<p>Placer.ai reported that overall U.S. retail traffic in early 2025 shows modest growth so far this year, boding well for the upcoming back-to-school season. Traditional back-to-school categories like sportswear and footwear are expected to remain strong.</p>
<p>Nike signed a 10-year deal to become the official outfitter of Auburn University’s athletic teams, beginning July 2025. Nike replaces Under Armour, which had supplied Auburn since 2006.</p>
<p>The manufacturer of firearms under the FN brand promoted Dan Hines to the position of vice president, commercial products. He was VP of marketing.</p>
<p>Karl Baumann has been appointed CEO of the outdoor hydration, nutrition and cooking systems specialist. He succeeds Andreas Steiner, who served as interim CEO for nine months. </p>
<p>Lululemon filed a lawsuit against Costco, charging the warehouse club is selling “confusingly similar” replicas of its jackets, sweatshirts and pants. In a lawsuit filed Friday in the U.S. District Court for the Central District of California, Lululemonclaims that certain Costco products imitate its own designs so closely that it constitutes “trade dress” infringement, which occurs […]</p>
<p>Kiersten Medvedich, formerly president, becomes the yoga-streaming company’s first female CEO. She continues to report to Gaia Founder and Executive Chairman Jirka Rysavy.</p>
<p>SGB Media will not publish its regular SGB Morning Update or SGB Evening Update newsletters the week of Independence Day, July 4, 2025. SGB will resume normal distribution on Monday, July 7.</p>
<p>The parent company of Famous Footwear and the Naturalizer, Vionic, Allen Edmonds, Blowfish Malibu, and Sam Edelman brands, has entered into an amendment of its credit agreement, which extends its senior secured asset-based revolving credit facility to June 2030.</p>
<p>The retailer has entered into a definitive merger agreement to be acquired by a partnership comprised of Worldwide Golf and Capitol Hill Group, in an all-cash transaction valued at approximately $112.7 million in enterprise value, including the assumption of approximately $71.4 million in credit line borrowings as of June 29, 2025.</p>
<p>Citi Research’s latest quarterly Global Sporting Goods Survey found that Nike out-ranked Adidas in terms of intent to purchase and is the athletic brand consumers perceive as the most innovative in North America. However, Adidas tied Nike for the highest Net Promoter Score (NPS) among athletic brands in June, highlighting the popularity of Adidas’ Terrace franchises</p>
<p>The Los Angeles, CA-based lifestyle brand specializing in luxury activewear, announced plans to open a stand alone shop in The Summit a one-million-square-foot upscale shopping mall with over 100 stores and restaurants located in Birmingham.</p>
June 29, 2025
<p>Nike claims SurfStitch owes it $237,760 and is demanding that the company be placed into liquidation. Edwin Narayan and Domenic Calabretta, from Mackay Goodwin, were appointed as administrators earlier this month to sort out the retailer’s finances.</p>
<p>The store, spanning 3,695 square feet over two floors, is located at 4 James Street and was designed to serve as a hub for the local running community.</p>
<p>Nike, Inc. continues to face headwinds in its turnaround efforts, including an estimated $1 billion hit from tariffs. However, the company’s first-quarter guidance came in better than expected. Nike officials told analysts that its steps to reengage wholesale partners are paying off, with holiday bookings up. Shares of Nike in mid-day trading Friday, June 27, were up about 17 percent.</p>
