Shoe Carnival, Inc. announced that its Board of Directors authorized a new share repurchase program for up to $50 million of its outstanding common stock, effective January 1, 2026.
Author: SGB Media
Lululemon Founder Criticizes Retailer’s Succession Planning Steps
Chip Wilson, the founder of Lululemon and one of the company’s largest shareholders, in a press release again called for strategic changes at the retailer and criticized Lululemon’s board’s succession planning process following the announcement that CEO Calvin McDonald will step down at the close of the current fiscal year.
Johnson Outdoors Sees 28 Percent Sales Gain in Fiscal Q4, Flat Growth for Year
Johnson Outdoors, Inc. reported sales grew 28.2 percent in its fiscal fourth quarter ended October 3 with robust increases in its Fishing and Diving segments offsetting double-digit declines in its Camping & Watercraft Recreation segment. Sales were flat for the full fiscal year. Losses shrank in both periods due to improving gross margin and expense reductions.
Costco’s Fiscal Q1 Profits Climb 11 Percent
Costco Wholesale Corporation reported net profits grew 11.3 percent in its fiscal first quarter ended November 23, topping Wall Street targets. Sales increased 8.2 percent, to $65.98 billion.
Lululemon Shuffling Seats in the C-Suite as CEO Plans Departure
Lululemon Athletica, Inc. announced that Calvin McDonald plans to step down as CEO and member of the company’s Board of Directors, effective January 31, 2026. The announcement comes as the retailer raised its full-year outlook after reporting third-quarter results that topped guidance, although comps in the Americas fell 5 percent, worsening from the 4 percent decline seen in the second quarter.
Outside Interactive Makes Two Key Leadership Appointments
Christopher Jerard, with over three decades working in outdoor media, was appointed as chief brand officer. Claus Moberg as general manager, Mapping, reportedly brings 15 years of experience to the role.
Calvin Klein Opens New Global Flagship Store in SoHo, New York City
As part of the opening, the store, located in Broadway in SoHo, will house a limited-edition capsule featuring tees, fleece sweatshirts, hats, and totes emblazoned with custom Calvin Klein Soho branding in navy, cobalt, grey, and white colorways.
Survey Finds 54 Percent of SMB Online Retailers Impacted by Tariffs
A survey of 170 U.S.-based small to medium-sized e-commerce business owners (SMB) found that over half (54 percent) made significant changes due to tariffs. Among all respondents, 39 percent raised retail prices, 29 percent shifted suppliers and 19 percent cut the number of products they sell.
Apparel & Footwear M&A Fell in 2025; Multiples Sink
Capstone Partners said in its latest report for December 2025 that the Apparel, Footwear & Accessories sector is expected to face a challenging near-term sales backdrop amid headwinds to consumer spending.
True Sports Appoints Geoff Sarjeant as President
The parent of True Hockey, appointed former NHL goaltender and long-time hockey industry executive Geoff Sarjeant as its new president. Adam Gans, formerly at Bauer, was appointed EVP of product, and Paul Gibson, formerly at Adidas/CCM, was appointed EVP and COO.
Report: Golden Goose on Brink of Sale
Private investment firm HSG, formerly Sequoia Capital China, is in advanced talks to acquire Italian luxury sneaker brand Golden Goose in a transaction that could value the company at over €2.5 billion ($2.9bn), according to reports.
Report: Evo Exploring Move to Denver’s Sports Castle
Ski and bike shop Evo is considering moving into Denver’s Sports Castle, the historic Art Deco building at 1000 Broadway. Plans for the project were submitted to the City of Denver this week by Kemberlin Architecture
Manchester United’s Commercial Revenues Dip in Fiscal Q1
The professional football club based in Manchester, England, commercial revenue for the fiscal first quarter ended September 30 was £84.2 million ($113 mm), a decline of 1.3 percent over the prior-year quarter.
Kent Outdoors Secures New $90 Million Credit Facility
Kent Outdoors, parent of outdoor bands Bote, HO/Hyperlite, Connelly, O’Brien, Liquid Force, Onyx, Aquaglide, Barefoot/Fatsac, and Arbor Snowboards, announced a $90 million asset-based revolving credit facility from PNC Business Credit.
Norda Secures Second Investment From Ermenegildo Zegna Group
Ermenegildo Zegna Group has executed a second round of investment in Norda, the Montreal-based technical trail-running shoe brand. The Italian luxury group initially acquired a minority stake in Norda in January 2023.
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