EXEC: Puma Comes Up Short on 2024 Bottom Line; Sets Cost-Cutting Program
EXEC: REI Names Mary Beth Laughton as Next CEO as Eric Artz Plans Exit
EXEC: VF Corp. Confirms New Global Cuts; Analysts React to ICR Presentation
EXEC: Adidas Preliminary 2024 Report Reveals Double-Digit Growth to €23.7B
EXEC: Authentic Taps Sports Casuals as Reebok Golf Apparel Partner
SGB Update
Jogology Adds Indy Sales Rep for Northeast
Cole Crosby joins the company as an independent rep with a decade of experience working with brands and retailers in the run specialty channel. His territory for Jogology includes Massachusetts, Maine, Rhode Island, Connecticut, Vermont, New Hampshire, and New York.
Saks Fifth Avenue Enters Franchise Agreement to Open Store in India
The New York City-based luxury retailer, has entered into a franchise agreement for the Indian market with retail giant Reliance Retail. As part of the agreement, Reliance Retail will expand Saks Fifth Avenue’s operations nationwide.
Gymshark’s New Permanent Dubai Mall Store is First Outside UK
The Dubai Mall is the second largest mall in the world by total land area, and over 54 million shoppers visit the center every year. Gymshark also plans to open a permanent flagship in New York City in 2025.
Moncler Appoints International Chief Brand Officer
In this newly created role, Rob Manley joins the company from Burberry, where he was the chief marketing officer until Fall 2024.
Turtleson Names VP of Licensed Product Sales
Jim Call, VP of Licensed Product Sales, will lead the growth of the brand’s wholesale partnerships and its collegiate-licensed apparel line. He brings 25 years of experience in collegiate and pro sports licensed products.
SGB Executive
EXEC: Puma Comes Up Short on 2024 Bottom Line; Sets Cost-Cutting Program
For the foruth quarter, Puma reported that preliminary sales increased 15.5 percent on a reported basis to €2.29 billion. The company saw sales growth of 9.8 percent on a currency-adjusted (ca) basis for the quarter.
EXEC: REI Names Mary Beth Laughton as Next CEO as Eric Artz Plans Exit
Laughton, a former REI Board Director and seasoned retail leader, will join REI as president on February 3, 2025, before assuming full CEO responsibilities on March 31.
EXEC: VF Corp. Confirms New Global Cuts; Analysts React to ICR Presentation
The parent company of The North Face, Vans, Timberland, Jansport and Dickies, among other outdoor and street lifestyle brands, continues to take action against the goals set out in its Reinvent turnaround plan.
EXEC: Adidas Preliminary 2024 Report Reveals Double-Digit Growth to €23.7B
In euro terms, the company’s revenues grew 24 percent to €5.97 billion in the fourth quarter, or 19 percent in currency-neutral terms versus Q4 2023. Excluding Yeezy for both years, currency-neutral revenues increased 13 percent.
EXEC: Authentic Taps Sports Casuals as Reebok Golf Apparel Partner
With SCI as Reebok’s apparel partner, the brand now has a head-to-toe softgoods offering, with Reebok Design Group, the brand’s global hub for design, development and innovation, handling the creation and distribution of golf footwear.
