SGB Executive

EXEC: Giant Group Sees Much Improved Q2 Revenue Trend

Second-quarter revenues were down 5.6 percent to NT$21.17 billion, an improvement from the 20.3 percent sales decline in the first quarter of this year and the 16.0 percent decline in the second quarter of last year.

EXEC: Footwear Factories See Diverging Trends in June

Yue Yuen’s footwear manufacturing revenue grew 2.9 percent year-over-year in June 2024 while Feng Tay Enterprises reported footwear manufacturing revenues were essentially flat for the month of June, rising just 0.8 percent

EXEC: Tom Peddie Returns to Nike as VP of Marketplace Partners

Executive search firm MacGregor Black noted the reappointment on Tuesday morning on LinkedIn, saying that the “move comes as the iconic sports brand looks to enhance its relationships with existing retailers such as Foot Locker.”

EXEC: Columbia Sportswear Shares Tick Up on Analyst Upgrade

The last big jump for Columbia came after 2024 first-quarter results surpassed analysts EPS expectations and revenue also came in ahead of consensus estimates. COLM shares jumped 10.6 percent at the time. COLM shares are now flat for the year.

EXEC: Wall Street Analysts Downgrade Nike as Competitors Gain Heat

Nike’s move to slash its sales forecast for the year ahead resulted in downgrades from UBS, Stifel, JPMorgan, and Morgan Stanley. Some analysts cited opportunities for Adidas, Lululemon, Hoka, On, and other competitors to gain shelf space as Nike’s overreliance on lifestyle offerings and innovation struggles continue.

EXEC: Assessing the Financial Impact of the OIA and Outdoor Retailer Break Up

The separation, or divorce, was always expected to be a tough move for OIA to absorb, as the loss of royalties from the OR show would cut millions from the trade association’s budget each year. But a funny thing happened on the way to this eventual agreement, OIA shifted its reliance on trade show royalties.