EXEC: Anta Completes Deal for Largest Stake in Puma SE
ICSC Survey Sees Consumers Focusing on Value and Experiences this Holiday Season
EXEC: Nike, Inc. Faces More Share Price Target Cuts and Another Downgrade
EXEC: Nike Details Turnaround Tactics for Sportswear, China, Jordan
EXEC: Nike to See More Cuts with New “Pace” Restructuring Program
SGB Update
Fleet Feet Appoints Jason Jabaut President, Expands Exec Team
Fleet Feet officially named Jason Jabaut, a 20-year veteran of the running store franchisor, as president while also announcing several promotions and new hires within tech areas to build out its leadership team. As president, Jabaut will lead marketing & digital, vendor management and franchise operations.
ICSC Survey Sees Consumers Focusing on Value and Experiences this Holiday Season
The trade association human experience remains a core part of holiday shopping, and retailers that transform a simple errand into an outing or a memory are most likely to capture consumer dollars this season and beyond. Growth in sales is forecast between 4.3 percent and 4.9 percent this year.
Nike Canada GM Takes Japan VP/GM Role
Nike Inc. has appointed Michael Hunter, former general manager (GM) of Nike Canada, as VP and GM, Nike Japan
Delaware’s Al’s Sporting Goods to Close
Al’s Sporting Goods in downtown Wilmington, DE, will close in December after 91 years in business. Owner Bob Hart is retiring.
Stoke Shoes Taps Former Deckers Brands CEO as Advisor and Investor
Dave Powers, former president and CEO of Deckers Brands, has joined the company as an advisor and investor. Stoke Shoes was launched this past spring by footwear industry veterans Rick Blackshaw and Ian Stewart.
SGB Executive
EXEC: La Sportiva Opens Store in Arco, Italy
La Sportiva officially opened a new brand store in Arco, Italy, marking its 14th store globally.
EXEC: Anta Completes Deal for Largest Stake in Puma SE
Anta Sports completed its acquisition of a 29.06 percent stake in Puma SE from Artémis SAS, the investment company of the Pinault family, for €1,5 billion ($1.68 bn) in cash. Puma said in a statement that the brand “will continue to operate as an independently managed company. Anta Sports has expressed its full respect for Puma’s sports heritage, distinctive brand identity and corporate culture as well as its independent governance and brand autonomy.”
EXEC: BCG Study Identifies Massive “Wellness” Opportunity for Activewear
A new study from Boston Consulting Group (BCG) finds growth in the activewear industry is slowing but concludes athletic apparel and footwear brands have sizeable, untapped opportunities to extend their reach to the “booming” wellness economy, where consumers are spending more on nutrition, weight loss, fitness experiences, wearables, recovery, and wellness services.
EXEC: Arc’teryx Opens First Climb-Focused Store in Los Angeles
Arc’teryx Equipment opened its first-ever retail concept dedicated exclusively to climbing on Abbot Kinney Boulevard in Venice, CA. The space includes a built-in Grasshopper climbing wall that can be activated for events, with routes and holds updated regularly by local partner Long Beach Rising.
EXEC: Dr. Martens Appoints Global Commercial Finance Director
Dr. Martens appointed Kate Vacovec as global commercial finance director. She joins the British footwear brand from Yum! Brands, best known for its three core brands: Pizza Hut, KFC and Taco Bell.
