SGB Update Footwear

Lululemon Shares Fall After Weak Q2 Forecast

The company experienced a solid start to 2026, with net revenue increasing 4 percent, but LULU shares were down ~10 percent in after-hours trading on Thursday, June 4, after the company issued its Q2 revenue guidance, which came in 5.1 percent below analysts’ estimates. 

Zumiez Delivers 4.0 Percent Comp Growth in Q1

Zumiez, Inc. delivered comp gains in the mid-single digits for the second consecutive year in the first quarter ended May 2. Sales came in just above guidance, but the loss for the quarter was at the lower end of guidance.

Nike Opens First Store in Luxembourg

Nike opened its first store in Luxembourg, in the Cloche d’Or Shopping Center in Luxembourg City, which will serve as a “meeting place for sports enthusiasts.”

The Buckle’s May Comps Climb 2 Percent

The Buckle, Inc. reported that comparable-store net sales for the 4-week period ended May 30 increased 2.2 percent year-over-year. Net sales gained 4.5 percent to $92.4 million from $88.4 million a year ago.

Tilly’s Q1 Comps Surge 23 Percent, Loss Shrinks

Tilly’s, Inc. significantly reduced its loss in the first quarter ended May 2 as same-store sales grew 22.9 percent. Results arrived slightly ahead of expectations, and the action sports-themed chain forecasted same-store gains between 6 percent and 10 percent for the second quarter.

Macy’s, Inc. Shows Strongest Sales Growth in Four Years in Q1; Raises FY Guidance

Macy’s, Inc. reported first-quarter results that comfortably topped guidance and lifted both its sales and earnings outlook for the year as the legacy department store’s turnaround continued to show progress. Comps grew 1.6 percent at the Macy’s banner, 10.2 percent at Bloomingdale’s, and 6.4 percent at Blue Mercury. 

NSGA Appoints Brad House to At-Large Three-Year Board Post

Hause is the President of SDC, one of North America’s leading sporting goods buying groups, which operates under the Source for Sports banner. SDC represents over 250 independently owned full-line and ice hockey retailers in Canada and the United States. 

EXEC: Asics Ventures Formalizes Annual Pitch Program

Asics Corporation’s corporate venture capital arm is launching Kenzen, an annual business pitch competition. The 2026 theme is New Experiences: the services, products, and communities bringing more people into Asics.