SGB Executive Outdoor
EXEC: Zumiez Saw U.S. Business Return to Growth in Q1; Sees Global Growth for Year
Looking to Q2, net sales for the North America business for fiscal May increased 2.5 percent year-over-year, while the Other International business decreased 1.1 percent. Men’s was said to be the largest positive comparable sales growth category followed by Women’s.
EXEC: Sportsman’s Warehouse to Focus More on “Warehouse” and Value Moving Forward
The hunting, fishing, camping and shooting specialty retailer is embracing part of its name in a more profound way as 2024 progresses, promising to focus more on the “Warehouse” part of the name to provide more value for cash-strapped outdoor sports enthusiasts
EXEC: DBI Gets Q1 Lift from Topo and Keds While Dress and Seasonal Drag on Retail
DBI also acquired Rubino, a profitable Canadian footwear retailer operating nearly 30 stores, specifically serving the Province of Quebec. Quebec represents nearly one-quarter of Canada’s population, but DBI had no existing presence. Rubino did CN$47 million in 2023.
EXEC: Salomon Opens Two New Stores in Paris Ahead of the Olympics
The first Salomon Sportstyle brand store opened in Paris’ Le Marais neighborhood, joining its recently reported, newly opened Champs-Élysées flagship location.
EXEC: Birkenstock Holding Raises Full-Year Guidance After Strong Q2 Performance
Fiscal Q2 net revenue amounted to €481 million, an increase of 22 percent (+23 percent CC) year-over-year. Revenue growth reportedly benefitted from increased sales of closed-toe silhouettes, which increased to over 25 percent of total revenue compared to the high teens a year ago.
EXEC: Dick’s SG Leadership Details Q1 Comps, House of Sport, 50K Stores, Q2 View
First-quarter comps were reportedly driven by a 2.7 percent increase in transactions and a 2.6 percent increase in average ticket with strength across footwear, athletic apparel and hardlines. DKS will begin to anniversary the higher shrink rates from 2023 in the second quarter.
EXEC: The Nidecker Group Acquires Iconic Skate Brands from Sole Technology
The Nidecker Group, the Swiss-based snowboard company, has reportedly inked an agreement with Sole Technology to acquire its legendary portfolio of skate brands, including Etnies, éS, Emerica, and ThirtyTwo.
EXEC: TAF Parent Completes Acquisition of Germany-Based Lloyd Shoes
Arklyz owns The Athlete’s Foot, Asphaltgold, Intersocks, Arkrod, and several global licenses or wholesale distribution for Salomon, Head, Nordica, Mammut, Crocs, Adidas, HeyDude, and others.
EXEC: Kona Founders Talk Return to Brand in Open Letter
The founders wrote in a letter to industry friends that there are still many familiar faces specialty bike retailers should know from “epic dealer launches, My Kona videos and trail days who are dedicated to the cause.”
REI Chicago Union Workers Disrupt Anniversary Sale, Walk Off Job
REI Union Chicago workers walked off the job this on Saturday May 18, during the retailer’s annual Anniversary Sale, demanding the retailer reach a “fair contract” by the end of 2024.
EXEC: Tom Cove to Retire from SFIA Leadership Post in October
Always the gentleman, always understated and always a class act, Tom Cove let slip this week that he will retire from his leadership role at the SFIA, the Sports & Fitness Industry Association, formerly SGMA, in the fall.
EXEC: CEO Kevin Plank Outlines Dramatic Turnaround Plan for Under Armour
With some apparent aggravation on what the brand has become, Plank noted that Under Armour has become a brand that competes primarily on price versus what should be its core competency—performance and technical innovation.
EXEC: Descente Ltd. Fiscal Year Profits Increase in Double Digits on Solid Sales Growth
Net sales for the fiscal year increased 5.3 percent to ¥127.0 billion reportedly due primarily to growth in DTC net sales that expanded the channel composition ratio, sales growth in South Korea, and China’s incorporation of Le Coq Sportif Co., Ltd. into consolidated results from the previous fourth quarter.
EXEC: Industry Organizations Push Back on Biden Administration’s Tariff Decisions
The decision to maintain Section 301 China tariffs and implement new tariffs has U.S. retail and brand companies up in arms over the decision released this week by the Biden administration.
EXEC: Giant Group Sees Improving Bike Picture as April Shipments Close to Flat
The 1.75 percent year-over-year decline was the smallest year-over-year decrease in sales since April 2023 when sales grew 20.3 percent to NT$7.03 billion. First quarter results that were down 20.3 percent.
