Sports Direct Burned By Outside Investments
While underlying earnings are benefiting from its “Elevation” efforts to upgrade its stores, Sports Direct reported that its U.S. business, consisting of Bob’s Stores and Eastern Mountain Sports, showed loss in its fiscal year ended April 29 and a number of other investments aren’t paying off.
Adidas Downgraded On Heightened Competition
Wells Fargo Securities downgraded shares of Adidas due to renewed growth in North America at Nike, continuing explosive growth at Vans and some lackluster results from the launch of new Adidas platforms.
SGB Executive Q&A: Boa CEO Shawn Neville
Shawn Neville, CEO of Boa Technology Inc., takes SGB behind the scenes of the company’s new Denver headquarters, where the maker of fit systems for a variety of gear is developing ambitious plans for growth.
SFIA Webinar Stresses Urgency In Applying For Tariff Exclusions
On a webinar Wednesday, David Cohen, an international trade expert with Sandler, Travis & Rosenberg and Bill Sells, SVP government relations & public affairs at the SFIA, discussed the urgency for affected sporting goods companies to seek exclusions to avoid the latest round of tariffs on Chinese imports. The first deadline in the exclusion process is less than 10 days away.
Home At Last: Outdoor Retailer Settles Into Denver
As Outdoor Retailer Summer Market prepares for the event’s Denver debut next week—the first summer show after leaving Salt Lake City—the event’s director, Marisa Nicholson, has a message for the brands, retailers and outdoor industry partners heading to Colorado. Welcome home.
Did Adidas Or Nike Win The World Cup?
Sponsoring the two finalists at the World Cup was a sign to some observers that Nike had outperformed Adidas in driving brand awareness, and likely sales, from summer’s biggest sporting event. But both brands appear to have benefited.
SGB Executive Q&A: ISA TanTec CEO Talks Expansion
In an SGB Q&A, Isa TanTec CEO Uwe Hutzler explains why business is booming for the Macau, China-based leather supplier whose tanneries produce material for brands such as Timberland, Wolverine, Deckers, Keen, Clarks, Danner/LaCrosse, Rockport, The North Face and more.
Retail Report Roundup
Studies arrived last week on BTS selling arriving early, stores dominating BTS selling, Amazon Prime Day launching BTS season, U.S. retail CEOs who are bullish on growth, Nordstrom’s high emotional intelligence ranking, Amazon’s broadening influence and loyalty-program inhibitors.
Jim Baugh Discusses Possible PHIT Act Passage
On Thursday, the U.S. House of Representatives Committee on Ways & Means approved the PHIT Act, bringing the bill the closest it’s come to becoming law since its inception. Here, Jim Baugh, founder of PHIT America, talks about what passage of the PHIT Act could mean for the sporting goods industry, continuing obstacles to its passage and the ongoing battle against sedentary lifestyles.
SGB Executive Q&A: Oofos’ Steve Gallo
Steve Gallo, president of Offos, discusses what’s behind the recovery-footwear leader’s explosive growth, the brand’s fanatical fans and the still-emerging recovering footwear opportunity.
Peak Resorts Fights Off “Extreme Weather” To Wrap-Up Solid Ski Season
Helped by strong appeal of the company’s Peak Pass and late winter weather that kept some of the company’s Northeast resorts open into April, Peak Resorts reported revenues rose 9.3 percent in the fourth quarter ended April 30.
Aisle Talk Week Of July 9
Top headlines from the active lifestyle industry you may have missed this week, including Fabletic’s big hires and ambitious plans to reach 100 stores.
Does 2026 World Cup Present “Open Goal” For Adidas?
In a 26-page report, analysts at Macquarie Research said the 2026 World Cup, which is taking place in North America, represents a major opportunity for Adidas to increase the company’s lead in the sport of global football (soccer) and could significantly help narrow the company’s wide gap in U.S. market share against Nike.
Deutsche Bank Sees Momentum At Vans, Bounce Back For North Face
Deutsche Bank Research initiated coverage of VF Corp. with a “Buy” rating in part because the firm sees Vans continuing to benefit from healthy streetwear trends in the years ahead while The North Face appears ready to re-accelerate growth.
Newest Round Of Tariffs Hits Sporting Goods
The U.S. Trade Representative released a new round of proposed tariffs on an additional $200 billion worth of U.S. imports from China, potentially including sports bags and baseball, softball, hockey and ski gloves.
