EXEC: Coats Group Execs Outline Product and Financial Upside from Ortholite Integration
EXEC: Sports Direct Owner Frasers Group Acquires Near 6 Percent Stake In Puma SE
EXEC: Assessing Under Armour’s and Mizuno’s Q4 Business in South America
EXEC: The Footwear and Apparel Brands Bringing the Brand Heat in 2026
EXEC: Adidas Shares Sink After Strong 2025, Hurt by Weakness in 2026 Op Profit Guidance
SGB Update
Johnson Outdoors’ CFO to Retire
Johnson Outdoors, Inc. reported that David Johnson, VP and long-time CFO, intends to retire later this year, according to a regulatory filing. The company is commencing a succession process to identify a successor.
Revel Bikes Appoints Global Brand Strategist
Revel Bikes announced that Chris Reichel has returned to the company as global brand strategist. Previously, Reichel was Revel’s marketing director from May 2019 to January 2023. Most recently, Reichel was the marketing director at Esker Cycles.
Nike to Record $300M in Restructuring Charges to Cover Layoffs
Nike, Inc. said in a regulatory filing that it expects to take a pretax charge of about $300 million, mostly in the fiscal third quarter, because of employee severance costs over a nine-month period ending February 28. Nike did not specify how many jobs the company had cut.
Costco’s Fiscal Q2 Earnings Rise 14 Percent
Profits at Costco Wholesale Corporation climbed 13.8 percent in the fiscal second quarter ended February 15 on a 9.1 percent sales gain.
Journeys Parent Genesco Delivers Robust Holiday Quarter
Genesco, Inc. reported earnings on an adjusted basis improved 12.2 percent in the fourth quarter, topping guidance. Comparable sales increased 9 percent, led by a 12 percent surge at Journeys. The quarter marked Genesco’s sixth consecutive quarter of positive comp growth.
SGB Executive
EXEC: Coats Group Execs Outline Product and Financial Upside from Ortholite Integration
The acquisition of OrthoLite has accelerated the company’s strategy to create a leading Tier 2 supplier in footwear components by adding “an exciting, high-growth and high-margin business” to the Coats Group portfolio. The CEO said OrthoLite brings with it compelling revenue and cost synergy opportunities.
EXEC: Athleta’s Q4 Comps Slide 10 Percent, Continued Declines Expected in First Half
Gap, Inc. reported that same-store sales at its Athleta banner declined 10 percent in the fourth quarter and 9 percent for the year. Gap officials told analysts they expect Athleta to show negative mid- to high-single-digit sales declines in the first half of the current year. CEO Richard Dickson said, “Progress will take time, but I am confident we are attracting the right talent to rebuild Athleta.”
EXEC: Tecnica Group’s Revenues Climb 4.7 Percent in 2025
Tecnica Group, the Italian parent of Nordica, Blizzard, Tecnica, Lowa, Moon Boot, and Rollerblade, reported sales grew 4.7 percent in 2025, to €541.3 million ($628 mm). Profits were down due to cost pressures from factory wages and U.S. tariffs.
EXEC: Sports Direct Owner Frasers Group Acquires Near 6 Percent Stake In Puma SE
The parent of Sports Direct, Slazenger, Donnay, LA Gear, No Fear, and Antigua has acquired a nearly 6 percent stake in Puma, according to a filing on Thursday, March 5.
EXEC: Assessing Under Armour’s and Mizuno’s Q4 Business in South America
Vulcabras S.A., the Brazil-based company that manages, manufactures, and distributes footwear, apparel, and accessories in South America for the Under Armour and Mizuno brands, and owns and manages the Olympikus brand, said higher ASPs drove revenue growth for the year, as gross volume of pairs remained flat.
