Scott Sports Appoints Co-CEOs and Expands Executive Leadership Team
The company hired Juwon Kim and Pascal Ducrot to new roles as co-CEOs of Scott Sports and added them as members of its executive leadership team
Brunswick Corp. Makes Key Leadership Changes as Navico Group President Departs
Aine Denari, Brenna Preisser, and Will Sangster will reportedly assume their new roles as presidents of their respective divisions immediately. Brett Dibkey, who preceded Denari as president, Navico Group will leave the company at the end of the August after assisting with the transition.
EXEC: GoPro Inc. Cutting 15 Percent of Workforce in Cost-Cutting Effort
The Restructuring Plan would reduce its full-time employees by 15 percent from 925 full-time workers at the end of Q2. Cuts would begin in Q3 2024 and be “substantially completed” by the end of 2024. The layoffs would affect 139 positions.
Iron Valley Supply Promotes Jacob Ring to Director of Product Management
Previously, as a key member of the company’s purchasing department, Ring managed over 5,000 products across 50 product lines, demonstrating exceptional organizational skills and strategic insight.
Amer Sports Raises FY Guide as Wilson Returns to Growth, Salomon and Arc’teryx Grow DD
The parent company of the Arc’teryx, Salomon, and Wilson Sports businesses, among others, raised its full-year sales and earnings guidance based on its strong Q2 results. The Wilson brand returned to growth, Salomon footwear posted DD growth and Arc’teryx continued its 30 percent-plus growth.
EXEC: Rip Curl and Oboz Parent KMD Brands Saw Improved Fiscal Q4 Trends
Despite a double-digit sales decline for the year, the company highlighted the improvement in the business throughout the year after first-half sales fell 14.5 percent and Q3 sales declined 11.1 percent, but Q4 saw a significant moderation in the declines to slide 5.0 percent for the May through July period.
EXEC: A Look Ahead at Amer’s Q2 Results as Weak China Retail Worries Market
Amer Sports, Inc. will report Q2 results tomorrow morning. Investors hope the slowdown in China did not have an outsized impact on the company’s performance in the period, particularly the Arc’teryx brand, which relies heavily on the Greater China market for its revenue.
EXEC: Lazydays Holdings Gets Creative to Weather the RV Downturn
Despite the creative work of managing inventory, generating sales, and cutting expenses, the company continued to see revenues fall 22.6 percent in Q2, with the bottom line falling into the red as RV traffic stalled this year.
Club Ride Apparel Adds Sales Management Chief, New Agencies
Most recently, Terry Duran worked for Kona Bicycle Company after a six-year stint at Norco Bikes as U.S. sales manager and three years as national sales manager at Wilier Triestina. He has also worked with Scott Sports and Cannondale.
PeopleForBikes Appoints Two Members to Senior Leadership Team
The bicycle industry’s trade association promoted Dr. Ash Lovell and Martina Haggerty to senior leadership positions within the organization’s government relations and infrastructure teams.
Guess?, Inc. Announces CFO Transition
Dennis Secor has been appointed interim chief financial officer of Guess?, effective August 26, 2024. He succeeds Markus Neubrand, who is stepping down to pursue another opportunity
Adidas America Faces OSHA Penalties for Ongoing Hazards at New York DC
Adidas America, Inc. has 15 business days from the receipt of the citations and penalties to comply, request an informal conference with OSHA’s area director or contest the findings before the independent Occupational Safety and Health Review Commission.
Boater’s World Marine Centers President to Depart
Stewart Thompson will be stepping down to spend more time with his family. The company said he will continue to be active in the boating industry.
Do U.S Office Workers Really Have a Strong Preference to Work in the Office?
Approximately three-quarters of respondents (73 percent) said they would not consider going into the office if their commute was longer than 45 minutes roundtrip, but many opinions differed based on career position.
Circana: July Retail Sales Reveal a Summer Vacation From Discretionary Spending
Circana said products are prioritized based on need, and financial concerns and competitive product offerings across all channels test brand loyalty.
