Company President Jason LaRose, a former Under Armour executive, to CEO. Bombas Co-Founder David Heath becomes executive chair. LaRose is responsible for expanding Bombas beyond direct-to-consumer, with only 7 percent of revenues currently coming from wholesale.
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EXEC: Mips AB Saw U.S. Tariff Changes Put a Damper on Q2 Growth
The Sweden-based maker of helmet protection technologies reported net sales increased just 1 percent to SEK 135 million in the 2025 second quarter, due to currency fluctuations. Organic sales growth was 12 percent, far below the 42 percent organic growth posted in the first quarter.
Yamaha Marine’s Torqeedo Appoints Director of Sales
Mary Jo Reinhart will lead OEM and retail sales across North America for Torqueedo, overseeing key distributor relationships and core business operations for its low-voltage product line. Reinhart began her career at the company in 2011 as a customer service rep.
Kohl’s Appoints JD Sports Exec as Chief Digital Officer
Arianne Parisi, most recently chief digital officer for JD Sports Fashion Plc, has been named the retailer’s chief digital officer. Starting on July 28, Parisi will join the company’s executive leadership team and report directly to Interim CEO Michael Bender.
EXEC: Coats Group to Acquire OrthoLite in Move to Reshape Footwear Components Market
The London-based thread manufacturer reached a definitive agreement to acquire U.S.-based footwear insole maker OrthoLite for $770 million, including debt. The acquisition is reportedly designed to accelerate the London-based thread manufacturer’s ambition to become a leading supplier of materials to the footwear industry.
Ireland’s Gym+Coffee Appoint Former Nike Exec as CEO
Niall Horgan, Diarmuid McSweeney and Karl Swaine founded the Dublin-based brand in 2017 and operate seven stores in Ireland. Jason Crawford, formerly of Nike and Adidas, will take on the role as CEO as the founders step away from the Ireland-based athleisure brand’s day-to-day operations.
Adidas Extends Contract with University of Nevada
The University of Nevada announced a new five-year agreement with Adidas, continuing its partnership that began in 2020. Adidas will remain the exclusive provider of footwear, apparel and accessories for Wolf Pack Athletics.
Cotopaxi Continues Senior Team Shuffle as Julie Menard Named VP of Sales
Menard was previously at Teva, a Deckers Brands brand, for over 14 years. Previously, she held sales roles at Earth Footwear and Rockport, following her start as a men’s shoe buyer at Nordstrom.
EXEC: Thule Group CEO Talks Q2 Upside, 2025 Opportunities and U.S. Gains After Weak Q1
Thule Group President and CEO Mattias Ankarberg said the company’s 16 percent currency-neutral growth in the second quarter was driven by new products and categories, providing clear confirmation to him that the company’s high launch pace during the year has paid off.
EXEC: Fila Brand Delivers MSD China Retail Growth in Q2 for Anta Sports
Retail sales, in retail value, for the Fila brand in China increased in mid-single digits year-over-year in the second quarter, a moderation from the high-single-digit trend in the first quarter.
Pendleton Woolen Mills Appoints New CEO
Jennifer Ingraffea has most recently served as chief product and merchandising officer at The North Face since October 2020. Previously, she had an 18-year career at Nike. She succeeds John Bishop, a fifth-generation family member, who will remain as CEO through July to work with Ingraffea.
Scarpa Signs Parallel 45 Sales Group for Midwest Representation
Effective July 1, P45 Sales Group represents Scarpa in Iowa, Illinois, Kansas, Minnesota, Missouri, Nebraska, North Dakota, South Dakota, and Wisconsin. Effective January 2026, the agency will also represent the brand in Indiana, Michigan and Ohio.
Varsity Brands’ Debt Ratings Upgraded by S&P
S&P Global Ratings stated the debt ratings upgrade for Varsity Brands, the parent of BSN Sports and Varsity Spirit, reflects “solid demand in both segments, management’s effective execution in expanding the businesses, and the wind-down of significant legal and restructuring cash expenses.”
CNBC/NRF Report Sees June Retail Sales Trends Moderate; Sporting Goods Sector Accelerates
Growth in the Clothing, Footwear and Accessories store sector decelerated from the prior-month trend. The category that includes Sporting Goods stores was up 8.5 percent y/y unadjusted in June after an 8.2 percent y/y gain in May.
ITC Rules Insta360 Infringed on GoPro Patents
GoPro, Inc. said a U.S. judge with the International Trade Commission has ruled that Insta360, a Chinese-based maker of action cameras, broke federal law with products that infringe GoPro’s intellectual property covering GoPro’s iconic Hero camera design.
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