SGB Executive

EXEC: Duer’s Founder Discusses Denim Disruption

In 2015, Duer created a range of “stretch performance denim” manufactured from plants and various recycled materials, putting a new spin on jeanswear. Founder Gary Lenett talked with SGB Executive about the Vancouver-based brand’s inspiration, emerging opportunities outside denim, distribution model, and commitment to sustainability.

EXEC: Gap Sees Athleta’s Recovery Taking Longer Than Planned

Athleta’s sales declined 18 percent in the third quarter against “heavy discounting” a year ago and are expected to decline double-digits in the fourth quarter as the retailer’s recovery from recent fashion miscues has taken longer than expected.

EXEC: Hot Weather Chills Boot Sales at Shoe Carnival

Shoe Carnival reported it gained market share in the family footwear channel due to a robust back-to-school season with particular strength in kids on strength in athletic; however, annual guidance was lowered for the third straight quarter as hot and dry weather in September and October caused a decline in the twenties in the boot category.

Baird Sees Reawakened Investment Opportunity For Team Sports

In a recent analysis from Baird, the investment firm and financial services company forecasted that tech advances, improved player performance and safety features, elevated traditional and social media exposure, and other economic factors will accelerate the future of team sports participation, benefiting from both the sporting goods industry and its investors.

Bain: Luxury Seen Losing Pandemic Boost

Bain & Company’s Luxury Study forecasted the global personal luxury goods market will grow 4 percent on a currency-neutral basis to €362 billion ($393 bn) in 2023, below a forecast between 5 percent to 12 percent the consultancy published in June.

Fila Holdings’ Sales Slide On Fila Brand Weakness

Korea-based Fila Holdings Corp. reported sales fell 8.3 percent in the third quarter as a 35.1 percent decline at the Fila brand segment offset a gain of 3.3 percent at Acushnet (Titleist, Footjoy). Fila brand’s sales tumbled in the U.S. due to the impact of elevated inventories.

EXEC: On Delivers Record Quarterly Results, Elevated Inventories Concerning

Swiss running brand On delivered its seventh consecutive record quarter in revenues and achieved its highest gross margin since its August-2022 IPO. However, shares closed down slightly on Tuesday due to concerns over elevated inventory levels and its ability to deliver growth to match On’s stock’s high multiple.