SGB Update Apparel

Rakuten Rewards Appoints Chief Marketing Officer

Previously, Wendy Bergh was the general manager of Zoom’s Online business as the company became an AI-first work platform. She also held leadership roles at ServiceNow, Minted and Walmart.

Saks Hires Financial Advisors

Saks Global Enterprises has hired PJT Partners, Kirkland & Ellis and Bank of America Corp. to help the retailer explore ways to raise new financing alongside the asset-based loan it is pursuing.

Academy Sports Board Member Resigns

Scott Boatwright, an independent board member, has resigned as a director, reducing the size of its board from eleven to ten directors.

Solo Brands’ Q1 Sales Slide 9.5 Percent On Solo Stove’s Restructuring

Solo Brands Inc’s. sales declined 9.5 percent in the first quarter ended March 31 as Solo Stove’s revenues tumbled 49 percent, as planned, due to efforts to reduce discounting and promotion in its DTC channel. The company showed a loss in the period and reiterated its going concern warning. 

Import Cargo Levels Expected to See First Year-Over-Year Drop Since 2023

Import cargo at the nation’s major container ports is expected to see its first year-over-year decline in over a year and a half this month as the effect of tariffs imposed by the administration on the supply chain increases, according to the Global Port Tracker report released by the National Retail Federation and Hackett Associates.