SGB Executive Outdoor

SGB 2023 Year In Review: Active Lifestyle M&A Activity Slows—Part I

Fewer major deals were executed across the active lifestyle space in 2023 amid rising interest rates and persistent economic uncertainty but several tuck-ins and smaller to medium-size acquisitions were inked. Still, SGB Media found a few key trends expected to continue into 2024.

SGB 2023 Year In Review: Executive Shuffle

New CEOs at Academy Sports, Adidas, Asics, Gap, Kohl’s, Levi’s, Sportsman’s Warehouse, VF Corp., Vista Outdoor, and Wolverine Worldwide headlined the C-suite moves that transformed leadership across the active lifestyle space in 2023.

EXEC: Report Finds Troubling Core Participation Trend in Team Sports

SFIA’s recently released U.S. Trends In Team Sports Report noted that participation in 16 of 23 team sports tracked by the Association has not returned to pre-pandemic levels, and only one sport, soccer, showed Core Participation gains in the 2019-2022 period. However, the SFIA report offered more encouraging findings in team sports trends.

Study: Gen Z and Boomers Most Likely to Shop In-Store

ICSC wrote that while Gen Z grew up with digital and mobile technology, their penchant for in-store shopping at times exceeds that of the generations that grew up shopping in physical stores.

EXEC: McKinsey Identifies Tech Outerwear Among Hot Fashion Trends For 2024

In its The State of Fashion 2024 study, McKinsey & Co. provided a bullish outlook for technical outerwear, stating the category “has been propelled by consumers post-pandemic embrace of healthier lifestyles as well as ‘gorpcore,’ and is likely to accelerate even further in 2024.”

Study: Retailers See Online Sales Boosted by Store Openings

ICSC quantified the impact of opening or closing physical stores on online sales and retailers’ overall performance. Its latest study, the third installment in ICSC’s research on the halo effect of brick-and-mortar retail on online sales, is said to again prove the power of physical retail by demonstrating that a new store boosts online sales, while a closed store impedes them.

Report: Large Deals Driving Recent Outdoor Recreation M&A Activity

Consumer behavior has continued to perplex market participants as each pullback in spending has seemingly been followed by a resurgence of demand in the Outdoor Recreation market. That observation is one of the key points from the most recent Outdoor Recreation Market Update from Capstone Partners.

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

In late November, Craft Sportswear announced plans for a phased relocation of its North American headquarters to Seattle, WA, in 2024 to bolster the brand’s expansion into outdoor and specialty retail and its recent entry into running footwear in the U.S. Craft North America CEO Eric Schenker talked with SGB Executive about Craft Sportswear’s heritage, the run footwear opportunity, and why the CEO has chosen not to move to Seattle.

EXEC: Lululemon’s Tepid Holiday Guidance Overshadows Strong Q3

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.