On Inks Partnerships with ITA and AIU; Amplifies Commitment to Clean Sports
The new strategic partnerships with the ITA and AIU are critical cornerstones of On’s “Athlete Compass” program, which embodies its holistic approach to athlete support.
KTB Increases Helly Hansen Outlook; Sees Brand Adding $50M to 2025 Cash Flow
Kontoor Brands, which agreed to acquire Helly Hansen in February, slightly lowered its sales outlook for the year as first-quarter sales missed Wall Street’s targets due to flat sales in its core denim business, comprising of Wrangler and Lee. The firm kept its EPS guidance although it expects a $50 million negative impact on operating income from recently enacted changes in tariffs not yet included in the updated guidance.
The Lycra Company Promotes Melissa Riggs to Chief Marketing Officer
Riggs brings over two decades of brand-building experience in consumer packaged goods and the apparel and footwear industries to her new role, including experience with the Gore-Tex brand.
Duluth Trading Outlines Inducement Grant Agreement with New CEO
The company granted a total of 1,759,532 shares of Class B common stock to the new chief executive pursuant to the terms of the Inducement Stock Award Agreement and the Inducement Restricted Stock Award Agreement.
REI Co-op Appoints New Chief Financial Officer
Shannon Damen joins the company from Gap, Inc., where, most recently, she was the global head of real estate and held roles as chief financial officer and chief commerce & experience officer at Athleta.
Nike, Inc. Names Amy Montagne Nike Brand President as Heidi O’Neill Retires
Amy Montagne was named president, Nike Brand; Phil McCartney appointed EVP and chief innovation, design & product officer; Nicole Graham appointed EVP and CMO; and Tom Clarke named chief growth initiatives officer.
EXEC: SFIA State of the Industry Report Reveals Healthy Industry Profits in 2024
Besides tariffs and economic concerns, the SFIA State of the Industry Report outlines that industry executives are pleased with recent performance results and are upbeat about prospects.
Puma Plans to Move London HQ to Manchester
The 20,000-square-foot space will house Puma sales, marketing, merchandising, finance, operations and direct-to-consumer departments.
Kohl’s BOD Terminates New CEO for Cause; Forecasts Q1 Comps Down in Mid Singles
Multiple sources are publishing that Buchanan was terminated after an investigation found that he violated the retailer’s code of conduct by entering into a “highly unusual” business deal.
EXEC: Columbia Brand Set to Take Market Share Back in 2025; Q1 Exceeds Outlook
First-quarter net sales and earnings exceeded guidance, driven by late-season demand for winter products and strong early-spring shipments. International markets, which contributed 40 percent of annual sales, performed well, with double-digit growth in the LAAP region and high-single-digit growth in EMEA.
Nordstrom NYC to Host New Balance Pop-Up at The Corner
The corner pop-up will include monthly product drops across shoes, apparel and accessories for men, women and kids. Customers can also access limited-edition collaborations and customization opportunities available only in-store.
Stio Promotes Four Employees, Hires an Associate Creative Director
The company has promoted Sarah Raff to VP of operations, Liz Barrett to senior director of brand marketing, Stirling Cobb to product marketing director, and Chris Ragusa to director of customer experience. John Brown joins Stio as an associate creative director.
Repreve Maker Unifi Sees Stronger Fiscal Q3 Americas Business as Asia Weakens
Unifi’s results for the third quarter were in line with expectations, driven by an improved performance in the Americas segment due to the positive traction the company experienced with the growth in its Central America business.
EXEC: Coleman, Marmot Parent Shrugs Off Tariff Impact as Q1 Beats Estimates
On a quarterly call Wednesday, Chris Peterson, CEO of Newell Brands, parent of Coleman, Marmot and other outdoor brands, said he expects the company to be able to largely withstand and possibly benefit from a higher-tariff environment while predicting a larger decline in core sales for the year.
Report: Sports & Fitness Manufacturers’ Sales Growth Moderated in 2024
SFIA’s latest report found that some key categories, including martial arts gear, tennis balls, pickleball racquets and outdoor/adventure footwear, delivered double-digit growth in 2024 while sales across various categories remained far above pre-pandemic levels.
