Wolverine World Wide, Inc. saw double-digit gains at Merrell in the third quarter, but overall consolidated sales and profitability came in below plan due to supply chain and promotional pressures. Wall Street punished the company in response to its reduced guidance for the year, as WWW shares plummeted more than 34 percent for the day.
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Beachbody’s Q3 Exceeds Guidance
The Beachbody Company, Inc. saw sales decline 20 percent in the third quarter that ended September 30, but the subscription health and wellness company delivered third-quarter revenue and adjusted EBITDA results ahead of guidance.
EXEC: Adidas’ Outgoing CEO Defends His Record At Adidas
On his last quarterly conference call as CEO of Adidas, Kasper Rorsted touted his achievements at Adidas and largely attributed the company’s recent shortfalls to the pandemic.
Delta Apparel Adds VP Of Finance
Delta Apparel, Inc., parent company to Delta Apparel, Salt Life and others, tapped Jason Bates as VP of finance for its Delta Group business segment.
Adidas Slashes FY Outlook After Kanye West Split
Adidas further slashed its 2022 outlook as it weighed the impact of its split from Ye, the rapper formerly known as Kanye West, while sluggish demand in China continued to impact sales.
Allbirds Sees 16 Percent Growth In Q3
Allbirds Inc. maintained its outlook for the year as sales and losses in the third quarter ended September 30 came in ahead of Wall Street’s targets.
PXG Opens Store In Indiana
PXG opened its first retail store in Indianapolis, IN.
Houdini Sportswear Opens Store In Kungsgatan, Sweden
Houdini Sportswear opened a store in Kungsgatan, Sweden. Electrolux, a long-time partner, installed a laundry service in the space to showcase its garment care. The space also has a kitchen for consumers to connect.
Kohl’s CEO Steps Down To Take President Role At Levi Strauss
Michelle Gass, CEO of Kohl’s, is stepping down early next month to become the president of Levi Strauss & Co. Levi’s said Gass would start work and join its Board on January 2. The Board began a succession plan for her to succeed Chip Bergh as president and CEO in the next 18 months.
Nautilus Drops Schwinn 190 and 290 Bikes For The Holidays
Timed for the holidays, Nautilus introduced the Schwinn 190 Upright and Schwinn 290 Recumbent bike. Both bikes are connectable to its JRNY digital fitness platform, featuring terrain control technology, new design elements and functionality for all fitness levels. “We know it’s a challenging economy, and our research tells us that consumers are sticking with home […]
Nautilus Drops Schwinn 190 and 290 Bikes For The Holidays
Timed for the holidays, Nautilus introduced the Schwinn 190 Upright and Schwinn 290 Recumbent bike. Both bikes are connectable to its JRNY digital fitness platform, featuring terrain control technology, new design elements and functionality for all fitness levels. “We know it’s a challenging economy, and our research tells us that consumers are sticking with home […]
Canada Goose Adds Chief HR Officer
Canada Goose hired Jess Johannson as chief human resources officer, overseeing its global teams within HR, including talent acquisition, employee experience, training, and global policy.
Planet Fitness Raises Guidance Slightly On Strong Third Quarter
Planet Fitness Inc. slightly raised its outlook for earnings and sales for the year as system-wide same-store sales in the third quarter ended September 30 increased 8.2 percent.
Peloton And Echelon Settle All Pending Litigation
Peloton Interactive, Inc. and Echelon settled all pending litigation between the businesses. As a result, Echelon agreed it would cease using Peloton’s patented leaderboard technology in its on-demand classes.
Sun & Ski Sports To Open 32nd Store
Sun & Ski Sports will open its 32nd store in Phoenix/Paradise Valley, AZ, on November 11, in the former space occupied by Staples located off Tatum Blvd.
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