Wolverine Worldwide, 3M To Pay $54M In PFAS Class Settlement
A judge has given tentative approval in a $54 million settlement involving Wolverine Worldwide and 3M Co. related to a class action lawsuit over PFAS chemicals that contaminated drinking water in western Michigan. The chemicals from a since-closed tannery were discovered five years ago.
Mammut Hires Chief Commercial Officer
Mammut Sports Group AG appointed Felix Muennich as chief commercial officer, effective November 1. Muennich is an 18-year veteran working in the sporting and consumer goods industry, most recently at Nike.
Arc’Teryx Hybrid Retail Store And ReBird Service Center Opens In Boulder
The Arc’teryx hybrid retail brand store and ReBird Service Center opened in Boulder, CO on Pearl Street on September 17. This is the second U.S. and third global ReBird Service Center for company. A hub for Arc’teryx’s ReBird program of upcycling, resale, care and repair, is the Service Center offers customers a suite of circular […]
JD Sports’ Ousted Chairman Returns As Consultant
JD Sports reached an agreement with its former longstanding Executive Chairman, Peter Cowgill, that has him return to the compay as a consultant.
Nike Appoints Board Members
Nike, Inc. announced that Mónica Gil and Bob Swan were elected to the company’s Board of Directors. Gil is chief administrative and marketing officer of NBCUniversal Telemundo Enterprises. Swan is an operating partner at Andreessen Horowitz and former CEO of Intel Corporation.
Report: High School Sports Participation Declines Over After Pandemic
In its first high school sports participation survey in three years, the National Federation of State High School Associations (NFHS) reported a total of 7,618,054 participants in high school sports for 2021/22, down four percent from its 2018/19 figure of 7,937,491. However, NFHS noted that participation is “on the road back” after schools could not offer programs in typical fashion during portions of the 2019/20 and 2020/21 school years in the U.S. due to the pandemic.
Outdoor Participation Grows To Record Levels
According to Outdoor Foundation’s 2022 Outdoor Participation Trends Report more than half (54 percent) of Americans ages six and over participated in at least one outdoor activity in 2021, and the outdoor recreation participant base grew 2.2 percent during 2021 to 164.2 million participants. However, this growing number of outdoor enthusiasts did not fundamentally alter long-term declines in high frequency or “core” outdoor participation.
KMD Brands Sees 6.2 Percent Growth In Fiscal Year
KMD Brands, Ltd. reported sales grew 6.2 percent in the year ended July 31. The gains were driven by continued growth in Rip Curl sales, Kathmandu’s highest sales in Q4 and record order demand for Oboz product.
REI To Open First Store In Nebraska
REI Co-op will open its first retail location in Gretna, NE, on September 23.
The North Face Makes Executive Appointments
The North Face hired Sophie Bambuck as chief marketing officer and Jennifer Ingraffea as chief product and merchandising officer.
Nordstrom Adopts ‘Poison Pill’ After Mexican Retailer Buys Stake
Nordstrom, Inc. adopted a shareholder rights plan, more commonly known as a “poison pill,” to prevent outsiders from boosting their stake in the business after a Mexican company acquired a 9.9 percent stake in the upscale U.S. retailer’s business.
Brunt Workwear Hires Industry Veterans
Brunt Workwear hired industry veterans from Patagonia, Harley Davidson, Mizzen+Main, Under Armour, and The RealReal to support its management team.
Puma Extends Partnership With Gen.G
Puma and global esports organization Gen.G announced a multiyear extension to the brands’ existing partnership.
Public Lands To Open Four New Stores
Public Lands, the outdoor specialty retail concept from Dick’s Sporting Goods, plans to open four new stores this fall.
Kohl’s Debt Ratings Downgraded
S&P Global Ratings downgraded the debt ratings of Kohl’s Corp. following the retailer’s update on its sales and earnings guidance for the full year. S&P said it expects Kohl’s medium to long-term business prospects will continue to be challenged by the secular headwinds facing department stores.
