SGB Executive Sports & Fitness
EXEC: Sports Direct Parent Votes Upend XXL ASA General Meeting; CEO Freddy Sobin Ousted
Frasers Group plc, who was represented with 28,776,450 shares and votes, equal to approximately 96.5 percent of the shares and votes represented at the general meeting, may be responsible for moving the managing director of Frasers Group IBML into the XXL Interim CEO role.
EXEC: Hibbett Parent JD Sports Enters New Phase of U.S. Brand Consolidation
The owner of the City Gear, DTLR, Finish Line, JD and Shoe Palace retail brands in the U.S. market is ready to move to the next level in its retail brand consolidation here in the Colonies as DTLR and most City Gear stores will be merged under the DTLR brand.
EXEC: Kanaan Sellers Group Set to List on Nasdaq Nordic Market in Fourth Quarter
The European e-commerce aggregator is set to become Europe’s first publicly listed e-commerce aggregator, with a listing planned in Nasdaq’s Nordic market, targeting a valuation ~€40 million in early fourth quarter.
EXEC: Dick’s SG Senior Execs Talk Foot Locker Deal, Tariffs and Guidance
The retailer had Board chairman Ed Stack on hand to talk about the Foot Locker deal and lay out the argument for its relevance. He will take the lead with the integration teams. CEO Lauren Hobart and CFO Navdeep Gupta dug deep into the weeds on guidance and the impact of tariffs going forward.
EXEC: Dick’s Sporting Goods CEO and CFO Unwind Q1 Analysts’ Questions
Net income dipped 4 percent year-over-year to $264 million, compared to $275 in the prior-year first quarter. Non-GAAP net income was said to be flat.
EXEC: Go Sport and Al Mana Add Key Sporting Goods Execs
Newly appointed leaders Robin Trebbe and Christoffer Jansén are set to transform sports retail operations across the Middle East and emerging markets
EXEC: Deckers Shares Plunge on Weaker Hoka Growth in Q4 and Q1 Guide Miss
The Hoka brand drove a 3 percent year-over-year increase in the DTC business, which was said to reflect “continued strong growth from international regions and a slight decline in the U.S. due to some unique factors in the quarter.”
EXEC: Tariff Worries Overhang NSGA Leadership Conference Energy
Tariffs were top of mind at the NSGA 2025 Leadership Conference but so was confidence that the sporting goods industry would figure out ways to mitigate any fallout. Attendees told SGB Executive that suppliers were so far keeping price increases to a minimum while also ramping up communications with dealers to provide an early read on potential changes.
EXEC: Wilson Ball & Racquet Segment Continues DD Growth for Amer Sports
The segment’s overall growth for the quarter was said to be led by Softgoods, which now represents 10 percent of Ball & Racquet Sports segment sales, and the marquee racquet sports franchises.
EXEC: New Hibbett Parent JD Sports Sees Shares Fall as Q1 Disappoints
Group comp store, or like-for-like, sales were down 2 percent for the quarter ended May 3. The market also reacted to potential price increases from higher tariffs affecting U.S. consumer purchasing.
EXEC: Amer Sports C-Suite Details Small Tariff Impact and FY Guidance Bump
The parent of the Arc’teryx, Peak Performance, Salomon, Atomic and Wilson Sports brands is far less exposed to U.S. market issues than many other brands and has a far larger Asia, China and Europe component than many others that are more U.S.-centric.
EXEC: Fila/Acushnet Parent Sees 4.6 Percent Growth in Q1
Korea-based Misto Holdings, formerly Fila Holdings Corp., reported sales were up 4.6 percent year-over-year in the first quarter as a strong performance of Acushnet, the parent of Titleist and FootJoy, offset ongoing softness at the Fila brand.
EXEC: Asics NA Q1 Gains Led by Perf Run and SportStyle as Global Asics Growth Rocks
The growth across the North America run specialty trade channel in Q1 was said to be due to the “significant demand” for the Novablast family of products, along with strong sales of two key legend models: the Gel-Cumulus and Gel-Nimbus.
EXEC: Dick’s SG and Foot Locker Confirm $2.4 Billion Merger Deal
After seeing the global ambitions grow for JD Sports and Sports Direct, now comes the colonists, with Dick’s Sporting Goods fighting the good fight to protect the motherland from the ambitions of the crown while offering a new global vision for the Dick’s Sporting Goods and Foot Locker brands.
EXEC: Dick’s Sporting Goods, Inc. Makes Bid to Acquire Foot Locker, Inc.
The ywo side confirmed the merger deal the morning of May 15 with a total estimated acquisition price of $2.4 billion.
