Nike’s Momentum Continues In Q1

Nike Inc. reported earnings for the first quarter ended August 31 rose 15 percent and topped Wall Street’s targets. Sales climbed 10 percent on a currency-neutral basis due to double-digit growth internationally and in Nike Direct, accelerating momentum in North America, and growth in almost every category, led by Sportswear.

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Target Decorated Apparel Appoints President

Target Decorated Apparel, a leading contract decorator for the promotional products and retail industries, announced that Kevin Schardt has been appointed president. Schardt will assume the role previously filled by Target Decorated Apparel owner and chairman, Steve Kanney.

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Nordstrom To Reopen Doors At Mall Of San Juan

Retailer Nordstrom Inc. on Tuesday announced plans to reopen the company’s store at the Mall of San Juan in Puerto Rico. Closed since fall 2018 as a result of severe damage from Hurricane Maria, the two-story, 138,000-square-foot store will open again to customers on Friday, November 9, 2018.

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Under Armour Appoints Two To Senior Management Team

Under Armour Inc. on Tuesday announced two new additions to the company’s senior management team with the appointments of Alessandro de Pestel as chief marketing officer and Ann Funai as senior vice president, engineering.

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Sears’ CEO Urges Broad Debt Restructuring

Sears Holdings Corp CEO Eddie Lampert’s hedge fund in a regulatory filing called on Sears’ board to sell $1.5 billion more in real estate and restructure $1.1 billion in debt in order to stave off a bankruptcy filing.

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