SGB Executive

EXEC: Rip Curl and Oboz Parent KMD Brands Saw Improved Fiscal Q4 Trends

Despite a double-digit sales decline for the year, the company highlighted the improvement in the business throughout the year after first-half sales fell 14.5 percent and Q3 sales declined 11.1 percent, but Q4 saw a significant moderation in the declines to slide 5.0 percent for the May through July period.
 

EXEC: A Look Ahead at Amer’s Q2 Results as Weak China Retail Worries Market

Amer Sports Inc. will report Q2 results tomorrow morning and investors are hoping against hope that the slowdown in China did not have an outsized impact on the company’s performance in the period, and the Arc’teryx brand in particular, which relies heavily on the Greater China market for revenue.

EXEC: Why is Nike Back in Play on Wall Street?

There may be some light at the end of the tunnel for Nike investors after NKE shares tallied their longest winning streak in over eight years, pushed higher by a range of actions.

EXEC: Lolë Brands Acquires Sanuk Footwear from Deckers Brands

Katie Pruitt, who has worked for Deckers for nearly 13 years, including four years with Sanuk, was appointed VP and general manager of Sanuk at Lolë Brands. Lolë said she is the “ideal choice to lead the brand into the future.”

EXEC: Nike Cuts Off Shipments for Türkiye Online Orders

The move by Nike comes as Türkiye’s Ministry of Trade increases the duty paid on shipments valued over €30 to 30 percent from 20 percent, if arriving from EU countries, and to 60 percent from 30 percent if arriving from other countries.