Eli Kumekpor has been named the company’s CEO, effective immediately. Kumekpor was most recently global VP and general manager of the Jordan Brand’s men’s business. He succeeds Kevin Wulff, who is retiring on Friday.
Category: Sports/Fitness
Nomadix Names New Brand Marketing Manager
Nomadix, the maker of The Only Towel You Need, made from post-consumer recycled materials, promoted Elyse Cornett to brand marketing manager, responsible for developing and executing marketing strategies.
Chandler Bats Acquires Emery Glove
Chandler Bats announced the acquisition of custom baseball glove manufacturer Emery Glove Co., benefiting both companies with product diversification and increased opportunity for customer crossover.
Active Brands Group Hires E-Commerce Manager
Sweden-based ABG hired Rohan Callander as e-commerce manager responsible on expanding the DTC business for its portfolio of brands.
Wolverine’s Debt Ratings Lowered by Moody’s
Moody’s Investors Service downgraded the debt ratings of Wolverine World Wide, Inc., reflecting the company’s significant earnings decline in Q2 2023 and Moody’s expectations for continued weak near-term performance. S&P Global Ratings similarly recently reduced its rating.
EXEC: Active Lifestyle Well Represented on 2023 Inc. 5000 List
Golftec, Xero Shoes, SylvanSport, Stinger Sports, Bases Loaded and GiantMouse are brands in the wide range of companies in the active lifestyle space to land in Inc’s 5000 for 2023 annual ranking of the fastest-growing private companies in America—a snapshot of companies’ performance from 2019 to 2022.
Ouray Sportswear to Close Colorado Operations Following Sale
Ouray Sportswear is closing its production facility in Englewood, CO, following its sale to Philadelphia-based L2 Brands in January 2023. The closure will affect 154 jobs.
Rally House Continues Growth In New Store Openings
Rally House opened five new stores in five states this past weekend, they follow the seven stores the retailer opened last weekend. It now counts 16 stores opened in August.
EXEC: Symphony Holdings Warns of Increased Loss for H1 Period
The company is the owner of the trademark and patent of compression wear brand Skins. The Group also operates the Pony footwear brand in APAC countries, excluding China and Taiwan regions, with Iconix International Inc.
Amped Fitness Names First Franchise Partners
Amped Fitness continues expanding, introducing its first franchise partners, Matt and Kyana Carrico, to the Indianapolis market by 2024, according to CEO Travis Labazzo.
Report Forecasts Flattish Online Growth in U.S. for Holiday 2023
Salesforce’s 2023 Holiday Forecast calls for 4 percent global and 1 percent U.S. year-over-year online sales growth across November and December, reaching $1.19 trillion and $273 billion, respectively.
OrthoLite Bolsters Sales Team in China
OrthoLite added to its sales management team in China, appointing Chuck Yu as director of sales strategy and John Liu as sales manager.
Ace Pickleball Club Plans National Rollout
Ace Pickleball Club, an operator of indoor pickleball facilities, announced further expansion plans with over 50 franchises sold in the U.S., including Arizona, California, Florida, Illinois, Indiana, Michigan, New Jersey, New York, and Pennsylvania.
Golf Rounds Played Climb in July
Rounds of golf played advanced 3.2 percent in July and are running up 5.0 percent for the first seven months of 2023, according to Golf Datatech.
EXEC: Department Stores Stung by Apparel Category Woes
Macy’s, Nordstrom, Kohl’s, and Dillard’s saw sales decline in the second quarter as the retailer’s core apparel category faced promotional pressures and weak demand. The active category was a bright spot for Nordstrom, but continued to struggle at Macy’s and Kohl’s.
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