Fanatics Commerce Appoints Three Key Executives
Stephen Dowling joins Fanatics Commerce in a new role as president, international. Valerie Love joins the company as chief people officer, and Justin Tsai joins in the newly created role of chief product officer.
McKinsey and WFSGI See Upbeat Execs in Sporting Goods 2024 Report
After a mixed 2023, sporting goods companies continue to face macroeconomic headwinds, winner-takes-all competition, and rising levels of physical inactivity around the world. Still, many executives say they are more optimistic than at any time over the past few years.
Tom Brady’s TB12 Nutrition Brand to Merge with Nobull
Nobull was purchased in 2023 by beverage veteran Mike Repole. The deal includes footwear, apparel and nutrition products previously housed under the TB12 and Brady brands. Brady becomes the second largest shareholder.
Gordon Brothers Will Sell Zulily Inventory & Fulfillment Center Assets
The company has been engaged to sell by private treaty over $85 million of inventory and the assets of two 775,000-square-foot fulfillment centers on behalf of Zulily ABC LLC.
Ermenegildo Zegna Sales Up Strong in Q4 on DTC and Asia Growth
Revenues for the fourth quarter of 2023 were €570 million, up 40.1 percent YoY and up 42.9 percent YoY on a constant-currency basis, with an organic growth rate of 19.6 percent.
Linksoul Presents Early Spring Loreto Collection
“The Loreto Collection represents an exciting journey for Linksoul, where we merge the rich inspiration of the Loreto region with cutting-edge materials innovation,” —Linksoul Co-founder and CEO John Ashworth
Walmart Will Conduct 3:1 Stock Split
Shares to be issued in the stock split will be payable after market close on February 23, for shareholders of record at the close of business on February 22. Shareholders will receive a distribution of two additional shares of common stock for each share held.
Nordstrom Plans Two New Rack Locations in North Carolina
The new stores will be located in Raleigh and Matthews. The 32,000-square-foot Raleigh store will be located in Triangle Town Place open in fall 2024, while the 25,000-square-foot Matthews store outside Charlotte is expected to open in spring 2025.
EY Survey: CEOs are Displaying Newfound Resilience and Confidence
Global CEOs are optimistic about their ability to drive revenue growth and profitability in 2024 despite global economic headwinds, according to the latest EY CEO Outlook Pulse survey.
Big Agnes Awards CDMC Sales Agency of the Year
Rob Cairns, Joni Collett and Drew Robinson received the credit for the award for “outstanding performance in the Western Canadian territory.”
66°North Appoints CCO; Hires North America and EMEA Sales Chiefs
Jeppe Møller will take on the role of chief commercial officer after consulting with the brand in 2023. Justin Warren has joined the team as sales director for North America and Mike Massoulier Eriksen has been appointed head of sales EMEA.
LS&Co. Extends Levi’s Stadium Naming Rights and 49ers Partnership
This extension will be among the largest in the NFL and secures LS&Co. with the naming rights for Levi’s Stadium through the 2043 NFL season.
New Era: Gass Takes Reins at Levi’s, Shifts Focus to DTC-First
Michelle Gass has assumed the role of president and CEO at Levi Strauss & Co. and added chief marketing officer Kenny Mitchell and newly promoted chief merchandising officer Dawn Vitale to the executive leadership team.
Gildan: The Saga Continues
The back and forth is nearly impossible to report on as each side lobs another boulder over the wall at their adversary only to have another come right back.
Gildan Shareholders Respond to Special Meeting Timing
Browning West, LP responded to Gildan’s announcement that its Board of Directors has “called” a so-called annual and special meeting of shareholders to be held on May 28, 2024, while also seeking to cancel the special meeting of shareholders.
