SGB Executive Footwear
EXEC: La Sportiva Opens Store in Arco, Italy
La Sportiva officially opened a new brand store in Arco, Italy, marking its 14th store globally.
EXEC: Anta Completes Deal for Largest Stake in Puma SE
Anta Sports completed its acquisition of a 29.06 percent stake in Puma SE from Artémis SAS, the investment company of the Pinault family, for €1,5 billion ($1.68 bn) in cash. Puma said in a statement that the brand “will continue to operate as an independently managed company. Anta Sports has expressed its full respect for Puma’s sports heritage, distinctive brand identity and corporate culture as well as its independent governance and brand autonomy.”
EXEC: BCG Study Identifies Massive “Wellness” Opportunity for Activewear
A new study from Boston Consulting Group (BCG) finds growth in the activewear industry is slowing but concludes athletic apparel and footwear brands have sizeable, untapped opportunities to extend their reach to the “booming” wellness economy, where consumers are spending more on nutrition, weight loss, fitness experiences, wearables, recovery, and wellness services.
EXEC: Arc’teryx Opens First Climb-Focused Store in Los Angeles
Arc’teryx Equipment opened its first-ever retail concept dedicated exclusively to climbing on Abbot Kinney Boulevard in Venice, CA. The space includes a built-in Grasshopper climbing wall that can be activated for events, with routes and holds updated regularly by local partner Long Beach Rising.
EXEC: Dr. Martens Appoints Global Commercial Finance Director
Dr. Martens appointed Kate Vacovec as global commercial finance director. She joins the British footwear brand from Yum! Brands, best known for its three core brands: Pizza Hut, KFC and Taco Bell.
EXEC: Nike, Inc. Faces More Share Price Target Cuts and Another Downgrade
The company earned one downgrade and a multitude of price cuts and downward EPS revisions following its fiscal first-quarter report that saw sales come in lower than expected and guidance come in well below analyst targets. Most analysts don’t expect a positive sales inflection until fiscal year 2028 or calendar year 2028 at the earliest.
EXEC: Salomon Opens Store in Liverpool
Salomon has opened a store in Liverpool, marking its first full-price UK location outside London.
EXEC: Golden Goose Appoints Burberry Exec as Chief Consumer Officer
Golden Goose appointed Giorgio Belloli, formerly at Burberry and Farfetch, as chief consumer officer. The executive will oversee CRM, digital channels and omnichannel strategies.
EXEC: Sports Direct Parent Frasers Group Acquires Minority Stake in Under Armour
UK-based Frasers Group, led by CEO Michael Murray and majority owned by his father-in-law, retail takeover king Mike Ashley, has a reputation for buying meaningful stakes in major sportswear and fashion brands, particularly those facing near-term market headwinds, as a speculative investment.
EXEC: Nike Details Turnaround Tactics for Sportswear, China, Jordan
Nike Inc. saw strength across performance categories in the fiscal first quarter ended August 31, but double-digit declines across sportswear, the Jordan brand and within China triggered a sales shortfall. Continued weakness in those areas, along with related moves to cut inventories, caused Nike to provide FY27 guidance sharply below analyst targets but Nike’s officials spelled out several steps being taken to revive top-line momentum.
EXEC: Nike to See More Cuts with New “Pace” Restructuring Program
While sharply reducing its guidance for the current year, Nike Inc. announced yet another multi-year restructuring and operating-model overhaul, called Pace, designed to make the company faster, more locally responsive, and lower costs. Nike didn’t disclose the likely number of affected jobs.
EXEC: Adidas AG Lands on Deutsche Bank’s Top Picks List for Q4
Deutsche Bank ranked Adidas among its top European stock picks for the fourth quarter, with the brand expected to continue to benefit from successful innovations, broader strength in the sporting goods category, a refocus on wholesale selling, and exposure from the recent World Cup.
EXEC: Mount to Coast Hires First Global Product Line Manager
Hong Kong-based performance footwear brand Mount to Coast hired running shoe veteran Mike Ambrose as its first global product line manager. Ambrose has worked in the endurance industry since 2015, including footwear roles at Nnormal, Black Diamond, and Salomon.
EXEC: Dr. Martens Appoints New General Manager for South Korea
Lee Seungoh will report to Mike Stopforth, the company’s chief commercial officer and will also join the Dr. Martens’ Leadership Team, bringing market-specific expertise to an increasingly global top team.
EXEC: On Expands in Chile with New Santiago Store and First In-Store Run Club
On opened a new store in Chile in Santiago’s upscale Parque Arauco shopping mall. The location replaces a smaller Santiago location with the expanded space expected to support a community hub and new Santiago On Run Club.
