OIA ended its 30-year partnership with Outdoor Retailer trade show this past July and will now support a twice-annual outdoor trade show. The year-round partnership will debut at the inaugural Switchback Spring in Nashville, TN from June 16 to 18, 2025.
Author: SGB Executive
CCM Hockey Agrees to Acquisition by European PE Firm Altor
The Canadian equipment brand owned by Birch Hill Equity Partners agreed to be acquired by the Swedish private equity firm Altor. The transaction is expected to close by the end of 2024.
EXEC: Beyond Yoga Acceleration Seen as Key Focus for Levi Strauss Going Forward
Through a transformational pivot to operating as a DTC-first company, Levi Struss & Co. is narrowing its focus to realize the full potential of the Levi’s brand as well as accelerate Beyond Yoga.
EXEC: Rip Curl and Oboz Parent Taps Former Nike Exec as New CEO
The parent company to the Rip Curl, Oboz and Kathmandu brands has named former Nike executive and current KMD Board member Brent Scrimshaw as its new group CEO. Michael Daly has given notice to the Board of his resignation.
EXEC: Basic-Fit Sees Top 20 Investor Pressure Board to Sell Fitness Company
Buckley Capital Management, LLC and its affiliates are confident that there is significant interest from private equity, and implored Basic-Fit’s management and the Board to initiate a strategic review process.
EXEC: U.S. Now Largest Region for JD Sports; Finish Line Banner to Retire
The parent of the JD, Hibbett, Finish Line, DTLR, and Shoe Palace retail brands in the U.S. and JD and others worldwide saw revenue grow 5.2 percent to £5.03 billion in the first half, including £61 million from 10 days of Hibbett sales.
EXEC: Wolverine World Wide Shares Plunge On Weaker Guidance
Wolverine World Wide, Inc. saw double-digit gains at Merrell in the third quarter, but overall consolidated sales and profitability came in below plan due to supply chain and promotional pressures. Wall Street punished the company in response to its reduced guidance for the year, as WWW shares plummeted more than 34 percent for the day.
Smith & Wesson Sees Fiscal Q2 Sales Hurt By Hunting Rifle Divestiture, Reduced NICS Checks
Smith & Wesson Brands Inc. fell far short of Wall Street expectations in their fiscal second quarter as sales decreased versus the year-ago quarter amid reduced consumer demand and fuller inventories at retail.
NPD Sees Performance Footwear Sales Climb 15 Percent In Third Quarter
The NPD Group reported total U.S. performance footwear sales grew 15 percent in the third quarter while leisure footwear sales climbed at a slightly lower rate. Fashion footwear sales continued to underperform, decreasing high-single-digits.
Dick’s SG Credits Vendor Partners Driving Market Share Gains
Speaking at Goldman Sachs Global Retailing Conference, Lauren Hobart, president and CEO at Dick’s Sporting Goods, said the retailer has been able to grab market share over the past couple of years partly because of investments supporting omnichannel execution but also because key brand partners have been narrowing distribution and bringing more differentiated product to the retailer’s selling floors.
Inside The Call: Zumiez Finds Strength In Apparel Offsets Softness In Skateboards
Zumiez Inc. was able to counter declines in skateboard sales and supply chain hurdles to deliver a revenue gain in the second quarter of 7.3 percent year-over-year and 17.6 percent compared with the second quarter of 2019. Rick Brooks, CEO, told analysts, “It’s been really good to see how the business responded. We’re maintaining our wallet share of our customers’ business.”
Inside The Call: American Outdoor Brands Shakes Off E-Comm Decline In Fiscal Q1 To Post Strong Gains
American Outdoor Brands celebrated another strong set of results for the fiscal first quarter ended July 31 as 16 of the company’s 20 brands delivered growth over the comparable quarter last year and 19 of its 20 brands delivered growth over the comp period two years ago in a pre-COVID world.
Inside The Call: Duluth Trading Unveils Big Dam Blueprint Strategic Plan
While announcing second-quarter results, Duluth Trading unveiled its Big Dam Blueprint strategic plan that recently-appointed CEO Sam Sato expects will guide the apparel chain into a digital-first future. The former Finish Line CEO said the moves are “driven in part by meaningful shifts in consumer behavior.”
Inside The Call: Foot Locker Expects To Navigate Supply Chain Challenges Through Holiday Selling
Foot Locker reported second-quarter sales and earnings that crushed Wall Street targets, led by an uptick in sales from its women’s and kids categories as well as strong full-price selling. Upbeat guidance was also delivered for the second half as recent heightened supply chain risks are seen holding off until the end of the year.
Inside The Call: TJX Q2 Boosted By Improving Momentum In Apparel
The TJX Companies, Inc. reported second-quarter sales and earnings came in well ahead of management’s expectations as gangbuster sales in the home category continued and apparel gains accelerated from its recent momentum. Margins are expected to benefit going forward from continued robust growth and price adjustments.
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal