Nike to Cut Jobs in Technology Division

The shake-up follows leadership changes and layoffs that CEO Elliott Hill implemented as part of his turnaround plan to profitability. Muge Dogan, formerly of Amazon.com, Inc., will remain as the company’s chief technology officer.

Authentic Brands Group Acquiring Dockers Business

The owner of the Eddie Bauer, Reebok, Forever 21, Aéropostale, Brooks Brothers, Lucky Brand, Nautica, and Nine West brands has entered into a definitive agreement with Levi Strauss & Co. to acquire its Dockers business for an initial transaction value of $311 million.

Pickleball Kingdom Franchise to Open in Arkansas

The indoor pickleball franchise, announced that its first club will open in Little Rock, AR, in November 2025. The facility will span approximately 30,000 square feet and feature 11 professional-grade indoor courts.