Volumental, the fit technology company based in Stockholm, appointed current CMO and seasoned footwear industry veteran Brent Hollowell as general manager for its North American operations to accelerate growth in the region.
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EXEC: Active Lifestyle Vendors Weather Challenging Second Quarter
Columbia Sportswear, Wolverine Worldwide, VF Corp. and Hanesbrands were among vendors in the active lifestyle space downwardly adjusting their guidance for the year in reporting Q2 results in the face of an increasingly promotional marketplace. However, more vendors than not were able to surprise on the upside.
Columbia Sportswear Names Chief Product Officer, Columbia Brand
Columbia Sportswear Company hired Woody Blackford as senior vice president and chief product officer for the Columbia Brand. Blackford is returning to Columbia, where he previously worked for 14 years, culminating in the position of VP of global design and innovation.
Trove Secures $30 Million In Funding Round
Resale tech platform Trove reported it raised $30 million in a Series E funding round, bringing its total funding to over $150 million.
EXEC: China’s Slowed Recovery Bad Omen for Sports Industry’s Global Players
Hopes by several global players in the active lifestyle space that a strengthening recovery in China would offset weakness in North America this year were dimmed Monday after China’s second-quarter GDP growth arrived below expectations.
EXEC: Active Lifestyle Stocks Show Some Recovery In First Half
On Holding, Adidas, Deckers Outdoor, Amazon, Smith & Wesson and Skechers USA delivered share price gains of more than 30 percent in the first half of 2023 in an overall mixed performance for stocks in the active lifestyle space. Laggards included VF Corp., Hibbett, Under Armour and Foot Locker.
Exec: Active Lifestyle Stocks Face Turbulence In 2022
The majority of stocks in the active lifestyle space took it on the chin in 2022 as broader stock markets in the U.S. saw their worst performance since the 2008 financial crisis. Stocks managing gains included Academy Sports + Outdoors, Deckers Outdoor, Dick’s Sporting Goods, Xponential Fitness, and TJX Cos.
SGB 2022 Year In Review: Executive Shuffle
The new heads of Adidas, Asics, Caleres, Decathlon, DSW, Foot Locker, IFit, Peloton, Under Armour, Reebok, The North Face, and Vans were among the major C-suite moves that recast leadership across the active lifestyle industry in 2022. Below are the notable executive changes SGB reported on in 2022.
Progression Brands Group Named Exclusive U.S. Distributor Of ODLO Brand
ODLO, a performance apparel brand based in central Switzerland, named Colorado-based Progression Brands Group (PBG) as its exclusive distributor for the U.S. market. The 75-year-old company designs and sells its sustainably made, technical apparel for runners, skiers, cyclists, hikers, and outdoor enthusiasts in more than 40 countries worldwide. ODLO reported it “chose PBG for its […]
EXEC: Columbia Sportswear Aims To “Double Down” On Wholesale Growth
At Columbia Sportswear’s Investor Day, Tim Sheerin, SVP, global wholesale, Columbia said the outdoor brand plans to ”double down” on wholesale growth even as numerous other active lifestyle brands emphasize DTC initiatives. He said, “Retail partners make great connections to a broad consumer base.”
Active Lifestyle Stocks Lose Ground In First Six Months Of 2022
The majority of active lifestyle stocks underperformed the broader stock market in the first six months of 2022 after outperforming many indexes over the last two years. Only three—Academy Sports & Outdoors, Caleres and Emerald Holding—of the 76 stocks tracked by S.G.B. Executive showed gains.
Why Did Compass Diversified Acquire PrimaLoft?
On a conference call announcing its deal to acquire Primaloft, officials at Compass Diversified (CODI) said Primaloft’s sales had grown at a 16 percent CAGR (compound annual growth rate) since 2017 and forecasted robust growth would continue due to its sustainability appeal and potential as an alternative to down insulation.
Compass Diversified To Acquire PrimaLoft
Compass Diversified (CODI) has entered into a definitive agreement to acquire the equity of PrimaLoft Technologies Holdings, Inc., the parent company of PrimaLoft Inc., for an enterprise value of $530 million.
EXEC: Wells Fargo Turns Bearish On Apparel Sector On Growing Headwinds
Wells Fargo downgraded shares of VF Corp. as well as Ralph Lauren Corp and TJX Cos. to “equal weight” from “overweight” and reduced the price targets for many across its “softlines” universe due to heightening macro pressures and overly-optimistic 2022 outlooks.
Merrell Appoints Chief Merchant Officer
Merrell, which is part of Wolverine Worldwide, announced that Sumi Scott was hired as its chief merchant officer.
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