Wells Fargo lowered its price target on Lululemon Athletica Inc. to $225 from $270 and its earnings estimates for the current and next year, suggesting another guidance reduction may be forthcoming from the athletic apparel retailer.
Author: SGB Executive
EXEC: Bogner Sells Majority Stake to Katjes International
Bogner, the Munich-based luxury apparel and skiwear brand, has found a new majority investor in Katjes International, also based in Germany, known for its confectionery and body care products. The transaction is expected to be completed in September and remains subject to approval by antitrust authorities.
EXEC: Columbia Sportswear Delivers Dismal Outlook on Columbia Brand Struggles in U.S.
On its second-quarter analyst call, Tim Boyle, Columbia Sportswear’s chairman, CEO and president, warned that U.S. wholesale orders for the flagship Columbia brand would likely remain down at least through the first half of 2026 as efforts to revive demand for the brand are being undermined by conservative orders from retailers in the face of proposed tariffs.
EXEC: Black Diamond President Talks Impact of Pro Discounts, DTC Drop, FX, and Tariffs
Company President Neil Fiske said North American wholesale, the BDE’s largest market, was up 1.6 percent year-over-year (y/y). North America digital DTC, which represents about 17 percent of the region’s revenue, was down 20.1 percent y/y.
EXEC: Safilo Sees Smith Optics Post Strong H1 Core Channels Growth
Blenders continued to be impacted by promotion-driven demand in the entry-level price segment but its performance showed an improvement compared to the first quarter. Smith’s Sports channel sales were said to be held back by a Safilo decision to to temporarily limit imports of new winter items from China.
EXEC: Sebago, Kappa and Superga Parent BasicNet Sees DD Gain in H1 Royalties, Dip in Direct Sales
The Turin, Italy-based parent of the Kappa, Robe di Kappa, K-Way, Superga, Briko Jesus Jeans, Sabelt, and Sebago brands, reported consolidated revenues in the 2025 first half (H1) declined 0.7 percent to €172.6 million, compared to €173.9 million in the 2024 H1 period.
EXEC: Vans Parent Updates Market on Brand’s Turnaround Progress; Re-Launches Warped Tour
Among the signs that Vans is regaining brand heat, VF CEO Bracken Darrell cited a 50 percent increase in appointment bookings at Paris Fashion Week in June, including new accounts and accounts who have delisted Vans in recent years coming back. He also cited the “strong reaction” to skate-inspired silhouettes featured by many luxury brands in Paris this year.
EXEC: VF Corp. CEO Bullish on Return to Growth as TNF and Timberland Both Shine in Q1
On VF Corp.’s fiscal Q1 analyst call, CEO Bracken Darrell spent much of the time discussing VF’s progress on the goal of returning the company to growth, highlighted by sales expanding 5 percent at The North Face in the period and 9 percent growth at Timberland on a currency-neutral basis. Vans’ sales were down 14 percent due to channel rationalization efforts.
EXEC: China Retailer Pou Sheng Warns on Further Mainland Market Slowdown
Pou Sheng, the Chinese retail subsidiary of Yue Yuen, said a “further slowdown in sales momentum in the mainland China market” is expected to cause sales to decline 8.3 percent in the first half, to RMB 9.16 billion ($1.28 bn). Profits are expected to decline 44.1 percent to RMB 187.6 million.
EXEC: Adidas Confirms Outlook but Q2 Sales Miss Estimates
In euro terms, revenues grew 2 percent y/y to €5.95 billion. The company also noted that the strengthening of the euro against several currencies resulted in an unfavorable translation impact of ~ €300 million in the quarter.
EXEC: GlobalData Sees Adidas Taking Further Share from Nike in 2025
In an update on the global apparel sector, GlobalData forecasts Adidas will “remain one of the biggest winners within the global apparel market in 2025,” taking market share from Nike. Other share gainers within the sportswear category, including apparel and footwear, are expected to be New Balance, Skechers and Shein.
EXEC: Loop Tackle Promotes Jim Coates to CEO as Sim Moves to Conservation Role
Coates has served as the Loop Tackle’s president and COO since 2024 and now succeeds Gordon Sim, who led the company for more than 12 years and will transition into the new role of chief conservation officer.
EXEC: Goldwin Inc. Affiliate Makes Strategic Investment in Ambercycle, Inc.
This new investment marks a milestone for Ambercycle, as its cycora technology enters the fashion industry, one of the most technically advanced and quality-focused textile markets, for the first time.
EXEC: Decathlon to Double India Sourcing to $3 Billion by 2030
The French sporting goods company said that by the end of 2030, the retailer will source 15 percent of its goods from India, with the growth driven by “high-potential” categories such as footwear, fitness equipment and technical textiles.
EXEC: Shimano Lowers Full-Year Guide as China Bike Weakness Offsets Europe Jump
In China, the economic recovery was said to have remained lackluster, mainly due to the impact of the prolonged recession in the real estate sector and a slump in personal consumption. In Europe, personal consumption was described as “strong.”
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