Dick’s Sporting Goods hired Chad Kessler as EVP of vertical brands, its private label business. He will lead strategy, management and execution for the retailer’s vertical brands, including soft lines Calia, DSG and Alpine as well as the company’s hardline businesses.
Category: Sports/Fitness
F45 Training Posts Steep Q3 Loss On Charges
F45 Training Holdings, Inc. posted a steep loss in the third quarter ended September 30 on restructuring and litigation charges. Same-store sales increased 16 percent globally and 11 percent in the United States. The fitness studio also formed a committee to explore a sales offer.
Fleet Feet Roanoke Owners Retire After 20 Years, Successor Named
The retirement of Blaine and Robin Lewis, Fleet Feet Roanoke franchise owners since 2003, was announced by Fleet Feet corporate. General Manager Matt Thompson will purchase the store with an anticipated ownership transaction finalized in December.
Nike To Open Web3 Marketplace
Nike, Inc. will open an online store and trading platform called SWOOSH for virtual sneakers. Nike will release virtual products on the Web3-enabled platform where users can learn, collect and co-create virtual products.
Adidas’ Senior Unsecured Notes Offering Rated A2 By Moody’s
Moody’s Investors Service assigned an A2 rating to Adidas AG’s proposed €1.0 billion senior unsecured notes, split into two tranches maturing in 2025 and 2029. Proceeds from the notes will be used for general corporate purposes, including the refinancing of the company’s €500 million convertible bond due in September 2023.
AstroTurf Names Vice President, Business Development
AstroTurf promoted Rob Mitchell to vice president, business development. Mitchell previously worked as AstroTurf’s director of rugby and as a regional sales manager in Wisconsin, Illinois, Minnesota, and Indiana.
Lululemon Adds Board Member
Lululemon Athletica, Inc. said Isabel Ge Mahe had joined its Board of Directors, effective immediately. Ge Mahe is vice president and managing director of Greater China for Apple.
Nike’s Chief DEI Officer Exits
Nike’s chief diversity, equity and inclusion (DEI) officer, Jarvis Sam, has exited Nike after only five months in the post, according to a report from Business Insider.
Ronnie Fieg Named NY Knicks’ Creative Director
The New York Knicks hired Kith-founder and CEO Ronnie Fieg as the Knicks’ first creative director.
Maryland Governor-Elect Steps Down From Under Armour’s Board
Under Armour Inc. announced that Wes Moore has stepped down from its Board of Directors effective immediately due to his election as governor of the state of Maryland.
Yue Yuen Sees Manufacturing Offsetting Retail Weakness In YTD Report
Yue Yuen Industrial (Holdings) Inc. reported revenue of US$6.972 billion in the nine months ended September 30, 2022, representing an increase of 8.2 percent compared to revenue of US$6.441 billion in the prior-year YTD period.
Pro Athletes Join In Ownership Of Honey Stinger
Honey Stinger reported that ten professional athletes had joined in ownership of the company and its principal investor, Factory LLC, as part of a $15 million raise facilitated by Chaos Ventures.
SportChek’s Sales Dip In Third Quarter
Canadian Tire Inc. reported SportChek’s retail sales were down 1.5 percent in the third quarter with comparable sales down 1.0 percent over the same period last year.
Wolverine World Wide Re-Aligns Brand Structure, Leadership
Wolverine World Wide, Inc. is reorganizing its brand group structure into the Active, Work, and Lifestyle Groups and appointed new leadership for each group.
OS1st Appoints SVP Business Development
OS1st hired industry veteran Chris Bevin as the brand’s SVP of business development.
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