SGB Executive Footwear

EXEC: Craft North America CEO Talks Gaining Traction in Run Footwear

In late November, Craft Sportswear announced plans for a phased relocation of its U.S. headquarters to Seattle in 2024 to bolster the brand’s expansion into outdoor and specialty retail as well as its recent entry into run footwear in the U.S. Eric Schenker, Craft’s long-time U.S. CEO, talked to SGB Executive about the brand’s heritage, the run footwear opportunity, and why he isn’t heading to Seattle.

EXEC: Lululemon Sees Tepid Holiday Guidance Overshadow Blowout Third Quarter

Lululemon Athletica, Inc. lifted its overall full-year outlook after earnings and sales in the third quarter ended October 29 topped guidance for the third straight quarter but also forecast fourth-quarter guidance that came in lighter than expected in an apparent sign to investors of a potential sales slowdown.

EXEC: Sports Direct Gets Fiscal H1 Boost from New Brands

Frasers Group reported retail revenue increased 4.0 percent in the first half ended October 29 to £2.69 billion ($3.4 bn), helped by a “strong underlying performance” from Sports Direct due in part to the addition of new brands, including On Running, The North Face, Columbia Sportswear and Salomon.

EXEC: Stifel Survey Finds Consumers Prioritize Price/Value Over Sustainability

The survey, which was conducted in partnership with Morning Consult, surveyed active/causal lifestyle brand consumers ages 18 to 55 based in the U.S., UK, Germany, France, and Italy. It found that only one-third of respondents “Highly Prioritize” sustainability when making purchasing decisions, compared to other factors like “Good Value” (68 percent) and “Low Price” (57 percent).

EXEC: Dick’s SG Sees Differentiation Reaping Dividends

Speaking Tuesday at the 2023 Morgan Stanley Global Consumer & Retail Conference, Navdeep Gupta, EVP and CFO at Dick’s Sporting Goods, elaborated on how the retailer’s efforts to further differentiate itself both within product and the store experience is driving market share gains.

EXEC: Eddie Bauer’s CEO Discusses Modernized Rebrand

Eddie Bauer introduced a new brand evolution and redesigned its logo in September, including bringing back “the goose.” Tim Bantle, Eddie Bauer’s CEO, talked with SGB Executive about the refreshed look of the 103-year-old brand, re-embracing its outdoor roots and its heightened focus on wholesale.

EXEC: UK Retail Foot Traffic Rebounds in November

After suggesting the the UK retail market was hampered by stalled consumer spending in October, the British Retail Consortium reportedly saw a recovery in foot traffic in November, with total UK foot traffic down 0.7 percent year-over-year.

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