EXEC: Puma Opens New Creative Hub at Global Headquarters in Germany
Studio48 is a new creative hub at its headquarters in Herzogenaurach, Germany where Puma’s designers and creatives can come together to freely develop new ideas and create concepts for new performance and Sportstyle products as well as campaigns.
Pallap Padel Enters North American Market with New Distributor
Philip Mintz, president and owner of Pallap Sport USA and the North American distributor of Pallap Padel products, is a Head and Dunlop Racquet Sports veteran with over 30 years of experience leading global racket brands.
OrthoLite China Named to Guangdong’s Top 500 Manufacturing Enterprises for 2024
The Guangdong Provincial Enterprise Confederation and Provincial Entrepreneurs Association in the Guangdong province of China release the Top 500 list.
United Wheels Appoints New VP of Brand and DTC Marketing
Chris King takes the helm as the company’s VP of brand and DTC marketing. With over 25 years of experience, King will drive brand awareness and consumer engagement across UW’s portfolio.
Under Armour Celebrates Flagship Brand House Opening at New Baltimore HQ
Under Armour hosted a community event this past weekend to mark the official grand opening of its UA Flagship Brand House at Baltimore Peninsula.
Under Armour Extends U.S. Naval Academy Partnership
Naval Academy Athletic Association and Under Armour have extended their partnership in a multiyear agreement. Under Armour has been the official outfitter of Navy’s varsity intercollegiate athletic programs since 2014.
Nike Extends NFL Deal Through 2038, Brazil Soccer for 12 Years; Adds Uruguay Soccer
After a number of key leadership appointments and a refreshed retail engagement process have garnered praise, the company is ensuring its position atop the platform for the near future by securing the Brazil National Football Confederation for an additional 12 years and extending and expanded the current NFL deal through 2038.
EXEC: Macy’s Completes Investigation into Accounting Issues; Lowers Q3 EPS Guidance
The retailer is now reporting it is revising its EPS guidance downward, an announcement that sent M shares tumbling nearly 10 percent in pre-market trading on Wednesday, December 11.
EXEC: Adidas HQ Raided Amid On-Going Tax Probe
Adidas has reassured stakeholders that it has compiled and has been cooperating with authorities over an extended period, furnishing them with the documentation and pertinent information required to the tax investigation.
Shot Scope Names Lord Mervyn Davies Chairman of the Board
Lord Davies of Abersoch, Wales, was formerly chief executive and chairman of Standard Chartered and was awarded a CBE in 2002 for his services to the financial sector. He is currently the chairman of the Lawn Tennis Association, LetterOne and sits on the World Rugby Executive Committee.
Inov8 Founder is Back as CEO; Price Returns as Director
Wayne Edy, founder of Inov8, will again lead the company as CEO. Michael Price returns to the company as product and marketing director, having worked at Inov8 from 2016 to 2022.
EXEC: Academy Execs Talk Q3 Results, Q4 Hopes and 2025 Initiatives, Including Big Nike Boost
The plan to expand the Nike busineess, along with a number of other key brand initiatives, is to launch in April with full assortments of men’s, women’s, and kids’ across footwear, apparel, and accessories along with a strong statement of sporting goods.
Jetset Pilates Expands Into Mid-Atlantic DC-MD-VA Market
The company will open its first studio in the Navy Yard in Washington, D.C., early spring 2025, with plans to open eight to 10 studios across the District of Columbia, Maryland and Virginia region.
Academy Sports and Outdoors Narrows Full Year Outlook as Fiscal Q3 Comes Up Short
The retailer arrowed its fiscal 2024 guidance to net sales of $5.895 billion to $5.940 billion from previous guidance of $6.075 billion on the high side and missing Wall Street’s third quarter sales estimates.
CNBC/NRF: Retail Monitor Reinforces Online Shopping Strength in November
In today’s CNBC/NRF Retail Monitor report, the retail sales bounce back in October continued a moderate trend into November even as two of the holiday season’s busiest shopping days rolled over into December.
