BSN Sports Launches Club Direct Division

BSN Sports has launched a new division, Club Direct, serving the youth club sports market. Brian Fleming, formerly BSN’s senior vice president of business development, collegiate, is running the business.

Newell’s Debt Ratings Downgraded Due to Earnings Erosion

Moody’s Ratings downgraded the debt ratings of Newell Brands Inc., the parent of Coleman, Marmot and other outdoor brands, due to its weakening operating results. The rating agency said, “The ratings downgrade reflects ongoing pressures on Newell’s business as persistently weak consumer demand continues to impact its top line and higher costs and lower volumes are hindering its ability to meaningfully expand its operating profit margin.”

Rhone Appoints New COO

The activewear brand appointed Matthew Wallace, CEO and co-founder of the fashion tech startup DXM, Inc., as chief operating officer. Prior to co-founding DXM in 2020, Wallace worked at PVH Supply, part of PVH Corp.

Columbia Sportswear Appoints Co-Presidents as Part of Succession Plans

Columbia Sportswear Company has appointed Peter Bragdon, Esquire, and Joe Boyle as co-presidents of the company, with Boyle appointed president of the Columbia brand. Bragdon will focus on the company’s International businesses, including the Mountain Hardwear, Prana and Sorel brands, while continuing his existing executive oversight of certain administrative and international distributor sales functions.

Xponential Fitness Hires Chief Legal Counsel

The parent of Club Pilates, StretchLab, YogaSix and other fitness boutiques appointed Gavin O’Connor as its chief legal counsel and administrative officer, effective November 14. Andrew Hagopian, the company’s previous chief legal officer, has separated from the company as of November 10.

Outdoor Sports Marketing Expands Team

Outdoor Sports Marketing (OSM), based in Greenville, SC, hired industry veterans Gaston Farmer and Wendy Stanley as territory reps while appointing Joshua Gibbs as footwear channel lead.

EXEC: Globeride Lowers FY Outlook Due to Pricing Pressures

Globalride, the maker of golf and fishing products, reported flattish global sales and earnings in the fiscal first six months through September 30, with increasing profits in its home market of Japan offsetting declines in the Americas and Europe. The Japanese firm lowered FY guidance for the year due to “energy and commodity prices.”

The RealReal Sees Q3 Revenues Expand 17 Percent

The RealReal, Inc. reported a sharp uptick in adjusted operating earnings in the third quarter, with gross merchandise value (GMV) increasing 20 percent and revenues advancing 17 percent. The luxury resale platform lifted its guidance for the year.