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.
Bobby Jones Links Names VP of Revenue Management
With a diverse background in various industries, including golf, hospitality and education, Eric Escamilla’s career, includes roles as regional director of Membership Sales at Heritage Golf Group and director of Membership at ClubCorp.
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.
AstroTurf Corporation Acquires Coast to Coast Turf
Coast to Coast Turf’s operations and leadership, including Founder and President Steve Webb, will continue post-transaction and partner with AstroTurf to support future growth.
Hanesbrands, Inc. Reaches Proposed Settlement in May 2024 Data Breach Case
A proposed settlement has been reached with the company relating to a sophisticated ransomware attack on HBI discovered by the company in May 2022.
AstroTurf Welcomes New Regional Sales Manager
Chris Siegle joins AstroTurf as the new regional sales Manager for Western Pennsylvania and Western New York. He brings an extensive background in sports and coaching of over two decades to the role.
Big 5 Sporting Goods Renews Five-Year Credit Facility with BofA
The company has entered into an agreement to amend and extend its credit facility with Bank of America, N. A., as administrative agent and lender.
OHM Fitness Opens First Arizona Location
The studio’s 2,200-square-foot space marks a larger expansion plan for the company in the Arizona’s West Valley and nationwide. Franchisees Casey Meyeres, April Meyeres, Candice Johnson, and Chris Johnson lead OHM’s West Valley location.
Skechers Opens New Flagship in Prague, Czech Republic
Skechers now has eight retail locations in the Czech Republic, including five additional stores in Prague, Modřice and Ostrava.
EXEC: UK Retail Sheds 225,000 Jobs in Five Years but Pay Growth Up 25 Percent
Pay growth at retail was said to be well above the national average at 8.5 percent in 2024, and up over 25 percent since 2021. The October Budget increases the National Living Wage by a further 6.7 percent, adding over £2.7 billion to retailer wage bills from April 2025.
SIA Participation Study Data Reveals Snowboarding and XC Skiing as Most Diverse
The SIA study found that Black male snowboarders make up 13 percent of male participants, which stands as the highest proportion of male snowboarders across all winter sports disciplines in the U.S.
ICSC Makes Final Argument for Brick & Mortar Holiday Shopping in New Survey Report
The membership trade organization serving the commercial real estate and retail industries reported physical stores remain an important part of holiday shopping, as 84 percent of surveyed respondents intend to shop in-store or visit a store to pick up an online order.
EXEC: Clothing and Footwear Are Key Contributors to UK’s Growing Inflation
November’s figures were driven primarily by increased inflation rates of fuel, clothing, and footwear, according to the British Retail Consortium (BRC).
Nordstrom Sets Plan to Open Rack Store in Nashua, NH
The 30,000-square-foot store will be located in Royal Ridge Center, a shopping center that includes Marshalls, Sierra Trading Post, HomeGoods, PetSmart, The Paper Store, and other retailers.
