Nike Appoints New SNKRS VP

Nike has named Lucy Rouse as its VP/GM overseeing SNKRS, Nike’s marquee app for releases and content, according to an internal e-mail obtained by Complex.

Brooks Promotes Dan Sheridan To President

Following a record-breaking 2021 when Brooks Running exceeded $1 billion in annual revenue for the first time, the company announced that Dan Sheridan would assume a new president and chief operating officer role, partnering with CEO Jim Weber, to support continued growth for the brand.

Allbirds’ Q4 Revenues Climb 23 Percent

Allbirds, Inc. reported a slightly wider net loss in the fourth quarter but adjusted EBITDA showed improvement as gross margins expanded 45 basis points and revenue increased 23 percent. The sustainable footwear brand forecasted growth of 28 percent to 32 percent in the current year.

Wolverine Worldwide’s Sales Jump 25 Percent In Fourth Quarter

Wolverine Worldwide reported adjusted earnings in the fourth quarter nearly doubled as sales grew 25 percent. Results were slightly ahead of Wall Street targets. Sales grew 35 percent for 2021 and are expected to expand in the range of 15 to 18 percent in the current year.