SGB Update

L.L. Bean Cuts Jobs Bonuses After Reporting Flat Sales In 2017

L.L.Bean said it plans to eliminate employee bonuses for the first time since 2008 and will lay off about 100 positions this spring. The retailer also reported annual revenue reached $1.6 billion in its fiscal year ended Feb. 25, which was nearly flat with year-ago levels.

Nike’s Trevor Edwards Resigns Amid Workplace Complaints

Nike President Trevor Edwards has resigned from his position following an internal probe of inappropriate workplace behavior. Mark Parker announced that he plans to stay on as chairman, president and CEO beyond 2020.

Nike’s SNKRS App Launches In Japan

Nike Inc said that on March 20, the Nike SNKRS app will become available in Japan, offering NikePlus members there increased access to covetable sneakers, as well as content that celebrates local sneaker culture.

Aquilo Sports Signs Lucy Charles

Aquilo Sports is proud to announce its multi-year partnership with English professional triathlete Lucy Charles. 

Dick’s Relaunches Tommy Armour Golf Brand

Dick’s Sporting Goods announced the relaunch of the Tommy Armour golf brand, with a renewed focus on innovative golf club technology that promotes both forgiveness and distance.