EXEC: Trump Announces New Trade Deal with Vietnam
Big 5 Sporting Goods to Go Private via Acquisition by Specialty Golf Retailer and PE Firm
EXEC: Citi Survey Finds Adidas’ Brand Perception Catching Up to Nike
EXEC: Nike Inc. CEO Expects $1 Billion Hit from Tariffs; Sees Turnaround Progressing as Planned
EXEC: Hibbett Parent JD Sports to Open More JD Stores in Spain
SGB Update
SGB Updates Will Not Publish on Regular Schedule This Week; Website is Live
SGB Media will not publish its regular SGB Morning Update or SGB Evening Update newsletter cadence the week of Independence Day, July 4, 2025. SGB Media will resume normal distribution on Monday, July 7.
Champs Sports Reopens Tampa and Portland Stores with “Reimagined” Concept
The Tampa and Portland stores are located in “dynamic markets, making them ideal locations to unveil a new store experience that reflects our brand ethos. —Tony Aversa, senior vice president and general manager of Champs Sports
Altri Acquires Majority Stake in Fiber Specialist AeoniQ
Portuguese fiber producer Altri SGPS S.A. has agreed to acquire a majority interest in Swiss clean technology company AeoniQ to support the commercial-scale development of a biodegradable cellulose-based filament designed to replace polyester and nylon.
StockX Names Senior Director of Customer Community and Engagement
Brendan Dunne will oversee editorial content and deepen the company’s connection with its audience of primarily Millennials, Gen Z, and increasingly, Generation Alpha. Previously, Dunne worked at Complex, overseeing editorial strategy, partnerships and content.
Cascale Appoints Former Nike Senior Exec as Interim CEO
Harsh Saini, who currently serves on Cascale’s Board of Directors, will lead the non-profit in advancing its key 2025 strategic priorities while it continues its global search for a permanent CEO.
SGB Executive
SGB Updates Will Not Publish on Regular Schedule This Week; Website is Live
SGB Media will not publish its regular SGB Morning Update or SGB Evening Update newsletter cadence the week of Independence Day, July 4, 2025. SGB Media will resume normal distribution on Monday, July 7.
EXEC: Trump Announces New Trade Deal with Vietnam
The revised deal includes the elimination of Vietnam tariffs on U.S. goods and a higher tariff on Vietnam shipments to the U.S, although it amounts to less than half of the 46 percent tariff imposed by the Trump Administration in early April.
EXEC: Citi Survey Finds Adidas’ Brand Perception Catching Up to Nike
Citi Research’s latest quarterly Global Sporting Goods Survey found that Nike out-ranked Adidas in terms of intent to purchase and is the athletic brand consumers perceive as the most innovative in North America. However, Adidas tied Nike for the highest Net Promoter Score (NPS) among athletic brands in June, highlighting the popularity of Adidas’ Terrace franchises
EXEC: Nike, Inc. Forcing Australia’s SurfStitch Into Liquidation
Nike claims SurfStitch owes it $237,760 and is demanding that the company be placed into liquidation. Edwin Narayan and Domenic Calabretta, from Mackay Goodwin, were appointed as administrators earlier this month to sort out the retailer’s finances.
EXEC: Nike Inc. CEO Expects $1 Billion Hit from Tariffs; Sees Turnaround Progressing as Planned
Nike, Inc. continues to face headwinds in its turnaround efforts, including an estimated $1 billion hit from tariffs. However, the company’s first-quarter guidance came in better than expected. Nike officials told analysts that its steps to reengage wholesale partners are paying off, with holiday bookings up. Shares of Nike in mid-day trading Friday, June 27, were up about 17 percent.
