SGB Update

JD Sports Appoints Chairman

JD Sports named Andrew Higginson, former Chair of supermarkets group Morrisons, as chairperson, replacing Peter Cowgill, ousted in May.

Haro Bikes Appoints Supply Chain Director

Haro Bikes has hired Doss Barnes as supply chain director. Barnes’ experience includes positions at Fox Shox, Santa Cruz and Pon Bike Group as global category manager for performance brands.

U.S. Ports Set Another Record

Imports set another record high this spring as the nation’s major container ports worked to reduce congestion and retailers stocked up before dockworkers’ West Coast labor contract expired, according to the monthly Global Port Tracker report released by the National Retail Federation.

Levi Strauss Tops Wall Street Targets In Q2

Levi Strauss & Co. reported sales for its fiscal second quarter ended May 29 were up 15 percent and gained 20 percent on a constant-currency basis. Sales and earnings topped Wall Street targets, and Levi’s reaffirmed its guidance for the year.

Peloton Offers Employees Incentives To Increase Loyalty

Peloton is offering cash and stock incentives to entice employees to stay working for the company, according to a report by CNBC, following recent layoffs and a slowdown in demand for at-home fitness equipment.

Club Champion Opens New York City
 Flagship

Club Champion is celebrating the grand opening of its new NYC flagship studio. Located at 220 E 42nd Street in Manhattan, the new studio expands upon the custom club fitting services the brand already offered to the New York market.

Mastercard Sees June Sales Boosted By Inflation

According to Mastercard SpendingPulse, which measures in-store and online retail sales across all forms of payment, U.S. consumer retail spending, excluding automotive, increased 9.5 percent year-over-year (YOY) in June, while retail sales, excluding auto and gas, rose 6.1 percent YOY.