EXEC: Adidas AG Appoints Mathieu Sidokpohou Head of Global Sales as Hoeld Departs
EXEC: Nike Eyes Stronger Return to Outdoor Business with Renewed ACG Focus
Deloitte Forecasting 8 Percent Bump in 2024 Holiday Season Spending
EXEC: Rip Curl CEO Resigns Two Weeks After Parent Company CEO Resigned
EXEC: Adidas Again Lifts Guidance on Robust Third Quarter Results
SGB Update
Nike Renews Contract with NBA and WNBA for 12 Years
Nike, Inc. signed on to remain as the exclusive uniform and apparel provider for the National Basketball Association, the WNBA and the G League for another 12 years.
RIA Announces ‘Now’ and ‘Future’ Advisory Board Members
The Running Industry Alliance (RIA), the member-based independent national trade organization built for the UK and Ireland’s running industry, announced new members to its Alliance Advisory Boards’ Now’ and ‘Future.’
Topgolf Breaks Ground on New Venue in New Braunfels, TX
The new venue will be in the 400-plus-acre mixed-use development of New Braunfels Town Center at Creekside, a master-planned community, with an opening date in late 2025. This will be the 14th venue in Texas for Topgolf.
Nike’s Mark Parker to Step Down from Walt Disney’s Board
Parker has been Chairman since April 3, 2023, and first elected to Disney’s Board in early 2016. The Executive Chairman of Morgan Stanley, James P. Gorman, will succeed Parker.
Dick’s SG Opens Next-Gen Store in Selinsgrove, PA
Dick’s Sporting Goods opened a next-generation store, which is a larger store format than a regular Dick’s store, in the Monroe Marketplace in Selinsgrove, PA.
SGB Executive
Global Survey: Running Participation Surpasses Pre-Pandemic Levels
The Running USA Global Runner Survey was based 7,400 runners and event participants, was conducted over June and July 2024. Brooks and Asics again ranked as the preferred running and training footwear brands by respondents.
EXEC: Nike, Inc.’s Debt Ratings Outlook Lowered by S&P
S&P Global Ratings downgraded its debt ratings outlook on Nike, Inc. as the company pulled its financial guidance for the fiscal year ending May 2025 and postponed its investor day amid a strategy shift and CEO transition.
Report: M&A Activity in Active Lifestyle Sector Seeing Strong Recovery
Houlihan Lokey’s “Active Lifestyle Market Update” for the second quarter shows M&A activity in the active lifestyle space has rebounded strongly from a “muted” 2023, “supported by increasing confidence, renewed financing market activity, and a return of mega deals.”
EXEC: Adidas AG Appoints Mathieu Sidokpohou Head of Global Sales as Hoeld Departs
Sidokpohou joined the company in 2020 as general manager of Adidas France. In July 2021, he became Cluster South Europe’s general manager before taking over as managing director for Europe in 2023. He succeeds Arthur Hoeld, who will step down at the end of October.
BSN Sports and Varsity Spirit Parent Hit by Data Breach
Varsity Brands, the parent of BSN Sports and Varsity Spirit, disclosed that more than 65,000 individuals may have had their personal information stolen due to a data breach that occurred earlier this year.
