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Nike Names Ann Hebert VP, GM Of North America Geography

Nike Inc. announced senior leadership changes to continue accelerating growth in its flagship market. Effective June 1, Nike veteran Ann Hebert, vice president of global sales, will become vice president, general manager of North America Geography, succeeding long-time executive Tom Peddie who is retiring from Nike.

Amer Sports’ Debt Ratings Downgraded

Moody’s assumes Amer Sports’ revenue in 2020 will decline over 20 percent year-on-year due to the worldwide spread of the coronavirus outbreak, particularly across Europe and North America. The ratings agency cited Amer’s products are “highly discretionary” and current restrictions on many traveling and sports activities.

Lululemon To Close All North American, European Stores

Lululemon on Sunday provided an update on its global store operations in response to the continued spread of the coronavirus. The company said it will close all stores in North America and Europe from Monday, March 16, through Friday, March 27.