SGB Update

Nordstrom Promotes Ken Worzel To COO

Nordstrom on Tuesday announced that Ken Worzel has been promoted to COO. In this newly created role, Worzel is responsible for overseeing and bringing together Nordstrom’s digital and physical assets to create an end-to-end experience for customers across full-price and off-price.

Apex Global Brands Lowers Outlook on ‘Economic Uncertainty’

Apex Global Brands (formerly Cherokee Inc.) on Tuesday lowered its fiscal year outlook “due to economic uncertainty, Brexit and the impact of a weakened British pound sterling and euro.” The company reported a net loss for the fiscal second quarter ended August 3 of $1.3 million, narrowing its loss of $9.1 million the same quarter a year ago. Earnings per share of (8) cents missed estimates by 10 cents.

Nike Expands Partnership With China High School Basketball League

Nike is partnering with the China School Sports Federation [CSSF] to expand the China High School Basketball League [CHBL], increasing the league’s intranational reach, investing in league marketing strategies and providing playing apparel beginning in the 2019-20 season.

Fanatics Appoints Nike Exec As CFO

Fanatics appointed Michener (Mich) Chandlee as chief financial officer. Chandlee, who brings to Fanatics nearly 30 years of global finance experience – including the last 18 years with Nike – will oversee the business and financial planning, accounting, investor relations, purchasing, tax, treasury and divisional finance for the company.

U.S. Ski & Snowboard Partners With Land Rover

Land Rover North America and U.S. Ski & Snowboard on Tuesday announced that Land Rover is the new Official Vehicle Partner of the Olympic National Governing Body (NGB) of ski and snowboard sports in the USA.

REI Co-Op Shifts Focus With New Store In North Conway, NH

REI Co-op is opening its first New Hampshire store in North Conway on September 27. As a gateway to outdoor adventures in the White Mountains, REI North Conway will feature a new retail experience that combines outdoor gear, guided outdoor experiences and a wide variety of equipment for rent.

Stage Stores Announces Total Company Conversion To Off-Price

Based on the success of the conversion strategy, the company plans to begin converting its remaining department stores in February of 2020, and expects to be operating approximately 700 predominantly small-market Gordmans off-price stores by the third quarter of fiscal 2020.