SGB Executive Footwear
EXEC: Stella Int’l Q2 Footwear Shipment Volume Accelerates, Driven Mainly by Sports Segment
The manufacturer of footwear for Nike, Saucony, Under Armour, Merrell, Timberland and Ugg said Footwear Manufacturing shipment volumes in the second quarter rose 4.1 percent year-over-year and increased 3.8 percent year-over-year for the first half period.
EXEC: Coats Group to Acquire OrthoLite in Move to Reshape Footwear Components Market
The London-based thread manufacturer reached a definitive agreement to acquire U.S.-based footwear insole maker OrthoLite for $770 million, including debt. The acquisition is reportedly designed to “accelerate the London-based thread manufacturer’s ambition to become a leading supplier of materials to the footwear industry.”
EXEC: Fila Brand Delivers MSD China Retail Growth in Q2 for Anta Sports
Retail sales, in retail value, for the Fila brand in China increased in mid-single digits year-over-year in the second quarter, a moderation from the high-single-digit trend in the first quarter.
EXEC: Li Ning Posts LSD Growth in China Retail Sales in Second Quarter
The Offline channel, which includes retail and wholesale, registered a low-single-digit increase. Retail (direct operation) declined by mid-single digits, while Wholesale (franchised distributors) increased by low-single digits. The E-commerce channel registered mid-single-digit growth.
EXEC: JD Sports Fashion Reports Exit of Non-Executive Board Director
Helen Ashton, a non-executive director of the company’s Board of Directors and chair of the Board’s Audit and Risk Committee, has reportedly notified the company of her intention to step down to focus on other commitments.
EXEC: Top Asia FW Factories See Improving Shipment Trends in June 2025
Feng Tay Enterprises, one of the longest-tenured producers of Nike footwear, saw manufacturing revenues decline 3.1 percent year-over-year (y/y) in June after cratering 23.4 percent in May. Yue Yuen Manufacturing increased 9.4 percent y/y in June after increasing just 0.5 percent y/y in May.
EXEC: Asics’ Onitsuka Tiger Business to Get Dedicated Facility in Japan
Sanin Asics Industry Corporation, a Japanese domestic shoe manufacturing facility, is being renamed Onitsuka Innovative Factory Corporation and will become a dedicated production base for Onitsuka Tiger.
EXEC: Le Coq Sportif Sold in Bankruptcy Proceedings
A group led by Franco-Swiss entrepreneur Dan Mamane, have committed to investing an initial €70 million (US$82.1 million) into the company to revive its growth. Alexandre Fauvet, a former executive vice president at Lacoste and previously the chief executive of skiwear brand Fusalp, will serve as Le Coq Sportif’s new CEO.
EXEC: Former Brooks CEO Jim Weber Highlights Key Leadership Traits
At a keynote session held during Switchback Spring, which took place from June 16-18 at the Gaylord Opryland Resort & Convention Center in Nashville, Tennessee, Jim Weber, former CEO of Brooks Running, listed focus, curiosity and trust as his “winning” trifecta formula for leadership success.
EXEC: Footasylum Sees Strong Fiscal 2025 Results Continue into Current Year
Total sales for the first 21 weeks of fiscal 2026 are up 10.5 percent year-over-year and are reportedly “tracking slightly ahead of plan.” Footasylum’s exclusive brands were up 17 percent year-over-year for the 21-week YTD period.
Onitsuka Tiger Opens Flagship in Paris
Set within the historic Travellers Paris building at 25 Avenue des Champs-Élysées, the store spans two levels and features Tiger Yellow accents, raw concrete, and vibrant yellow glass. The ground floor houses Café Onitsuka Tiger a takeaway destination serving food and beverages.
EXEC: Trump Announces New Trade Deal with Vietnam
The revised deal includes the elimination of Vietnam tariffs on U.S. goods and a higher tariff on Vietnam shipments to the U.S, although it amounts to less than half of the 46 percent tariff imposed by the Trump Administration in early April.
EXEC: Citi Survey Finds Adidas’ Brand Perception Catching Up to Nike
Citi Research’s latest quarterly Global Sporting Goods Survey found that Nike out-ranked Adidas in terms of intent to purchase and is the athletic brand consumers perceive as the most innovative in North America. However, Adidas tied Nike for the highest Net Promoter Score (NPS) among athletic brands in June, highlighting the popularity of Adidas’ Terrace franchises
EXEC: Nike, Inc. Forcing Australia’s SurfStitch Into Liquidation
Nike claims SurfStitch owes it $237,760 and is demanding that the company be placed into liquidation. Edwin Narayan and Domenic Calabretta, from Mackay Goodwin, were appointed as administrators earlier this month to sort out the retailer’s finances.
EXEC: Nike Inc. CEO Expects $1 Billion Hit from Tariffs; Sees Turnaround Progressing as Planned
Nike, Inc. continues to face headwinds in its turnaround efforts, including an estimated $1 billion hit from tariffs. However, the company’s first-quarter guidance came in better than expected. Nike officials told analysts that its steps to reengage wholesale partners are paying off, with holiday bookings up. Shares of Nike in mid-day trading Friday, June 27, were up about 17 percent.
