SGB Update

Dave Haggerty Elected to Another Term as ITF President

Haggerty was re-elected as president of the International Tennis Federation at the 2023 ITF Annual General Meeting in Cancun, Mexico, on September 24, receiving 73 percent of the votes. He will serve a four-year term from 2023/27.

TJX Companies Elects New Board Director

TJX Companies, Inc.’s Board of Directors elected Charles F. Wagner, Jr. to its Board, effective immediately. Wagner is the EVP and CFO of Vertex Pharmaceuticals, Inc., a role he has held since 2019.

Nike Extends Refurbished Program To Nike.com

Nike extended its Refurbished program to its website, offering discounts on refurbished sneakers. The company introduced the program at select Nike and Nike Factory Outlet stores in April 2021 to support its broader Move to Zero climate change initiative.

New Balance Opens Concept Store in London

New Balance opened an experiential concept store in London’s Westfield Stratford City Mall, targeting younger consumers. The store is the company’s third globally. The first opened in Guangzhou, China, in 2022, and the second in February 2023 at 124 Newbury Street in Boston.

Sorel Opens Pop-Up Shops Inside Hudson’s Bay

Hudson’s Bay, the Canadian luxury department store chain, opened three Sorel footwear pop-up shops on September 22 at Hudson’s Bay flagship stores in Vancouver, Montreal and Yorkdale in Toronto.

Gravity Haus to Open in Jackson, WY

Gravity Haus, the adventure-centric hotel and membership club, announced the addition of Gravity Haus Jackson Hole in Jackson, WY, marketing its 9th hotel.

Life Time Opens First Bay Area Athletic Country Club

Life Time opened its newest luxury athletic country club, Life Time Walnut Creek, the first location in the San Francisco Bay Area and first to open in a shopping center-based location with Macerich.

Bain Forecasts Nominal U.S. Holiday Sales Gain

Bain & Company forecasted nominal U.S. retail sales to slow this holiday season, with the lowest growth rate since 2018. Unadjusted seasonal sales are expected to grow 3.0 percent year-over-year (YoY) in November and December, reaching nearly $915 billion, with 90 percent of the growth coming from non-store (e-commerce and mail-order) sales.

Nike Rise Store to Open in Birmingham, England

Nike plans to open a Nike Rise concept store in Birmingham, its second to open in the U.K. and the first outside of London, according to Hammerson, the British property development and investment company that owns Bullring.