Signa Sports United N.V. announced an acceleration of its strategic realignment and performance enhancement program in light of continuing macroeconomic headwinds, oversupply in the market and the company’s severe liquidity and profitability challenges. In connection with the strategic realignment, the company will delist its shares from the NYSE and terminate its SEC reporting requirements. (Read More)
SGB Media reported its Top 20 most-read articles, and the coverage included many of the usual big brands and a few companies that have been silent of late. The Top 5 included articles about Sportsman's Warehouse, West Marine, Dick's Sporting Goods, Amer Sports, and Asics Corp., with Academy, Champion and Nike seeing high readership. (Read More)
The RealReal announced that Robert Julian will step down as chief financial officer, effective January 31, 2024, or when the company finds his replacement. (Read More)
The SEC on Friday charged Newell Brands and Michael Polk, its former CEO and current CEO of Implus, with misleading investors over financial accounting practices. The company and Polk agreed to a settlement with the SEC. (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)
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)
Salomon hired Steve Doolan as president of Salomon Americas, effective October 23, leading the business from its regional headquarters in Ogden, UT. (Read More)
