Albertsons Companies, Inc. reported that Sarah Mensah, president of the Jordan Brand for Nike, Inc., had joined the supermarket chain’s Board of Directors.
Author: SGB Media
Shoe Carnival Sets $50 Million Share Buyback Program
Shoe Carnival, Inc.’s Board of Directors authorized a new share repurchase program for up to $50 million of its outstanding common stock, effective January 1, 2024.
Coliseum Capital Co-Founder Joins Gildan Board; Firm Plans Further Investment
After a week of turmoil at Gildan Activewear Inc. with the ouster of company Founder and CEO Tom Chamandy, and pushback from at least two large investors, Gildan found support elsewhere on Monday, announcing a support agreement with Coliseum Capital Management, LLC.
Alpha Silencer Appoints New VP of Sales
Cody Bennion is expected to aggressively grow market share, revenue, distribution channels, and dealer satisfaction for the company’s titanium suppressors
Savage Arms Appoints New CEO as Al Kaspar Retires
Al Kasper, who has led the company for over a decade, will retire December 31, 2023. Chris Bezzina will take over as president and CEO effective December 31, 2023. Bezzina joined Savage in 2007.
Wolverine Transforming Saucony and Merrell Model in China; Sells Asia Leathers Business
Wolverine World Wide, Inc. said it plans to shift its Merrell and Saucony businesses in China from a joint venture model with with Xtep to a license and distribution rights model. It also agreed it sell its Asia-based Wolverine Leathers business. Both actions are expected to simplify Wolvderine’s business model and generate $70 million in proceeds.
Report: Sycamore Partners Exploring Bid For Macy’s
Private equity firm Sycamore Partners is reportedly eyeing making a bid for Macy’s, Inc., according WWD. The speculation comes after the Wall Street Journal, on December 12, reported that Arkhouse Management and Brigade Capital Management made a $21 a share, or $5.8 billion, offer for the department store chain.
Yeezy Hires Head of Design
Kanye West’s fashion brand Yeezy hired Russian designer and former Adidas collaborator Gosha Rubchinskiy as head of design.
GT Golf Acquires ProActive Sports Group
GT Golf Supplies, Inc., a wholesale golf distributor, reported acquiring the ProActive Sports Group, based in Canby, OR.
Paris Saint-Germain, Lids and Fanatics Open New Store in Toronto
The Paris Saint-Germain (PSG) opened a new club store in partnership with Lids and Fanatics at 399 Queen Street West in Toronto.
Paka launches Pakacloud, Alpaca Fiber Fleece Alternative
Paka, the Alpaca apparel manufacturer based in Peru, launched Pakacloud, an alpaca-based fleece.
TrainingPeaks launches Apple Watch custom workout Integration
TrainingPeaks, the training app for endurance coaches and athletes, released an integration with Apple Watch, allowing users to send structured bike and run workouts from TrainingPeaks directly to the Apple Watch Workout app.
Adidas AG Appoints HR Chief to Supervisory Board
The Supervisory Board of Adidas AG has appointed Michelle Robertson as an Executive Board member, responsible for global human resources, people and culture, effective January 1, 2024.
Association of Golf Merchandisers Honors Top 100 Golf Shops
The Association of Golf Merchandisers (AGM) announced the 2024 AGM Platinum Awards winners, recognizing the Top 100 golf shops.
StockX Outlines Cold Weather Footwear Favorites for Winter
According to the latest analysis from StockX, top picks at the culture marketplace include cold weather favorites from Ugg and performance styles from Salomon, New Balance and Hoka with Gore-Tex.
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