EXEC: Adidas Brand Posts 17 Percent Sales Gain in Q1 Excluding FX Shifts
EXEC: Wall Street Reacts to Tariff News but Port Traffic Decline May Reflect a Sad Reality
Report: Consumers Willing to Spend More for Brands if Prices Increase
EXEC: Analysts Make Tariff Impact Calls on Footwear and Apparel Stocks
Under Armour Taps Cam Ward to Lead Strong NFL Draft Class for the Brand
SGB Update
WFSGI Adds New Faces to Board to Replace Outgoing Members
The new WFSGI Board has added Anne Larilahti, VP of Sustainability, Amer Sports; Mitchell Tsai, CEO, Apache Footwear; Todd Smith, President and CEO, SFIA; and Stefan Rummel, CEO, Messe Muenchen, the producer of the ISPO and Outdoor Munich Expos.
Hudson’s Bay to Close Balance of Hudson’s Bay and Saks Fifth Avenue Locations
The Hudson’s Bay and Saks Fifth Avenue stores in Canada are expected to operate until no later than June 15, 2025; however, some may close earlier. The company will close 9 Saks Off 5th stores on Sunday, April 27.
Ambercycle and Huilong in New Strategic Cooperation Partnership
The collaboration is expected to focus on scaling textile-to-textile (T2T) closed-loop recycling systems, establishing innovative solutions across the industry’s value chain.
Grassroots Expects 5.9 Percent Growth in Spring Connect Buyer Attendance
Grassroots indicated that the 148 retail businesses and 147 exhibitors are essentially flat versus last year’s Spring Connect Show, but individual buyers increased 5.9 percent year-over-year to 391 buyers.
Jay Apparel Group Expands into Central America
JAG said it would focus on men’s woven sport shirts and other core products in Honduras and other key regional hubs, leveraging the benefits of U.S. trade programs, including the Central America-Dominican Republic Free Trade Agreement (CAFTA-DR).
SGB Executive
EXEC: Adidas Brand Posts 17 Percent Sales Gain in Q1 Excluding FX Shifts
Excluding Yeezy sales in the prior year, currency-neutral revenues for the Adidas brand increased 17 percent y/y for the quarter, driven by double-digit y/y growth across all markets and channels.
EXEC: Wall Street Reacts to Tariff News but Port Traffic Decline May Reflect a Sad Reality
The Dow and the S&P 500 both bounced on April 22 after U.S. Treasury Secretary Scott Bessent, Trump’s primary negotiator on tariff deals, said that he believes the Administration’s ongoing tariff war with China will de-escalate soon because the rift is not sustainable.
EXEC: Rhone Takes Unique Approach to Engaging with Customers Over Tariff Issue
Rather than the possibility of dropping tariffs on customers down the road the company lays out expectations and engages with them. And if you sell a few more shirts, shorts and pants along the way, so much the better.
EXEC: Analysts Make Tariff Impact Calls on Footwear and Apparel Stocks
Those experiencing price target cuts included Birkenstock, Crocs, Inc., Foot Locker, Nike, On Holding, Skechers, VF Corp., and Wolverine World Wide. Some of those hit hardest included Boot Barn, Deckers and Under Armour.
EXEC: Saucony Brand Exceeds 40 Percent Q1 Retail Growth in China
MS (China) Sports Company Limited, a direct wholly-owned subsidiary of Xtep International Holdings Limited, operates under licensing and royalty agreements for the Merrell and Saucony brands and subsidiaries in China.
