EXEC: Hibbett Parent JD Sports to Open More JD Stores in Spain
EXEC: Topo Athletic CEO Tony Post Talks Meteoric Growth for the Running Brand
Survey: Footwear Execs Expect DD Jump in Landed Cost in H2; See Tariff Pass-Through
EXEC: Wall Street Remains Skeptical of Any Nike Recovery in Fiscal Q4
EXEC: Switchback Spring 2025 Through the Eyes of the Industry
SGB Update
Survey: Early Back-To-School Shoppers Noticing Higher Prices
A survey of parents who have started back-to-school shopping conducted by Morning Consult found that 57 percent believe school supplies cost more this year than they did last year. A majority (59 percent) noted that inflation in general as the cause for the price increases, while 37 percent cited tariffs specifically.
Compass Diversified Reports Inability to Rely on 2022 and 2023 Financial Statements
The owner of the 5.11, Boa, Oxo, and Primaloft brands disclosed on Wednesday, June 24, its non-reliance on its financial statements for fiscal years 2022 and 2023 amid an ongoing investigation into its subsidiary Lugano Holding, Inc. The investigation does not involve CODI’s other subsidiaries.
On Outsole Partner Novoloop Raises $21M to Scale Circular Performance Materials Tech
By chemically upcycling post-consumer polyethylene into low-carbon polyols and polyurethanes, Novoloop produces sustainable materials for footwear, apparel, sporting goods, automotive, and other applications.
Adidas Appoints New GM for India
Vijay Chauhan, most recently SVP International at American Eagle Outfitters, joins Adidas as GM for India, effective August 1. He will succeed Neelendra Singh, who is stepping down after over two decades with the company.
Decathlon Closing Five Greater Toronto Area Stores
Decathlon is closing its five stores in the Greater Toronto area this summer. The retailer provided no reason for the closures, but the French sporting goods chain stated in a media release that it had recently launched same-day delivery and is considering opening smaller store formats or adopting a wholesale distribution model to serve the region.
SGB Executive
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: Wall Street Remains Skeptical of Any Nike Recovery in Fiscal Q4
Analysts expect Nike, Inc. will meet or exceed conservative guidance when it reports earnings for the fiscal fourth quarter ended May 31 on Thursday evening, June 24; however, results will again be well below year-ago levels.
EXEC: Switchback Spring 2025 Through the Eyes of the Industry
Sights and sounds from the inaugural Switchback Spring event in Nashville, Tennessee, featuring photos from show attendees, exhibitors and Outdoor Industry Association.
EXEC: Bain Study Sees Luxury Sector Facing Soft Second Half
Luxury consumption is expected to contract 2 percent to 5 percent for the year, according to a recent report from Bain & Company, across key luxury categories, as price fatigue and macroeconomic turbulence continue to weigh on consumers
