EXEC: Morgan Stanley Downgrades Lululemon on Weakening U.S. Growth Outlook
Morgan Stanley downgraded Lululemon Athletica to “Equal-weight” from “Overweight” on waning confidence in a recovery in the company’s core U.S. market.
EXEC Q&A: Dan Sheridan, CEO, Brooks Running
Sheridan, who was promoted to Brooks’ CEO last April, talks with SGB Executive about Brooks’ recent momentum, entry into lifestyle footwear category, the tariff playbook, as well as the health of the overall run industry.
EXEC: Lululemon Shares Hurt by Analyst Price Target Cuts
Shares of Lululemon Athletica Inc. are down about 20 percent in mid-day trading on Friday, June 6 after the yoga-themed retailer trimmed its earnings guidance for the year as proposed tariffs threaten its supply chain. Lululemon officials on an analyst call remained bullish on Lululemon’s ability to manage the disruption. Calvin McDonald, company CEO, said, “We intend to leverage our strong financial position and competitive advantages to play offense.”
EXEC: G-III Apparel Set for Fall Converse Apparel Launch; Shares Hit By Tariff Concerns
G-III Apparel Group, Ltd. (GIII) share fell 19 percent on Friday, June 6 after the apparel giant withdrew its earnings guidance for the year due to “uncertainty around tariffs and related macroeconomic conditions.” G-III’s first quarter results still exceeded targets, led by double-digit growth at DKNY, Karl Lagerfeld and Donna Karan. The company also indicated […]
EXEC: Duluth’s New CEO Sets Strategy to Return to Profitable Growth
In her first quarterly call since returning to Duluth Holdings, Inc. as president and CEO, Stephanie Pugliese said the company is “taking decisive actions to get this great company and unique and powerful brand back on the path to profitability and growth,” including rationalizing SKUs, reducing costs and complexity across multiple areas and exploring store closings while investing in innovation.
EXEC: Sports Direct Parent Votes Upend XXL ASA General Meeting; CEO Freddy Sobin Ousted
Frasers Group plc, who was represented with 28,776,450 shares and votes, equal to approximately 96.5 percent of the shares and votes represented at the general meeting, may be responsible for moving the managing director of Frasers Group IBML into the XXL Interim CEO role.
EXEC: Journeys Gets Q1 Boost from Athletics Momentum, Saucony’s Return and Hoka’s Arrival
The Journeys comp sales jump in Q1 was largely driven by strength in athletics, supported by low profile and 2000s era running inspired trends, but also bigger athletic inventory investments, including the reintroduction of Saucony and introduction of Hoka.
EXEC: Crocs, Inc. to Emphasize Inventory Controls to Ride Out Tariff Uncertainty
Speaking Tuesday, June 3, at the Baird 2025 Global Consumer, Technology & Services Conference, Crocs, Inc. CEO Andrew Rees said the company will emphasize inventory discipline and maintain margins given the uncertainties created by the trade war.
EXEC: Sportsman’s Warehouse Execs Lay Out Turnaround Wins; Reiterate Guidance
Comp sales grew for the first time in nearly four years as the company focused on replenishing in-store stock, which boosted sales in the Hunting, Fishing and Shooting Sports categories. Ammunition was up 3 percent and Fishing was up 11 percent.
EXEC: Hibbett Parent JD Sports Enters New Phase of U.S. Brand Consolidation
The owner of the City Gear, DTLR, Finish Line, JD and Shoe Palace retail brands in the U.S. market is ready to move to the next level in its retail brand consolidation here in the Colonies as DTLR and most City Gear stores will be merged under the DTLR brand.
EXEC: Shoe Station Doors to Dominate Shoe Carnival, Inc. Portfolio by 2027
In announcing plans to accelerate the rollout of Shoe Station, Mark Worden, Shoe Carnival’s president and CEO, told analysts that the Shoe Carnival locations, which the retailer has converted to premium Shoe Station concept, are seeing double-digit sales growth and accretive margins across affluent and rural markets.
EXEC: Kanaan Sellers Group Set to List on Nasdaq Nordic Market in Fourth Quarter
The European e-commerce aggregator is set to become Europe’s first publicly listed e-commerce aggregator, with a listing planned in Nasdaq’s Nordic market, targeting a valuation ~€40 million in early fourth quarter.
EXEC: Oakley and Supreme Parent to Acquire Optegra Clinics Across Europe
The company will acquire Optegra’s ophthalmology platform, which operates in five key European markets: the UK, Czech Republic, Poland, Slovakia, and the Netherlands. The transaction is expected to close later in 2025.
EXEC: Athleta Promotions a Drag on Parent’s AUR in Q1
Athleta net sales amounted to $308 million in the fiscal first quarter, a 6 percent year-over-year decline. Comp store sales decreased 8 percent year-over-year.
EXEC: Golden Goose Posts DD First Quarter Growth on DTC Expansion
The Milan-based premium fashion sneaker said Direct-to-Consumer (DTC) net revenue was up 19 percent year-over-year (y/y), accounting for 76 percent of net revenues.
