SGB Executive

EXEC: Nike’s Stock Nets “Buy” Upgrade on Leadership Changes

Nike scored its first rating upgrade since news arrived of Elliot Hill’s appointment as CEO. Truist Securities’ Joe Civello believes Nike’s increasingly veteran-driven management team will be able to revive marketing and innovation, including better promoting Caitlin Clark, while further repairing wholesale relationships. Selling direct on Amazon was also cited as a “game-changer” opportunity.

EXEC: Ten Takeaways from SFIA’s 2024 Team Sports Report

SFIA’s 2024 U.S. Trends in Team Sports Report included some concerning findings, including continued deterioration in Core participation, but overall had more positive findings than negative, including momentum behind girls’ participation, improving participation rates for lower-income households, and team sports overall recovering smartly from the pandemic. SGB Media highlights 10 takeaways from the report.

EXEC: Hydro Flask Grows as Osprey Shrinks in Fiscal Q2 Period

Hydro Flask successfully launched into Costco, a key retailer for an expanded target consumer. The brand also reportedly benefited from strong distribution internationally with sales up in all key markets. Hydro Flask reportedly successfully launched its photography accessories line.

EXEC: Is The Vista Outdoor Bidding War Finally Over?

Vista’s Outdoor’s moves over the weekend to find a buyer for the Revelyst outdoor business and receive yet another higher offer for its Kinetic Group ammunition and firearms business should be enough to secure shareholder approval and avoid another hostile bid, according to several analysts following the stock.

EXEC: Footwear Retailers Score Winning Fiscal Q2; BTS Had Solid Start

SGB Media wraps up the fiscal second quarter for footwear sales, as retailers generally delivered a healthy performance across the specialty, family footwear, and sporting goods space—with many helped by strength in athletic brands and a good start to back-to-school selling.