Adidas Makes It Official With Gulden’s CEO Appointment
Adidas AG reported that Bjørn Gulden, Puma’s CEO, will be appointed as a member of the executive board and CEO of Adidas AG, effective January 1, 2023.
Inov-8 Opens First Showroom In Europe
UK-based Inov-8 opened its first showroom in Annecy, France. “The showroom will be a basecamp for all customers, media contacts, friends, and family living within the heart of the French Alps,” said Manu Fedon, Inov-8 sales manager for France.
Fanatics Hires Director, Business Development, Australasia
Fanatics hired Tyler Emsden as director of business development across Australia and New Zealand, responsible for growing the business and building partnerships with sports teams, leagues and organizations.
Adidas Debt Ratings Outlook Revised To Negative
S&P Global Ratings reduced its debt ratings outlook to negative from stable due to the company’s recent operating performance deterioration and increased leverage.
Wolverine Worldwide Appoints Lead Independent Director
Wolverine World Wide, Inc. hired Nicholas Long as the lead independent director of its Board of Directors.
Nike Suspends Relationship With Kyrie Irving
Nike suspended its ties with Brooklyn Nets star Kyrie Irving and canceled his line of shoes following his promotion on social media of an anti-semitic documentary.
Recall: Myx Connected Exercise Bicycles
About 162,000 YX I, MYX II and MYX II Plus Connected Exercise Bicycles are being recalled.
Topgolf Announces Plans For First Location In Massachusetts
Topgolf announced plans to open its first permanent location in Canton, MA in late 2023.
Adidas Eyes Puma’s Outgoing CEO Bjorn Gulden As New CEO
Adidas AG confirmed Friday that it is in talks with Puma Chief Executive Bjorn Gulden as a potential CEO successor. Earlier Friday, Puma said Gulden would leave at the end of the year and appointed Arne Freundt as its new CEO, effective January 1, 2023.
NRF Sees Holiday Sales Growing As Much As 8 Percent
The National Retail Federation (NRF) expects holiday sales growth over November and December will expand in the range of 6 percent to 8 percent to between $942.6 billion and $960.4 billion. Last year’s holiday sales grew 13.5 percent over 2020.
GoPro’s Q3 Revenues Slip, Subcriptions Jump
GoPro, Inc. reported lower profitability on a modest decline in sales in the third quarter ended September 30 but saw a strong uptick in subscriber count.
True Spec To Open Location In San Diego
True Spec Golf has partnered with Fairmont Grand Del Mar to open a location in San Diego.
Compass Diversified Sees Q3 Adjusted Earnings, Pro Forma Sales Up 15 Percent
Compass Diversified, the parent company to a number of active lifestyle brands, including BOA, 5.11, Primaloft and Velocity Outdoor, among others, posted $597.6 million in net sales in the third quarter, up 22 percent compared to $488.2 million in the third quarter of 2021.
Fox Factory Q3 Sales And Earnings Up Double-Digits
Fox Factory Holding Corp. reported sales for the third quarter increased 17.8 percent to $409.2 million, compared to $347.4 million in the comparable period last fiscal year.
Peloton Posts Wider Fiscal Q1 Net Loss As Revenues Shrink 23 Percent
Peloton Interactive Inc. reported total fiscal first quarter revenue fell 23 percent to $616.5 million for the period ended September 30. Revenues were comprised of $204.2 million of Connected Fitness segment revenue, reflecting a 59 percent year-over-year decrease, and $412.3 million of Subscription revenue, a 36 percent year-over-year increase.
