SGB Executive Sports & Fitness

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: Sports Direct to Open Two New Flagship Locations in London

The stores, one in Westfield Stratford and the other in Westfield London, are “further progress” in Sports Direct’s elevation strategy, while the Oxford Street flagship will remain the cornerstone of the Sports Direct brand in London.

EXEC: Has Authentic Won the Bidding for the Champion Brand?

After a long period of speculation since Hanesbrands Inc. (HBI) management first indicated in September 2023 that it was open to selling its iconic Champion brand, a deal to acquire the brands appears to be on the horizon