Said Laurent Potdevin, Lululemon’s CEO, at the ICR Conference, “Expect us to be really intentional in how we take a lot of our local stories put them together and have really powerful global stories.”
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Why Walmart Snapped Up ShoeBuy
ShoeBuy’s concentration in footwear and apparel is expected to speed up Walmart’s Jet.com business in its bid to catch up to Amazon.com with online sales.
RetailNext Sees 4 Percent Holiday Sales Increase
The company reported that while December store sales at physical stores were down 10.7 percent on a 13.4-percent decline in shopper traffic, average transaction value (ATV) and sales per shopper metrics were up significantly.
2016 Smashed Previous Gun Sales Record
Background checks conducted for gun purchasers reached 27.5 million in 2016, a new record.
Kohl’s Lowers Fourth-Quarter Guidance
Kohl’s Corporation reduced its guidance due to soft holiday sales. Comparable sales decreased 2.1 percent in the fiscal months of November and December 2016 combined.
Under Armour Adds 30+ Million Connected Users
Under Armour added more than 30 million users to the Under Armour’s Connected Fitness community, ending 2016 with more than 190 million users worldwide. Among the year’s stats for the Connected Fitness community: In 2016, users tracked nearly 800 million workouts and took more than 1.5 trillion steps. According to Under Armour data scientists, it takes an average […]
Nike Battles Back Critics And Competitors
The swoosh’s latest results eased concerns that it’s losing ground to Adidas, Under Armour and newer athleisure players, but can its DTC business shoulder a slowdown in future orders?
Finish Line Takes A Hit On Apparel Sales
Despite gains in its footwear categories, the retail chain lowered its earnings forecast for the year due to subpar sales of apparel and accessories.
Executive Movers & Shakers Of 2016
It was a busy year, including leadership changes at Nike, Adidas, Cabela’s, Giant, Keen, L.L. Bean, Timberland, Vans and VF Corp.
The 2016 Bankruptcy Blotter
The collapse of Sports Authority certainly waylaid the industry, but it was far from the only bankruptcy filing to take place this year.
Dick’s Returns To Sponsor High School Nationals Basketball Tournament
For the fourth consecutive year, Dick’s Sporting Goods will serve as the title sponsor of the High School Nationals Basketball Tournament to be held in New York City.
Is Team Sports Participation Bouncing Back?
While niche sports like rugby and lacrosse continued to lead gains, established, traditional sports including basketball and baseball saw a pickup in recent years.
Champs Sports Campaign Stars Dak Prescott And Desiigner
Episode Two of “The Moment” shows the Dallas Cowboys quarterback leading the audience through his daily routines.
Supreme Court Won’t Review NFL Concussion Settlement
Players who already have been diagnosed with Lou Gehrig’s disease, Parkinson’s, Alzheimer’s or dementia could begin receiving payments for as much as as much as $5 million as part of the estimated $1 billion settlement in 90 to 120 days.
Georgetown Students End Standoff Over Nike
Georgetown students ended a nearly 35-hour sit-in that protest against Nike after the university accepted their conditions that included third-party inspections of Nike’s contractor factories overseas.
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