Smartwool on Wednesday announced it has appointed Robin Hall to the newly created role of director of sustainability. The appointment elevates the brand’s commitment to environmentally responsible business practices.
Author: SGB Media
Modell’s To Move Corporate Office
Modell’s Sporting Goods is moving its corporate offices in 2020 to 1430 Broadway on the southwest corner of West 40th St.
Report: Dick’s CEO Ed Stack Considering Presidential Bid
According to a report in Politico, Ed Stack, Dick’s Sporting Good’s CEO, is “quietly” testing a presidential bid as a third-party candidate.
Winnebago’s Sales Dip In Fourth Quarter
Winnebago Industries reported net earnings rose 7.0 percent in the fourth quarter ended August 31 despite a 1.1 percent dip in sales.
Gildan Steps Up U.S. Production With $5 Million North Carolina Yarn Mill
Gildan Activewear plans to invest $5 million to revamp and operate a new yarn spinning mill in Eden, NC. The new location will be the company’s fifth state-of-the-art yarn spinning mill in North Carolina.
PrimaLoft Partners With Parley For The Oceans
PrimaLoft Inc. and environmental organization Parley for the Oceans announced a strategic partnership that will take plastic intercepted from remote islands, beaches and coastal communities and use it to manufacture high-performance insulation products.
REI Welcomes Kelley Hall As New CFO
REI Co-op has hired Kelley Hall as its new chief financial officer. Hall was senior vice president, chief accounting officer, and treasurer at Nordstrom Inc.
NSGA Applauds Department of Labor Ruling on Overtime Pay
The National Sporting Goods Association (NSGA) on Tuesday applauded the decision by the U.S. Department of Labor (DOL) on its final ruling that exempt employees who make less than $35,568 are eligible for overtime pay under the Fair Labor Standards Act (FLSA). The increase from $23,660 goes into effect January 1, 2020.
Winter Showing Signs Of Rebound In Southeast Resort Destinations
September’s booking pace improved overall performance at participating Southeast properties for the winter season, but having started the season in negative territory at the beginning of the season, there is still some ground to recover, according to Inntopia.
Wall Street Reacts To Under Armour’s Succession Plan
Analysts and investors reacted positively to Under Armour Inc.’s Tuesday morning announcement that the company would enact a succession plan and have current COO Patrik Frisk replace the company’s founder, Kevin Plank, as president and CEO on January 1, 2020. Here’s what they said about the leadership change.
Varsity Brands Appoints Steve Down As President Of Herff Jones
Varsity Brands, the market leader in team sports, school spirit and achievement recognition, announced that Steve Down has joined the company’s Herff Jones business division as president, effective immediately.
Skechers Achieves Record Net Sales In Third Quarter
Skechers USA Inc. reported net earnings rose 13.7 percent in the third quarter on a 15.1 percent revenue gain.
Nike’s CEO Mark Parker To Step Down In January 2020, John Donahoe To Succeed
Nike Inc said John Donahoe will be appointed as the company’s new president and chief executive officer, effective Jan. 13, 2020. At the same time, Mark Parker, CEO since 2006 and chairman, president and CEO since 2016, will become executive chairman and continue to lead the board of directors and work closely with Donahoe and the senior management team.
Voxel8 Announcing Series B Investment Round
Voxel8, a start-up bringing 3-D printing to footwear and athletic apparel, announces a Series B funding led by DSM Venturing, the venture investment arm of DSM.
Synchrony And Dick’s Sporting Goods Announce Multi-Year Extension
Synchrony announced it has signed a multi-year extension with Dick’s Sporting Goods. Building on a more than 15-year relationship, this agreement will continue to provide customers with special financing promotions, an accelerated rewards program, and digital account management through the ScoreRewards branded credit card and co-branded Mastercard credit programs.
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