Sports Direct Owner Acquires Luxury Website

Frasers, the U.K.-based parent of Sports Direct, has acquired Coggles, an online seller of designer fashion, from THG as part of a multi-year partnership that also includes Frasers using THG’s technology in some parts of its business.

Stan’s NoTubes Hires Product Manager and Engineer

Brendon Brogan was hired by Stan’s NoTubes as a product manager and Kai Gabriel as an engineer, who interned for the company while attending Penn State University for mechanical engineering with a minor in engineering design.

Garmin Appoints Co-COOs

Patrick Desbois and Brad Trenkle were promoted to the newly created role as co-chief operating officers (Co-COO), effective July 1, 2024. Desbois had been Garmin’s EVP of operations, while Trenkle led the company’s outdoor segment.

Target+ Opens to Shopify Sellers in New Partnership

Target Corp. unveiled a new partnership with e-commerce platform Shopify aimed at expanding its digital marketplace offerings. Beginning June 24, merchants currently utilizing Shopify’s services can apply to join Target+, the retailer’s third-party marketplace.

Nike Faces Shareholder Lawsuit Over DTC Strategy

A Nike, Inc. shareholder has filed a securities class action in the District of Oregon’s Portland division, claiming the company misled investors about the financial effects of prioritizing direct-to-consumer sales. Plaintiffs are seeking class-action status, an unspecified amount in damages and a jury trial.

Athleta-Parent Hires Chief Technology Officer

Prior roles for Sven Gerjets include chief information officer, Time Warner; SVP, information technology, DirecTV; chief technology officer, Pearson; director, global e-commerce, Symantec. Most recently, Gerjets was the EVP and chief technology officer from July 2017 to May 2024 at Gap, Inc.

Report: Retail Sales Show Signs of Stabilization in May

The latest report from Circana reveals that U.S. retail sales, encompassing discretionary general merchandise and consumer packaged goods (CPG), have experienced a 1 percent growth, with consumers adapting their spending habits in response to moderating price pressures.