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EXEC: Lululemon Cut to Sell by Truist Securities on Dimming Recovery Prospects
Truist Securities reduced its rating on Lululemon Athletia to “Sell” from “Hold” as the firm believes the yoga-themed retailer’s turnaround will prove more challenging than current price levels show. Joseph Civello, Truist’s lead analyst in the space, also trimmed his price target on Lululemon to $94 from $115 and slashed his EPS estimates on LULU […]
EXEC: Asia Footwear Manufacturer Stella International Sees Modest Growth in Q2
EXEC: U.K.’s Shoe Zone Lifts Guidance on Improving Sales Trends
UK off-price shoe retailer Shoe Zone reported that sales over the last two months of May and June have come in ahead of market expectations. The company said the better-than-expected performance "was aided by the company's warehouse closing down sale and favorable seasonal weather at half term."
EXEC: PWC Survey Finds Major Apparel Lift from GLP-1 Users, Mixed Payback for Fitness Activities
A recent PWC study found the apparel category driving huge benefit from GLP-1 drugs, with spending on the category increasing 9.9 percent within six to eight months after users start taking it. The impact on fitness is more mixed, with cardio activities experiencing healthy increases from GLP-1 adoption, but group fitness and strength training has seen littl
EXEC: Frasers Group’s UK Sports Unit Sees Higher FY Profits Despite Macro Headwinds
EXEC: Mips AB Organic Growth Accelerates in Q2, Posting 42 Percent Increase
EXEC: Nylon Recycling Startup Syntetica Raises $30M with LULU Among Investors
Paris-based recycling startup Syntetica announced a €26.1 million ($30 million) Series A funding round to commercialize production of its virgin-quality recycled nylon. The round takes the total raised by the firm, founded in 2023, to $38 million.
EXEC: Li Ning Sees Slight Decrease in China Retail Sales in Second Quarter
Li Ning Company, Ltd. reported that retail sell-through for the second quarter at Li-Ning POS, excluding Li-Ning Young, decreased by low-single digits year-over-year after turning positive in the first quarter.
EXEC: 361 Degrees Owned-Retail Sees Mid-To-High Single-Digit Growth in Q2
China-based 361 Degrees International, Ltd. reported that brick-and-mortar retail sales of 361º core-branded product delivered mid-to-high single-digit growth in the second quarter compared to the same period of 2025.
EXEC: Gucci Hires Nike Veteran as VP of Gucci Racing
EXEC: CEO of Anta’s Namesake Brand Resigns
Anta brand CEO Xu Yang has resigned following recent weak performance for the flagship brand of Anta Sports Products Ltd. The Chinese company said Yang resigned for family reasons and will be transferred to another position in the company.
Selle Royal Group Appoints New Head of U.S. Operations
EXEC: Dr. Martens Confirms FY Guidance with U.S. Wholesale Momentum
Ahead of its annual meeting, Dr. Martens plc issued a performance update confirming that trading since April has been in line with expectations, leaving its full-year guidance for fiscal 2027 unchanged. The performance continues to be led by wholesale strength in the U.S.
EXEC: France’s I-Run Acquires Belgian Retailer Trakks
French running store chain I-Run has acquired Belgian running store chain Trakks, including its six physical shops and e-commerce site. The acquisition marks I-Run's first stores outside France.
EXEC: Decathlon Opens First Airport Store in Europe
Decathlon opened its first and only European airport store at Geneva Airport (GVA) in Switzerland. The French retailer also has airport stores in India and Tahiti.
Report: Rawlings Explores $2 Billion Sale
Private equity firm Seidler Equity Partners, which co-owns Rawlings Sporting Goods Co. alongside Major League Baseball, is exploring a sale of its stake in Rawlings, seeking a company valuation of $2 billion including debt, sources told Bloomberg.
EXEC: RevolutionRace to Acquire Icaniwill (ICIW)
RevolutionRace parent RVRC Holding AB has agreed to acquire 90.1 percent of Swedish sportswear brand Icaniwill, known as ICIW, for SEK 700 million ($72.0 mm). For the twelve months ended June 30, ICIW reported estimated net revenues of SEK 470 million, representing a compound annual growth rate (CAGR) of approximately 37 percent since 2019.
Gymshark Hires Chief Technology Officer
EXEC: A Sneaker City is Latest Retailer to File for Bankruptcy
A Sneaker City, with only a website and one store remaining in Albany, New York, filed for Chapter 11 bankruptcy protection on July 10 in the U.S. Bankruptcy Court for the Northern District of New York over a dispute with landlords.
