SGB Update

Adidas To Open Flagship In Warsaw

Adidas has chosen Warsaw for its first flagship ‘Brand Center’ store in Central and Eastern Europe (CEE), the Puls Biznesu Business Daily reported.

VF Corp. Undergoes Layoffs

VF Corp. announced Tuesday in an internal e-mail that it has eliminated about 600 office-based positions at the company, including 300 current workers and 300 open positions, according to the Denver Business Journal.

Patagonia Executive Leads Eileen Fisher

Eileen Fisher, the women’s apparel brand, hired Lisa Williams, the former chief product officer at Patagonia, as CEO, replacing founder Eileen Fisher.

Designer Brands Lifts Outlook On Q2 Beat

Designer Brands, Inc. raised its EPS guidance for the year after reporting sales and earnings topped Wall Street’s targets in the second quarter ended July 30. Comparable sales for the parent of DSW increased 6.2 percent on top of comparable sales growth of 84.9 percent for the second quarter of 2021.

Peloton Delays 10-K Filing

Peloton Interactive, Inc. will delay the publication of its annual report. The company said it needs more time to sort out accounting tied to the connected fitness company’s restructuring effort.

Life Time’s CFO To Retire

Life Time Group Holdings, Inc. announced that President and Chief Financial Officer Thomas Bergmann would retire from the company on December 31, 2022. The company also announced that Robert Houghton had been named executive vice president and chief financial officer, effective August 28, 2022.

Boating Season Expected To Extend Into Fall 2022

According to an online survey of Boat Owners Association of The United States (BoatUS) members across the U.S., 65 percent said they plan to go boating this Labor Day weekend. Almost 80 percent of respondents said they welcome lower gas prices and plan to extend their boating season into the fall.