Former executive of Pigu Hobby Hall Group and eMag, Florin Filote, to lead European business as long-time GM of Europe Dan DeMeyere transitions back to ThredUps U.S. business as chief product and technology officer after running international business.
Author: SGB Media
Lee Launches Men’s Golf Collection
The technology-infused curated assortment includes tops and bottoms that are made to transition from the office to the green.
EXEC: BOA Fuels CODI’s Q1 Branded Consumer Group; Primaloft Sees Order Growth
BOA grew revenues and adjusted EBITDA by 13 percent and 15 percent, respectively in the first quarter of 2024. Bookings outpaced revenue growth, which supports expectations of a strong 2024.
Vail Resorts Shifts Europe Leadership, Closes Crans-Montana Acquisition
Vail closed on the purchase of Crans-Montana Mountain Resort. The acquisition represents the company’s second strategic investment to own and operate ski resorts in Europe.
Columbia Sportswear Appoints VP Brand for Sorel
Michael Minter joined the company on April 29 with nearly 20 years of experience working in creative and marketing leadership roles for Sanuk, Billabong, Keen, DC, and Reef.
EXEC: JD Sports Fashion to See Company Board Shift at Annual Meeting
Mahbobeh Sabetnia, a non-executive director and member of the Remuneration Committee, has decided not to stand for re-election at the company’s Annual General Meeting on June 27.
Life Time Group Sees Strong Q1 Results, Raises EBITDA Guidance
Revenue increased 16.8 percent to $596.7 million from continued strong membership dues and in-center revenue growth.
EXEC: Fenix Outdoor Sees Q1 Sales Decline, but DTC Shines
Brands segments, which includes Fjällräven, Royal Robbins, Hanwag, and Fenix Outdoor, had sales of €45.2 million in the first quarter, falling 14.9 percent from €53.1 million in the prior-year first quarter.
Peloton CEO Steps Down; Company Cutting About 400 Jobs
Barry McCarthy is stepping down as CEO, president and Board director. The company is also cutting about 400 jobs and reducing retail showrooms in a move to reduce annual run-rate expenses by over $200 million by the end of its 2025 fiscal year.
Banana Republic CEO Departs
Sandra Strangl mutally agreed to leave the company after four years at the helm as parent company, Gap, Inc., transitions to new leadership.
Outerknown, Firewire Surfboards and Slater Designs Merge
Kelly Slater, the eleven-time World Surf League champion, announces that the brands, including Slater Designs Fin Company, LLC, DBA Endorfins, merged under a new holding company effective immediately
Compass Diversified Sees All Q1 Upside Coming from Branded Consumer Group
CODI saw first quarter sales increase 11.0 percent to $375.4 million on a pro forma basis in its Consumer Brands segment, which includes the 5.11, Boa, Primaloft and Velocity Outdoor brands in the active lifestyle market, among other consumer brands.
OrthoLite Adds Two Key Hires to Global Foam Innovation Team
Leading the charge on the expansion of OrthoLite’s Global Foam Innovation team is Shaw Kiat Phua who was hired as global operations chemical director. Ha Pham, a seasoned polyurethane specialist also joins the Global Foam Innovation team.
Camping World Holdings Sees Q1 New Vehicle RV Sales Up in Double Digits
New unit sales outpaced broader RV industry trends, driving record new unit market share for January and February. Same-store new vehicle unit volume increased double-digits in the quarter, with momentum continuing through April.
Saucony Launches Redesigned Triumph 22
The redesigned Triumph 22 features the brand’s PwrRunPB foam, initially created for the Endorphin Pro but now tuned for daily mileage.
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