Acushnet Holdings Corp., the parent of Titleist, FootJoy and KJUS, reported second-quarter net income down 94.0 percent, adjusted EBITDA fell 56.3 percent and sales slid 35.1 percent.
Category: Apparel
Nike Eyes 500 Layoffs At Oregon HQ
Nike announced layoffs that will eliminate at least 500 jobs at the company’s world headquarters in Oregon, according to the state of Oregon’s Worker Adjustment and Retraining Notification website.
Adidas AG Extends CEO’s Appointment Through July 2026
The Supervisory Board of Adidas AG has extended the appointment of CEO Kasper Rorsted by another five years until July 31, 2026.
Amer Sports Q2 Revenues Sink 36 Percent
Amer Sports’ revenues fell 36 percent in the second quarter, driving a 22 percent decline in the first half of the year, according to debt reviews from Moody’s and S&P. Bot rating agencies affirmed Amer has adequate liquidity to operate through the year and each assigned a low investment-grade rating of B3 and B- on Amer’s new €100 million facility.
H1 Athletic Footwear And Apparel Sales Fall In Low-Teens, According To NPD
According to the NPD Group, both athletic footwear and activewear sales declined in the low-teens in the first six months of the year. In footwear, Brand Jordan, Brooks, Hoka One One, and On were among the few athletic brands showing gains. Nike performed better in apparel among the big-three brands.
DW Sports Enters Administration
DW Sports, which operates 73 gyms and 75 stores across the U.K., said it plans to enter into administration. All of its stores will close, but DW plans to work with administrators from BDO to save as many gyms as possible.
OR Parent’s Q2 Results Marred By Event Cancellations
Emerald Holding Inc., the parent of Outdoor Retailer, Surf Expo and other trade shows, reported a steep decline in revenues in the second quarter due to event cancellations tied to COVID-19 but saw a more modest decline in earnings due to the arrival of initial claims confirmed under its event cancellation insurance policy.
Emerald Holding Announces Election Of New Preferred Stock Directors
Emerald Holding Inc., the parent of Outdoor Retailer, Surf Expo and other trade shows, announced that OPV GEM Aggregator LP, the majority holder of the outstanding shares of Series A Convertible Participating Preferred Stock of Emerald Holding, Inc., elected Lynda Clarizio and David Levin as Preferred Stock Directors to the company’s Board of Directors, effective immediately.
Nike Partners With Naomi Osaka On Program To Change Girls’ Lives Through Sport
Nike has partnered with tennis star Naomi Osaka and Laureus Sport for Good to start a new grassroots sports program, Play Academy with Naomi Osaka, designed to train and inspire girls through sport.
Icebreaker Appoints New GM and VP
Icebreaker appointed Cameron Walker as its new GM and VP at Icebreaker North America, Rachel Winkel as director of North American marketing and Sam Minassian as head of e-commerce & digital marketplaces.
VF Corp Appoints President, Greater China
VF Corporation announced the appointment of Winnie Ma to the new position of president, Greater China. Ma joins VF following a 10-year career at Unilever, North Asia, where she most recently led the Beauty & Personal Care category business.
OBIT: Mark Satkiewicz
Mark Satkiewicz, an industry veteran who formerly led SmartWool and was most recently a Co-Founder and race director at SBT GRVL, the popular Colorado gravel race, has passed away.
VF Claims No. 1 Spot On Barron’s List Of Most Socially Conscious Companies
VF Corp. claimed the No. 1 spot in June in Barron’s re-ranking of its 100 Most Sustainable Companies focusing on social commitments.
Backcountry CEO Joins Revolve Board Of Directors
Revolve Group, Inc. announced the appointment Melanie Cox, CEO of Backcountry, to its board of directors, as well as the audit and compensation committees, effective immediately.
G-III Apparel Announces Pricing Of $400 Million Of Notes
G-III Apparel Group Ltd. announced that it has priced $400 million aggregate principal amount of 7.875 percent senior secured notes due 2025.
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