SGB Update Footwear

NRF’s Chief Economist Transitions to Senior Economic Advisor

The National Retail Federation announced on Thursday, July 17, that Jack Kleinhenz, NRF’s chief economist since 2010, is stepping down to serve in a new capacity as senior economic advisor. NRF Executive Director of Research Mark Mathews will become NRF’s new chief economist while continuing to lead the research team.

Nike’s Artificial Intelligence VP is Departing

Jason Loveland, Nike Inc’s VP of enterprise AI/ML engineering, is exiting his post as Nike confirmed layoffs in May at its technology division as part of a broader restructuring.

Saks Global Appoints CFO

Saks Global appointed Brandy Richardson, formerly at Tailored Brands and Neiman Marcus, as chief financial officer, effective August 18.

Kohl’s Appoints JD Sports Exec as Chief Digital Officer

Arianne Parisi, most recently chief digital officer for JD Sports Fashion Plc, has been named the retailer’s chief digital officer. Starting on July 28, Parisi will join the company’s executive leadership team and report directly to Interim CEO Michael Bender.

Nike’s Debt Downgraded on Lower Profitability, Tariff Risks

S&P Global Ratings lowered its debt ratings on Nike, Inc., due to recent sales and margin declines that it expects will continue in its current fiscal year as well as ongoing tariff risks. The rating agency said, “We believe it will take multiple years to regain the market share lost to both apparel and footwear competitors and return Nike to historical levels of profitability.”

Rygr Taps Saks, Backbone and TNF Veteran as Company President

Hlidek replaces Brian Holcombe, who co-founded Rygr in 2016 and assumed the role of president in 2023. The company said Holcombe’s nine-year tenure helped shape the agency’s “strong foundation, culture and client portfolio.”

Survey: Potential Tariffs and Inflation Jump-Started BTS Shopping

“Consumers are being mindful of the potential impacts of tariffs and inflation on back-to-school items, and have turned to early shopping, discount stores and summer sales for savings on school essentials.” — Katherine Cullen, VP of Industry and Consumer Insights, National Retail Federation

361 Degrees Owned-Retail Posts Healthy Q2 Growth

China-based 361 Degrees International, Ltd. reported that brick-and-mortar retail sales of 361º core-branded products increased by approximately 10 percent year-over-year for the second quarter of 2025, which ended on June 30, moderating slightly after expanding by 10 percent to 15 percent in the first quarter.

EXEC: L.L.Bean CEO Stephen Smith Sets 2026 Transition Plan for Departure

Stephen Smith, the president and CEO of L.L.Bean, will leave the company in the spring of 2026, capping a decade of leadership at the iconic Maine-based outdoor brand. The L.L.Bean Board of Directors, led by Chairman Shawn Gorman, has initiated a search for his successor.

Lululemon Appoints SVP of Sustainability

Nike’s former chief sustainability officer Noel Kinder was hired as LULU’s senior vice president of sustainability, reporting to Ted Dagnese, the company’s chief supply chain officer. He replaced Esther Speck who served as senior vice president of Sustainable Business and Impact at Lululemon for almost ten years.