SGB Executive Apparel

EXEC: Citi Survey Finds Adidas’ Brand Perception Catching Up to Nike

Citi Research’s latest quarterly Global Sporting Goods Survey found that Nike out-ranked Adidas in terms of intent to purchase and is the athletic brand consumers perceive as the most innovative in North America. However, Adidas tied Nike for the highest Net Promoter Score (NPS) among athletic brands in June, highlighting the popularity of Adidas’ Terrace franchises

EXEC: Nike Inc. CEO Expects $1 Billion Hit from Tariffs; Sees Turnaround Progressing as Planned

Nike, Inc. continues to face headwinds in its turnaround efforts, including an estimated $1 billion hit from tariffs. However, the company’s first-quarter guidance came in better than expected. Nike officials told analysts that its steps to reengage wholesale partners are paying off, with holiday bookings up. Shares of Nike in mid-day trading Friday, June 27, were up about 17 percent.

EXEC: Sport Obermeyer CEO Kris Kuster Talks Year ‘Round Mountain Opportunities in Ski, Hunt & Fish

Kris Kuster, Sport Obermeyer’s new CEO, spoke with SGB Executive about the opportunities he sees for the company in targeting female hunters and anglers, as well as plans to introduce fashion-forward capsules, including those connected to Obermeyer’s hometown of Aspen, the revamp of its online presence, and the impact of tariffs. Kuster also spoke about the impossibility of replacing Klaus Obermeyer.

EXEC: Cutter & Buck’s Swedish Parent Acquires Austria’s Cotton Classics

Through this acquisition, New Wave Group will strengthen its presence in several Central and Eastern European countries, particularly in Austria, Germany, Switzerland, and the Czech Republic, as well as in other countries in the region. The purchase price amounts to €47.6 million ($55mm).

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.