Vail Resorts Cuts Full Year Guidance as Fiscal Q3 Ends Season on a Down Note
EXEC: LULU Shares Hit by Downgrades, Price Target Cuts After Bleak Outlook
EXEC: Tilly’s Shreds It and Zumiez Eats It with Fiscal Q1 Performances
EXEC: Famous Footwear Sees Inflationary Pressures Drag Down Foot Traffic in Q1
EXEC: Authentic Solidifies Position as No. 2 Global Licensor as Company Heads Toward IPO
SGB Update
Vail Resorts Cuts Full Year Guidance as Fiscal Q3 Ends Season on a Down Note
Next season’s North America pass product units sold through May 26, 2026 decreased approximately 10 percent year-over-year, days sold decreased approximately 8 percent and sales dollars, inclusive of sales and admissions taxes, decreased approximately 5 percent.
Timberland Opens Store at American Dream Mall
Timberland, owned by VF Corp., opened a store at the American Dream Mall in East Rutherford, NJ, as the brand ramps up store openings.
North Dakota’s First Choice Apparel and Embroidery Closing
First Choice Apparel and Embroidery, based in Fargo, ND since 1995, is closing as its founders Carla and Ron Sorvaag are retiring.
Golftec Marketing Exec Joins Youth on Course
Youth on Course, a non-profit designed to introduce golf to youth, appointed Chris Kuebrich, formerly Golftec’s SVP of marketing, as its senior director of marketing.
British Footwear Association Appoints New CEO
The BFA appointed Ian Cartwright as its new chief executive officer. Cartwright is currently chief operating officer at Mahabis, the London-based maker of slippers, where he leads operational and commercial transformation to support growth and long‑term sustainability.
SGB Executive
EXEC: Footwear Executive Survey Shows Business Optimism Slipping
The 14th Edition of the World Footwear Business Conditions Survey found footwear executives were generally upbeat about business prospects but slightly less so than the prior survey taken last fall. Geographically, respondents in Europe are substantially less optimistic than those in other continents amid the U.S.-Iran conflict, but generally positive opinions prevail everywhere.
EXEC: UK Activewear Brand Oner Active to Open NYC Store
The Oner Active store in Manhattan’s Noho neighborhood is expected to open this winter. It’s close to Gymshark’s recently opened flagship on Bond Street.
EXEC: LULU Shares Hit by Downgrades, Price Target Cuts After Bleak Outlook
Lululemon Athletica Inc. incurred two analyst downgrades and saw numerous other analysts slash their price targets on its stock after the retailer slashed its annual profit forecast and projected second-quarter earnings well below Wall Street estimates.
EXEC: Tilly’s Shreds It and Zumiez Eats It with Fiscal Q1 Performances
Shares of Tilly’s, Inc. jumped 18.6 percent on Thursday, June 4, after reporting one of its strongest quarters to date, while competitor Zumiez saw shares collapse ~24percent in late-afternoon trading on Friday as the action sports retailer offered weak guidance amid signs of a pullback in discretionary spending.
EXEC: Lululemon Co-CEOs Talk Through Hits and Misses Going into Second Quarter
Interim Co-CEO and CFO Meghan Frank said the company saw encouraging signs in Q1 that reinforce that the company is moving in the right direction, but the company faced a few headwinds as the calendar transitioned to the second quarter, revealing a moderating sales trend.
