SGB Update

Nike Announces Senior Leadership Realignment

Nike said Heidi O’Neill, president of Consumer & Marketplace, will become president of Consumer, Product & Brand, Nike, Inc. Craig Williams, president of the Jordan Brand, will become president of Geographies & Marketplace, Nike, Inc. as part of several leadership changes. Matthew Friend, EVP and CFO, will expand his responsibilities to include Procurement, Global Places & Services and Demand and Supply Management.

Golftec Opens Location Near Chicago

Golftec opened an instruction and club fitting center in Geneva, IL, on the western side of the Chicago suburbs at 1492 S. Randall Road.

Lids Promotes Durda To President

Lids promoted Bob Durda to company president. Over a 13-year career at the company, Durda has been at the forefront of Lids’ focus on building its product portfolio and leading some of its more successful programs.

Dick’s SG To Open 12 House Of Sports

After opening its first three Dick’s House of Sport stores in Rochester, NY, Knoxville, TN and Minnetonka, MN, DKS plans to open more than 12 new stores in the next two years.

Elevate Textiles Undergoes Recapitalization, New Ownership

Elevate Textiles, the fabric manufacturer servicing the automotive, apparel, interior furnishing, and industrial industries owned by Platinum Equity, reached an out-of-court restructuring deal in which its lenders will take control of the company.

Kohl’s Posts Surprise Profit In First Quarter

Kohl’s Inc. reported a surprise profit in its fiscal first quarter of 13 cents a share. Analysts were calling for a loss of 43 cents. Comparable sales decreased 4.3 percent and overall sales were slightly ahead of analyst targets.

Shoe Carnival Reduces FY Outlook On Q1 Shortfall

Shoe Carnival, Inc. reduced its outlook for the year after reporting first-quarter results at the low end of expectations due to unfavorable weather and consumer pressure from inflation and lower federal tax refunds.

Urban Outfitters Q1 Profits Jump On Strength At Free People And Anthropologie

Urban Outfitters, Inc.’s profits vaulted 67.6 percent in the first quarter on a 5.9 percent revenue gain and significantly improved gross margins. Healthy double-digit retail gains at Free People and Anthropologie offset declines at Urban Outfitters’ retail business and at wholesale channels.