SGB Executive Apparel
EXEC: Nike Rolls Out Price Increase Schedule
Nike will not raise prices on kid’s products in deference to the upcoming back-to-school (BTS) and holiday seasons. The increases will not affect prices on products costing less than $100.
EXEC: Nike Brand Re-Engages with Amazon to Sell Direct to Customers
In a move that was rumored but few saw coming so quickly, the company will re-introduce sales of Nike brand products on Amazon as early as next week, re-engaging after pulling away in 2019 to focus on building its own DTC business.
EXEC: Arc’teryx Still King at Amer Sports But Growth Trend Moderates
For full-year 2025, Amer Sports expects the Technical Apparel segment revenue, which is primarily Arc’teryx, to increase in the range of 20 percent to 22 percent. Segment operating margin is expected at ~21 percent.
EXEC: VF Q4 Profits Beat Plan as TNF and Timberland Deliver Healthy Growth
While Vans disappointed, VF Corp. saw a robust revenue performance in the fourth quarter by The North Face and Timberland while profits came in better-than-expected due to payback from its Reinvent transformation program. Outerwear as a “standout” for TNF while Timberland’s sales surged 34 percent on a currency-neutral basis in the Americas region.
EXEC: Vans Hits Fiscal Q4 Turbulence as Brand Recovery Falters
Shares of VF Corp. shed ~13 percent Wednesday after the company reported Vans’ sales fell 20 percent on a currency-neutral basis in the fiscal fourth quarter on top of a 27 percent decline in fiscal Q4 last year.
EXEC: New Hibbett Parent JD Sports Sees Shares Fall as Q1 Disappoints
Group comp store, or like-for-like, sales were down 2 percent for the quarter ended May 3. The market also reacted to potential price increases from higher tariffs affecting U.S. consumer purchasing.
EXEC: Salomon Footwear Continues to Boost the Brand and Parent Amer Sports
The Amer Sports Outdoor Performance segment saw revenues increase 25 percent year-over-year to $502 million in Q1, driven by “very strong performance” in Salomon Softgoods and “good results” in Winter Sports Equipment, following a slow start to the winter season.
EXEC: Amer Sports C-Suite Details Small Tariff Impact and FY Guidance Bump
The parent of the Arc’teryx, Peak Performance, Salomon, Atomic and Wilson Sports brands is far less exposed to U.S. market issues than many other brands and has a far larger Asia, China and Europe component than many others that are more U.S.-centric.
EXEC: Fila/Acushnet Parent Sees 4.6 Percent Growth in Q1
Korea-based Misto Holdings, formerly Fila Holdings Corp., reported sales were up 4.6 percent year-over-year in the first quarter as a strong performance of Acushnet, the parent of Titleist and FootJoy, offset ongoing softness at the Fila brand.
EXEC: Nordstrom, Inc. Shareholders Approve Family’s Take-Private Merger Deal
Following the close of the transaction scheduled for Tuesday, May 20, the Nordstrom Family will have a 50.1 percent majority ownership stake in the company, and Nordstrom will become a private company.
EXEC: Canadian Tire to Keep Hudson Bay Company Brand Alive; Acquires Assets
CTC quietly announced Thursday, May 15 that it had entered into a definitive agreement to become the home of iconic Canadian brands and other intellectual property of the Hudson’s Bay Company
EXEC: Asics NA Q1 Gains Led by Perf Run and SportStyle as Global Asics Growth Rocks
The growth across the North America run specialty trade channel in Q1 was said to be due to the “significant demand” for the Novablast family of products, along with strong sales of two key legend models: the Gel-Cumulus and Gel-Nimbus.
EXEC: Dick’s SG and Foot Locker Confirm $2.4 Billion Merger Deal
After seeing the global ambitions grow for JD Sports and Sports Direct, now comes the colonists, with Dick’s Sporting Goods fighting the good fight to protect the motherland from the ambitions of the crown while offering a new global vision for the Dick’s Sporting Goods and Foot Locker brands.
EXEC: Dick’s Sporting Goods, Inc. Makes Bid to Acquire Foot Locker, Inc.
The ywo side confirmed the merger deal the morning of May 15 with a total estimated acquisition price of $2.4 billion.
EXEC: Adidas Shareholders Approve Supervisory Board Chair’s Re-Election
Shareholders at the group’s annual general meeting supported Thomas Rabe’s election for another year with 64.43 percent of votes, securing his sixth year in the role.
