Nike Sues Footwear Designers Who Defected to Adidas

Marc Dolce Denis Dekovic and Mark Miner-FEATURED

Nike’s $10 million lawsuit accuses the three designers of stealing trade secrets and violating a non-compete.

Hudson’s Bay Narrows Loss in Q3

Hudson's Bay Company

Hudson’s Bay Company narrowed its loss and doubled its revenue in the third-quarter, helped by its Saks division.

Kohl’s Will be Open Non-Stop from December 19-24

Kohl's

Most Kohl’s stores will not close from 6am, Friday December 19 through 6pm on Christmas Eve, December 24—a 100-hour marathon.

In Other News: Retailers Cut Back on Christmas Tunes

The San Diego Union-Tribune reports that retailers like Starbucks, Victoria’s Secret and H&M are changing up their holiday soundtracks.

Nike Names Peddie GM of Emerging Markets

Nike

Nike Inc. has named Tom Peddie VP/GM of the emerging markets geography, replacing the retiring Roland Wolfram.

Controversial Abercrombie CEO Jeffries Leaving the Company

Abercrombie & Fitch

The Abercrombie & Fitch board announced that Michael Jeffries is retiring immediately.

Belk Q3 Profit Falls on Increased Expenses

Belk

Belk swung to a $8.2 million third-quarter loss due to expenses from its new strategic initiatives.

Neiman Marcus Group Swings to Q1 Profit

Neiman Marcus

Neiman Marcus Group swung to a first-quarter profit of $196,000, up from last year’s $13.1 million loss.

Hudson’s Bay Co. Names Putnam Chief Corporate Development Officer

Ian Putnam

HBC has named Ian Putnam EVP and chief corporate development officer, making formal a relationship the company has had with him since 2008.

Bread & Butter Berlin’s January Show Canceled

Bread and Butter

Bread & Butter founder Karl-Heinz Müller posted a statement on the Bread & Butter website announcing that the January show in Berlin is officially canceled.