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.
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.
Nike’s Chief Accounting Officer to Depart
Nike, Inc. reported in a regulatory filing that Johanna Nielsen, its VP, chief accounting officer and corporate controller, will resign from her role, effective September 4, to pursue another opportunity.
Boa, Primaloft and Velocity OD Each Post DD Growth for CODI in Q2; 5.11 Dips
Compass Diversified,Inc., saw revenue growth in the double-digits in the second quarter across its active-lifestyle businesses, including Boa, Primaloft, 5.11 and Velocity Outdoor. Overall profitability also saw a strong uptick, although overall sales fell due to weakness in its industrial businesses.
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.
EXEC: Pou Sheng China Retail Business Digs Deeper Hole in July 2026
Another double-digit decrease in July comes after the retailer declined 8.6 percent year-over-year in June 2026, which at the time was the lowest monthly revenue figure for the year. The retailer failed to reach the RMB 1 billion for the first time this year.
NRF: Retailers ‘Well Stocked’ with Early Orders Placed Ahead of New Tariffs
Retailers ordered goods earlier than typical this year to avoid new tariffs that went into effect on July 24, leading to an early peak season for import cargo, according to the Global Port Tracker report released by the National Retail Federation and Hackett Associates. Import volume at the nation’s major container ports is expected to remain high this month before starting to decline for the remainder of 2026.
EXEC: Canada Goose Appoints Massimo Piombini to Board
Canada Goose Holdings Inc. appointed Massimo Piombini to its Board of Directors. Piombini’s rolse have included chief executive officer of Diesel and Balmain, chief strategic officer of Technogym, and chief commercial officer of Valentino and Bally. His more than 35 years of experience also includes leadership roles at Boucheron, Gucci and Bulgari. Piombini currently serves […]
July CNBC/NRF Retail Monitor Report Shows Retail Sales Climb for 10th Consecutive Month
Retail sales rose again in July, marking the 10th consecutive month of gains, according to the CNBC/NRF Retail Monitor released by the National Retail Federation. Sales grew 8.3 percent year-over-year at general merchandise stores and 6.6 percent at clothing and accessories stores while declining 3.3 percent at sporting goods, hobby, music and book stores.
EXEC: Ellesse Establishes U.S. Headquarters in Dallas, Relaunches E-Commerce in U.S.
Ellesse, which is relauching in the U.S. through a licensed partnership with The Iconic Brand Corporation (TIBC), has established new U.S. headquarters in Dallas, officially relaunched its U.S. e-commerce platform on ellesse.us, and plans to open a flagship store in Dallas.
EXEC: UA’s Kevin Plank Won’t Take Shortcuts in Premiumization Efforts
Under Armour disappointed investors by lowering its sales outlook for the fiscal year due to deteriorating traffic trends in North America and Asia Pacific amid an increasingly promotional marketplace. However, Kevin Plank, UA’s CEO, told analysts the brand remains committed to full-price selling and won’t be turning to markdowns to drive volume. He said, “That’s not the outcome we wanted on the top line, but it does reflect a business that is more disciplined and flexible than it was just a year ago.”
EXEC: Black Diamond’s Neil Fiske Sees Full-Price Focus Paying Dividends
On Clarus Corp.’s analyst call, Neil Fiske, president, Black Diamond Equipment, said Black Diamond’s sales grew 9.1 percent in the second quarter, reflecting robust growth across major categories and double-digit gains in Europe that offset more modest growth in North America. Black Diamond’s earnings also improved sharply due to tariff refunds and higher full-price selling. […]
