SGB Executive

EXEC: Bain Study Sees Luxury Sector Facing Soft Second Half

Luxury consumption is expected to contract 2 percent to 5 percent for the year, according to a recent report from Bain & Company, across key luxury categories, as price fatigue and macroeconomic turbulence continue to weigh on consumers

EXEC: Switchback Spring Brings Energy Back to a National Outdoor Show

While energy was high and attitude was positive, the show, unfortunately, did not escape the usual backroom banter and aisle talk about the venue’s few shortcomings, particularly about timing. Diversified will need to be cautious about whom they listen to and the motives of those pushing in each direction, as the outdoor industry risks a déjà vu event with this new potential gem.

Report: Nike to Delay Launch of NikeSkims

Reuters is reporting that Nike’s launch of its planned NikeSkims activewear brand in the U.S. has been delayed as the two companies work to get the product right, according to a company spokesperson.

EXEC: Nike Faces Needham Price Target Cut on Slow Recovery

Needham analysts trimmed their price target on Nike to $66 from $75 amid ongoing weakness in brand momentum and a slower-than-expected path to recovery. Needham’s Tom Nikic wrote, “NKE still faces headwinds from rationalizing over-supplied product franchises (Jordan, Dunk), brand heat still appears to be lukewarm, and they now have tariffs to contend with as well.”

EXEC: OIA Study Finds Outdoor Stores Still Missing Emerging Casual Consumers

At a session this week at Switchback Spring being held in Nashville, Kelly Davis, director of research at the Outdoor Industry Association, highlighted new consumer research that shows the outdoor space remains fixated on “Core” consumers at the expense of reaching the more “Active” and “Casual” participants.

EXEC: Havaianas Parent Inks North America Distribution Deal

The company stated that the Distribution Agreement does not foresee any initial cash outflow for either party and will have an initial length of four years commencing from the date of its execution. The agreement may be extended if certain previously agreed-upon metrics are met or by mutual agreement.