Authentic Brands Group announced that it completed the acquisition of Reebok from Adidas. Becoming its largest acquisition to date, the company said it is setting a “new path for Reebok” that capitalizes on the brand’s heritage in sports and fashion.
Category: Footwear
Acushnet Posts Flat Q4 Revenues On Supply Chain Constraints
Acushnet Holdings Corp. reported sales were flat against year-ago levels as supply chain constraints impacted sales volumes across all reportable segments. The parent of Titleist reported a net loss in the period due to increased inbound freight costs, the negative impact of raw material and component shortages on production costs, lower golf club sales and higher marketing expense. For the year, sales grew 33 percent and adjusted EBITDA surged 41 percent.
Kohl’s Q4 Earnings Tops Wall Street Targets
Kohl’s Inc. reported a decline in fourth-quarter earnings but they topped Wall Street estimates. Sales in the quarter rose 5.8 percent. Kohl’s provided an upbeat outlook for the year.
Mountain Hardwear Expands Leadership Team
Mountain Hardwear, owned by Columbia Sportswear, announced three internal promotions including a new vice president of product line management and merchandising, plus two new hires.
Asics Promotes Yasuhito Hirota To CEO
Asics promoted Yasuhito Hirota to CEO. Hirota has been president and COO for four years and will retain those roles.
Hey Dude Makes Key Appointments
Crocs announced that Pete Gilmore had joined its newly-acquired Hey Dude casual footwear brand as SVP, supply chain while Katie Wagner becomes VP of Hey Dude’s sales.
KYX World Secures Funding Round
KYX World, a sneaker start-up based in Los Angeles, announced its latest fundraising round led by SeventySix Capital, with further investment coming from other key strategic investors including NBA All-Star DeMar DeRozan and Super Bowl Champion Emmanuel Sanders.
Frasers Group Acquires Studio Retail
Frasers Group has bought online retailer Studio Retail out of administration, the U.K equivalent of bankruptcy proceedings, for £26.8 million ($36M).
REI To Open In Gretna, Nebraska
REI Co-op will open its first Nebraska store in Gretna in fall 2022.
U.S. Golf Rounds Played Drop In January
According to Golf Datatech, U.S. rounds of golf played fell 12.2 percent in January compared to January 2021.
The Buckle Announces Leadership Appointments And Changes To Executive Team
The Buckle, Inc. announced eight leadership appointments to Vice President for the company and changes to its executive leadership team, effective immediately.
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.
Elevate Outdoor Collective Hires Global Vice President Design/Creative Director
Elevate Outdoor Collective announced it had hired Peter Stolz as global vice president design/creative director.
Emerald Holding Shrinks Loss In Fourth Quarter And Year
Emerald Holding, Inc. reported a smaller loss in the fourth quarter and saw sales more than double as the company benefited from the return of trade show events.
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.
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal