EXEC: Adidas Ups Full-Year Guidance on Improved Preliminary Q3 Results
Adidas now expects full-year 2023 currency-neutral revenues to decline at a low-single-digit rate in 2023 compared to its previous forecast of a mid-single-digit decline. An operating loss of around €100 million is now forecast, compared to its previous estimates for a loss of €450 million for the year.
Shaun White Adds Women’s Line to Whitespace Brand
Global snowboard icon adds a women’s base layer, puffer jacket and riding kit to Whitespace brand distributed through Backcountry.
CrankTank Hires Managing Director for Europe, Opens Innsbruck Office
The digital marketing and e-commerce strategy agency hired German-born marketer Susanne Pfrengle as managing director of CrankTank Europe and opened a new office in Innsbruck, Austria to service its European business.
Thor Industries Board Member to Retire
Thor Industries, Inc. announced that Wilson Jones, a member of its Board of Directors, is retiring effective December 15, following nine years of service.
EXEC: Sports Direct Parent Acquires Top Germany Sports Retailer
Frasers Group plc, the parent company of UK-based sports retailer Sports Direct, entered into a binding agreement with Signa Retail Department Store Holding GmbH to acquire SportScheck, one of the top sports retailers in Germany.
Dalbello Appoints Global Brand Business Director
The Italian ski boot brand has confirmed that Giuseppe Bianchini was appointed as global brand business director this past summer and is now responsible for the brand’s “strategic direction in an international context.”
Krimson Klover Hires Pacific Northwest Sales Rep
Krimson Klover hired Katie Borgen as a sales rep covering the Pacific Northwest, which includes Oregon, Idaho, Washington, and Alaska. Borgen has a decade of experience working in the outdoor space.
Academy Sports to Open in Jefferson City
Academy Sports + Outdoors opened a store in Jefferson City, its eleventh location in Missouri, at 739 Stoneridge Parkway.
VF Appoints VP Supply Chain Operations, EMEA
VF Corp. named An Claes as VP of supply chain operations, EMEA. She replaces Stuart Pond, who is now VP of global supply chain platforms.
Signa Sports’ Largest Shareholder Terminates Equity Commitment Letter
Signa Sports United N.V., which in early October announced plans to delist its shares from the NYSE, said it had received a termination notice concerning the unconditional Equity Commitment Letter from Signa Holding GmbH, an affiliate of the company’s largest shareholder Signa International Sports Holding GmbH.
EXEC: Vista Outdoor Cuts Fiscal Year Outlook After Q2 Weakness
Along with the sale of its Sporting Products business to Czechoslovak Group. (CSG), Vista Outdoor announced that it was slashing its full-year guidance, largely due to weakness at its Outdoor Products segment.
SFIA Launches Super Regionals Series
The Sports & Fitness Industry Association is launching a Super Regional Series in November, offering members, partners and industry leaders the opportunity to come together to discuss business insights and topics driving today’s sporting goods and fitness environment.
EXEC: Vista Outdoor to Sell Ammo Business to Czechoslovak Group
Vista Outdoor announced that it planned to sell its Sporting Products business to Czechoslovak Group. (CSG) for $1.91 billion, shifting from a planned spinoff of its Outdoor Products segment. Gary McArthur, interim CEO, said, “We believe this creates meaningful value for stockholders, and sets up both Sporting Products and Outdoor Products for long-term success.”
Grand Design and Camping World Partner on Store
Grand Design RV, a wholly-owned subsidiary of Winnebago Industries, and Camping World announced the opening of an exclusive Grand Design brand store in Green Bay, WI.
Osprey Packs Highlights 2024 Tech Line
Osprey marks its golden anniversary in 2024 with new products across its technical pack line with 12 core technical product families carrying certified bluesign product designations by spring 2024.
