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. […]
EXEC: JD Sports Fashion Names Former Ikea CEO as New Board Chair
Peter Agnefjäll is currently non-executive director of WPP and was a member of the Board of Directors at Orkla from 2018 to 2026. His previous non-executive roles also include footwear retailer Deichmann and Wizz Air.
Under Armour Cuts Annual Sales Guidance
Under Armour trimmed its sales guidance for the year due to weak sales trends in North America and Asia-Pacific, now expecting a decline in the mid-single digits versus a slight decline previously. Earnings exceeded estimates with the help of tariff refunds.
Bombas to Open Store in Washington, DC
Bombas, best known for its socks, announced plans to open a store in the Georgetown neighborhood of Washington, DC, bringing its total store count to five.
EXEC: The North Face Shortfall Cuts into Fiscal Q1 Results at Japan Brand Owner
The Tokyo, Japan-based company, which first began importing The North Face into Japan in 1978 and acquired its Japanese and South Korean trademark rights in 1995, said net sales declined due to sluggish with in-store sell-through of summer merchandise at wholesale retail outlets.
EXEC: Misto Expands Fila’s Malaysia Retail Presence with New Premium Stores
The Misto Malaysia subsidiary has opened four new Fila stores during the first half of the year across major commercial districts, including Kuala Lumpur and Penang. The new store located at Gurney Plaza, Penang’s premier shopping mall, operates as Southeast Asia’s very first Fila 1911 Store.
EXEC: ThredUp Shares Halved after Lowering Back Half Guidance
The company delivered another quarter of year-over-year (y/y) growth in Q2, its seventh consecutive quarter of growth, but the company saw shares fall 48 percent in the company’s second-quarter conference call with analysts to review results and dig into the business behind the top-line figures.
EXEC: Under Armour and Mizuno’s Brazil Partner Sees Q2 Sales Up DD on Running Strength
Vulcabras S.A., Brazil’s largest athletic footwear maker with licenses in the region for Mizuno and Under Armour, reported Q2 revenue rose 11.2 percent. Both the Olympikus and Under Armour brand were helped by momentum in running footwear.
A.K.A. Brands Sees Q2, First Half Sales Stymied by DD Decline in ANZ Region
The parent of Culture Kings, Princess Polly, Petal and Pup, and MNML said second quarter net sales decreased 5.3 percent year-over-year on a constant-currency (CC) basis.
The Buckle Saw Comp Store Growth Trends Slow in July 2026
Comparable store net sales for the 4-week fiscal July period ended August 1 increased 1.6 percent year-over-year, falling short of the trends for the second quarter and first half.
EXEC: Nike and Lululemon Face Lawsuits Over Deceptive Pricing
Nike and Lululemon have both been recently hit by lawsuits alleging deceptive pricing strategies, where discounted products are listed at fake, inflated original prices. Both lawsuits were filed by the same law firm, Pacific Trial Attorneys, and seek class-action status.
