SGB Update

Nike Secures 687 Patents

Nike’s 2016 patents include 262 related to footwear, 96 related to data and 73 related to manufacturing.

Kohl’s Lowers Fourth-Quarter Guidance

Kohl’s Corporation reduced its guidance due to soft holiday sales. Comparable sales decreased 2.1 percent in the fiscal months of November and December 2016 combined.

Macy’s To Close 68 Stores

The department store giant estimates that 3,900 associates will be displaced as a result of these closures, with approximately 6,200 other jobs lost due to restructuring its central organization and adjustments due to the store closures.

Zumiez Sees 3 Percent Comp Gain In December

The action-sports chain’s comparable sales increased 3.4 percent for the five-week period compared to a comparable sales decrease of 8.9 percent in the year-ago period.

Palladium Announces Two Key Hires

Palladium hired Douglas Segal to serve as brand director for the Americas region and Amy Liu Schatt as marketing manager.