SGB Update Footwear

Black Diamond Equipment Appoints New Brand President

Black Diamond, Equipment, Ltd., a subsidiary of Clarus Corp., appointed Neil Fiske as brand president. Fiske is responsible for “accelerating growth and increasing profitability by capitalizing on attractive expansion opportunities across various categories, channels and regions.”

Canada Goose Cuts Outlook On Weaker China, North America

Canada Goose Holdings Inc. reported earnings and sales came in below guidance in the fiscal third quarter ended January 1 and lowered its outlook for the year due to worse-than-expected COVID-19 related disruptions in Mainland China and slowing momentum in North America.

Costco January Comps Fall 15.4 Percent

Costco Wholesale Corporation reported net sales of $16.84 billion for the retail month of January, the four weeks ended January 29, 2023, an increase of 6.9 percent from $15.76 billion last year.

Ugg Parent Sues Walmart For Patent Infringement

Deckers Brands, the parent of Ugg, Hoka and Teva brands, filed a lawsuit in California Central District Court against Walmart, charging the retailer infringed on copyrighted product designs.

Under Armour Adds Two To Board As Saunders Departs

Under Armour, Inc. appointed Carolyn Everson and Patrick Whitesell to its board of directors effective February 1, 2023. Longtime UA board member Harvey Sanders will retire on March 31, 2023. 

Nike To Open Store In Tigard 

Nike plans to open a store in Tigard, OR, a suburb of Portland, at the Bridgeport Village lifestyle center.

Gucci Names Creative Director

Gucci hired Sabato De Sarno as creative director. He has worked in the industry for nearly two decades after starting his career at Prada in 2005.

Academy Sports’ Debt Ratings Outlook Raised

S&P Global Ratings revised its debt rating outlook for Academy Sports + Outdoor, Inc. following a debt repayment. The positive rating outlook reflects the potential for an upgrade if Academy consistently performs during an uncertain economy while sustaining low S&P Global Ratings-adjusted leverage of about 1x.