Fila Sees Higher Sales But Lower Profits For 2022
Fila Holdings Corp.’s earnings were down in the third quarter on lower margins. Sales grew modestly as declines for the Fila brand, including a sharp drop in the U.S., were offset by healthy gains for Acushnet, the parent of Titleist and Footjoy. Fila raised its sales outlook for the year but lowered its earnings guidance.
Dick’s Sporting Goods Hires Private Label Chief
Dick’s Sporting Goods hired Chad Kessler as EVP of vertical brands, its private label business. He will lead strategy, management and execution for the retailer’s vertical brands, including soft lines Calia, DSG and Alpine as well as the company’s hardline businesses.
Fleet Feet Roanoke Owners Retire After 20 Years, Successor Named
The retirement of Blaine and Robin Lewis, Fleet Feet Roanoke franchise owners since 2003, was announced by Fleet Feet corporate. General Manager Matt Thompson will purchase the store with an anticipated ownership transaction finalized in December.
Nike To Open Web3 Marketplace
Nike, Inc. will open an online store and trading platform called SWOOSH for virtual sneakers. Nike will release virtual products on the Web3-enabled platform where users can learn, collect and co-create virtual products.
Adidas’ Senior Unsecured Notes Offering Rated A2 By Moody’s
Moody’s Investors Service assigned an A2 rating to Adidas AG’s proposed €1.0 billion senior unsecured notes, split into two tranches maturing in 2025 and 2029. Proceeds from the notes will be used for general corporate purposes, including the refinancing of the company’s €500 million convertible bond due in September 2023.
Lululemon Adds Board Member
Lululemon Athletica, Inc. said Isabel Ge Mahe had joined its Board of Directors, effective immediately. Ge Mahe is vice president and managing director of Greater China for Apple.
Puma And Foot Locker Expand Partnership
Puma and Foot Locker, Inc. have extended their long-standing partnership through collection and marketing collaborations with a refocus on basketball and to reach younger consumers.
Calcutta Outdoors Welcomes President And General Manager
Ed Small, CEO of Peak Global Holdings, announced that Chris Carlisle was hired as president and general manager of Calcutta Outdoors.
Nike’s Chief DEI Officer Exits
Nike’s chief diversity, equity and inclusion (DEI) officer, Jarvis Sam, has exited Nike after only five months in the post, according to a report from Business Insider.
Life Is Good Opens First California Store
Life Is Good opened its first store in California in La Jolla.
Ronnie Fieg Named NY Knicks’ Creative Director
The New York Knicks hired Kith-founder and CEO Ronnie Fieg as the Knicks’ first creative director.
Maryland Governor-Elect Steps Down From Under Armour’s Board
Under Armour Inc. announced that Wes Moore has stepped down from its Board of Directors effective immediately due to his election as governor of the state of Maryland.
Dillard’s Sees Q3 Profits Slip
Dillard’s Inc. reported a slight decline in earnings in the third quarter as a gross margin decline offset 3 percent same-store sales growth.
Yue Yuen Sees Manufacturing Offsetting Retail Weakness In YTD Report
Yue Yuen Industrial (Holdings) Inc. reported revenue of US$6.972 billion in the nine months ended September 30, 2022, representing an increase of 8.2 percent compared to revenue of US$6.441 billion in the prior-year YTD period.
KMD Brands Adds Director
KMD Brands, Ltd., the parent of Kathmandu, Rip Curl and Oboz, announced that it had completed the process to hire an additional non-executive director to its Board. Zion Armstrong, former president of Adidas North America, agreed to join the company as a non-executive director, effective December 1, 2022.
