Adidas Appoints New GM for India

Vijay Chauhan, most recently SVP International at American Eagle Outfitters, joins Adidas as GM for India, effective August 1. He will succeed Neelendra Singh, who is stepping down after over two decades with the company.

Decathlon Closing Five Greater Toronto Area Stores

Decathlon is closing its five stores in the Greater Toronto area this summer. The retailer provided no reason for the closures, but the French sporting goods chain stated in a media release that it had recently launched same-day delivery and is considering opening smaller store formats or adopting a wholesale distribution model to serve the region.
 

Survey: Back-To-School Spending Expected to Hold Up

According to PwC’s 2025 Back-to-School Survey of nearly 1,200 parents, over one in three parents anticipate spending more than the amount they spent last year. For surveyed respondents who plan to cut back on shopping for back-to-school items this year, technology and clothing were cited as top categories for reducing spend.

Nike, Inc. Nominates Former Lego CEO for Board Seat

Jørgen Vig Knudstorp, former president and chief executive officer of the Lego Group from 2004 to 2016 and current deputy chair of the Lego Foundation, is expected to replace Cathleen Benko, a former Deloitte executive who is retiring from the board.

U.S. Consumer Confidence Worsens in June

U.S. consumer confidence unexpectedly declined in June, underscoring anxiety about the potential impacts on the economy and job market from higher U.S. import duties. The Conference Board’s gauge of confidence decreased 5.4 points to 93.

Garmin’s Gradient Simulator Raises Bar on Indoor Cycling

Featuring a design that accommodates the motion of Tacx Neo 2T and 3M smart trainers, Tacx Alpine builds upon the immersive ride experience by mimicking grades from up to 25 percent to -10 percent and enabling steering, creating a more realistic ride for a fully immersive experience.

PGA Tour Superstore Owner Grants $10M to Non-Profit The First Tee

Arthur Blank, owner and chairman of the Blank Family of Businesses and the Arthur M. Blank Family Foundation, joined First Tee as a National Trustee in 2011. Since then, support from Blank’s PGA Tour Superstore and the family’s foundation has helped fuel the growth of First Tee’s programs.