The Securities and Exchange Commission (SEC) charged Newell Brands and Michael Polk, its former CEO and current CEO of Implus, with misleading investors over financial accounting practices. (Read More)
Lululemon confirmed that it laid off approximately 120 Lululemon Studio employees following the announcement that it partnered with Peloton and the related discontinuance of its Mirror device. (Read More)
Dick's Sporting Goods plans to open a new store at Orchard Town Center in n Glen Carbon, IL, in spring 2025. (Read More)
Richard Collier has resigned his position as CEO of Jack Wolfskin and will leave the company at the end of the year. Matthew Jung, GM of China, will take over the CEO role globally in January 2024. Natascha el Mahmoud, GM commercial Europe, is also leaving the company in early 2024. (Read More)
Scott Zalaznik, Adidas' SVP of digital, is leaving the company, according to a report from Germany’s Manager Magazin. His successor is Tobias Seemann, who joins the company as SVP of global digital and e-commerce in October. (Read More)
Kohl's hired retail veteran Fred Hand as senior EVP and director of stores, reporting to President and Chief Operating Officer Dave Alves. Hand will be part of Kohl's senior executive leadership team and support the company's strategic focus to drive store sales and productivity. (Read More)
Outdoor Gear Exchange, which operates one store in Burlington, VT, plans to open a second in Essex Junction, VT. (Read More)
Nike, Inc. reported profits slipped 1 percent in the fiscal first quarter ended August 31. Sales grew 2 percent on a currency-neutral basis as double-digit gains in China helped offset a 1 percent decline in North America. Earnings came in well above analyst targets but sales were slightly below. (Read More)
