Under Armour Appoints David Bergman CFO
Under Armour, Inc. announced that David Bergman has been named chief financial officer (CFO). Bergman has served as acting CFO since February 2017.
Deckers To Add At Least Two New Qualified Independent Directors To Board
Deckers noted that its Board of Directors has retained a leading national director search firm and is actively engaged in a search process to identify at least two new qualified independent directors.
Columbia Sportswear Announces New Management Appointments
Columbia Sportswear announced new management appointments within its finance, legal and manufacturing areas.
Under Armour Announces Strategic Changes In Its Digital Business
Michael La Guardia. formerly at Yahoo Sports, joins Under Armour as SVP, Digital Product; MyFitnessPal’s Co-Founders are exiting; and connected fitness digital product, digital engineering and digital media will now all report to Paul Fipps, chief technology officer.
New Nike Flagship Headed To New York City
The current Niketown New York store at 6 East 57th Street will close in Spring 2018.
Nike To Re-Up With Oregon
Oregon athletics is about to get a big, new deal with Nike, according to a report from the Oregonian.
Marcato Reduces Its Nominees To Deckers Board To Three From Nine
Marcato Capital Management LP, said it is sending a letter to Deckers’ stockholders announcing that it has modified its slate of highly-qualified director nominees for election at the Company’s 2017 Annual Meeting of Stockholders to include Kirsten J. Feldman, Steve Fuller, and Anne Waterman.
Columbia Flagship Closes Temporarily Amid Protests
Columbia Sportswear’s store in downtown Portland closed on Saturday after it faced organized demonstrations. The protests came after CEO Tim Boyle said his company was exploring closing its nearby downtown office because of safety concerns.
OIA Strongly Opposes Expected Move To Shrink Bears Ears
Amy Roberts, executive director of the Outdoor Industry Association (OIA) in an open letter said the organization opposes the Trump administration’s expected move to “severely” reduce the overall size of Bears Ears National Monument in Utah and urged its members to “continue to make our voices heard.”
Independent Proxy Advisory Firms Recommend Deckers Stockholders Vote Deckers’ Board Candidates
Deckers Brands announced that leading proxy advisory firms Glass Lewis & Co. and Institutional Shareholder Services recommend that Deckers stockholders vote on the WHITE proxy card for Deckers’ director nominees at the 2017 Annual Meeting of Stockholders to be held on December 14, 2017.
Sheikh Shoes Betting On Nike For Turnaround
Sheikh Shoes ultimately blamed its trip to bankruptcy court on its inability to secure shipments from Nike, by far its largest supplier that holds an unsecured creditor’s claim of $16 million in the case. But it’s also counting on Nike to revive its fortunes.
Genesco Sees NFL’s Challenges Challenging Lids
Bob Dennis, Genesco’s CEO, said “the well-publicized challenges facing the NFL have meaningfully dampened demand for NFL licensed merchandise during the heart of football season” to impact Lids’ sales during the third quarter. Also impacting lids has been a less-favorable MLB playoff lineup, a disappointing performance this year by some key college teams, and a lack of a strong headwear trend.
Aisle Talk, Week Of November 27
Top headlines from the active lifestyle industry you may have missed this week.
Billabong Explores Quiksilver Merger
Shares of Billabong climbed 23 percent after the company disclosed that Boardriders Inc., formerly known as Quiksilver Inc., had made an offer to acquire the company. Billabong indicated that its board will evaluate the proposal.
Zumiez Delivers 5th Straight Quarter Of Comp Gains
Feeling its locked in on the young omnichannel shopper, Zumiez Inc. reported third-quarter earnings that hit the high-end of its guidance and offered an optimistic outlook for the fourth quarter.
