Duca Del Cosma Names Area Director In Southeast Asia
Amike Krakers, originally from the Netherlands, has lived in Asia for almost two decades and brings expertise to promoting lifestyle brands to the role that will see her support product distributors across the region.
Fromuth Racquet Sports Acquires Tennis-Point
Online retailer Tennis-Point, formerly owned by Signa Sports United, has been acquired by Fromuth Racquet Sport. In the short term, Tennis-Point will be operated as a separate business and keep its name and contact details.
EXEC: Nike’s Valuation Dips Again in Kantar’s 2024 Most Valuable Brands Study
Nike retained its No.1 brand position in apparel in Kantar Brand’s “Most Valuable Global Brands Report” for 2024 but its valuation fell for the second year in the row while big gains were marked by Zara, Lululemon, Adidas, Uniqlo, and H&M.
Retrospec Recalls Some Beaumont Plus ST Bikes
Retrospec is recalling about 530 Beaumont Plus ST bikes. The front disc brake rotor and brake pads could be misaligned, posing a crash hazard.
Numerator: Consumer Confidence Held Steady in May
Consumer confidence was about flat compared to April, with 41 percent of consumers very or somewhat comfortable spending money on discretionary purchases.
Report: Under Armour to Begin Move into New Headquarters in November
The space will also include a two-story, 30,000-square-foot Under Armour Brand House store and a two-story, 30,000-square-foot fitness performance center.
Momentec Brands Names Chairman, CFO and SVP of Product Development
Formed out of the merger of Augusta Sportswear Brands and Founder Sport Group, Momentec Brands appointed David Baxter as chairman, Mike Moore as chief financial officer, and Joel Bennink as SVP of product development. Most recently, Baxter was the president of Under Armour for the Americas Region. Bennink spent 13 years at Under Armour, where he led the growth and development across Team, Golf and Curry-branded apparel.
Delta Group President Resigns
Delta Apparel said in a regulatory filing that Matt Miller, president of Delta Group, the company’s largest segment, had submitted his resignation. Miller’s exit follows Delta’s announcement on May 31 that longtime Chairman and CEO Robert Humphreys will resign from his role with the company, effective June 29, at the request of Delta’s independent board directors.
Lululemon Financial’s SVP Appointed Figs’ CFO
The medical apparel brand hired Sarah Oughtred, Lululemon’s SVP, financial planning & analysis since 2021, as its chief financial officer.
Crunch Fitness Opens in Kansas
Fitness Ventures LLC, a growing Crunch franchise, operating in over 25 states, owns Crunch Fitness Shawnee, KS.
Planet Fitness Launches Accelerated Share Repurchase Program
Planet Fitness entered into a $280 million accelerated Share Repurchase Agreement with Citibank, N.A.. The company will acquire shares under the Agreement as part of its $500 million share repurchase authorization previously announced.
Super Retail Names New Chair to Replace Sally Pitkin
Super Retail Group, which owns Rebel, Supercheap Auto, BCF and Macpac in Australia, appointed Fonterra executive Judith Swales as its new Board chair replacing Sally Pitkin, who will retire from the Board after the company’s October annual general meeting.
TaylorMade Opens Golf Ball Manufacturing Facility in Korea
TaylorMade Golf opened an expanded golf ball plant facility at TaylorMade Golf Ball Korea, becoming the brand’s third global golf ball plant. The site joins TaylorMade’s facilities in Liberty, SC and Taiwan.
EXEC: Academy Sports Talks Push for Better Footwear Allocations
Steve Lawrence, CEO at Academy Sports, elaborated on the retailer’s efforts to improve access to better product from its footwear vendor partners and secure new brands, including Hoka and On.
Pura Vida’s Q1 Revenues Tumble 37 Percent
according to Vera Bradley, Inc., Pura Vida’s parentm revenues totaled $12.7 million, a 37.0 percent decrease from $20.1 million in the prior year first quarter, primarily due to declines in e-commerce and wholesale sales,.
