Report: 17 Million Canadians Consider Themselves Fans of Women’s Sport
The first Canadian study highlights unique attributes of Canadian fans of women’s sport and the value fandom represents for sport business.
EXEC: Nike, Inc. Outlines Two-Phase Plan to Cut 740 Positions at Beaverton HQ
In a new WARN notice filing, Nike. Inc. said that a total of 740 positions would be permanently eliminated at the company’s Beaverton World Headquarters across two phases of layoffs, including the first phase in February of this year.
EXEC: Gildan Changes Up Board Structure, Offers Board Slate for May Vote
The new Board is expected to guide the company’s next phase of growth under the leadership of current President and CEO Vince Tyra and ensure the previously announced sale process is conducted in a manner that will benefit all shareholders of Gildan.
EXEC: Vista Outdoor Re-Engages with MNC Capital on Potential Buy-Out Interest
Given that the current deal with CSG has raised more than a few eyebrows in the U.S. Congress from those that see an issue with selling an American ammo maker to a foreign entity, it sounds like Vista may see it as more prudent to keep all options open.
EXEC: Sports Footwear Shipments Fuel Growth, Cut ASPs for Stella Int’l in Q1
Shipment volumes for the first quarter increased by approximately 21.9 percent year-over-year to 11.7 million pairs. Again the percentage increase in pairage shipped accelerated from the 2023 Q4 trend, nearly doubling the 10.9 increase in Q4.
EXEC: Saucony, Merrell and K-Swiss China Retail Partner Sees Slower Q1 Growth
Xtep International had 110 Saucony-brand stores and four Merrell-brand stores operational in Mainland China at the end of 2023. The company boasted 101 K-Swiss stores in the Asia Pacific region at the end of the year, with 94 Palladium brand stores to end 2023.
EXEC: Anta Sports Sees Fila Brand Q1 Retail Sales Trend Moderating from 2023
Retail sales, in retail value, for the Fila brand increased in high single digits year-over-year in the first quarter, a sharp moderation from the strong double-digit in the 2023 fourth quarter and the high-teens trend for the 2023 full year.
StockX: Fakes Were 19 Percent of Rejected Sneakers Over Last 12 Months
In 2023 the company rejected over 325,000 products, collectively valued at over $82 million, because they did not meet StockX’s verification standards, with 19 percent of that total tagged as suspected fakes. Used products totaled 29 percent of rejects.
EXEC: Giant Group Posts 20 Percent Sales Decline in First Quarter
The Giant Group reported monthly revenues for March 2024 fell in double digits once again, declining 17.4 percent to NT$7.12 billion, representing a moderation from a sharp 27.2 percent crash in February.
EXEC: Under Armour’s HR Chief and DEI Leader to Exit Company
Tchernavia Rocker’s departure represents the second female senior executive planning to exit the company in the last two months. Rocker joined UA in February 2019 as chief people and culture officer.
EXEC: Dr. Martens Names New CEO as Wilson Enters Final Year in the Role
As part of an orderly succession plan, and following a thorough search process, the Board promoted its chief brand officer, Ije Nwokorie, to succeed Kenny Wilson as CEO.
EXEC: Dr. Martens Sees Tough Year Ahead; U.S. Business Planned Down Double Digits
The company assumed that revenue will decline in single digits year-over-year and could see a worst-case scenario of profit before tax of around one-third of the Fiscal 2024 level.
EXEC: Adidas Gets Another Yeezy Lift in Q1; Increases 2024 Guidance
Adidas now expects full-year 2024 currency-neutral revenues to increase at a mid- to high-single-digit rate in 2024, up from its previous forecast for a mid-single-digit increase. The latest Yeezy drop added revenues of around €150 million and an operating profit of around €50 million in the first quarter.
BRC: UK Retail Sales See Good Recovery in March, Outpacing U.S. Trends
The British Retail Consortium said UK total March retail sales increased 3.5 percent year-over-year in March, cycling growth of 5.1 percent in March 2023. This was said to exceed the 3-month average growth of 2.1 percent and the 12-month average growth of 2.9 percent.
EXEC: Three Global Running Associations Partner on Events and Conferences
This new collaboration between European Athletics, Running Industry Alliance and Running USA could signify a milestone in showcasing innovation and growth within the B2B running industry.
