SGB Update Footwear
NGF Report: Golf Equipment Sell-in Still Growing
Despite supply chain constraints, shipments from golf equipment manufacturers in 2022 has remained strong, matching last year’s growth, according to the National Golf Foundation (NGF).
Academy Sports Appoints Board Member
Academy Sports and Outdoors, Inc. appointed Theresa E. Palermo to its Board of Directors and Nominating and Governance Committee. With this change, Academy’s Board now numbers nine directors.
Rebag Adds Apparel And Footwear
Rebag, the luxury resale marketplace founded in 2014 with a focus on handbags, accessories, fine jewelry and watches, is expanding its offerings, beginning to include select apparel and footwear.
Nike Invests $3M In Michigan HBCU
Pensole Lewis College of Business & Design, an HBCU in Michigan owned by footwear designer D’Wayne Edwards, announced that Nike is investing $3 million over three years in the college.
Kohl’s Debt Ratings Outlook Revised To Negative
S&P Global Ratings revised its ratings on Kohl’s to negative on softening consumer spending.
Survey Finds Runners Value Sports Sponsors
A survey conducted by Elevent found that runners are more sponsorship savvy than the general public, including having a more positive perception of sponsors and a willingness to work with them.
Macy’s Accelerates Off-Mall, Small-Format Strategy
As part of its Polaris strategy, Macy’s announced that it would open four off-mall, small-format stores this fall. The locations will include Market by Macy’s, a smaller store with curated offerings, and the first dual Market by Macy’s and Macy’s Backstage off-price location.
Nordstrom Names Two Executive Leaders
Nordstrom, Inc. promoted Deniz Anders to senior vice president and chief marketing officer and Nina Barjesteh, formerly a senior executive at Dick’s Sporting Goods, as president of Nordstrom’s product group.
Flight Club Reopens In Los Angeles
Flight Club Los Angeles has undergone extensive remodeling and reopened two years after COVID and civil unrest closed the location, according to the Los Angeles Times.
Kizik Announces $20 Million Series B Funding Round
Kizik, the footwear manufacturer, and its parent, HandsFree Labs, Inc., announced completing a $20 million Series B funding round.
Nike To Move To Larger Space At Dallas’ Northpark Center
Nike announced it is moving into a larger space in Dallas’ Northpark Center, which was vacated last month by H&M.
Superfeet Partners With Materialise
Superfeet, the insoles maker, announced a partnership with Materialise, a specialist in 3D printing solutions.
KMD Brands Announce Kathmandu CEO Resignation
KMD Brands, Ltd. advised that Reuben Casey has given notice of his resignation as Kathmandu brand CEO.
Ross Stores Opens 29 New Locations
Ross Stores recently opened 21 Ross Dress for Less and eight dd’s Discounts stores across 12 states in June and July. These new locations are part of the company’s plan to add approximately 100 new stores—75 Ross and 25 dd’s Discounts—during fiscal 2022.
Kohl’s Chief Technology Officer To Exit
According to a securities filing, Kohl’s announced that Paul Gaffney, the company’s chief technology and supply chain officer, will depart on August 1.
