In response to the receipt of a confidential non-binding expression of interest to acquire Gildan, Gildan’s Board formed a Special Committee of independent directors to, among other things, review and consider the merits of the proposal and seek alternatives.
Author: SGB Media

New Era Cap Signs Multi-Year Collab With Pro BMX Athlete Nigel Sylvester
Sylvester to serve as creative advisor in multi-year deal with New Era Cap.

Wahoo Fitness Appoints New CEO
Gareth Joyce brings experience growing major global consumer and technology brands to drive accelerated growth and achieve Wahoo’s mission of building a better athlete.

Academy Sports and Outdoors Taps Google, Walmart Vet for Board Director
Monique Picou has over 30 years of supply chain, logistics, strategic planning, operations, digital/technology, and engineering experience. She has worked as the global EVP of Google Cloud supply chain and operations at Alphabet, Inc. since March 2023.

Crunch Franchise Opens Newest Location in Florida
Crunch Franchise opened Crunch Poinciana, a 35,000-square-foot fitness facility, in a newly constructed building at Poinciana Lakes Plaza.

Report: How Retailers and Consumers are Handling Customer Returns
Consumers are more mindful of changing return policies, which results in fees and shortened return windows. What can retailers do to improve customer relationships, as return rates are at 14.5 percent of sales?

EXEC: Caleres Looks to Invest in Brand Portfolio Growth as Famous Footwear Struggles
The parent company of Famous Footwear and the Naturalizer, Vionic, Allen Edmonds, Blowfish Malibu, and Sam Edelman brands said the Brand Portfolio segment led the financial performance of the company for the first time in nearly two decades.

ASA: U.S. Senate Unanimously Advances Bipartisan Conservation Bill
The sportfishing industry applauded the approval of the America’s Conservation Enhancement Reauthorization Act (S. 3791) by the Senate Environment and Public Works Committee.

EoS Fitness COO Elected to Health & Fitness Association Board
Richard Idgar, the chief operating officerof EoS Fitness, was elected to the board of directors for the Health & Fitness Association (formerly IHRSA).

Lululemon Appoints Teri List as New Board Member
List currently sits on the Boards of Directors for Microsoft, Visa, Danaher, and DoubleVerify. Previously, she was the EVP and CFO at Gap, Inc., Dick’s Sporting Goods, and Kraft Foods Group.

Kontoor Brands Appoints COO; Promotes Two Execs to Leadership Team
The parent of the Wrangler and Lee denim brands, has appointed Tom Waldron as chief operating officer (COO), effective March 19, 2024, and promoted two others to his new Executive Leadership Team. Christopher Waldeck is leaving the company.

“Unfortunately, Not A Lot Has Changed For Girls In Football”
German national team captain Alexandra Popp speaks to Puma CEO Arne Freundt about leadership and the challenges of women in football (soccer).

Famous Footwear Parent, Caleres Inc., Posts Flat Sales in Q4 Despite Extra Week
The parent of Famous Footwear and the Naturalizer, Vionic, Allen Edmonds, Blowfish Malibu, and Sam Edelman brands, eked out a slight increase in net sales for the 14-week period ended February 3, increasing just 0.1 percent to $697.1 million, helped by the extra week.

NGF Releases Latest State-By-State Golf Report
Florida has had a specialty license plate, a source of funding for FL junior golf programs, that identifies it as the “Golf Capital of the World.”

EXEC: Rip Curl and Oboz Parent Saw Both Brands Hurt by Retailer Caution in H1
KMD Brands, Inc., the New Zealand-based parent of the Rip Curl, Oboz and Kathmandu brands, reported that total consolidated Group revenue in the first half of fiscal 2024 decreased 14.5 percent year-over-year (YoY).