Stio to Open Mountain Studio in Breckenridge

The apparel, footwear and gear company for the “mountain life” will open a new Mountain Studio in downtown Breckenridge, CO, this July. The storefront will be its fourth in Colorado and 13th nationwide.

Burghardt Sporting Goods to Exit Fox Point Location

The Milwaukee-based team dealer and sports retailer said the decision will allow the company to focus on its “thriving” New Berlin location, a larger and more interactive space. Sixth-generation family member, Maggie Burghardt, daughter of owner Brian Burghardt, has joined the company as a sales and marketing associate.

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.