EXEC: An Unvarnished Look Inside the ~$1.3 Trillion Outdoor Recreation Economy
EXEC: Coats Group Execs Outline Product and Financial Upside from Ortholite Integration
EXEC: Sports Direct Owner Frasers Group Acquires Near 6 Percent Stake In Puma SE
EXEC: Assessing Under Armour’s and Mizuno’s Q4 Business in South America
EXEC: The Footwear and Apparel Brands Bringing the Brand Heat in 2026
SGB Update
Nike to Record $300M in Restructuring Charges to Cover Layoffs
Nike, Inc. said in a regulatory filing that it expects to take a pretax charge of about $300 million, mostly in the fiscal third quarter, because of employee severance costs over a nine-month period ending February 28. Nike did not specify how many jobs the company had cut.
Costco’s Fiscal Q2 Earnings Rise 14 Percent
Profits at Costco Wholesale Corporation climbed 13.8 percent in the fiscal second quarter ended February 15 on a 9.1 percent sales gain.
BJ’s Wholesale Club Closes 2025 on Solid Note but FY Profits Outpace Q4 Gain
Net sales for the fiscal fourth quarter rose 5.5 percent year-over-year (y/y) to $5.45 billion. Total revenue, which includes membership fee income, increased 5.6 percent y/y. Comparable club sales increased 1.6 percent y/y in the fourth quarter.
Lululemon’s Founder Chip Wilson Launches Website to Support Proxy Fight
The site, ww.CreativityFirstlulu.com, presents Wilson’s case for governance and strategic change, spotlights his three independent director nominees—Marc Maurer, Laura Gentile and Eric Hirshberg—and announces an intended Schedule 14A proxy filing and GOLD universal proxy card.
The Buckle’s February Comps Grow 8 Percent
The Buckle Inc. reported comparable store sales jumped 8 percent for the four-week period ended February 28.
SGB Executive
EXEC: An Unvarnished Look Inside the ~$1.3 Trillion Outdoor Recreation Economy
Numbers from the U.S. Commerce Department indicate that the Real GDP of the outdoor recreation economy in 2024 grew at roughly HALF the rate year-over-year than it did in 2023 — and that sounds more like what the outdoor retail industry has been feeling, at least directionally.
EXEC: Coats Group Execs Outline Product and Financial Upside from Ortholite Integration
The acquisition of OrthoLite has accelerated the company’s strategy to create a “leading Tier 2 supplier in footwear components by adding an exciting, high-growth and high-margin business to the Coats Group portfolio.” The CEO said, “OrthoLite brings with it compelling revenue and cost synergy opportunities.”
EXEC: Athleta’s Q4 Comps Slide 10 Percent, Continued Declines Expected in First Half
Gap, Inc. reported that same-store sales at its Athleta banner declined 10 percent in the fourth quarter and 9 percent for the year. Gap officials told analysts they expect Athleta to show negative mid- to high-single-digit sales declines in the first half of the current year. CEO Richard Dickson said, “Progress will take time, but I am confident we are attracting the right talent to rebuild Athleta.”
EXEC: Sports Direct Owner Frasers Group Acquires Near 6 Percent Stake In Puma SE
The parent of Sports Direct, Slazenger, Donnay, LA Gear, No Fear, and Antigua has acquired a nearly 6 percent stake in Puma, according to a filing on Thursday, March 5.
EXEC: Assessing Under Armour’s and Mizuno’s Q4 Business in South America
Vulcabras S.A., the Brazil-based company that manages, manufactures, and distributes footwear, apparel, and accessories in South America for the Under Armour and Mizuno brands, and owns and manages the Olympikus brand, said higher ASPs drove revenue growth for the year, as gross volume of pairs remained flat.
