Top SGB Updates
Nike And Adidas Settle Flyknit Infringement Lawsuit
According to the Portland Business Journal, Nike filed paperwork with the U.S. District Court in Portland, OR, to settle its patent infringement lawsuit against Adidas over the alleged use of Nike's knitted footwear technology. The filing does not disclose the settlement terms.
SGB Executive
EXEC: Kohl’s Axes Guidance On Inflation Pressures, Active Underperforms In Q2
Kohl's, Inc. significantly reduced its guidance for the year due to expectations of lower sales and escalating promotional activity. The department store chain also said athleisure and outdoor posted strong sales but the overall active underperformed in the second quarter.
