SGB Update Footwear

Strava Nets $2.2 Billion Valuation in Funding Round

The funding follows the acquisitions earlier this year of AI-driven training apps Runna and The Breakaway, as well as the continued growth of the platform, which now has over 150 million reported global users.

Target Increases Quarterly Dividend

Target Corp. declared a quarterly dividend of $1.14 per common share, a 1.8 percent increase from the prior quarterly dividend of $1.12.

Nike Appoints Director, Waste & Circularity

Alice Hartley was previously director of circularity at Under Armour after spending 11 years at Gap, Inc. as director of Product Sustainability and Circularity.
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Carbitex Enters Tactical Boot Market

The collaboration introduces Carbitex’s MonoFlex M1 technology into Prabos’s professional footwear tactical boot line. both companies aim to meet the demanding requirements of military and law enforcement personnel.

Stitch Fix Returns to Growth In Fiscal Q3

The company narrowed its loss in the fiscal third quarter ended May 3 while showing its first quarterly sales gain since the second quarter of 2022. The styling service lifted its guidance for the year.

Pickleball Kingdom to Open Club In Austell, GA

The Austell club, spanning approximately 25,000 square feet, will feature 10 professional-grade indoor courts, with a target opening of winter 2025. Nithi and Usha Anand, franchisees of Pickleball Kingdom, will manage the club.

NFIB: Small Business Optimism Rises For First Time This Year

A gauge of sentiment among small businesses, rose to 98.8 in May from 95.8 in April, bringing the Index back above its long-term average, represented by a reading of 98. The increase ends a four-month streak of weakening sentiment.