James Carnes is expected to directly oversee creative direction, innovation and product excellence, reporting directly to Chief Brand Officer Maria Valdes.
Author: SGB Executive
EXEC: Resale Activity Continues to Boom
Recent surveys found a shift toward secondhand sales accelerating as consumers, particularly younger ones, seek value amid current inflationary pressures. For sellers of new products, a recent university study found that secondhand purchases supplement primary-market consumption rather than replace it.
EXEC: Nike Makes Change at Innovation Chief, Suffers Another Stock Downgrade
Nike Inc. faced a downgrade by Piper Sandler on Friday amid unrelated reports that the brand’s chief innovation officer, Tony Bignell, is departing the company after less than a year in the role.
EXEC: Pou Sheng’s China Retail Business Swings Back to a Negative Trend in March 2026
Net consolidated operating revenue for March 2026 declined 6.3 percent year-over-year to RMB 1.35 billion, compared to RMB 1.44 billion in March 2025. Pou Sheng trades and reports in the Chinese Yuan (RMB) currency.
EXEC: Asia FW Factory Shipments Down in March 2026, Declines Mid- to High-Singles in Q1
Yue Yuen’s manufacturing business, which boasts Adidas, Merrell, Asics, and other footwear brands as key customers, posted an 11.5 percent decrease in March 2026, nearly double the 5.9 percent decline in February 2026. The trend line may have been more about shipment cadence in 2025 rather than issues in 2026.
EXEC: Giant Group March Bike Shipment Decline Moderates on Easier Comps
March shipments declined 17.9 percent year-over-year to NT$5.60 billion, resulting in year-to-date (first quarter) decline of 25.7 percent to NT$12.5 billion and a two-year decline of 22.7 percent versus the March 2024 shipment value.
EXEC: Academy Sports Scores Stock Price Target Upgrades Following Analyst Day
A number of analysts raised their price targets on Academy Sports + Outdoors Inc. following the company’s release of a five-year growth plan at an Analyst Day event, with many more convinced the chain will inflect back to growth this year.
Fashion Resale Platform Vinted’s Revenues Climb 38 Percent in 2025
Vinted, the second-hand fashion platform based in Vilnius, Lithuania, reported sales of €1.1 billion ($1.28 billion) in 2025, a 38 percent year-over-year surge. The platform’s gross merchandise value (GMV) totaled €10.8 billion, up 47 percent year-over-year.
EXEC: Canada’s Roots Corporation Swings to Q4 Profit as Sales Grow in Mid Singles
The Canada-based premium outdoor-lifestyle brand reported total sales of CAD$115.5 million in Q4, up 4.2 percent from CAD$110.8 million in the fourth quarter of fiscal 2024.
EXEC: Skechers Opens First Flagship Store in Copenhagen, Denmark
Located in the heart of Amagertorv, the roughly 7500-square-foot store offers consumers an extensive selection of Skechers products, including its Skechers Hands Free Slip-ins.
EXEC: Ed Stack and Lauren Hobart Talk Foot Locker Remodels, Dick’s House of Sport’s Fine-Tuned Expansion
Speaking on Wednesday, April 8, at J.P. Morgan’s 12th Annual Retail Round Up, Dick’s Sporting Goods’ management team provided a deep dive into the success the Foot Locker business is seeing with its Fast Break remodels and why Dick’s is taking a more measured approach in the rollout of House of Sport locations.
EXEC: Hiplok Names Bicycle Distributor for Europe’s Benelux Region
The move is said to strengthen Hiplok’s presence in Europe, with TCK supporting distribution across independent retailers and key accounts in the Belgium-Netherlands-Luxembourg (Benelux) region.
EXEC: Rapha Appoints Scott Mellin to Board of Directors
British cycling brand Rapha has appointed Scott Mellin, a former Salomon and The North Face executive, to its Board of Directors.
EXEC: Levi Strauss CEO Talks Beyond Yoga’s Complement to Denim Lifestyle Portfolio
Sales at Beyond Yoga increased 23 percent on a reported and organic basis in the fiscal first quarter ended March 1, to $46 million. On an analyst call, Michelle Gass, Levi’s CEO and president, attributed the gains to Beyond Yoga’s DTC result continuing to “show solid momentum.”
EXEC: Colt CZ Appoints Board Member
Prague-based Colt CZ Group SE appointed Martin Durčák as a member of its Board of Directors of Colt CZ. Durčák will be responsible for business development in strategic areas beyond the group’s core product portfolio of firearms, small-caliber ammunition, and energetics.
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