Nike is cutting jobs at its EU headquarters in Hilversum, Netherlands, outside of Amsterdam, as part of a multi-year cost-cutting plan, according to early reporting from Reuters, citing internal sources at the EU headquarters.
Author: SGB Media
Sportsman’s Warehouse Suffers Another Quarter with DD Comp Sales Declines
Same-store sales decreased 13.5 percent during the first quarter, on top of a 17.8 percent comp sale decline in the year-ago first quarter period.
EXEC: DBI Gets Q1 Lift from Topo and Keds While Dress and Seasonal Drag on Retail
DBI also acquired Rubino, a profitable Canadian footwear retailer operating nearly 30 stores, specifically serving the Province of Quebec. Quebec represents nearly one-quarter of Canada’s population, but DBI had no existing presence. Rubino did CN$47 million in 2023.
Golf Genius Acquires Swing by Swing Golf
Golf Genius reported it acquired Swing by Swing Golf, Inc., owner of the SwingU golf GPS and scorecard app and the SwingU Coach performance data platform.
Skechers Surpasses $11 Million in Animal Welfare Donations
The company’s philanthropic brand, Bobs , celebrates the milestone with a month-long series of events to save and support animals in need. Since 2015, the brand’s contributions have saved and helped over two million shelter pets.
Report: Top 10 Best Places to Camp in the U.S. in 2024
The list provides a variety of camping options from grasslands, forest, mountain, bay, valley, springs, canyon, park, lake, and elkamp (portmanteau for elevated camping) with rates from free to $300/night.
J.Crew Partners with USA Swimming on Exclusive Collection for Summer 2024
The partnership aligns with the American brand’s coastal lifestyle theme and DNA, “showcasing the joys of being by the water, in all its forms.”
NSGA Appoints New Member to Board; Gordon Geiger Takes Over as Chairman
Justin Miller started his three-year term on the Board and Gordon Geiger began his three-year term as Board Chairman on June 1. Miller is the president of Scholastic Sports Sales,
EXEC: Salomon Opens Two New Stores in Paris Ahead of the Olympics
The first Salomon Sportstyle brand store opened in Paris’ Le Marais neighborhood, joining its recently reported, newly opened Champs-Élysées flagship location.
NRF: Consumers Remain ‘Willing to Spend’ Despite Considerable Economic Headwinds
While the growth rate of consumer spending has begun to ease, owing to slower job and wage gains, higher interest and tighter credit, “consumers clearly remain willing to spend.”
Citi Trends Narrows Q1 Net Loss, Tempers Comps Outlook for Year as New CEO Takes Reins
Net loss per share was 42 cents, or a loss of 32 cents per share as adjusted, compared to a loss of 81 cents, or 66 cents as adjusted in Q1 2023.
Skechers Rings In 25th Anniversary with the NYSE and an All-Time High
Skechers, founded in 1992, celebrated its 25th year as a public company by ringing the New York Stock Exchange opening bell on June 3.
Detroit Bikes Brand Reenergized in New Company Launch
Beacon Manufacturing will reportedly be led by bike industry veteran Gary Thornton, who will serve as CEO and as the president of Detroit Bikes.
DSW Parent’s First Quarter Earnings Tank as Retail Side Looks to Restore Growth
First quarter net sales increased 0.6 percent year-over-year to $746.6 million. Total comparable sales decreased by 2.5 percent in the first quarter on top of a 10.4 percent decline in the year-ago Q1 period.
Banana Republic Opens Redesigned NYC Flagship Store
The store’s features merge a retail experience with art and architecture amd showcase Banana Republic’s men’s and women’s ready-to-wear, accessories and home collections within 17,000 square feet, covering two floors.
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal