JCPenney Announces Key Executive Appointments

J. C. Penney Company Inc. on Tuesday announced that Brooke Buchanan, a seasoned communications executive with over 15 years of communications expertise, will join the company on October 28 as senior vice president, communications, reporting to CEO Jill Soltau.

IAAF To Investigate Nike’s Record-Breaking Shoe

The International Association of Athletics Federation (IAAF), the organizing body for various running-based competitions, launched a probe into the Nike Vaporfly after reported complaints about its use in competition.

Under Armour Founder Kevin Plank Steps Aside As CEO

Kevin Plank, the founder and CEO of Under Armour Inc., is stepping down as CEO. Patrik Frisk, the company’s chief operating officer, will take over as CEO at the end of the year.  Plank, who started the sportswear company in 1996, will stay as executive chairman and brand chief.

Fanatics Partners With Blizzard Entertainment

Fanatics and publisher Blizzard Entertainment announced an expanded agreement that will see Fanatics operate new mobile-friendly e-commerce platforms that will house Blizzard’s Gear Stores for gamers across the globe.

Mike Dowse To Head USTA

Michael Dowse, president of Wilson Sporting Goods Co., has been named chief executive officer and executive director of the United States Tennis Association.

Can Peloton Pull A ‘Netflix’ On Gym Memberships?

Shares of Peloton Interactive Inc. slipped yet again Monday, down $1.26, or 5.4 percent, to $22.26 at market close, but analysts remain upbeat on the company’s prospects—specifically its ability to disrupt certain markets such as gym memberships—based on recent coverage initiation reports and rating changes to “buy” or equivalent.

Callaway Golf Signs Stephen Curry

Three-time NBA champion and international superstar, Stephen Curry, has entered into a unique partnership with golf equipment manufacturer, Callaway Golf Company. 

Macy’s Inc. Commits To Going Fur-Free

Macy’s, Inc. announced that it will stop selling fur by the end of fiscal 2020. This includes all Macy’s and Bloomingdale’s private brands, as well as items sold from brand partners.

Saks-Owner To Go Private

Hudson’s Bay Company, which owns Saks Fifth Avenue, said its board of directors has accepted a revised offer from a group of majority shareholders led by executive chairman Richard Baker, bringing the retailer a step closer to going private.

Adidas’ Eric Liedtke To Exit At Year End

Adidas AG announced that Eric Liedtke, a 25-year Adidas veteran responsible for global brands, plans to exit the company at the close of the year. Liedtke was credited with guiding successful collaborations with global influencers such as Kanye West, Pharrell Williams and Beyoncé. Brian Grevy, CEO of Gant, will return as executive board member, responsible for global brands at the start of next year.

Cole Haan Submits Confidential IPO Paperwork

Cole Haan, acquired in 2013 by private equity firm Apax Partners from Nike Inc., has taken another step in its initial public offering progress. The company has confidentially submitted a draft registration statement on Form S-1 with the SEC relating to the proposed IPO of its common stock.