SGB Update Footwear
TJX Companies Elects New Board Director
TJX Companies, Inc.’s Board of Directors elected Charles F. Wagner, Jr. to its Board, effective immediately. Wagner is the EVP and CFO of Vertex Pharmaceuticals, Inc., a role he has held since 2019.
Nike Extends Refurbished Program To Nike.com
Nike extended its Refurbished program to its website, offering discounts on refurbished sneakers. The company introduced the program at select Nike and Nike Factory Outlet stores in April 2021 to support its broader Move to Zero climate change initiative.
M&S | The Sports Edit Adds Activewear Brands To Growing Platform
Marks & Spencer’s M&S | The Sports Edit is adding Adidas, Columbia, Sweaty Betty, Regatta and Sorel to its dedicated sportswear platform on M&S.com as part of its continued push into the sportswear category.
New Balance Opens Concept Store in London
New Balance opened an experiential concept store in London’s Westfield Stratford City Mall, targeting younger consumers. The store is the company’s third globally. The first opened in Guangzhou, China, in 2022, and the second in February 2023 at 124 Newbury Street in Boston.
Adidas Sues LIV Golf For Trademark Infringement Over Logo
Adidas filed a lawsuit against LIV Golf, the Saudi Arabian golf league, for trademark infringement, charging the ‘L’ in LIV’s logo looks too similar to its iconic ‘three stripes’ brand.
Sorel Opens Pop-Up Shops Inside Hudson’s Bay
Hudson’s Bay, the Canadian luxury department store chain, opened three Sorel footwear pop-up shops on September 22 at Hudson’s Bay flagship stores in Vancouver, Montreal and Yorkdale in Toronto.
Bain Forecasts Nominal U.S. Holiday Sales Gain
Bain & Company forecasted nominal U.S. retail sales to slow this holiday season, with the lowest growth rate since 2018. Unadjusted seasonal sales are expected to grow 3.0 percent year-over-year (YoY) in November and December, reaching nearly $915 billion, with 90 percent of the growth coming from non-store (e-commerce and mail-order) sales.
PGA Tour Superstore to Open Location in Greater Richmond Area
PGA Tour Superstore reported it plans to open a store in early 2024 in Glen Allen, VA, its first in the greater Richmond market, at Colonnades West, on the corner of Cox Road and West Broad Street.
Survey Finds 92 Percent of Consumers Cut Spending This Year; Apparel Tops Cuts
A recent CNBC-Morning Consult survey found that 92 percent of U.S. adults reduced their spending over the past six months, and the majority expect to remain frugal through the 2023 holiday shopping season.
Nike Rise Store to Open in Birmingham, England
Nike plans to open a Nike Rise concept store in Birmingham, its second to open in the U.K. and the first outside of London, according to Hammerson, the British property development and investment company that owns Bullring.
Gartner Survey Points to Softer Holiday Spending
According to a survey of 302 consumers conducted in June by Gartner, Inc., only nine percent of respondents said they plan to spend more this holiday season than in 2022, with 28 percent saying they will spend less and 63 percent saying they would spend the same.
Nordstrom Adds Board Member
Nordstrom, Inc. appointed Guy B. Persaud to its Board of Directors, effective immediately. Persaud is president of the new business unit at Procter & Gamble.
Shoe Carnival Increases Quarterly Dividend
Shoe Carnival, Inc.’s Board of Directors approved a quarterly cash dividend payment of 12 cents per share, representing an increase of 20 percent from 10 cents per share.
AGM Names Director of Membership & Education
The Association of Golf Merchandisers appointed Justine Gray as director of membership and education.
JD Sports Posts Double-Digit H1 Growth in N.A. with DTLR, Finish Line, JD and Shoe Palace
U.K.-based JD Sports Fashion reported total revenue of £4.78 billion ($5.91 billion) for the first half of its fiscal year ended July 29, up 8.3 percent year-over-year. JD said organic growth in its North America business was up 15 percent with the three largest segments—Finish Line/JD, DTLR and Shoe Palace—delivering between 13 percent and 17 percent organic sales growth.
