Hemisphere Design Works Names Jim Fox New CEO

Hemisphere Design Works, the world’s largest maker of kayaks, announces the hiring of Jim Fox as its new Chief Executive Officer. Fox’s predecessor, Chuck Smith, stepped down from his position following a mutual agreement. Fox will now oversee the company’s continued evolution in a rapidly growing market

Jay Getzel Leaves Mountainsmith To Join Nite Ize

Mountainsmith President Jay Getzel has left the company to join Nite Ize Inc. as director of its outdoor/pet/toy division. Getzel, who brings more than 19 years of outdoor industry experience, will oversee current vertical retail channels and develop new relationships in support of Nite Ize’s expansion into the travel category.

PHIT America Releases “Power of P.E.” Documentary

PHIT America has launched a 28-minute documentary, “Creating Healthier & Smarter Kids: The Power of P.E.,” detailing the negative side effects of physical inactivity. The video will be distributed to P.E. teachers and other school administrators to help highlight the importance of P.E. programs.

Running Awards & Apparel Merges With Racetrackers

Running Awards & Apparel has merged with with Racetrackers Enterprises, Inc. formerly of Spencer, IN. The two companies have supplied running events such as 5Ks, 10Ks and marathons among other races, across the U.S. with custom race apparel, race medals, technical running shirts, and more for over 35 years.

Shopko Files For Bankruptcy

Shopko, the operator of general merchandise stores based in Green Bay, WI,  filed for Chapter 11 in the District of Nebraska. The company is pursuing restructuring as a result of “excess debt and ongoing competitive pressures.”

Activism Paying Off For Patagonia

At a session the NRF Big Show in New York City, Patagonia’s CEO Rose Marcario said the last decade “has been the best decade for us in terms of our business” even as the company has doubled-down on its commitment to sustainability and taken on risks by becoming more politically active around environmental issues. But she regarded Patagonia’s moves to take on hot-button issues as only “a proportional response to what’s going on.”

Crocs Pivots To Growth Mode After Successful Repositioning

The transformation that Crocs Inc. began a few years ago has included everything from shuttering stores to adjusting its channel strategy to closing its company-owned manufacturing facilities. Those efforts to slash costs have paid off for the Niwot, CO-based footwear maker. After shedding $80 million in SG&A expenses in that timeframe, the company can now focus on the next leg of its journey—growth.

TRX Completes Strategic Growth Recapitalization

Structured as a management buyout of previous investors by Equity38, the partnership was ideal for TRX in that it maintains the company’s existing infrastructure, led by founder/CEO and former Navy SEAL, Randy Hetrick; while also arming TRX with the capital and significant additional category expertise and resources from Equity38, to further develop the TRX brand.

Aetrex Worldwide Announces Key Sales Appointments

Aetrex Worldwide Inc.  has added two key sales executives to its growing global team. Jason Israel was appointed vice president of business development in the technology and orthotics division, and Renee Newman joins as the vice president of sales, strategic footwear accounts.