Under Armour Splits with Stephen Curry; Raises FY Adjusted Operating Income Outlook
EXEC: Berghaus Parent Outlines British Outdoor Brand’s Expansion to North America
EXEC: The BasicNet Group Adds Woolrich to Brand Family in €40 Million Acquisition
StockX Q3 Report Calls Out Running Silhouettes as Top Performers on Resale Site
EXEC: Goldwin’s Q2 Boosted by The North Face Recovery
SGB Update
Nike Ends Perk Giving Employees One Week Off For Wellness
Nike, Inc. has ended a program that gave employees an extra week off each year to promote mental health and wellness. Nike’s annual “Wellness Week,” which began in 2021, has been held each August.
Armasight Expands U.S. Manufacturing Capabilities
Armasight, the maker of thermal and night vision scopes, optics and goggles, announced that it has expanded its facility footprint in Tempe, AZ by more than 10,000 square feet and increased its in-house machining and testing capabilities, “resulting in a 25 percent boost in production throughput.”
Crocs Inc. Names Campbell to Corporate EVP and President of HeyDude
Crocs, Inc. promoted Rupert Campbell to EVP and president of the HeyDude brand. Prior to joining Crocs in March as SVP, chief commercial officer for HeyDude, Rupert served as the president of Adidas North America.
Compass Diversified’s Lugano Subsidiary Files for Bankruptcy
Compass Diversified (CODI), the parent of BOA, Primaloft, 5.11, and Velocity Outdoor, reported that its jewelry subsidiary, Lugano Holding, Inc., has filed for Chapter 11 protection under the U.S. Bankruptcy Code. CODI said it continues to work constructively with lenders and bondholders to ensure flexibility as it finalizes its financial restatements and regains compliance with the Securities and Exchange Commission.
S&P Cuts Debt Ratings Outlook at Winchester Ammo’s Parent to Negative
S&P Global Ratings said Olin’s Winchester Ammo segment has seen the most dramatic deterioration thus far in 2025 (EBITDA down 58 percent) as the sector has faced weak consumer demand and high channel inventory, making it difficult for ammunition producers to pass on the rising cost of copper and propellant.
SGB Executive
EXEC: SFIA Study Finds Pickleball Attracting Rabid Player Base
The SFIA released the findings from a special study, which found that pickleball engagement remains strong among avid players, with over 90 percent playing at least twice a week, 48 percent wanting to increase their play frequency and 57 percent planning to participate in more organized pickleball over the next 12 months.
EXEC: Patagonia Publishes Fiscal 2025 Sales Figures, Spot Checks Business Against Key Goals
According to Patagonia’s first Impact Report, “Work in Progress Report 2025”, Patagonia had sales of $1.47 billion in its fiscal year ended April 1, 2025, with 61 percent of sales sold in the U.S. versus 39 percent internationally.
BMC Switzerland Promotes Sales Chief John Glett to CEO, Effective January 1
Glett will reportedly lead the next phase of development for the Swiss premium cycling brand, continuing the strategic initiatives set by outgoing CEO David Zurcher, who will continue supporting BMC as a member of the Board.
EXEC: Nike Earns Stock Upgrade from Wells Fargo on Improving Visibility
Wells Fargo upgraded its rating on Nike to “Overweight” from “Equal weight” and its price target to $75 from $60. Wells Fargo analyst Ike Boruchow cited reduced headwinds from Classics footwear franchises (Air Force 1, Air Jordan and Dunk) and an uptick in growth in non-Classic footwear styles as part of the reason for the upgrade.
EXEC: Berghaus Parent Outlines British Outdoor Brand’s Expansion to North America
Shane Wallace, Pentland Brands’ North American VP of Portfolio Brands, recently talked with SGB Executive about the Berghaus brand’s North America retail debut through REI, Canada’s Altitude Sports, JD Sports, Hatchet Outdoor Supply Co., and other limited distribution points.
