EXEC: Lululemon Shares Jump as Management Details Strategy to Revive U.S. Growth
Report: Golden Goose on Brink of Sale
EXEC: Famous Footwear Comps Positive in Athletic in Q3 on Trend to Premium Brands
EXEC: DSW Turnaround News, Stronger Q3 Profits Drive Parent DBI Shares Higher
EXEC: Academy Sports Gains Q3 Boost from Elevated Nike and Jordan Allocations
SGB Update
Shoe Carnival Announces New $50 Million Stock Buyback Program
Shoe Carnival, Inc. announced that its Board of Directors authorized a new share repurchase program for up to $50 million of its outstanding common stock, effective January 1, 2026.
Lululemon Founder Criticizes Retailer’s Succession Planning Steps
Chip Wilson, the founder of Lululemon and one of the company’s largest shareholders, in a press release again called for strategic changes at the retailer and criticized Lululemon’s board’s succession planning process following the announcement that CEO Calvin McDonald will step down at the close of the current fiscal year.
Johnson Outdoors Sees 28 Percent Sales Gain in Fiscal Q4, Flat Growth for Year
Johnson Outdoors, Inc. reported sales grew 28.2 percent in its fiscal fourth quarter ended October 3 with robust increases in its Fishing and Diving segments offsetting double-digit declines in its Camping & Watercraft Recreation segment. Sales were flat for the full fiscal year. Losses shrank in both periods due to improving gross margin and expense reductions.
Costco’s Fiscal Q1 Profits Climb 11 Percent
Costco Wholesale Corporation reported net profits grew 11.3 percent in its fiscal first quarter ended November 23, topping Wall Street targets. Sales increased 8.2 percent, to $65.98 billion.
Lululemon Shuffling Seats in the C-Suite as CEO Plans Departure
Lululemon Athletica, Inc. announced that Calvin McDonald plans to step down as CEO and member of the company’s Board of Directors, effective January 31, 2026. The announcement comes as the retailer raised its full-year outlook after reporting third-quarter results that topped guidance, although comps in the Americas fell 5 percent, worsening from the 4 percent decline seen in the second quarter.
SGB Executive
EXEC: Lululemon Shares Jump as Management Details Strategy to Revive U.S. Growth
While the news of the day was CEO Calvin McDonald’s pending departure at the close of the current fiscal year, Lululemon’s management team on the company’s third quarter analyst call detailed a comprehensive action plan backed by three pillars — Product Creation, Product Activation and Enterprise Efficiency — to revive growth in the U.S. marketplace.
EXEC: 2026 Color of the Year Debated as Pantone Goes White and Stitch Fix Says Bright
Stitch Fix named Chili Red, what they call a “vivid, optimistic and confident shade,” as the 2026 Color of the Year. Sales of red pieces are reportedly “up by over 50 percent as of October 2025,” and demand is expected to continue to grow in 2026.
Report: Golden Goose on Brink of Sale
Private investment firm HSG, formerly Sequoia Capital China, is in advanced talks to acquire Italian luxury sneaker brand Golden Goose in a transaction that could value the company at over €2.5 billion ($2.9bn), according to reports.
EXEC: AlixPartners Sees Frugality Reigning in 2026
AlixPartners’ annual consumer outlook, study, based on a survey of over 13,000 consumers across nine countries, forecasts a sharp, accelerating pullback in global spending intentions in 2026, with the retrenchment highlighted by high-income consumers and China.
EXEC: Top Asia Footwear Factories Continue Declines in November
Feng Tay Enterprises, one of the longest-tenured producers of Nike footwear, saw Manufacturing revenues decline 11.8 percent year-over-year in November, while Outdoor and athletic footwear maker Yue Yuen factory output declined 2.4 percent y/y for the month.
