Author: SGB Executive

Inside The Call: Foot Locker Looks To Address “White Spaces” With Duo Acquisitions

Inside The Call: Foot Locker Looks To Address “White Spaces” With Duo Acquisitions

On an analyst call, Dick Johnson, chairman and CEO of Foot Locker, said the acquisitions of WSS and Atmos “fill in some of the white space” available to Foot Locker beyond its core sneaker and sport culture segments. WSS provides a deeper reach into the classics footwear category and the Hispanic demographic. Tokyo-based Atmos provides a strong foothold in boutique streetwear that could kick-start expansion in Asia. (Read More)

Inside The Call: Vans’ Bounce Back Boosts VF’s Q1 Results

Inside The Call: Vans’ Bounce Back Boosts VF’s Q1 Results

VF Corp. raised its outlook for its fiscal year after reporting results in the first quarter ended June 30 came in well ahead of expectations, helped by signs of recovery at Vans and continued strength in digital. The outlook reflects stronger-than-expected order books for its four primary brands, which also include The North Face, Timberland and Dickies, and strength at two emerging brands, Altra and Smartwool. (Read More)

North America Improving For Fjällräven’s Parent In Q2

North America Improving For Fjällräven’s Parent In Q2

In his quarterly note to shareholders, Martin Nordin, CEO of Fjällräven’s parent Fenix Outdoor International said the company saw continuing improvement in the second quarter in North America, especially with its direct-to-consumer segment sales nearly back to 2019 levels. However, weakness in Kanken backpacks continues to hold back a more meaningful recovery.  (Read More)

StockX Sees New Categories Accelerate First-Half Growth

StockX Sees New Categories Accelerate First-Half Growth

In its mid-year report, StockX revealed another period of explosive growth with the help of expansion into categories beyond sneakers. The report also details the fastest-growing brands across core categories including sneakers, electronics, collectibles, apparel, and accessories. Said StockX CEO Scott Cutler, “There are strong synergies between our core sneaker enthusiasts and those customers who are passionate about apparel, accessories, collectibles, and gaming." (Read More)

RBFF Fishing Study Finds Spike In First-Time Fishing Participants

RBFF Fishing Study Finds Spike In First-Time Fishing Participants

A new study from the Recreational Boating & Fishing Foundation (RBFF) found that first-time fishing participants climbed to 4.4 million in 2020, a surge of 42 percent year-over-year. Like patterns seen in other outdoor activities, fishing reached new and diverse audiences as individuals picked up the sport as a remedy for COVID-19-related stress and anxiety. (Read More)

IHRSA Annual Report Finds Fitness Industry Flexing To Rebound

IHRSA Annual Report Finds Fitness Industry Flexing To Rebound

The IHRSA (International Health, Racquet & Sportsclub Association) estimated that the U.S. fitness industry lost $20.4 billion in revenue in 2020, just one year after generating an all-time high of $35 billion, according to the organization's recently released 2021 IHRSA Global Report. However, the report outlined reasons to be optimistic for the industry's prospects partly as health became a higher priority during the pandemic. (Read More)

Deloitte: Back-To-School Spending To Reach Highest Level In Years

Deloitte: Back-To-School Spending To Reach Highest Level In Years

Deloitte's 2021 Back-to-School Survey*, found that back-to-school spending at Kindergarten through 12th grade (K-12) will grow 16 percent this year, reaching its highest level in recent years as clarity surrounding the upcoming school year and consumer sentiment rise. Deloitte joins a chorus of others forecasting a strong rebound in back-to-school selling. In a separate survey, Deloitte found a more modest recovery for back-to-college spending, up 5 percent. (Read More)

ABG Looks To Further Deconstruct Brand Building With IPO

ABG Looks To Further Deconstruct Brand Building With IPO

In the prospectus for his company’s IPO, Jamie Salter, founder and CEO of Authentic Brands Group (ABG), discussed how he came up with the digital-first licensing platform that he believes “deconstructs and reconstructs” the traditional brand-building model. He wrote, "I came to realize that most brands were structured for a different era — before the speed of digital and the complexity of global; antiquated, and ultimately difficult to retool as the market and the consumer evolves." (Read More)

KPMG Study Predicts Spike In Back-To-School Spending

KPMG Study Predicts Spike In Back-To-School Spending

The 2021 school year will see a return to normalcy with in-person school resuming across the country, according to KPMG’s "Welcome To The New “Back To School” survey. Spending for pre-school and college students is expected to spike 32 percent and 13 percent, respectively, compared to 2020. Spending for middle school and high school students is only expected to be up 3 and 4 percent respectively. (Read More)

Encouraging Signs For Ski From Latest SIA Report

Encouraging Signs For Ski From Latest SIA Report

In SIA's first report of 2021 on the impacts from COVID-19, snowsports enthusiasts were found to overestimate their ability to participate in their favorite winter activities in the recently wrapped up 2020/21 season. However, they made snowsports-related purchases at a higher rate than expected heading into the season and were excited about the 2021/22 season. (Read More)

Post Your Product Stories Here

GO HERE to learn more about the SGB Media PR Portal Partner Program for brands, PR agencies, PR managers and other marketing professionals.

CONTACT US HERE to apply to start posting your own Press Releases.

Latest SGB Today Product Stories

Pin It on Pinterest

Share This