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Author: SGB Media
Nike’s Design and Innovation Chief John Hoke to Retire in the Fall
John Hoke, Nike’s chief innovation officer, is retiring after serving in the role since 2023. He first worked at Nike on stores and fixtures before getting into footwear. An architect by training, he is credited with designing a NikeTown store and buildings on the Nike campus.
GunBroker.com Parent Appoints Chairman & CEO; Regains Nasdaq Compliance
The owner of GunBroker.com announced that Steve Urvan will serve as the company’s CEO and chairman of the Board following the recent closing of the divestiture of the company’s ammunition manufacturing division.
Costco Wholesale Misses on Q3 Top-Line as Discretionary Spending Weakens
The miss on the comparable sales line was said to be due to consumers paring back on large purchases, especially of non-essential goods such as home furnishings, as discretionary spending continues to weaken.
S&S Activewear Division Expands Warehousing to Scale Gaffney, SC Ops
The 100,000-square-foot expansion will allow Prime Line to scale its operations significantly, create new jobs in the region and enhance service to its distributor partners.
Ski-Doo Parent BRP, Inc. Comes Up Short in Q1 Despite Late Season Snow
The company’s North American retail sales were flat year-over-year for the first quarter. Seasonal Products retail sales were up, reportedly driven by strong end-of-season retail in Snowmobile following late snowfall.
Arc’teryx Parent Amer Sports Prices Secondary Offering
Amer Sports, Inc. has priced a previously announced secondary offering of 35,000,000 ordinary shares by entities affiliated with FountainVest Partners at a price to the public of $37.20 per share.
BRP President and CEO to Retire at Fiscal Year-End
José Boisjoli has informed the Board of Directors of his intention to retire by the end of the fiscal year, at which time he will also step down from his role as chair of the Board. He will continue to lead the company until a successor is named.
Foot Locker Starts to Move On, Cancels Q1 Analyst Call
Total comparable sales decreased 2.6 percent year-over-year with comparable sales in the North American region decreasing by 0.5 percent and Europe comps falling 10.2 percent in the first quarter.
Sqairz Expands North; to Open Canadian Warehouse June 2
The warehouse will speed delivery times to Canadian athletes, eliminating long delivery windows, unpredictable duties and high cross-border costs.
Pvolve Adds Five New Studios in Four Key U.S. Markets
The five new studios will be in Illinois, Kansas, Connecticut, and North Carolina. The Illinois location continues to deepen the brand’s presence in Chicago and the greater metro area.
U.S. Consumer Confidence Improves in May After Five Months of Decline
May’s rebound in confidence was broad-based across all age and income groups and shared across all political affiliations, with the strongest improvements among those identifying as Republicans.
Macy’s Inc. Pares Earnings Guide on Tariffs, Consumers and Competitor Promos
First quarter sales growth at Bloomingdale’s and Bluemercury was offset by a decline at Macy’s for the 13-week period ended May 3.
Vail Resorts CEO Steps Down; Board Chair Rob Katz to Assume CEO Role
Company CEO Kirsten Lynch has stepped down from her leadership role and Board director. Current Executive Chair and former CEO Rob Katz is returning as company CEO. Katz will continue to serve as the chairperson of the Board.
Crunch Fitness Franchisee Adds Four New Midwest Crunch Gyms
Primetime Fitness announced a significant expansion across Ohio and Michigan with the acquisition and development of four new gyms. The company, founded in 2016, operates 23 gyms across Michigan, Ohio, Kentucky, and Tennessee.
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