SGB Executive Footwear
EXEC: UA’s Kevin Plank Won’t Take Shortcuts in Premiumization Efforts
Under Armour disappointed investors by lowering its sales outlook for the fiscal year due to deteriorating traffic trends in North America and Asia Pacific amid an increasingly promotional marketplace. However, Kevin Plank, UA’s CEO, told analysts the brand remains committed to full-price selling and won’t be turning to markdowns to drive volume. He said, “That’s not the outcome we wanted on the top line, but it does reflect a business that is more disciplined and flexible than it was just a year ago.”
EXEC: Black Diamond’s Neil Fiske Sees Full-Price Focus Paying Dividends
On Clarus Corp.’s analyst call, Neil Fiske, president, Black Diamond Equipment, said Black Diamond’s sales grew 9.1 percent in the second quarter, reflecting robust growth across major categories and double-digit gains in Europe that offset more modest growth in North America. Black Diamond’s earnings also improved sharply due to tariff refunds and higher full-price selling. […]
EXEC: JD Sports Fashion Names Former Ikea CEO as New Board Chair
Peter Agnefjäll is currently non-executive director of WPP and was a member of the Board of Directors at Orkla from 2018 to 2026. His previous non-executive roles also include footwear retailer Deichmann and Wizz Air.
EXEC: Onitsuka Tiger Opens Flagship in Japan
Asics opened an Onitsuka Tiger flagship store on August 7 in Japan near Nagoya Station, marking the lifestyle brand’s second largest store since the opening of a flagship in the Shinjuku district in July. The two-level location spans two floors and brings the brand’s entire portfolio together under one roof, including its Heritage retro offerings, […]
EXEC: The North Face Shortfall Cuts into Fiscal Q1 Results at Japan Brand Owner
The Tokyo, Japan-based company, which first began importing The North Face into Japan in 1978 and acquired its Japanese and South Korean trademark rights in 1995, said net sales declined due to sluggish with in-store sell-through of summer merchandise at wholesale retail outlets.
EXEC: Misto Expands Fila’s Malaysia Retail Presence with New Premium Stores
The Misto Malaysia subsidiary has opened four new Fila stores during the first half of the year across major commercial districts, including Kuala Lumpur and Penang. The new store located at Gurney Plaza, Penang’s premier shopping mall, operates as Southeast Asia’s very first Fila 1911 Store.
EXEC: ThredUp Shares Halved after Lowering Back Half Guidance
The company delivered another quarter of year-over-year (y/y) growth in Q2, its seventh consecutive quarter of growth, but the company saw shares fall 48 percent in the company’s second-quarter conference call with analysts to review results and dig into the business behind the top-line figures.
EXEC: Under Armour and Mizuno’s Brazil Partner Sees Q2 Sales Up DD on Running Strength
Vulcabras S.A., Brazil’s largest athletic footwear maker with licenses in the region for Mizuno and Under Armour, reported Q2 revenue rose 11.2 percent. Both the Olympikus and Under Armour brand were helped by momentum in running footwear.
EXEC: Nike and Lululemon Face Lawsuits Over Deceptive Pricing
Nike and Lululemon have both been recently hit by lawsuits alleging deceptive pricing strategies, where discounted products are listed at fake, inflated original prices. Both lawsuits were filed by the same law firm, Pacific Trial Attorneys, and seek class-action status.
EXEC: Canada Goose Divests Baffin Boot Business to Canadian Manufacturer
Canada Goose Holdings, Inc. entered into an agreement to sell Baffin, Ltd., the Canadian footwear brand, to L.P. Royer, Inc., a Canadian manufacturer of work and military footwear. Canada Goose acquired Baffin in 2018 as its first step into the footwear category.
EXEC: John Lewis Launches New Sports And Wellness In-Store Shops
The British department store chain has launched a new sports and wellness in-store concept, aiming to “become the first UK retailer to combine sportswear, footwear, wearable technology, recovery, AI-powered fitness, and expert services in one location.”
EXEC: Bogs Returns to Wholesale Growth in Q2, Seen Benefiting from Seamless Construction
Weyco Group, Inc. reported its Bogs outdoor boot brand saw its first sales gain in a quarter since the fourth quarter of 2021. Thomas Florsheim, Weyco’s chairman and CEO, expects Bogs sales to continue to expand in the second half due to healthy demand for its seamless-constructed rubber boots.
EXEC: Nike Downgraded to “Underweight” by J.P. Morgan
J.P. Morgan downgraded Nike, Inc. from “Neutral” to “Underweight.” Analyst Matthew Boss believes that Wall Street is “mis-modeled” on the athletic giant, believing the financial headwinds will drag down profitability through fiscal 2028.
EXEC: Descente Scores Record Fiscal Q1 Profits on China Gains
Descente, owned by Japanese trading house Itochu Corp, reported record profits in the fiscal first quarter ended June 30, mainly due to an increase in equity earnings through its Anta-led Chinese joint venture.
EXEC: KPMG Says Parents Still Prioritizing Sports Participation Despite Rising Costs
Parents are making more deliberate tradeoffs in how they allocate their back-to-school budgets amid widespread inflationary pressures, but seven in 10 still plan to protect sports participation, according to the Consumer Pulse Back-to-School 2026 survey released by KPMG LLP, the U.S. audit, tax and advisory firm.
