EXEC: Adidas Blows Past World Cup Sales Expectations
EXEC: Saucony Sees Sharp Slowdown of China Retail Sales Growth in Second Quarter
EXEC: Frasers Group’s Sports Direct UK Segment Posts DD Profit Growth as Sales Decline
EXEC: CEO of Anta’s Namesake Brand Resigns
EXEC: JD Sports Relocating North America HQ in Indiana to Support JD Banner Rollout
SGB Update
Nordstrom Plans to Open 10th Rack Store in Ramsey, New Jersey
The 25,000-square-foot store will be located at the Interstate Shopping Center, a shopping center that includes ShopRite, Five Below and Petco, among others.
Sierra Sets Store Opening for Southwest Ohio
The outdoor-themed off-price retailer, owned by TJX Cos., announced plans to open a store in Beavercreek, OH on August 15. The 19,800-square-foot space will be located at 2850 Centre Drive in Beavercreek, next to TJ Maxx and Lowe’s.
Adidas to Open Store at Mall of America
Adidas plans to open its first full-price store in Minnesota at the Mall of America in October. The 9,161-square-foot space “is designed to offer a shopping experience that blends performance, sport culture and personalization.”
DBGI’s Avo Brand Eyes Expansion of Collegiate Apparel Licenses to 30 Schools
In other company news, David Sosnowski, Vuori’s chief digital officer (CDO) from 2019 to 2023, is expected to bring “elite digital commerce execution” to DBGI’s leadership team as its newest Board member.
Tursi Soccer Opens First Store in Washington State
Portland, OR-based Tursi Soccer has opened its first store in the Washington State in Tacoma, bringing its store count to five.
SGB Executive
Salomon Appoints 20-Year Nike China Veteran as New GM for China
Vincent Du grew his career at Nike, having served in Nike Greater China for 20 years. His most recent role being vice president of merchandising for Greater China prior to his departure.
Bluesign Appoints New CEO
Swiss-based textile chemistry and manufacturing standards body Bluesign has appointed Hanane Taidi as its new chief executive. Most recently, Taidi was the director general of the TIC Council.
EXEC: Adidas Blows Past World Cup Sales Expectations
Adidas sold four times as many jerseys and twice as many match balls as it did during the last World Cup, according to an e-mailed response to questions from Bloomberg News.
EXEC: Saucony Sees Sharp Slowdown of China Retail Sales Growth in Second Quarter
Xtep International Holdings, Ltd. reported retail sell-throughs for its flagship Xtep brand declined mid-single-digits year-on-year in the second quarter, while sell-throughs for its licensed Saucony business delivered low-single-digit growth.
EXEC: Lululemon Cut to Sell by Truist Securities on Dimming Recovery Prospects
Truist Securities reduced its rating on Lululemon Athletica to “Sell” from “Hold” as the firm believes the yoga-themed retailer’s turnaround will prove more challenging than current price levels show.
