SGB Executive Footwear
EXEC: Lululemon Shares Hurt by Analyst Price Target Cuts
Shares of Lululemon Athletica Inc. are down about 20 percent in mid-day trading on Friday, June 6 after the yoga-themed retailer trimmed its earnings guidance for the year as proposed tariffs threaten its supply chain. Lululemon officials on an analyst call remained bullish on Lululemon’s ability to manage the disruption. Calvin McDonald, company CEO, said, “We intend to leverage our strong financial position and competitive advantages to play offense.”
EXEC: Sports Direct Parent Votes Upend XXL ASA General Meeting; CEO Freddy Sobin Ousted
Frasers Group plc, who was represented with 28,776,450 shares and votes, equal to approximately 96.5 percent of the shares and votes represented at the general meeting, may be responsible for moving the managing director of Frasers Group IBML into the XXL Interim CEO role.
EXEC: Journeys Gets Q1 Boost from Athletics Momentum, Saucony’s Return and Hoka’s Arrival
The Journeys comp sales jump in Q1 was largely driven by strength in athletics, supported by low profile and 2000s era running inspired trends, but also bigger athletic inventory investments, including the reintroduction of Saucony and introduction of Hoka.
EXEC: Crocs, Inc. to Emphasize Inventory Controls to Ride Out Tariff Uncertainty
Speaking Tuesday, June 3, at the Baird 2025 Global Consumer, Technology & Services Conference, Crocs, Inc. CEO Andrew Rees said the company will emphasize inventory discipline and maintain margins given the uncertainties created by the trade war.
EXEC: Hibbett Parent JD Sports Enters New Phase of U.S. Brand Consolidation
The owner of the City Gear, DTLR, Finish Line, JD and Shoe Palace retail brands in the U.S. market is ready to move to the next level in its retail brand consolidation here in the Colonies as DTLR and most City Gear stores will be merged under the DTLR brand.
EXEC: Shoe Station Doors to Dominate Shoe Carnival, Inc. Portfolio by 2027
In announcing plans to accelerate the rollout of Shoe Station, Mark Worden, Shoe Carnival’s president and CEO, told analysts that the Shoe Carnival locations, which the retailer has converted to premium Shoe Station concept, are seeing double-digit sales growth and accretive margins across affluent and rural markets.
EXEC: Golden Goose Posts DD First Quarter Growth on DTC Expansion
The Milan-based premium fashion sneaker said Direct-to-Consumer (DTC) net revenue was up 19 percent year-over-year (y/y), accounting for 76 percent of net revenues.
EXEC: Famous Footwear’s Jordan Brand Launch in May Excites Parent Caleres
The Jordan brand is currently exclusive to Famous Footwear in the Shoe Chain channel and early selling is said to be very encouraging. The retailer said it looks forward to even stronger results during Back-to-School.
EXEC: Dick’s SG Senior Execs Talk Foot Locker Deal, Tariffs and Guidance
The retailer had Board chairman Ed Stack on hand to talk about the Foot Locker deal and lay out the argument for its relevance. He will take the lead with the integration teams. CEO Lauren Hobart and CFO Navdeep Gupta dug deep into the weeds on guidance and the impact of tariffs going forward.
EXEC: Dick’s Sporting Goods CEO and CFO Unwind Q1 Analysts’ Questions
Net income dipped 4 percent year-over-year to $264 million, compared to $275 in the prior-year first quarter. Non-GAAP net income was said to be flat.
EXEC: Go Sport and Al Mana Add Key Sporting Goods Execs
Newly appointed leaders Robin Trebbe and Christoffer Jansén are set to transform sports retail operations across the Middle East and emerging markets
EXEC: Deckers Shares Plunge on Weaker Hoka Growth in Q4 and Q1 Guide Miss
The Hoka brand drove a 3 percent year-over-year increase in the DTC business, which was said to reflect “continued strong growth from international regions and a slight decline in the U.S. due to some unique factors in the quarter.”
EXEC: Tariff Worries Overhang NSGA Leadership Conference Energy
Tariffs were top of mind at the NSGA 2025 Leadership Conference but so was confidence that the sporting goods industry would figure out ways to mitigate any fallout. Attendees told SGB Executive that suppliers were so far keeping price increases to a minimum while also ramping up communications with dealers to provide an early read on potential changes.
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.
