SGB Executive Footwear
EXEC: November FW Factory Shipments Soar as Key Nike Factory Posts DD Growth
Yue Yuen’s manufacturing business, which boasts Adidas, Merrell, Asics and many others as key customers, posted a 17.0 percent increase in November, while Feng Tay, a major Nike supplier, returned to positive territory delivering 10 percent growth year-over-year.
EXEC: Authentic Partners with Orbico Group to Manage Champion Brand in EMEA Region
Orbico has focused on and successfully operated in the Sports Style category, becoming an exclusive distributor for leading footwear brands in Central and Eastern Europe, including Converse, Dr. Martens, Merrell, and On.
EXEC: Puma Opens New Creative Hub at Global Headquarters in Germany
Studio48 is a new creative hub at its headquarters in Herzogenaurach, Germany where Puma’s designers and creatives can come together to freely develop new ideas and create concepts for new performance and Sportstyle products as well as campaigns.
EXEC: Macy’s Completes Investigation into Accounting Issues; Lowers Q3 EPS Guidance
The retailer is now reporting it is revising its EPS guidance downward, an announcement that sent M shares tumbling nearly 10 percent in pre-market trading on Wednesday, December 11.
EXEC: Adidas HQ Raided Amid On-Going Tax Probe
Adidas has reassured stakeholders that it has compiled and has been cooperating with authorities over an extended period, furnishing them with the documentation and pertinent information required to the tax investigation.
EXEC: Sportsman’s Warehouse Beats Q3 Estimates; Raises Full Year Guidance
The retailer is one of the few beating estimates on the top- and bottom-line in Q3, surpassing revenue estimates by nearly $24 million and beating EPS estimates by 6 cents a share in the period. The results sent SPWH shares up in after-hours trading.
EXEC: Academy Execs Talk Q3 Results, Q4 Hopes and 2025 Initiatives, Including Big Nike Boost
The plan to expand the Nike busineess, along with a number of other key brand initiatives, is to launch in April with full assortments of men’s, women’s, and kids’ across footwear, apparel, and accessories along with a strong statement of sporting goods.
EXEC: Sports Direct Parent Frasers Makes Play for Nordic Region Sports Retailer
Michael Murray, CEO of Frasers Group, offered, “Our strategic vision and industry experience position us uniquely to help XXL navigate its current challenges. We are committed to ensuring that XXL reaches its full potential.”
EXEC: Sports Direct Parent Fraser Group Cuts FY Guidance on Consumer Headwinds
The UK-based parent of the Sports Direct, Flannels, Jack Wills, House of Fraser, and Gieves and Hawkes retail brands saw shares fall over 10 percent on the LSE after the global sports and lifestyle retail giant issued a profit warning for the full-year.
EXEC: Foot Locker Sees Nike Softness in Q3 While Adidas, NB, Asics, On, and Hoka Shine
Management pointed out that Foot Locker returns to growth with Nike on an allocation basis during the holiday season and also have a favorable launch calendar.
EXEC: Nike to Wind Down Digital Sneaker Design and NFT Company RTFKT in January
RTFKT has also announced its plan to wind down operations by January 2025 on X (fka Twitter), noting it would release one final collection, Blade Drop.
EXEC: JD Sports Completes Acquisition of Largest Sneaker Retailer in France
The company has completed its acquisition of Groupe Courir S.A.S. following receipt of conditional clearance from the European Commission on October 22, 2024 and the satisfaction of all other outstanding conditions.
Reports: Black Friday Online Shopping Breaks Records as Brick & Mortar Traffic Wanes
At first glance, it appears that Black Friday weekend did not materialize as hoped or expected this year as e-commerce came out the clear winner for Black Friday and brick & mortar sales suffered for the official start of the Christmas holiday shopping season.
EXEC: Golden Goose Gets Double-Digit EBITDA Boost in YTD Period as DTC Stores Lead
EMEA accounted for 49 percent of the Group’s net revenues in the YTD period, while the Americas contributed 38 percent in total revenues. The Americas region posted double-digit growth in the DTC channel due to new store openings and positive retail year-over-year comps.
EXEC: Sports Direct Parent Set to Acquire South Africa’s Holdsport Group
Frasers Group, the parent of UK-based Sports Direct, has closed on an agreement to acquire South Africa-based Holdsport Group from Old Mutual Private Equity and Holdsport’s management.
