SGB Footwear

Buckle Stores Faces Credit Card Breach

The Buckle confirmed a data breach. The retailer discovered intruders had planted malware on their cash register systems to steal credit card data from customers between October 28, 2016 and April 14, 2017.

Zalando Aims To Double Revenue By 2020

Zalando is seeking to double its revenues by 2020, Rubin Ritter, its co-chief executive, said at a media event. The executive made the prediction while announcing that Europe’s biggest pure online fashion retailer had formed partnerships with Nike and H&M and the Bestseller group.

Nike To Axe 2 Percent Of Its Workforce In Restructuring

The restructuring will impact about 1,400 jobs globally and also includes a heightened focus on 12 key cities, the reduction of its geography structure to four regions from six and the creation of a Nike Direct organization to address the digital opportunity.

Nike Announces New Consumer Direct Offense

Nike is reducing its geography structure from six to four regions, appointing Michael Spillane to the new role of president of categories and product and creating a new new Nike Direct organization to improve speed to market and better engage consumers. The changes will result an overall reduction of approximately 2 percent of the company’s global workforce.

Skechers Scores Victories In Patent Dispute With Adidas

Skechers USA Inc.. announced that in two separate rulings the United States District Court for the District of Oregon denied Adidas’ motion for a preliminary injunction seeking to prevent Skechers from selling its Mega-Blade series of children’s shoes, and dismissed Adidas’ claim against Skechers for willful infringement of two patents allegedly covering Adidas’ Springblade shoes.

Retail Sales Remain Flat In May

Retail sales in May were essentially unchanged on a seasonally adjusted basis after an upwardly revised gain of 0.6 percent, according to calculations released by the National Retail Federation.