EXEC: Why is Nike Back in Play on Wall Street?
There may be some light at the end of the tunnel for Nike investors after NKE shares tallied their longest winning streak in over eight years, pushed higher by a range of actions.
EXEC: Li Ning Company First Half EPS Declines Despite Revenue Growth, Margin Expansion
Li Ning Company Limited reported its overall performance remained stable with pragmatic growth in the 2024 first half (H1) period. Revenue amounted to RMB 14,345 million in H1, an increase of 2.3 percent
Guess?, Inc. Announces CFO Transition
Dennis Secor has been appointed interim chief financial officer of Guess?, effective August 26, 2024. He succeeds Markus Neubrand, who is stepping down to pursue another opportunity
Adidas America Faces OSHA Penalties for Ongoing Hazards at New York DC
Adidas America, Inc. has 15 business days from the receipt of the citations and penalties to comply, request an informal conference with OSHA’s area director or contest the findings before the independent Occupational Safety and Health Review Commission.
Stance Appoints David Tichiaz as Chief Executive Officer
Stance Co-Founder John Wilson will remain with the company as an advisor. Tichiaz joined Stance in 2023 as president after a 15-year career at Vans.
“Feels Like Ugg” Celebrates Feeling Good Inside and Out
UGG, a division of Deckers Brands, launched the next chapter of its “Feels Like UGG” campaign featuring a global cast dressed in the UGG AW 2024 collection.
Do U.S Office Workers Really Have a Strong Preference to Work in the Office?
Approximately three-quarters of respondents (73 percent) said they would not consider going into the office if their commute was longer than 45 minutes roundtrip, but many opinions differed based on career position.
Circana: July Retail Sales Reveal a Summer Vacation From Discretionary Spending
Circana said products are prioritized based on need, and financial concerns and competitive product offerings across all channels test brand loyalty.
Allbirds, Inc. Appoints Ravi Thanawala to Board of Directors
Thanawala spent seven years with Nike, Inc. where he held positions including CFO of Nike North America, Global VP and CFO of the Converse brand and Global VP of Retail Excellence during a time of digital transformation for the business.
Reima Appoints NA Wholesale Marketing Manager
Cotopaxi veteran Drew Eakins is Reima’s new wholesale marketing manager for North America. He will be based at the brand’s North American headquarters in Golden, CO.
U.S. Census Bureau Reports 5.2 Percent Y/Y Growth for July Core Retail Sales
Sporting Goods, Hobby, Musical Instruments, and Bookstore sales were reported down 6.8 percent y/y from July 2023, doubling the 3.4 percent year-over-year decline reported in June, and down 0.1 percent versus June 2024.
NFL and Fanatics to Stage Pop-Up Shops in Brazil Ahead of Season Opener
The Eagles and Packers will open the 2024 NFL season in Brazil on September 6 at the Corinthians Arena in São Paulo. The NFL and Fanatics will open six retail stores in the country before the first regular-season game, including a roughly 10,700-square-foot superstore and a retail outlet at the NFL Experience.
EXEC: Lolë Brands Acquires Sanuk Footwear from Deckers Brands
Katie Pruitt, who has worked for Deckers for nearly 13 years, including four years with Sanuk, was appointed VP and general manager of Sanuk at Lolë Brands. Lolë said she is the “ideal choice to lead the brand into the future.”
Walmart’s Strong Second Quarter Drives Wall Street Indices Higher
Walmart Inc. shares were up in the mid single digits on Thursday morning, Aug. 15 and assisted in driving the stock market up as a whole as analysts heralded strong retail numbers.
EXEC: Nike Cuts Off Shipments for Türkiye Online Orders
The move by Nike comes as Türkiye’s Ministry of Trade increases the duty paid on shipments valued over €30 to 30 percent from 20 percent, if arriving from EU countries, and to 60 percent from 30 percent if arriving from other countries.
