SGB Update Apparel
Paka to Transition into Outdoor Specialty; Adds Indie Sales Agencies
In preparation for its transition this fall from direct-to-consumer to driving growth through select outdoor specialty retailers, the company expanding its national sales team.
NSGA Names COO of Denver Athletic to Three-Year Board Term
Jessica Rose-Huggins of Denver Athletic in Englewood, CO, was appointed to the District II Board seat. Her three-year term began on June 1. She replaces Mick Montgomery, the president and CEO of Denver Athletic, who served two three-year terms on the Board.
Academy Sports + Outdoors Expanding with Three New Locations
The retailer has opened two new locations in Fort Walton Beach, Florida. and Midlothian, Virginia; and will open another new store in Morgantown, West Virginia later this month.
Citi Trends Raises Outlook as Q1 Comps Jump Nearly Double-Digits
The urban off-price chain raised its guidance for the year after reporting improved earnings on a 9.9 percent same-store gain in the first quarter.
Reebok Gets Another Shot at Being Relevant Again
As a global brand development and licensing platform, the company said the partnership with Slam Jam underscores Authentic’s mission to unlock Reebok’s full potential through culturally connected relationships that deepen consumer affinity.
Nike, Inc. Names Chief Communications Officer and Member of Senior Leadership Team
Effective July 7, 2025, Michael Gonda joins Nike from McDonald’s Corporation, where he held several senior leadership roles, including chief impact officer for North America and global chief communications officer.
NRF: Father’s Day Spending To Hit Record $24 Billion this Year
U.S. consumers are poised to spend a record $24 billion on Father’s Day this year, according to an annual survey from the National Retail Federation. Over three-quarters of consumers (76 percent) plan to celebrate the occasion, spending an average of $199.38 per person, up from $189.81 in 2024.
StockX Hires New Head of Creative
Daniel De Jesus Krueger, joins the company from Fulwell Entertainment, formerly The Springhill Company, which LeBron James and Maverick Carter founded. Krueger also led The Nike Brand Studio at Uninterrupted, a media company founded in 2014 by James and Carter.
VF Corp. Spin-Off Completes Acquisition of Helly Hansen
Kontoor Brands Inc. (KTB), the former denim unit of VF Corp, completed the acquisition of Helly Hansen from Canadian Tire Corp. for approximately $900 million. The acquisition is expected to be immediately accretive to KTB’s revenue, earnings and cash flow this year.
Topgolf Callaway Completes Sale of Jack Wolfskin to Anta Sports
Topgolf Callaway Brands Corp. completed the sale of Jack Wolfskin to Anta Sports, the largest shareholder of Arc’teryx, Wilson and Salomon parent Amer Sports, for $290 million. Callaway acquired Jack Wolfskin in 2019 for $476 million.
Fanatics to Manage Utah Jazz and Utah Mammoth Fan Shops
The Mammoth becomes the fourth NHL club for which Fanatics operates in-venue retail, while the Jazz join as Fanatics’ 12th NBA partner, eight of which are omnichannel.
Kohl’s Trims Q1 Loss, Same-Store Sales Slide 3.9 Percent
Kohl’s Corp. narrowed its loss in the first quarter ended May 3 as sales declined 4.1 percent. The retailer maintained its guidance for the year.
Yue Yuen Appoints Board Member
Yue Yuen appointed Chou Wei-Te, executive assistant vice president at its retail arm, Pou Chen, to its board as an executive director. He replaces Chan Lu Min, who is retiring.
VF Appoints New Chief Accounting Officer
Michael Phillips succeeds Bryan McNeill, who is retiring after 30 years with the company. Phillips has served as the VP Enterprise Financial Reporting controller of the company since September 2022.
Nike’s Design and Innovation Chief John Hoke to Retire in the Fall
John Hoke, Nike’s chief innovation officer, is retiring after serving in the role since 2023. He first worked at Nike on stores and fixtures before getting into footwear. An architect by training, he is credited with designing a NikeTown store and buildings on the Nike campus.
