Sneakers

StockX Launches Listings, Letting Users Sell Used Sneakers

StockX launched Listings, a feature that lets users sell used sneakers — with AI-generated product details from photos, fee-free selling at launch, and resale data shown alongside deadstock pairs in one view.

Culture

Saks Emerges From Bankruptcy and Rebrands as Exemplar Luxury Group

Saks Global emerged from Chapter 11 bankruptcy and renamed itself Exemplar Luxury Group, cutting debt by nearly 75% and slimming to 49 Saks Fifth Avenue, Neiman Marcus, and Bergdorf Goodman stores focused on high-end service.

Sneakers

StockX Says Jordan 5 'Wolf Grey' and Nike Mind 001 Slide Led 2026 Resale Sales

StockX's mid-year report named the Jordan 5 'Wolf Grey' the top release-day seller of 2026 and the Nike Mind 001 Slide the platform's biggest Nike debut ever, with Vans Old Skool sales up over 800% year over year.

Sneakers

StockX Opens First New York Store in SoHo

StockX reopened its SoHo flagship at 237 Lafayette Street as a retail store with 300 curated products and in-store bidding — a pivot from authentication hub to curated retail experience.

Culture

Lululemon Settles Proxy Battle With Founder Chip Wilson, Adds Two of His Nominees to Board

Lululemon will add two Chip Wilson nominees — former On co-CEO Marc Maurer and former ESPN CMO Laura Gentile — to its board, plus a third apparel-expertise director by October. Wilson agreed to an 18-month standstill against publicly attacking the company.

Sneakers

Dick's Q1 Sales Up 62.7% to $5.16B as Foot Locker Returns to Positive Comps

Dick's Q1 net sales jumped 62.7% to $5.16B in the first full quarter consolidating Foot Locker. The acquired business returned to positive comps (+0.6% overall, +6.4% US Foot Locker), 85 stores closed, and Dick's raised its full-year guidance on both segments.

Technology

Best Buy Beats Profit Estimates in Q1, Cuts Full-Year Guidance on Tariff Pressure

Best Buy beat Q1 profit estimates on $8.8B revenue and a 3.8% adjusted op income rate, but cut FY26 guidance — revenue to $41.1–41.9B from $41.4–42.2B, EPS to $6.15–$6.30 — citing tariff pressure on consumer electronics. Computing and tablets comp +6%.

Retail

Saks Fifth Avenue Files Bankruptcy After Neiman Marcus Acquisition Collapses Operations

Saks Global missed a $100M interest payment tied to its Neiman Marcus acquisition and now owes Chanel $136M alone. The 159-year-old luxury empire is restructuring — and not all 76 stores will survive.

Retail

Saks Global CEO Marc Metrick Steps Down

Marc Metrick stepped down as Saks Global CEO just days after the company missed a $100M+ interest payment on Neiman Marcus acquisition debt, triggering a 30-day grace period as the retailer prepares for a potential Chapter 11 filing.

Sneakers

Jordan Brand Opens First U.S. World of Flight Flagship in Philadelphia

Jordan Brand makes history with its first U.S. World of Flight flagship store in Philadelphia, celebrating the city's basketball heritage and sneaker culture.

Fashion

SSENSE Files for Bankruptcy Protection

Montreal-based luxury e-tailer SSENSE forced into bankruptcy protection by lenders, highlighting the devastating consolidation wave hitting multi-brand luxury retail amid trade policy pressures and market slowdown.