Lew Sherr is stepping down as CEO, effective June 30, to pursue a new professional opportunity outside of the tennis industry. USTA Board Chairman Brian Vahaly and Chief Operating Officer and Chief Legal Officer Andrea Hirsch will serve as interim Co-CEOs while the organization searches for its next leader.
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New Balance Expands BC Partnership to Include Football
Beginning with the upcoming 2025 season, New Balance will produce all BC Football apparel and footwear and introduce its first American football cleats. further expanding its apparel deal with Boston College.
Citi Trends Raises Outlook as Q1 Comps Jump Nearly Double-Digits
The urban off-price chain raised its guidance for the year after reporting improved earnings on a 9.9 percent same-store gain in the first quarter.
EXEC: Shoe Station Doors to Dominate Shoe Carnival, Inc. Portfolio by 2027
In announcing plans to accelerate the rollout of Shoe Station, Mark Worden, Shoe Carnival’s president and CEO, told analysts that the Shoe Carnival locations, which the retailer has converted to premium Shoe Station concept, are seeing double-digit sales growth and accretive margins across affluent and rural markets.
Nike, Inc. Names Chief Communications Officer and Member of Senior Leadership Team
Effective July 7, 2025, Michael Gonda joins Nike from McDonald’s Corporation, where he held several senior leadership roles, including chief impact officer for North America and global chief communications officer.
NRF: Father’s Day Spending To Hit Record $24 Billion this Year
U.S. consumers are poised to spend a record $24 billion on Father’s Day this year, according to an annual survey from the National Retail Federation. Over three-quarters of consumers (76 percent) plan to celebrate the occasion, spending an average of $199.38 per person, up from $189.81 in 2024.
Dr. Martens Appoints Adidas Outdoor Exec as Chief Brand Officer
Carla Murphy was most recently global senior vice president and general manager for Adidas Outdoor and previously global chief brand & product officer for Icebreaker.
Topgolf Callaway Completes Sale of Jack Wolfskin to Anta Sports
Topgolf Callaway Brands Corp. completed the sale of Jack Wolfskin to Anta Sports, the largest shareholder of Arc’teryx, Wilson and Salomon parent Amer Sports, for $290 million. Callaway acquired Jack Wolfskin in 2019 for $476 million.
VF Appoints New Chief Accounting Officer
Michael Phillips succeeds Bryan McNeill, who is retiring after 30 years with the company. Phillips has served as the VP Enterprise Financial Reporting controller of the company since September 2022.
SIA Partners with European Outdoor Group to Provide Enhanced Member Tools
United by a shared commitment to thriving and sustainable industries, SIA and EOG are embarking on a new era of collaboration that transcends borders and aims to elevate both industries.
S&S Activewear Division Expands Warehousing to Scale Gaffney, SC Ops
The 100,000-square-foot expansion will allow Prime Line to scale its operations significantly, create new jobs in the region and enhance service to its distributor partners.
Ski-Doo Parent BRP, Inc. Comes Up Short in Q1 Despite Late Season Snow
The company’s North American retail sales were flat year-over-year for the first quarter. Seasonal Products retail sales were up, reportedly driven by strong end-of-season retail in Snowmobile following late snowfall.
EXEC: Golden Goose Posts DD First Quarter Growth on DTC Expansion
The Milan-based premium fashion sneaker said Direct-to-Consumer (DTC) net revenue was up 19 percent year-over-year (y/y), accounting for 76 percent of net revenues.
Foot Locker Starts to Move On, Cancels Q1 Analyst Call
Total comparable sales decreased 2.6 percent year-over-year with comparable sales in the North American region decreasing by 0.5 percent and Europe comps falling 10.2 percent in the first quarter.
Vail Resorts CEO Steps Down; Board Chair Rob Katz to Assume CEO Role
Company CEO Kirsten Lynch has stepped down from her leadership role and Board director. Current Executive Chair and former CEO Rob Katz is returning as company CEO. Katz will continue to serve as the chairperson of the Board.
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