Fanatics Commerce Appoints Three Key Executives
Stephen Dowling joins Fanatics Commerce in a new role as president, international. Valerie Love joins the company as chief people officer, and Justin Tsai joins in the newly created role of chief product officer.
McKinsey and WFSGI See Upbeat Execs in Sporting Goods 2024 Report
After a mixed 2023, sporting goods companies continue to face macroeconomic headwinds, winner-takes-all competition, and rising levels of physical inactivity around the world. Still, many executives say they are more optimistic than at any time over the past few years.
Tom Brady’s TB12 Nutrition Brand to Merge with Nobull
Nobull was purchased in 2023 by beverage veteran Mike Repole. The deal includes footwear, apparel and nutrition products previously housed under the TB12 and Brady brands. Brady becomes the second largest shareholder.
Gordon Brothers Will Sell Zulily Inventory & Fulfillment Center Assets
The company has been engaged to sell by private treaty over $85 million of inventory and the assets of two 775,000-square-foot fulfillment centers on behalf of Zulily ABC LLC.
Ermenegildo Zegna Sales Up Strong in Q4 on DTC and Asia Growth
Revenues for the fourth quarter of 2023 were €570 million, up 40.1 percent YoY and up 42.9 percent YoY on a constant-currency basis, with an organic growth rate of 19.6 percent.
Walmart Will Conduct 3:1 Stock Split
Shares to be issued in the stock split will be payable after market close on February 23, for shareholders of record at the close of business on February 22. Shareholders will receive a distribution of two additional shares of common stock for each share held.
Nordstrom Plans Two New Rack Locations in North Carolina
The new stores will be located in Raleigh and Matthews. The 32,000-square-foot Raleigh store will be located in Triangle Town Place open in fall 2024, while the 25,000-square-foot Matthews store outside Charlotte is expected to open in spring 2025.
EY Survey: CEOs are Displaying Newfound Resilience and Confidence
Global CEOs are optimistic about their ability to drive revenue growth and profitability in 2024 despite global economic headwinds, according to the latest EY CEO Outlook Pulse survey.
Dr. Martens Sees 18 Percent Sales Decline in Fiscal Q3 on U.S. Results
Group revenue reportedly declined 18 percent in constant-currency terms or a reported currency decline of 21 percent to £261.7 million. The result was said to be driven by a weak U.S. performance, as expected.
NSSF Concludes a Record SHOT Show
More than 55,400 industry professionals attended the four-day event with more than 2,600 companies exhibiting.
Ronnie Fieg for Diemme Cornaro
Ronnie Fieg, owner-operator of Kith, renewed his partnership with Diemme, to update the Cornaro in Kith’s Winter 2023 Palette.
Two Ten Footwear Foundation Appoints New Chair and Vice Chair
New Balance President and CEO Joe Preston was confirmed as Board chair, succeeding outgoing chair David Kahan, president and CEO of Birkenstock USA. Jonathan Frankel, president of Aldo Product Services, Aldo Group, now serves as Board vice chair.
Sportsman’s Warehouse Adds Indie Board Director
Steve Becker is the new independent member of the company’s Board of Directors, effective immediately. He will serve as a member of the Board’s Nominating and Governance Committee.
Converse and Turnstile Drop Chuck 70 and One Star Pro
For the first time, Baltimore-based band Turnstile applies its style and passion for skateboarding into a two-sneaker, limited-edition capsule featuring a Converse Chuck 70 and One Star Pro.
Feel the Course in Asics Gel-Kayano Ace 2
Designed to bring lightweight comfort to the golf course, the Asics Gel-Kayano Ace 2 builds on the brand’s running shoes, giving golfers performance footwear while on the course.
