EXEC: Beyond Yoga Revenues Climb 12 Percent in Q2 on DTC Momentum
EXEC: Asics’ Onitsuka Tiger Business to Get Dedicated Facility in Japan
EXEC: Former Brooks CEO Jim Weber Highlights Key Leadership Traits
EXEC: Footasylum Sees Strong Fiscal 2025 Results Continue into Current Year
Survey: Women’s Interest in Outdoor Activities Remains Strong
SGB Update
Nike’s Debt Downgraded on Lower Profitability, Tariff Risks
S&P Global Ratings lowered its debt ratings on Nike, Inc., due to recent sales and margin declines that it expects will continue in its current fiscal year as well as ongoing tariff risks. The rating agency said, “We believe it will take multiple years to regain the market share lost to both apparel and footwear competitors and return Nike to historical levels of profitability.”
Rygr Taps Saks, Backbone and TNF Veteran as Company President
Hlidek replaces Brian Holcombe, who co-founded Rygr in 2016 and assumed the role of president in 2023. The company said Holcombe’s nine-year tenure helped shape the agency’s “strong foundation, culture and client portfolio.”
Ireland’s Gym+Coffee Appoint Former Nike Exec as CEO
Niall Horgan, Diarmuid McSweeney and Karl Swaine founded the Dublin-based brand in 2017 and operate seven stores in Ireland. Jason Crawford, formerly of Nike and Adidas, will take on the role as CEO as the founders step away from the Ireland-based athleisure brand’s day-to-day operations.
Survey: Potential Tariffs and Inflation Jump-Started BTS Shopping
“Consumers are being mindful of the potential impacts of tariffs and inflation on back-to-school items, and have turned to early shopping, discount stores and summer sales for savings on school essentials.” — Katherine Cullen, VP of Industry and Consumer Insights, National Retail Federation
Baja Llama Expands Indie Sales Representation Across U.S.
The apparel company has added independent reps in the Midwest, New England, South Central, Southeast, the Rockies, and Puerto Rico and the Caribbean.
SGB Executive
EXEC: Fila Brand Delivers MSD China Retail Growth in Q2 for Anta Sports
Retail sales, in retail value, for the Fila brand in China increased in mid-single digits year-over-year in the second quarter, a moderation from the high-single-digit trend in the first quarter.
EXEC: Li Ning Posts LSD Growth in China Retail Sales in Second Quarter
The Offline channel, which includes retail and wholesale, registered a low-single-digit increase. Retail (direct operation) declined by mid-single digits, while Wholesale (franchised distributors) increased by low-single digits. The E-commerce channel registered mid-single-digit growth.
EXEC: JD Sports Fashion Reports Exit of Non-Executive Board Director
Helen Ashton, a non-executive director of the company’s Board of Directors and chair of the Board’s Audit and Risk Committee, has reportedly notified the company of her intention to step down to focus on other commitments.
EXEC: Ciele Athletics Partners with Topsports for China Retail Launch
Ciele will soon open its “official online flagship stores” in China and activate offline channels to reach the country’s fast-growing running community.”
EXEC: Beyond Yoga Revenues Climb 12 Percent in Q2 on DTC Momentum
The company’s sales rose 11.9 percent to $36.8 million in Levi Strauss & Co.’s fiscal Q2, ended June 1, boosted by a 30.1 percent growth in the DTC channel, thanks to new store openings.
