SGB Executive

EXEC: Coleman, Marmot Parent Shrugs Off Tariff Impact as Q1 Beats Estimates

On a quarterly call Wednesday, Chris Peterson, CEO of Newell Brands, parent of Coleman, Marmot and other outdoor brands, said he expects the company to be able to largely withstand and possibly benefit from a higher-tariff environment while predicting a larger decline in core sales for the year.

EXEC: Adidas CEO Clarifies U.S. Pricing Position; Will Wait for Competitors’ Moves

On Adidas’ first-quarter analyst call, Bjørn Gulden CEO, said Adidas hasn’t yet raised prices on U.S. products due to the U.S. tariffs but expects to should the tariffs remain and only after other brands raise prices. He said, “I have seen that certain press is writing that Adidas is raising prices. That is, of course, not true.”

EXEC: Woom Boasts 40 Percent Premium Bike Sales Growth in Q1

Kasper Rørsted, the former Adidas CEO and chair of the Board at Woom, is now helming a growth company boasting double-digit growth in established countries and 50 percent growth in the Nordic countries, the UK and the Benelux.