EXEC: REI’s CEO Discusses “Unique Challenges” Facing the Co-Op
EXEC: VF Brand Presidents for “Big 3” Brands Talk Transformation
Under Armour Names Kara Trent Global CMO, Adam Peake President for Americas
EXEC: Fanatics Still Finding Sizable Growth Opportunities in Fan Gear
EXEC: Adidas and Nike Fight for Top Spot in UBS Global Survey
SGB Update
Walmart Inc. Names New CEOs for Walmart U.S., Walmart International, and Sam’s Club
In a move that may signal an even bigger focus on the U.S. e-commerce business, David Guggina, currently chief e-commerce officer of Walmart U.S., has been named the next CEO of Walmart U.S., the retailer’s largest division. John Furner, Walmart’s current U.S. CEO, is scheduled to take over as Walmart Inc. CEO from longtime boss Doug McMillon in two weeks.
Topgolf Callaway Brands Officially Rebrands to Callaway Golf Company
The move comes after the company completed the sale of its 60 percent stake in its Topgolf and Toptracer businesses to Leonard Green & Partners. The company’s portfolio now consists of Callaway Golf, Odyssey, TravisMathew, and Ogio.
Under Armour Names Kara Trent Global CMO, Adam Peake President for Americas
Kara Trent, currently president, Americas, has been appointed chief merchandising officer. SVP for Strategy Adam Peake has been named the next president, Americas. Chief Product Officer Yassine Saidi will move to a senior advisor role focused on design and creative.
5.11, BOA and Primaloft Parent CODI Now SEC Compliant After Filing 10-Q for Q3 2025
Company CEO Elias Sabo said that excluding the Lugano diamond retailer subsidiary, which required the company to re-file its 2025 reports, the company’s eight operating subsidiaries “continue to deliver solid performance in an uncertain macroeconomic environment.”
Tactics Realigns Snow Department General Manager Responsibilities
Tactics, the retailer specializing in snowboarding and skateboarding with four stores in Oregon and Washington, said Adam Gerken has assumed the additional role of snow department general manager, in addition to his current position as retail director.
SGB Executive
EXEC: Li Ning Posts LSD Decline in China Retail Sales in Fourth Quarter
Li Ning Company, Ltd. reported that retail sell-through for the fourth quarter at Li-Ning POS, excluding Li-Ning Young, declined by low-single digits year-over-year.
EXEC: REI’s CEO Discusses “Unique Challenges” Facing the Co-Op
At a session at the NRF Big Show in New York City, Mary Beth Laughton, president of REI, talked about the retailer’s many “unique assets,” citing its co-op structure, outdoor mission and “green vests” in-store associates, but also the “unique challenges” that are behind its “Peak 28: Ascending Together” three-year transformation.
EXEC: VF Brand Presidents for “Big 3” Brands Talk Transformation
At a keynote session at the NRF Big Show, the global brand presidents of VF Corp’s top brands — Sun Choe, Vans; Nina Flood, Timberland; and Caroline Brown, The North Face — discussed the playbooks they are using to transform their brands to revive or accelerate growth.
EXEC: Fanatics Still Finding Sizable Growth Opportunities in Fan Gear
During a keynote session at the National Retail Federation: Retail’s Big Show, Fanatics’ founder and CEO, Michael Rubin, said the company now controls about one-third of the global market for sports fan merchandise, with significant opportunities to gain a greater share, particularly internationally.
EXEC: Is Varsity Brands Setting Up for a Big Deal?
Varsity Brands, Inc., the parent of BSN Sports and Varsity Spirit, announced a proposed $400 million fungible add-on to its first-lien term loan facility to partly finance a potential undisclosed acquisition of a complementary business to BSN Sports with a heavy presence in soccer. The potential deal was noted in Moody’s and S&P’s debt issuance reports.
