EXEC: Merrell Looks at Life Beyond the Trail; Eyes the Mall for Lifestyle Growth
EXEC: Saucony Tagged For Outsized Growth in 2025 After Strong 2024 Finish
EXEC: Jackson Kayak Adds to Paddle Stable with Eddyline Kayaks Deal
EXEC: Wolverine Worldwide Shares Fall 17 Percent as 2025 Forecast Disappoints
EXEC: VF Corp. Spin-Off Acquires Helly Hansen
SGB Update
Richardson Hires Industry Vet as SVP Sales
Jason Krakow brings over 30 years of sales leadership experience in the headwear and sports apparel industries, most recently serving as president of the Caps Direct and Dri-Duck businesses.
MyFitnessPal Appoints Chief Marketing Officer
Marnie Boyer joins the company from Grubhub, where she served as VP of Growth Marketing. Since 2022, she has led initiatives that boosted customer acquisition, including a partnership with Amazon.
Play it Again Sports Parent Sees Revenues and Profits Dip in 2024
Winmark Corporation reported that revenues for the year ended December 28, 2024, were $81.3 million, down from $83.2 million in 2023, impacting its decision in May 2021 to run off its leasing portfolio.
TSG Consumer Partners Appoints New Head of London Office
TSG’s past and present investments in the active lifestyle space include Backcountry, Corepower Yoga, Nuun, Revolve, Canyon Bicycles, and Planet Fitness. TSG has investment offices in San Francisco, New York and London.
Camping World Holdings Gets Borrowing Capacity Bump to $2.15B
The company’s RV Inventory Floor Plan Facility provides additional financial and operational flexibility for its growth strategy by increasing the committed borrowing capacity by $300 million to an aggregate amount of $2.15 billion.
SGB Executive
EXEC: Merrell Looks at Life Beyond the Trail; Eyes the Mall for Lifestyle Growth
Merrell is expected to grow mid-single-digits in 2025, building on second-half 2024 gains. The company expects key products, including the SpeedARC Collection, Moab Speed 2 and Agility Peak 5 to continue driving the category.
EXEC: Saucony Tagged For Outsized Growth in 2025 After Strong 2024 Finish
The Saucony business declined 5.2 percent in constant-currency terms to $99.6 million in the fourth quarter but grew 7 percent year-over-year when accounting for the change in its China business model to a licensing and royalty deal.
EXEC: Authentic Appoints New Reebok Licensing Partners for U.S., UK and Europe
In the U.S., Galaxy Universal takes over Reebok’s footwear operation, retail stores and e-commerce, and will lead the brand’s global product creation, design and sourcing. A new JV, GB Brands Europe Ltd., will oversee the brand’s operations across Europe and the UK.
EXEC: Jackson Kayak Adds to Paddle Stable with Eddyline Kayaks Deal
The company said “the deal unites two iconic brands with one mission: to inspire more people to experience the joy of kayaking.” Jackson Kayak also owns Werner Paddles and Kialoa.
EXEC: Wolverine Worldwide Shares Fall 17 Percent as 2025 Forecast Disappoints
Fourth quarter revenue fell 5.8 percent year-over-year but rose 3.3 percent to $494.7 million when tallying the company’s ongoing business. The company posted big improvements in gross margin and operating margins in Q4, leading to a positive earnings result.
