SGB Media Revises Holiday Publishing Schedule
SGB 2023 Year In Review: Active Lifestyle M&A Activity Remains Quiet —Part I
Nordstrom Family and Mexico-Based Partner Acquire Nordstrom Business for $6.25B
EXEC: New Nike Inc. CEO Lays Out Pain Points Ahead and Plans to Re-Focus on Sport
EXEC: Nike’s NA Q2 Footwear Down 14 Percent; Reduces Classics Share of Business
SGB Update
SGB Media Revises Holiday Publishing Schedule
In observance of the end of year holidays, SGB Media is taking time to be with family and friends and will adjust its Morning and Evening Update Newsletter publishing schedule
Nordstrom Family and Mexico-Based Partner Acquire Nordstrom Business for $6.25B
The company has signed a definitive agreement under which Erik Nordstrom, Pete Nordstrom and Jamie Nordstrom, and other members of the Nordstrom family will own 50.1 percent and El Puerto de Liverpool, S.A.B. de C.V. (Liverpool), will own 49.9 percent of Nordstrom, Inc.
Scholastic Sports Sales Owner Jeff Miller Passes Away
Miller owned Scholastic Sports Sales, which celebrated its 50th anniversary in April 2024 and is in its third generation of family ownership. He was a member of the NSGA Board for two terms from 2015 to 2021. He unexpectedly passed away on December 19 at age 69.
U.S. Congress Re-Authorizes the Economic Development Administration
The EDA, a federal agency focused on promoting economic growth and job creation in communities across the country, plays a crucial role in supporting the outdoor recreation economy.
U.S. Senate Passes EXPLORE Act Modernizing Outdoor Recreation Policy
A first-of-its-kind bipartisan package that improves outdoor recreation on America’s public lands and waters. The EXPLORE Act passed the U.S. House earlier this year. It will now go to the President’s desk for signature.
SGB Executive
SGB Media Revises Holiday Publishing Schedule
In observance of the end of year holidays, SGB Media is taking time to be with family and friends and will adjust its Morning and Evening Update Newsletter publishing schedule
SGB 2023 Year In Review: Active Lifestyle M&A Activity Remains Quiet —Part I
While the active lifestyle industry again saw a number of smaller to medium-size acquisitions during 2024, major deals for the second year in a row were few and far between due to a combination of higher interest rates, an uncertain economy, and fewer consolidators. A roundup of M&A action in the industry for the first half of 2024.
EXEC: New Nike Inc. CEO Lays Out Pain Points Ahead and Plans to Re-Focus on Sport
The new CEO did not ride in on a white horse or a chariot as a conquering hero, but as a janitor, not unlike Mr. Earl, who realizes he has a big job to do but also has a clear mind on what must be done.
EXEC: Nike’s NA Q2 Footwear Down 14 Percent; Reduces Classics Share of Business
In North America, Nike Direct declined 15 percent, with Nike Digital down 22 percent and Nike stores down 3 percent.
Wholesale declined 1 percent. Nike said it took another step forward shifting the product portfolio by reducing the proportion of our business driven by the Classic Footwear franchises.
EXEC: Nike Inc. Q2 Reaction May Be More About the CEO’s Plan – Not Key Metrics
That plan has to include boosting innovation in a market that has embraced On, Hoka and a number of other nascent running brands that have taken share in the “technology as fashion” column, as well as brands such as Adidas and Asics that are taking share on the lifestyle side.
