Avenue des Champs-Élysées, the store spans two levels and features Tiger Yellow accents, raw concrete, and vibrant yellow glass. The ground floor houses Café Onitsuka Tiger a takeaway destination serving food and beverages.
EXEC: Trump Announces New Trade Deal with Vietnam
The revised deal includes the elimination of Vietnam tariffs on U.S. goods and a higher tariff on Vietnam shipments to the U.S, although it amounts to less than half of the 46 percent tariff imposed by the Trump Administration in early April.
EXEC: Accell Group Tracking Toward “Sustainable Recovery” After Tough 2024
The Dutch parent of the Babboe, Batavus, Carqon, Ghost, Haibike, Koga, Lapierre, Raleigh, Sparta, and Winora bicycle brands said sales dropped 22 percent in 2024 due to extensive discounting in the bike space but growth has resumed in the parts and accessories) business and certain key regions in early signs of recovery.
EXEC: Belgian Cycling Factory Opens UK/Ireland Distribution Office
The UK division is a partnership between Russell Merry, a long-time industry veteran with leadership roles at Hot Wheels, Cycling Sports Group and Frasers Group/Evans Cycles, and Jochim Aerts, CEO of Belgian Cycling Factory, headquartered in Beringen, Belgium.
EXEC: Citi Survey Finds Adidas’ Brand Perception Catching Up to Nike
Citi Research’s latest quarterly Global Sporting Goods Survey found that Nike out-ranked Adidas in terms of intent to purchase and is the athletic brand consumers perceive as the most innovative in North America. However, Adidas tied Nike for the highest Net Promoter Score (NPS) among athletic brands in June, highlighting the popularity of Adidas’ Terrace franchises
EXEC: Nike, Inc. Forcing Australia’s SurfStitch Into Liquidation
Nike claims SurfStitch owes it $237,760 and is demanding that the company be placed into liquidation. Edwin Narayan and Domenic Calabretta, from Mackay Goodwin, were appointed as administrators earlier this month to sort out the retailer’s finances.
EXEC: Nike Inc. CEO Expects $1 Billion Hit from Tariffs; Sees Turnaround Progressing as Planned
Nike, Inc. continues to face headwinds in its turnaround efforts, including an estimated $1 billion hit from tariffs. However, the company’s first-quarter guidance came in better than expected. Nike officials told analysts that its steps to reengage wholesale partners are paying off, with holiday bookings up. Shares of Nike in mid-day trading Friday, June 27, were up about 17 percent.
EXEC: Sport Obermeyer CEO Kris Kuster Talks Year ‘Round Mountain Opportunities in Ski, Hunt & Fish
Kris Kuster, Sport Obermeyer’s new CEO, spoke with SGB Executive about the opportunities he sees for the company in targeting female hunters and anglers, as well as plans to introduce fashion-forward capsules, including those connected to Obermeyer’s hometown of Aspen, the revamp of its online presence, and the impact of tariffs. Kuster also spoke about the impossibility of replacing Klaus Obermeyer.
EXEC: TaylorMade Investor Seeks Preferential Treatment in Potential Sale of Brand
The move comes as Centroid, the South Korean private equity firm that acquired TaylorMade in 2021, in mid-May confirmed plans to divest its controlling stake in TaylorMade, opting for an outright sale over an initial public offering.
EXEC: Hibbett Parent JD Sports to Open More JD Stores in Spain
The UK-based owner of the JD, DTLR, Shoe Palace, Finish Line, and Hibbett retail brands in the U.S. has 130 stores in Spain operating under the Sprinter banner.
EXEC: Topo Athletic CEO Tony Post Talks Meteoric Growth for the Running Brand
SGB Executive talks with Topo Athletic’s Founder and CEO Tony Post about the brand’s momentum, recent product wins, its partnership with DBI, tariff turmoil, and future opportunities.
EXEC: Cutter & Buck’s Swedish Parent Acquires Austria’s Cotton Classics
Through this acquisition, New Wave Group will strengthen its presence in several Central and Eastern European countries, particularly in Austria, Germany, Switzerland, and the Czech Republic, as well as in other countries in the region. The purchase price amounts to €47.6 million ($55mm).
