EXEC: Puma SE Shares Fall Over 20 Percent on Analyst and Investor Concerns
EXEC: Puma Comes Up Short on 2024 Bottom Line; Sets Cost-Cutting Program
EXEC: Adidas Preliminary 2024 Report Reveals Double-Digit Growth to €23.7B
EXEC: Authentic Taps Sports Casuals as Reebok Golf Apparel Partner
Target Maintains 2024 EPS Guide, Posts 2 Percent Holiday Comp, Shifts Leadership Team
SGB Update
Golftec Promotes Chris Koske to Chief Marketing Officer
Chris Koske is a 20-year veteran of the golf and sports industries. As CMO (CMO), Koske will oversee brand strategy and marketing for Golftec enterprises, including its flagship Golftec brand and the Skytrak brand.
Bass Pro Shops To Open Outdoor Superstore in Mississippi
The new 75,000-square-foot outdoor superstore is scheduled to open in 2027 along the I-10 corridor in Biloxi, MS. This will be the first Outdoor Superstore for Bass Pro Shops in southern Mississippi.
United Sports Brands Appoints SVP of Marketing
Kyle Schlegel has over 25 years of executive and management experience. Most recently, he served as the VP of Marketing and DTC at Weber, LLC. He has also held senior marketing positions at Wilson Sporting Goods, Hillerich & Bradsby (Louisville Slugger) and Procter & Gamble.
Beyond Yoga Parent Appoints Sephora CEO to Board of Directors
The parent to the Beyond Yoga active lifestyle brand also appointed Artemis Patrick to serve as a member of the board’s Audit and Nominating, Governance and Corporate Citizenship Committees, effective March 1.
Jogology Adds Indie Sales Rep for Northeast
Cole Crosby joins the company as an independent rep with a decade of experience working with brands and retailers in the run specialty channel. His territory for Jogology includes Massachusetts, Maine, Rhode Island, Connecticut, Vermont, New Hampshire, and New York.
SGB Executive
EXEC: Puma SE Shares Fall Over 20 Percent on Analyst and Investor Concerns
Puma SE shares opened 16 percent lower in Europe on Thursday morning, January 23, after the company’s pre-announcement of 2024 fourth quarter and full-year results caused a stir overnight.
EXEC: ISPO Group Shuffles Show Leadership After Tobias Gröber Sets Departure
The ISPO Group expects limited disruption as Exhibition Director Lena Haushofer and her team assume Gröber’s responsibilities, with Christoph Rapp, head of Sales and Marketing, and Saskia Rettenbacher, head of Event Management.
EXEC: Puma Comes Up Short on 2024 Bottom Line; Sets Cost-Cutting Program
For the foruth quarter, Puma reported that preliminary sales increased 15.5 percent on a reported basis to €2.29 billion. The company saw sales growth of 9.8 percent on a currency-adjusted (ca) basis for the quarter.
EXEC: Adidas Preliminary 2024 Report Reveals Double-Digit Growth to €23.7B
In euro terms, the company’s revenues grew 24 percent to €5.97 billion in the fourth quarter, or 19 percent in currency-neutral terms versus Q4 2023. Excluding Yeezy for both years, currency-neutral revenues increased 13 percent.
EXEC: Authentic Taps Sports Casuals as Reebok Golf Apparel Partner
With SCI as Reebok’s apparel partner, the brand now has a head-to-toe softgoods offering, with Reebok Design Group, the brand’s global hub for design, development and innovation, handling the creation and distribution of golf footwear.
