SGB Update

Puma to Re-Enter Basketball Category

Puma SE at its Capital Markets Day revealed intentions to re-enter the performance basketball category. The company also it expects currency-adjusted consolidated net sales to grow around 10 percent on average per year until 2022.

Large U.S. Retailers Urge Trump Against China Tariffs

A letter sent to President Trump signed Monday by 49 of the nation’s largest retailers, including Walmart, Target and Costco outlines their concerns about the detrimental impact broadly applied tariffs could have on American families. 

Nike Says Second Senior Executive Is Leaving Company

Nike on Friday said Jayme Martin, vice president and general manager of global categories for Nike, has been ousted from the company. His departure comes one day after Nike President Trevor Edwards resigned amid complaints about poor workplace conduct.

Citi Trends Promotes Bruce Smith To CEO

Citi Trends Inc. announced that Bruce Smith, acting chief executive officer, has been promoted to serve as the permanent chief executive officer.

Newell Brands Announces Agreement With Carl Icahn

Newell Brands announced that it entered into a cooperation agreement with Carl C. Icahn, chairman of Icahn Enterprises LP (IEP), who beneficially owns approximately 6.9 percent of the company’s outstanding shares.

New Balance Awarded $17M contract For Military Footwear

New Balance was awarded a $17.3 million contract from the Department of Defense (DOD) to provide American-made New Balance athletic shoes to initial entry service members upon arrival at basic training.