SGB Apparel

SGB Update

Lululemon Opens First Store in Italy

Located at Vittorio Emanuele II 24/28, the store spans roughly 5,700 square feet across two floors and officially opens July 19. The store’s product line supports yoga, running, training, tennis, and golf.

NRF’s Chief Economist Transitions to Senior Economic Advisor

The National Retail Federation announced on Thursday, July 17, that Jack Kleinhenz, NRF’s chief economist since 2010, is stepping down to serve in a new capacity as senior economic advisor. NRF Executive Director of Research Mark Mathews will become NRF’s new chief economist while continuing to lead the research team.

Nike’s Artificial Intelligence VP is Departing

Jason Loveland, Nike Inc’s VP of enterprise AI/ML engineering, is exiting his post as Nike confirmed layoffs in May at its technology division as part of a broader restructuring.

New Era to Open New York City Flagship

New Era is opening a flagship store this summer in New York City’s Soho district. The store will represent compamy’s only other flagship store, outside of its hometown of Buffalo, NY.

SGB Executive

EXEC: Li Ning Posts LSD Growth in China Retail Sales in Second Quarter

The Offline channel, which includes retail and wholesale, registered a low-single-digit increase. Retail (direct operation) declined by mid-single digits, while Wholesale (franchised distributors) increased by low-single digits. The E-commerce channel registered mid-single-digit growth.