In observance of Memorial Day, Monday, May 26, SGB Media has revised its publishing schedule.
Author: SGB Media
Walmart Restructures; Cuts Roughly 1,500 Corporate Jobs
The retailer is streamlining its global tech and Walmart U.S. operations, affecting approximately 1,500 employees. The U.S. retail cuts are mainly in the end-to-end operations teams and the Walmart Connect marketing organization.
Hoka and Ugg Parent Deckers Brands Names New Board of Directors Chair
Davis succeeds Michael F. Devine, III, who is retiring from the Board after over 14 years of service, including six years as chair. Her appointment is effective immediately.
Strava to Acquire Cycling Training App
Strava, which last month announced the purchase of running training app Runna, plans to acquire cycling training app The Breakaway.
Deckers’ Shares Fall as Hoka Growth Moderates for Fourth Consecutive Quarter
Hoka brand net sales increased 10.0 percent, Ugg brand net sales increased 3.6 percent, and Other brands net sales, which now includes Teva, Ahnu and Koolaburra, decreased 6.3 percent year-over-year.
On Elects Helena Helmersson to Board of Directors
Helmersson brings a wealth of experience from her long-standing career in the fashion industry. She served as the CEO of H&M Group from 2020 to 2024. She began her career at H&M in 1997 as a business controller in the company’s buying office and advanced through key leadership roles.
Ross Stores Sees Flat Q1 Comps, Withdraws FY Guidance On Tarrif Impact
Ross Stores Inc. reported flat same-store sales in the first quarter ended May 4 due to a slow start to spring selling. The off-pricer predicted a slight decline in second-quarter earnings and also withdrew its guidance for the full year due to margin pressures tied to tariffs on Chinese imports.
Cole Haan to Launch Performance Golf Apparel Line Spring 2026
The global American lifestyle, footwear and accessories brand, reported signing an exclusive agreement with Catapult Group to introduce a new performance apparel division. Cole Haan Golf Apparel will launch globally in Spring 2026, with racket sports and performance lifestyle collections to follow.
Zepp Health Corp. Sees DD Boost from Amazfit Brand in First Quarter
Consolidated sales declined 3.6 percent for the quarter, due primarily to the $5.0 million decrease in the sales of Xiaomi wearable products. Sales of Amazfit products grew 10.2 percent year-over-year, reportedly marking a return to growth since the first quarter of 2022.
The Picklr to Open 20 Clubs in Japan, with the First in Tokyo
With development oversight and ongoing support from The Picklr’s corporate team in Utah, all Japan-based clubs will reflect the same aesthetic, amenities, programming, and membership offerings as clubs in the U.S. and Canada.
Pickleball Kingdom Franchise to Open in Tinton Falls, New Jersey
The franchise club will offer a full suite of member benefits to provide optimal playing conditions combining outdoor court surfaces with an indoor environment for consistent play regardless of weather.
Dillard’s Q1 Profits Dip on Slight Sales Decline
Dillard’s, Inc. profits slid 9 percent in the first quarter that ended May 3 as same-store sales eased 1 percent and gross margins eroded 70 basis points.
PickleRage Expands Coast to Coast with Five New Franchisees
The new franchise partners will open clubs in the following markets: Newark, OH; Genesee County, MI; Greater Indianapolis, IN; Greater Charlotte, NC; and Las Vegas, NV.
Adidas Faces Steve Madden Lawsuit Over Stripe Design
Steve Madden filed a lawsuit in Brooklyn’s federal court against Adidas, saying it was “tired” of being targeted by Adidas for using elements that bear no resemblance to Adidas’ signature three parallel stripe design.
Stif Mountain Bikes to Close In September
Stif Mountain Bikes, a Bristol and Yorkshire-based bike shop and bike brand, plans to close its doors in September.
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