SGB Executive Sportsmans
EXEC: Sports Direct’s Solid Full Year Performance Offset by Other Parent Company Factors
U.K.-based Frasers Group, the parent of Sports Direct, Everlast, and Evans Cycles, among many others, reported a 7.4 percent decline in sales for its fiscal year ended April 27, as continued sales growth from Sports Direct was offset by moves to right-size other sports banners and weakness in its luxury segment.
EXEC: Thule Group CEO Talks Q2 Upside, 2025 Opportunities and U.S. Gains After Weak Q1
Thule Group President and CEO Mattias Ankarberg said the company’s 16 percent currency-neutral growth in the second quarter was driven by new products and categories, providing clear confirmation to him that the company’s high launch pace during the year has paid off.
EXEC: Trump Looks to Make Public Lands Great Again
It is refreshing to see the work the Outdoor Recreation Roundtable and its 50 national members have done to develop and maintain a bipartisan approach to issues that threaten to impact access, creation and expansion of Public Lands in the U.S.
EXEC: Trump Announces New Trade Deal with Vietnam
The revised deal includes the elimination of Vietnam tariffs on U.S. goods and a higher tariff on Vietnam shipments to the U.S, although it amounts to less than half of the 46 percent tariff imposed by the Trump Administration in early April.
EXEC: Sport Obermeyer CEO Kris Kuster Talks Year ‘Round Mountain Opportunities in Ski, Hunt & Fish
Kris Kuster, Sport Obermeyer’s new CEO, spoke with SGB Executive about the opportunities he sees for the company in targeting female hunters and anglers, as well as plans to introduce fashion-forward capsules, including those connected to Obermeyer’s hometown of Aspen, the revamp of its online presence, and the impact of tariffs. Kuster also spoke about the impossibility of replacing Klaus Obermeyer.
EXEC: Czechoslovak Group Plans Debt Offering; Sees Healthy Start to Second Quarter
The company, which acquired Vista’s Kinetic Group in November 2024, reported that based on unaudited preliminary management accounts, revenue, operating EBITDA, and operating EBITDA margin for the five months ended May 31, amounted to €2.3 billion, €631.8 million and 27.3 percent, respectively.
EXEC: Yakima to Transition DACH Region Distribution to Grofa Action Sports GmbH
Grofa Action Sports GmbH will serve as exclusive distributor in the Germany, Austria and Switzerland region, effective August 1, 2025. Phobos will transition to a distributor at that time for Czechia and Slovakia and as a Master Distributor for select developing markets in Europe.
EXEC: Academy’s Chief Merchant Talks Jordan Launch, Nike Brand Success, Tariff Disruption
Following the retailer’s first-quarter results report, Academy’s EVP and Chief Merchant Matt McCabe added more highlights from the business, including the promise to introduce the Jordan brand, a strong response to expanding Nike product and market share gains among higher-income households.
EXEC: Trump Announces U.S. and China Have Reached Trade Deal With 55 percent Tariff
President Donald Trump declared the trade war with China “done” Wednesday, while Commerce Secretary Howard Lutnick said tariffs on Chinese goods will be locked in at the current 55 percent rate without additional increases.
EXEC: Trump Tariffs Having Little Impact on Retail Footwear Prices
The May Consumer Price Index (CPI) came in cooler than expected, defying fears that the impact of President Trump’s tariffs would start to show a rise in prices. A separate analysis by the FDRA indicates that footwear prices in May likewise declined year-over-year.
EXEC: Academy CEO Sees Promising Returns from Improved Nike Allocations, Jordan Launch
First-quarter results missed analyst estimates and the retailer widened its full-year guidance due to potential inflationary pressures arriving this year. Management also shared many positive developments, including a healthy response to Nike product expansion and Jordan brand launch.
EXEC: Sportsman’s Warehouse Execs Lay Out Turnaround Wins; Reiterate Guidance
Comp sales grew for the first time in nearly four years as the company focused on replenishing in-store stock, which boosted sales in the Hunting, Fishing and Shooting Sports categories. Ammunition was up 3 percent and Fishing was up 11 percent.
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: Boa, Primaloft Parent Faces Lawsuits, NYSE Action as it Addresses Lugano Irregularities
The parent of 5.11 Tactical, Boa, and Primaloft provided an update on Wednesday, May 28 on the steps it is taking to enhance liquidity and reduce costs in the wake of an investigation of irregularities at its Lugano Diamonds subsidiary.
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.
