EXEC: New Nike Inc. CEO Lays Out Pain Points Ahead and Plans to Re-Focus on Sport
EXEC: Nike’s NA Q2 Footwear Down 14 Percent; Reduces Classics Share of Business
EXEC: Nike Inc. Q2 Reaction May Be More About the CEO’s Plan – Not Key Metrics
Birkenstock Saw Fiscal Q4 Sales Growth Accelerate as Full Year Beats Forecast
Study: Shoplifting Increased 93 Percent Since 2019; Violence Jumped 84 Percent Since 2022
SGB Update
SGB Media Revises Holiday Publishing Schedule
In observance of the end of year holidays, SGB Media is taking time to be with family and friends and will adjust its Morning and Evening Update Newsletter publishing schedule
Shoes For Crews Taps Board Director to Serve as CEO
Chris Quinn will assume the CEO role beginning on January 1, 2025. The company noted Quinn is an accomplished executive experienced in the retail, e-commerce, footwear, and apparel industries who has served as a director of Shoes For Crews since August 2024.”
Big 5 Sporting Goods Renews Five-Year Credit Facility with BofA
The company has entered into an agreement to amend and extend its credit facility with Bank of America, N. A., as administrative agent and lender.
Skechers Opens New Flagship in Prague, Czech Republic
Skechers now has eight retail locations in the Czech Republic, including five additional stores in Prague, Modřice and Ostrava.
ICSC Makes Final Argument for Brick & Mortar Holiday Shopping in New Survey Report
The membership trade organization serving the commercial real estate and retail industries reported physical stores remain an important part of holiday shopping, as 84 percent of surveyed respondents intend to shop in-store or visit a store to pick up an online order.
SGB Executive
SGB Media Revises Holiday Publishing Schedule
In observance of the end of year holidays, SGB Media is taking time to be with family and friends and will adjust its Morning and Evening Update Newsletter publishing schedule
EXEC: New Nike Inc. CEO Lays Out Pain Points Ahead and Plans to Re-Focus on Sport
The new CEO did not ride in on a white horse or a chariot as a conquering hero, but as a janitor, not unlike Mr. Earl, who realizes he has a big job to do but also has a clear mind on what must be done.
EXEC: Nike’s NA Q2 Footwear Down 14 Percent; Reduces Classics Share of Business
In North America, Nike Direct declined 15 percent, with Nike Digital down 22 percent and Nike stores down 3 percent.
Wholesale declined 1 percent. Nike said it took another step forward shifting the product portfolio by reducing the proportion of our business driven by the Classic Footwear franchises.
EXEC: Nike Inc. Q2 Reaction May Be More About the CEO’s Plan – Not Key Metrics
That plan has to include boosting innovation in a market that has embraced On, Hoka and a number of other nascent running brands that have taken share in the “technology as fashion” column, as well as brands such as Adidas and Asics that are taking share on the lifestyle side.
EXEC: Bata Brands Appoints Italy-Based Chief Design Officer
Miguel Esquide’s career highlights include co-founding the luxury brand 1Concept as well as leading footwear design and strategy at Inditex for Lefties, Zara and Pull&Bear.
