EXEC: Nike Brand’s Brazilian Business Marks Q2 as Biggest Quarter in Company’s History
EXEC: ONON Shares Crater as On Brand Faces U.S. Wholesale Growing Pains
On Holding’s Shares Fall as Q2 Top-Line Comes Up Short Despite Strong DD Growth
EXEC: Pou Sheng China Retail Business Digs Deeper Hole in July 2026
EXEC: UA’s Kevin Plank Won’t Take Shortcuts in Premiumization Efforts
SGB Update
Citi Trends Sees Q2 Comps Expand 10.5 Percent
Citi Trends, Inc. reported preliminary results for the second quarter showing sales increased 10.9 percent to $211.6 million. Comparable store sales increased 10.5 percent year-over-year, or 19.7 percent on a two-year basis.
Mountain Equipment Appoints Rocky Mountain Rep
Mountain Equipment named Elliott Nolan and his High Route Ventures agency as its new sales rep for the Rocky Mountain region, covering Colorado, New Mexico, Utah, and Wyoming.
Report: Lululemon’s Chief Strategy Officer Departs
Lululemon Athletica Inc.’s chief strategy officer Rachel Acheson has left the company after more than 14 years with the retailer, according to a report from Bloomberg.
Worldly Appoints SVP of Growth
Sustainability data and analytics solutions provider Léyoh Goodall has hired Kathryn Smith as SVP of growth. Goodall will “lead the alignment of Worldly’s commercial and customer teams around a single outcome.”
On Holding’s Shares Fall as Q2 Top-Line Comes Up Short Despite Strong DD Growth
ONON shares opened down ~20 percent on the New York Stock Exchange on Tuesday morning, August 11 as Q2 sales fell short of analysts’ estimates. On also provided soft sales guidance for the year while implying it’s holding off from discounting older shoe models ahead of product updates in the highly promotional U.S. market.
SGB Executive
EXEC: Nike Brand’s Brazilian Business Marks Q2 as Biggest Quarter in Company’s History
Fisia, the home of the Nike brand in Brazil, reportedly maintained its strong growth trajectory in Q2, posting 27.5 percent growth in net revenue to R$1.3 billion, the highest quarterly net revenue in its history.
EXEC: ONON Shares Crater as On Brand Faces U.S. Wholesale Growing Pains
Shares of On Holding AG tumbled $7.87, or 20.3 percent, to $30.91 on Tuesday after the company reported sales in the second quarter missed analyst estimates and lowered its outlook for the year due to weak sell-throughs in the U.S. wholesale channel. On an analyst call, officials stressed its commitment to innovation and full-price selling will revive wholesale growth.
EXEC: Inov8 Expands Distributor Network with New French Partner
Inov8 was forged in the fells of the English Lake District where it retains its headquarters. The company was founded in 2003 by Wayne Edy, who sold the business in 2015, bought it back in 2020 and returned as CEO in 2024.
EXEC: Dick’s SG Earns Upgrade on Foot Locker Recovery Prospects
Wells Fargo upgraded Dick’s Sporting Goods to “Overweight” from “Equal Weight,” citing a multi-year recovery story driven by the Foot Locker acquisition and strengthening core operations. Analyst Ike Boruchow also sees Dick’s as the optimal vehicle for investors to capitalize on the potential product turnaround at Nike.
EXEC: Yonex Delivers Double-Digit Growth Across All Categories in Fiscal Q1 2027
In the Sporting Goods Division, overseas sales grew and net sales increased across all sports. The company’s strengthened “Head-to-Toe” approach was highlighted repeatedly as driving higher sales of footwear and apparel.
