SGB Executive

EXEC: Skechers Bullish On Market Share Gains

EXEC: Skechers Bullish On Market Share Gains

In a meeting at Morgan Stanley's Global Sporting Goods Day, ​John Vandemore, Skechers' CFO, said the company is well-positioned to gain market share in the challenging economic climate and benefitted from major footwear brands reducing their wholesale distribution to emphasize direct-to-consumer growth. (Read More)

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)

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