EXEC: Gildan Activewear Board Releases Info to Justify CEO’s Ouster
With new CEO Vince Tyra now in his seat early in defiance of a large group of investors and shareholders, Gildan Activewear, Inc. has turned to a strategy to justify the move by its Board of Directors to oust former CEO Glenn Chamandy.
Report: Over 17 Percent of Global Holiday Online Sales Influenced by AI in 2023
Salesforce data indicates that online holiday sales reportedly increased 3 percent for the two-month holiday selling period in 2023 after posting flat results in the 2022 period.
EXEC: Super Retail Group Ekes Out 1 Percent Comp Growth In Fiscal H1
The Australia-based parent of the Rebel Sports, BCF outdoor, and Macpac outdoor retail chains reported that sales for the first half of fiscal 2024 increased 3 percent and are expected to reach A$2.02 billion for the period ended December 30.
EXEC: Anta Sports Sees Fila Q4 Retail Trend Accelerating from Q3 Trend
The company, which runs retail stores in China for the Anta brand, Fila, Descente, Kolon Sport, and Amer Sports, reported retail sales, in terms of retail value, for the Fila brand increased 25 percent to 30 percent year-over-year in the fourth quarter.
Fashion Energy Report Uses Sustainability, Transparency and CO2 to Rate Brands
The Fashion Energy Report determined Puma was the most sustainable fashion brand, followed by The North Face and Tommy Hilfiger. Other brands in the active lifestyle rating in the Top 10 include Patagonia, Converse and Timberland.
Gildan Activewear Board Makes Extraordinary Next Move in Investor Fight
Gildan Activewear’s Board of Directors turned its ongoing tit-for-tat fight with investors over the ouster of former CEO Glenn Chamandy into a game of chess, taking the extraordinary move to bring its chosen CEO, Vince Tyra, in early.
EXEC: Giant Group Sees Another Steep Decline in December Revenues
While reporting sales down 25.8 percent for the month, the Taiwan-based bike manufacturing group saw a slight improvement versus Q4 and second-half 2023 trends in posting its second month in a row of moderating declines.
Footwear Shipments Turnaround Trend Continues: Yue Yuen Report
The manufacturer of footwear for major outdoor and athletic brands reported its footwear manufacturing segment revenue declined 2.4 percent in December, the best performance since November 2022.
EXEC: Adidas Appoints New President for North America
John Miller, most recently SVP of the wholesale business at Puma North America, is returning to the brand where he worked in the early- to mid-2000’s, as president of North America, effective immediately.
EXEC: Active Lifestyle Stocks Miss Market Rally in 2023
The broader stock market saw a robust recovery in 2023 but the majority of stocks in the active lifestyle space underperformed, marked by declines by industry bellwethers including Nike, VF Corp. and Columbia Sportswear.
EXEC: Mainland Headwear Issues Profit Warning for Full Year 2023
The manufacturer and seller of headwear and accessories products reported that the issues that dogged the company in the first half of the year have continued for the full year. Profits are expected to fall 35 percent versus the prior year.
EXEC: Amer Sports Files for U.S. IPO
The parent of Wilson, Salomon, Arc-Teryx, and other sports and outdoor brands, filed for a long-expected U.S. initial public offering. In its prospectus, Amer touted the benefits of its “Transformation” program following its 2019 acquisition by an Anta Sports-led investor group that led to a brand-direct model, rapidly owned store expansion and accelerated growth in China.
SGB 2023 Year in Review—Top 25 Most Read Articles
To say that 2023 was a challenging year for the active lifestyle retail market would be an understatement as brands, reps and retailers dealt with a variety of challenges and very few notable instances of positive news.
EXEC: JD Sports Sees YTD Comp Sales Growth Fall Short, Impacting Full-Year View
Company shares plummeted 23 percent on the London Sock Exchange Thursday as the parent of the JD, Finish Line, DTLR, and Shoe Palace retail brands in the U.S. and JD and others worldwide, reported that comp store sales growth was just 1.8 percent for the 22-week yeat-to-date period through December 30.
EXEC: 2024 Look Ahead – Retailers and Brands Define Issues and Opportunities
In this latest installment of the 2024 Look Ahead series, SGB Executive talked with brand leaders and marketers about how their companies plan to address the challenges and opportunities in the market in 2024 and beyond.
