SGB Update

Kmart Launches Risewear Footwear Brand

Kmart launched the first of seven slam dunk contests it will hold in store parking lots this summer to launch the Risewear athleisure footwear brand.

Rack Room Launches Real People Project Campaign

Rack Room Shoes for more than a decade has featured real customers – instead of professional models – in all of its seasonal advertisements, selected through the retailer’s annual Models Wanted contest. The family footwear retailer plans to evolve the initiative with the launch of The Real People Project

Nike Looks to Lead on Race Relations

Nike’s Chairman and CEO Mark Parker sent a letter last Thursday to the company’s 32,000 employees understating Nike’s commitment to “racial justice” following the heightened tensions in black communities and the police. He also said Nike will hold meetings at Beaverton headquarters and in its NY, Chicago and LA offices to explore race issues.

ICSC Survey: BTS Sales Expected to Climb

The International Council of Shopping Centers (ICSC)’s annual back-to-school survey shows 78 percent of BTS shoppers expect to spend more this year, a significant increase compared with those who planned to do the same in 2015.

Smith & Wesson to Acquire Taylor Brands

Smith & Wesson Holding Corp. signed a definitive agreement to purchase substantially all of the assets of Taylor Brands, LLC, the supplier of knives and specialty tools, for $85.0 million.

Retail Sales Climb in June

Retail sales (excluding automobiles, gasoline stations and restaurants) continued to grow in June and were up 5.1 percent year-over-year, the National Retail Federation said today. Retail sales rose 0.8 percent unadjusted over May, according to NRF’s calculations.