Author: Thomas J. Ryan

EXEC: Nike’s Share’s Crash As Inventories Pile Up

EXEC: Nike’s Share’s Crash As Inventories Pile Up

Shares of Nike Inc. are down about 12 percent in mid-day trading Friday after the company reported better-than-expected results for the first quarter ending August 31 on healthy demand but warned that gross margins would remain under pressure through the year as promotions would be required to clear bloated inventories. Inventories ended the quarter ahead 44 percent year over year, including 65 percent in North America, its largest market. (Read More)

EXEC: VF Delivers Upbeat Five-Year Growth Plan, Cuts FY23 Outlook

EXEC: VF Delivers Upbeat Five-Year Growth Plan, Cuts FY23 Outlook

VF Corp.'s management team forecasted healthy growth under its new five-year plan announced during Investor Day, its first since 2019. However, it slashed its outlook for the current fiscal year primarily due to continued underperformance by Vans and an expected greater promotional environment than anticipated in North America in the back half of 2022. (Read More)

EXEC: JD Sports North American Operations Stung By Supply Shortages In Half

EXEC: JD Sports North American Operations Stung By Supply Shortages In Half

JD Sports reported earnings before tax and exceptional items declined 46.9 percent in the first half of its North America operations, which include Finish Line, Shoe Palace, DTLR, and JD locations. The company attributed the decrease to the lack of fiscal stimulus that boosted year-ago results and the supply shortage from major international brands. (Read More)

EXEC: Columbia Sportswear Sets Ambitious Three-Year Growth Targets

EXEC: Columbia Sportswear Sets Ambitious Three-Year Growth Targets

In its first Investor Day in its 84-year history, Columbia Sportswear Co. outlined a broad strategy to increase sales by 9 percent to 11 percent and EPS by 12 percent to 15 percent on a Compound Annual Growth Rate (CAGR ) from 2022 to 2025. The gains are expected to be led by footwear, international expansion and digital sales growth. (Read More)

EXEC: Outdoor Participation Holding Onto Pandemic-Influenced Gains

EXEC: Outdoor Participation Holding Onto Pandemic-Influenced Gains

Outdoor participation has proven sticky as participation grew in 2021, according to the Outdoor Foundation's recently released 2022 Outdoor Participation Trends Report, which showed that outdoor participants increased by 6.9 percent since the pandemic began in early 2020, with the number of new and returning (lapsed) outdoor participants up 26 percent. (Read More)

EXEC: Clarus Doesn’t See “Super Fans” Trading Down

EXEC: Clarus Doesn’t See “Super Fans” Trading Down

Speaking at the Raymond James Consumer Conference, John Walbrecht, president at Clarus Corp., said he doesn’t expect the company’s portfolio of premium brands, such as Black Diamond Equipment and Sierra Bullets, to be significantly impacted by inflationary pressures because of “super-fan” enthusiasts’ affinity to their sport and their favorite brands. (Read More)

EXEC: Nike Highlights Consumer Direct Acceleration Progress

EXEC: Nike Highlights Consumer Direct Acceleration Progress

At Nike’s annual meeting held in its headquarters in Beaverton, OR, John Donahoe, president and CEO, said the company continues to see “structural tailwinds," including the consumer's movement toward health and wellness as well as toward digital, helping empower its Consumer Direct Acceleration (CDA) strategy. Nike officials also discussed innovation success, China's recovery and supply chain disruption. (Read More)

EXEC Q&A: Shoe Carnival’s CEO Mark Worden

EXEC Q&A: Shoe Carnival’s CEO Mark Worden

Shoe Carnival is on a roll, with earnings for the first half of 2022 surpassing all full year of earnings in the 44 years since its founding, except for 2021. SGB Executive talked with Mark Worden, the family footwear chain's CEO since 2021, about the company's strengths in the apparel footwear category, recent success elevating margins and overall momentum. (Read More)

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