Adidas’ Head of Global Operations to Exit
Martin Shankland plans to step down as head of global operations and leave the company after 27 years with the brand. Shankland is also an Executive Board member and will officially step down on August 10.
Dick’s SG to Close Remaining Moosejaw Stores
Moosejaw, acquired by Dick’s Sporting Goods in March 2023, will close its remaining three stores. Moosejaw’s company website was integrated into the Public Lands website, the outdoor arm of DKS.
Report: High Prices Top Back-To-School Stressors for Parents
RetailMeNot’s 2024 BTS survey found that parents sending their kid(s) back to grade school will spend, on average, $506, and those sending their college-age kids BTS will spend, on average, $821.
Lightspeed Commerce Narrows Fiscal Q1 Loss as Revenues Increase 27 Percent
Transaction-based revenue was $174.1 million, an increase of 44 percent year-over-year, and Subscription revenue came in at $83.3 million, an increase of 6 percent year-over-year.
U.S. Manufacturing Sector Contracted in July for Fourth Consecutive Month
The ISM is reporting that economic activity in the manufacturing sector contracted in July for the fourth consecutive month and the 20th time in the last 21 months.
JD Sports, Nike’s First Global Retail Connected Member Partner
Through the partnership, JD’s U.S. customers can access select Nike members-only footwear and clothing by linking their JD Status and Nike membership accounts through the JD app or website.
Geox Sales Slid 9.4 Percent in H1 Due to Wholesale Weakness
Geox reported consolidated sales for the first six months amounted to €320.4 million, decreasing by 9.4 percent compared to the previous year or down 8.0 percent at constant exchange rates, primarily due to the negative performance of the Wholesale channel and Franchising, only partially offset by the positive trend of the Direct Digital channel.
Currex Insoles signs Tanner Tessmann and Christian Ramirez as Sponsored Athletes
Soccer pros Christian Ramirez and Tanner Tessmann signed sponsorship agreements with Currex to wear and promote Currex CleatPro insoles, made for cleated shoes, that help players play with “better control, precision and stability.
EXEC: Jobs Report Sends Markets Lower on Concerns Over U.S. Economy
The U.S. economy only added 114,000 non-farm payroll jobs in July, fewer than the 175,000 expected by economists. The unemployment rate rose to 4.3 percent — its highest level since October 2021.
Skechers Launches Footwear Collection With John Deere
The new work, outdoor and fashion offering for men and children pairs John Deere’s iconic heritage with Skechers comfort technologies.
Allbirds Taps Belle Fashion Group as Greater China Partner
Belle Fashion Group is now the exclusive distributor and licensee for Allbirds in mainland China, Macau and Taiwan. The deal was effective at the end of June.
Fred Segal Closes Remaining Store Locations
Fred Segal, the Los Angeles, CA luxury boutique, closed its remaining two stores and also shut down its website. Fred Segal Home, the brand’s luxury furniture store, will remain open in Culver City, CA, and the fredsegalhome.com website will continue.
Onebeat Expands Executive Leadership Team, Appoints Chief Revenue Officer
Sevonne Eliyahu brings nearly two decades of growth strategy and executive experience at tech giants, including SimilarWeb and LivePerson.
Sportsman’s Warehouse Secures $45 Million Term Loan
With the addition of the $45 million term loan, the company’s total borrowing capacity, which includes its revolving credit facility, is now $395 million.
EXEC: Crocs Brand Expects Weaker N.A. Sales in Second Half
Crocs, Inc. reported second-quarter sales and earnings that topped expectations but delivered cautious guidance for the back half, including a warning of flat sales for the Crocs Brand. CEO Andrew Rees said, “We see the U.S. consumer behaving cautiously.”
