SGB Footwear

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.

JD Sports Opens First Canadian Flagship

The Robson Street store is JD’s first exterior street-front location in Canada and features the largest LED display in JD’s Canadian footprint, a DJ booth, and shop-in-shops for Nike, New Balance and Adidas brands.

EXEC: Switchback Spring Brings Energy Back to a National Outdoor Show

While energy was high and attitude was positive, the show, unfortunately, did not escape the usual backroom banter and aisle talk about the venue’s few shortcomings, particularly about timing. Diversified will need to be cautious about whom they listen to and the motives of those pushing in each direction, as the outdoor industry risks a déjà vu event with this new potential gem.

Nike Board Member Plans to Retire from Board

Cathleen Benko, a former leader in Deloitte’s “Digital Giants” practice, plans to retire as a member of Nike’s Board of Directors, effective as of the company’s 2025 annual meeting of shareholders.