SGB Executive Apparel
EXEC: Adidas CEO Clarifies U.S. Pricing Position; Will Wait for Competitors’ Moves
On Adidas’ first-quarter analyst call, Bjørn Gulden CEO, said Adidas hasn’t yet raised prices on U.S. products due to the U.S. tariffs but expects to should the tariffs remain and only after other brands raise prices. He said, “I have seen that certain press is writing that Adidas is raising prices. That is, of course, not true.”
EXEC: Big 5 CEO Expects Little Near-Term Tariff Impact Due to Early Q2 Receipts
Second quarter-to-date sales are reportedly down in the high-single-digit range, in part reflecting an approximate negative 400 basis point impact from one less sales day in the period-to-date due to the Easter calendar shift.
EXEC: Nordic SG Retailer XXL Returns to Growth in Q1 Despite Weather Issues
The general availability of products improved in the quarter, said to be driven by increased quantities of products on lower price points, especially within Private Label. The inventory was stable in value at quarter-end.
EXEC: Sebago Parent BasicNet Sees Slight Revenue Decline in Q1
The Turin, Italy-based parent of the Kappa, Robe di Kappa, K-Way, Superga, Briko Jesus Jeans, Sabelt, and Sebago brands reported Q1 consolidated revenues were €98.3 million, down 3.3 percent from €101.6 million a year ago.
EXEC: Li Ning Posts Low-Single-Digit Retail Sales Gain in First Quarter
Li Ning Company, Ltd. reported that retail sell-through for the first quarter for Li-Ning POS, excluding Li-Ning Young, increased in the low-single digits year over year.
EXEC: William Blair Tackles Tariff Realties in Latest Management Survey
Blair said that for now, the best solution seems to be a well-diversified supply chain across multiple jurisdictions, potentially with built-in redundancies to allow for nimbleness.
Nike, Inc. Sued Over NFT Investor Losses Incurred After Closure of RTFKT Unit
The company is now being sued by purchasers of NFTs (non-funglible tokens) that originated with Nike’s December 2021 acquisition of the RTFKT, a virtual sneaker design company and studio for NFTs.
EXEC: Adidas Brand Posts 17 Percent Sales Gain in Q1 Excluding FX Shifts
Excluding Yeezy sales in the prior year, currency-neutral revenues for the Adidas brand increased 17 percent y/y for the quarter, driven by double-digit y/y growth across all markets and channels.
EXEC: Wall Street Reacts to Tariff News but Port Traffic Decline May Reflect a Sad Reality
The Dow and the S&P 500 both bounced on April 22 after U.S. Treasury Secretary Scott Bessent, Trump’s primary negotiator on tariff deals, said that he believes the Administration’s ongoing tariff war with China will de-escalate soon because the rift is not sustainable.
EXEC: Rhone Takes Unique Approach to Engaging with Customers Over Tariff Issue
Rather than the possibility of dropping tariffs on customers down the road the company lays out expectations and engages with them. And if you sell a few more shirts, shorts and pants along the way, so much the better.
EXEC: Analysts Make Tariff Impact Calls on Footwear and Apparel Stocks
Those experiencing price target cuts included Birkenstock, Crocs, Inc., Foot Locker, Nike, On Holding, Skechers, VF Corp., and Wolverine World Wide. Some of those hit hardest included Boot Barn, Deckers and Under Armour.
EXEC: Saucony Brand Exceeds 40 Percent Q1 Retail Growth in China
MS (China) Sports Company Limited, a direct wholly-owned subsidiary of Xtep International Holdings Limited, operates under licensing and royalty agreements for the Merrell and Saucony brands and subsidiaries in China.
EXEC: Stone Island Q1 Sales Decline Cuts into Moncler Group Growth
The parent of the Moncler and Stone Island luxury sportswear brands, reached consolidated revenues of €829.0 million in the 2025 first quarter, up 1 percent on a constant-currency basis compared with the 2024 first quarter.
EXEC: Sports Direct Inks Retail Agreement to Expand in Australia and New Zealand
Accent Group plans to build a large Sports Direct business in Australia with an initial rollout of at least 50 Sports Direct stores plus online targeted over the first six years.
EXEC: UK-Based Passenger Outdoor Brand Hits Temporary “Pause” in U.S. Market
The action by the UK-based company is said to be both an effort to hit pause due to the issues surrounding the rapidly changing tariff situation in the U.S. and also due to a strategy to focus more on its fast-growing EU business.
