Pou Sheng Names New CEO, Chairman

Pou Sheng, Yue Yuen’s Chinese retail subsidiary, appointed Wang Jun as CEO, effective July 1, succeeding Shao-Wu Lee who is stepping down to become chairman.

Nike’s Q4 Tops Wall Street Targets

Nike, Inc. reported earnings in its fiscal fourth quarter ended May 31, down 5 percent year-over-year but topped Wall Street estimates. Sales were down one percent as a 7 percent decline in its wholesale segment was offset by a 7 percent gain in direct sales. 

Genesco Appoints Board Member

Genesco, Inc. announced that the independent directors of the Genesco Board unanimously selected Gregory A. Sandfort as its lead independent director, effective June 23, 2022. 

Employees At REI’s Berkeley, CA Store Seek To Unionize

Employees working at REI’s Berkeley, CA store have asked the outdoor retailer to recognize their intent to form a union, according to Berkleyside.org; this comes after employees working at REI’s Manhattan store in March voted to create the first union at the co-op.