SGB Media Online

Lululemon Athletica, Inc. reportedly experienced a solid start to 2026, with net revenue increasing 4 percent to $2.5 billion in the fiscal first quarter ended May 3, or a 2 percent increase on a constant-dollar basis.

Americas net revenue decreased 3 percent, or 4 percent on a constant-dollar basis. International net revenue increased 22 percent, or 16 percent on a cons...

Net sales for the first quarter ended May 2, 2026 (13 weeks) increased 4.9 percent to $193.3 million from $184.3 million in the first quarter ended May 3, 2025 (13 weeks). Sales were expected to be in the range of $189 million to $193 million. Comparable sales for the thirteen weeks ended May 2, 2026, increased 4.0 percent.

Net loss in the first quarter was $13.3 milli...

Citi Research upgraded Puma to “Buy” from “Neutral” as the investment firm sees a “potential major mid-term growth opportunity” in China for the brand following its formation of a strategic partnership with Anta Sports.

The partnership was marked by Anta’s $1.8 billion acquisition of a 29.06 percent stake in Puma in January 2026, making it Puma’s largest shareholder. I...

Nike opened its first store in Luxembourg, in the Cloche d’Or Shopping Center in Luxembourg City.

The store will serve as a “meeting place for sports enthusiasts,” focusing on community engagement alongside standard retail.

The store’s floor space measures 1,360 square meters (14,600 square feet) across two floors and stocks nearly 1,200 items. Customers can als...

Investment firm Brand Velocity Group (BVG) has acquired RCX Sports, which operates league-licensed youth sports properties including NFL Flag, Jr. NBA, MLB Pitch, Hit & Run, and NHL Street. The platform was previously owned by The Raine Group’s investment arm.

BVG is an independent sponsor that raises capital on a deal-by-deal basis, and the RCX represents the “cor...