SGB Executive

Nike Inc. said demand for the Nike Brand remains robust, but the combination of port congestion and COVID-19-driven factory shutdowns in Vietnam will cause sales for its current fiscal year to come in well below targets. Inventory shortages are also expected to continue until the second half of the calendar year 2022.

Many of today’s paddlecrafts are made from plastic and/or resins that aren’t exactly good for the planet. But more companies in the category are embracing Mother Earth and are weaving sustainability initiatives into their products, from using eco-friendly materials to better manufacturing and shipping practices.

A survey from Citi Research taken in September found that Nike and Adidas are back in favor with Chinese consumers following an uproar in March with several Western companies over their stance on China’s Xinjiang region.

Boosted by strong gains from Rip Curl and Oboz, Kathmandu Holdings Ltd. saw revenues jumped 15.1 percent in the fiscal year ended July 31, to NZ$922.8 million ($654MM). On an analyst call, CEO Michael Daly said the goal is to establish Rip Curl as the number one surf brand in Australasia and a top-three brand in North America and Europe and expand Oboz into a U.S. $100 million business in the medium term.

Retailers broadly delivered second-quarter results that handily topped Wall Street’s targets and lifted their 2021 guidance as sales momentum remained resilient. However, supply chain concerns, marked by port congestion and recent factory shutdowns in Vietnam that could limit second-half growth, were widely discussed on recent quarterly calls. Insights from Dick’s SG, Hibbett, Academy Sports, Big 5, Macy’s, Kohl’s, Foot Locker and Lululemon follow.

According to a number of forecasts, holiday sales this year are expected to expand at least seven percent year-over-year. However, supply chain disruption, inflation and labor shortages continue to present challenges. Holiday insights from AlixPartners, Deloitte, Mastercard SpendingPulse, Bain, Affirm and Shopkick

Analysts issued largely bullish reports following Crocs unveiling a five-year plan at its Investor Day that calls for a nearly tripling of its sales, driven by major growth targets in digital, sandals and China.

With VF Corp recently selling adventure luggage company Eagle Creek to Travis Campbell, its former president of emerging brands, the new owner has big plans for a brand whose doors were shuttered just a few months earlier.

Sweden’s Dometic Group AB, a maker of accessories for motorhomes, caravans and boats, said on Friday it had agreed to buy U.S. cooler giant Igloo Products Corp. for $677 million. Juan Vargues, Dometic’s CEO, said, “North America is the largest market for cooling boxes and outdoor products, and with Igloo’s strong brand recognition, consumer knowledge and local manufacturing capabilities, we are getting the necessary tools to further drive our sales and margin expansion.”

On Wednesday, On blew open the doors in its initial public offering (IPO) debut, with its shares vaulting 46 percent on the day. The funding is expected to support its next stage of growth. Here, co-CEO Marc Maurer discusses the benefits expected from the initial public offering, the brand’s commitment to run and its growth prospects.

The Big Gear Show, held August 3-5 in Deer Valley, UT, debuted this year as the industry’s first invitation-only, all-outside, multi-category trade event for the paddlesports, cycling, climbing, and camping markets. SGB Executive caught up with Haroutunian to see how the show went, how they managed COVID protocols, what’s up for the future and more.

The outdoor tradeshow industry is in the midst of one of its more memorable years as organizers implement pandemic protocols while staging their shows.

Speaking at CL King’s 19th Annual Best Ideas Conference, Vista Outdoor’s management expounded on the rationale behind the acquisition of golf simulator Foresight Sports and provided a bullish outlook on the growth potential in ammunition despite current inventory challenges.

With the pandemic leading to growth in participation in paddlesports, no category has seen more uptick than SUP sales, especially inflatables. But those in the business are also having to deal with production, distribution and pandemic-related supply and shipping delays at a cross-current with unprecedented demand.

In an interview with SGB Executive, Steve Lawrence, EVP and chief merchandising officer, Academy Sports + Outdoors, discussed the chain’s second-quarter performance marked by a comparable sales gain of 11.4 percent on top of a year-ago gain of 27.0 percent as well as management’s bullish outlook for the second half.