SGB Executive Apparel
EXEC: Lululemon Sees Analyst Downgrades, Stock Price Cuts Following Bleak Forecast
Lululemon Athletica Inc. suffered two downgrades and saw numerous other analysts slash their price targets on its stock after the the retailer slashed its annual profit forecast and projected second-quarter earnings well below Wall Street estimates.
EXEC: Tilly’s Shreds It and Zumiez Eats It with Fiscal Q1 Performances
Shares of Tilly’s, Inc. jumped 18.6 percent on Thursday, June 4, after reporting one of its strongest quarters to date, while competitor Zumiez saw shares collapse ~24percent in late-afternoon trading on Friday as the action sports retailer offered weak guidance amid signs of a pullback in discretionary spending.
EXEC: Lululemon Co-CEOs Talk Through Hits and Misses Going into Second Quarter
Interim Co-CEO and CFO Meghan Frank said the company saw encouraging signs in Q1 that reinforce that the company is moving in the right direction, but the company faced a few headwinds as the calendar transitioned to the second quarter, revealing a moderating sales trend.
EXEC: Puma Earns Stock Upgrade as Anta Partnership Seen Boosting China Sales
Citi Research upgraded Puma to “Buy” from “Neutral,” citing a “potential major mid-term growth opportunity” in China and following its formation of a strategic partnership with Anta Sports.
EXEC: Authentic Solidifies Position as No. 2 Global Licensor as Company Heads Toward IPO
The company lags only Disney in its licensing prowess. S&P Global Ratings raised the company’s debt ratings, noting that the brand management and licensing firm has expanded revenues and EBITDA at a compound annual growth rate of about 20 percent over the last five years while maintaining its debt leverage levels despite several major acquisitions.
EXEC: Asics Ends Ties with Long-Time Swiss Distributor
Asics and Montana Sport AG jointly announced the end of their Swiss distribution agreement, aligning with the Japanese brand’s wider European distribution playbook. Montana Sport has served as Asics sole distributor to Switzerland since 1991.
EXEC: Sportsman’s Warehouse CEO Talks Q1 Category Details as Retailer Beats Estimates
Net sales for the first quarter were $256.1 million, a 2.8 percent increase versus the Q1 period last year. The increase was seen as a 1.2 percent beat against Wall Street’s 1.6 percent growth estimate. An Adjusted EPS loss of 39 cents per share was a 33 percent beat versus analyst estimates for a 58 cents Adjusted EPS loss.
EXEC: Lenzing AG Promotes Kasperkovitz to CEO
Australia’s Lenzing AG promoted Georg Kasperkovitz to CEO. Kasperkovitz will assume this role in addition to his current function as chief operations officer (COO). He succeeds Rohit Aggarwalm who resigned from the fiber maker for personal reasons in January.
EXEC: Arc’teryx to Open First Store In Denmark
Arc’teryx plans to open its first retail store in Copenhagen, Denmark, next month, as part of the company’s push to open 25 to 30 new stores this year.
EXEC: Li Ning Signs Steph Curry to 10-Year Global Deal to Promote Curry Brand
The 10-year deal with Li-Ning promises to help expand the athlete’s Curry Brand globally. The agreement will include basketball products, athleisure lifestyle wear, the ability for Curry to sign male and female athletes under his brand, and a full golf line. Li-Ning also plans to build Curry Brand stores in the U.S. and in China.
EXEC: SFIA Sees Ripe Conditions for World Cup-Driven Soccer Participation Surge
Ahead of the first World Cup to be hosted by the United States since 1994, the Sports & Fitness Industry Association (SFIA) issued a special “Soccer Spotlight” report detailing that the U.S. has already seen a surge in soccer participation pre-tournament and will likely see a further bump in the current year.
EXEC: Sports Direct Opens First Nordic Flagship in Helsinki
UK-based Sports Direct has opened a 30,000-square-foot store at Citycenter Mall in Helsinki, Finland, marking its store opening in the Nordic region following its parent Frasers Group’s acquisition of Norwegian retailer XXL in the summer of 2025.
EXEC: Genesco Inc. Raises FY Guidance as Q1 Tops Expectations
Genesco Inc., the parent of teen and kids oriented Journeys Group, UK-based footwear retailer Schuh Group, dress and casual brand and retailer Johnston & Murphy, along with a range of other brands under the Genesco Brands Group umbrella, reported a slightly wider loss in the fiscal 2027 first quarter on an adjusted basis. Still, the […]
EXEC: Journeys Talks Expanding Teen Girl Reach Beyond Vulcanized and Lifestyle
Journeys will continue its recent focus on a “wider teen audience interested in style and trend” that Genesco estimates is 6x to 7x larger than the market Journeys traditionally served with its past focus on vulcanized and casual shoes.
EXEC: Haglöfs Appoints Global Director of Wholesale
Swedish outdoor brand Haglöfs AB appointed Marcus Grönberg as global director of Wholesale.mGrönberg, who is based in Stockholm, will take up his new position effective June 1.
