Adidas’ Long-Time Chief Corporate Communication Officer to Retire
Jan Runau, Adidas’ chief corporate communication officer since 2006, announced his retirement. He began working for Adidas as a PR manager in Germany
EXEC: Big 5 Sees Improving Sales Trends Leading into Holiday Season
The retailer saw the Apparel and Footwear categories each down ~9 percent and Hardgoods was down ~6 percent in Q3 but a number of product categories are contributing to the improvements in sales trending, including the early rates in fall and winter apparel.
Brooks Running Reaches $1 Billion Milestone in Nine-Month YTD Period
The gains in the third quarter were said to be boosted by a 10 percent year-over-year increase in North America, led by 16 percent e-commerce growth. Revenues grew 10 percent in the EMEA region, reportedly fueled by 24 percent e-commerce sales growth.
EXEC: Adidas Settles with Kanye, But Yeezy Hangover Still a Drag on Strong Third Quarter
With this settlement, Adidas unwound a €100 million provision related to outstanding legal issues over the Yeezy break-up and now plans to also donate that sum to charities. Including the €100 million, total funds earmarked for charity related to the Yeezy inventory sell-off now stand at about €250 million.
EXEC: VF Corp. CEO Sees Recovery Gaining Traction at TNF and Vans Parent
On VF’s quarterly analyst call, Bracken Darrell, CEO and president, said the second quarter delivered “another quarter of really good progress,” marking the third straight quarter of sequential top-line improvement in the decline rate and witnessing moderating sales declines at its two most challenged areas: Vans and the Americas region.
Former Nike and Adidas Vet Named Levi’s Managing Director, Latin America
Dario Aguilar will lead Levi’s business as managing director for Latin America, effective December 2. Most recently he was the CEO of Sephora Mexico. Before that, he worked in various commercial leadership roles at Adidas and Nike across Latin America and Europe.
On, Patagonia, Puma, Salomon, and LVHM Unveil 100% Fiber-to-Fiber Recyled Tee
In July 2022, On, Patagonia, Puma, and Salomon announced that they had joined forces with French biochemical company Carbios to use its biorecycling technology for synthetic fiber recycling. Together they have produced the world’s first enzymatically recycled t-shirt made entirely from biorecycled fibres.
Wolverine Worldwide Appoints Susie Kuhn as Active Group President
Susie Kuhn will be responsible for leading successful brand strategies, executing consumer-focused go-to-market plans, and driving commercial performance for Wolverine Worldwide’s Active Group, which includes the Merrell, Saucony, and Chaco brands.
VF Corporation Sees Fiscal Q2 Improvement But Americas Region Still a DD Drag
Revenue for the quarter amounted to $2.8 billion, down 6 percent year-over-year from the fiscal 2024 Q2 period. The company said the decline was a sequential improvement from the 10 percent decline in the fiscal 2025 first quarter.
Boot Barn Posts Another Strong Quarter; CEO to Exit to Ross Stores
Jim Conroy, Boot Barn’s CEO since 2012, is stepping down to assume the role of CEO of Ross Stores. John Hazen, the company’s current chief digital officer, will assume the role of interim CEO.
Rural King Opens Newest Store in Hopkinsville, KY
The store boasts a wide range of outdoor lifestyle and work brands, including Ariat, Browning, Carhartt, Columbia, Frogg Toggs, Henry Rifles, Huk Apparel, Keen Utility, Plano, Realtree, Remington, Under Armour, and Wolverine.
Mammut Sports Group Taps Matt Kaplan as Managing Director for North America
In his new role, effective November 18, Matt Kaplan will oversee business operations in the U.S. and Canada. Most recently, Kaplan was vice president of sales at Vail Resorts.
Primark to Open Second Store in Queens, NY
The new 37,000-square-foot store at Queens Center in Elmhurst, NY will open on December 5. This is Primark’s second store in Queens, following its Jamaica Avenue location, and its tenth store in New York.
U.S. Golf Rounds Played Increase for Second Straight Month
Golf Datatech, a subsidiary of Circana, reported that golf rounds played in the U.S. increased 3.6 percent in September and are now ahead 1.7 percent in the first nine months of 2024.
RealReal Names New CEO
RealReal appointed Rati Sahi Levesque, the luxury resale marketplace’s president and COO, as CEO, effective immediately. Levesque succeeds John Koryl, who has departed from the company and no longer serves on the Board.
