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MEC CEO David Labistour To Step Down
After 11 years heading the organization, CEO David Labistour will be leaving his role at MEC ((Mountain Equipment Co-op) in June 2019, handing over to a new CEO who will continue the co-op’s journey to get people off the couch and active outside.
Sequential Brands Posts Loss On Impairment Charges
Sequential Brands Group Inc. reported a loss in the third quarter after absorbing an impairment charges related to the trademarks of two of the company’s non-core brands as well as expenses related to a strategic shift to a direct-to-retail license with Walmart for the Avia brand.
ISPO Munich Adding Two More Halls For 2019 Show
ISPO Munich will be boasting an extra two halls in ISPO Munich 2019. In January 2018, over 2,800 exhibitors showcased their products at the leading international trade fair spread across 16 halls.
Adidas Q3 Profits Leap, Sales Impacted By Softness In Europe
Adidas hiked its 2018 profit guidance, citing a strong earnings performance in the third quarter, but trimmed its revenue target due to weaker-than-expected growth in Western Europe. Revenues at the Adidas brand increased 10 percent in the quarter, driven by double-digit growth in Sport Inspired as well as high-single-digit growth in Sport Performance. Revenues at Reebok decreased 5 percent.
Brooks Running Strengthens Position In Europe
Brooks Running recently organized its European business into three commercial territories (North, Central and South), each with its own business leader to better capitalize on growth. Brooks also recently appointed a new EMEA Sales Director and EMEA Marketing Director.
Nike Names New Leaders For Asia Pacific And Latin America And Global Sales
Nike Inc. announced that effective December 1, Carl Grebert, currently the VP, GM of the global Jordan Brand, will become the company’s new VP, GM of its Asia Pacific and Latin America (APLA) geography. Ann Hebert, currently VP, GM of the APLA geography, will become the new VP, Global Sales.
Digital Room Acquires Logo Sportswear
Digital Room LLC, the vertically-integrated provider of online-driven printing solutions, has acquired Logo Sportswear Inc.
Salewa North America Appoints Drew Saunders As Country Manager
Salewa North America, which operates the Dynafit, Salewa, Wild Country and Pomoca brands in the U.S. and Canada, has announced promotions within its North American leadership team—Drew Saunders has been named country manager, while Ross Herr was named sales and marketing manager
Fila Signs Sponsorship Agreement With WTA Rising Star Sofia Kenin
Fila announced that it has signed a sponsorship agreement with American tennis player Sofia Kenin.
DSW, Authentic Brands Group Complete Acquisition Of Camuto Group
DSW Inc. on Tuesday said it has completed its previously announced acquisition of the operations of Camuto Group, the product design and brand development organization best known for the successful Vince Camuto brand and the footwear licenses of Jessica Simpson and Lucky Brand.
Under Armour Faces #MeToo Moment
Under Armour in a letter to employees vowed to shore up its culture after the Wall Street Journal came out with an extensive report on years of sexual misconduct at the firm, including a past practice of letting employees expense strip club visits.
Adidas Close To Signing Record Deal With Real Madrid
Adidas is set to sign a record-breaking deal to renew with Real Madrid. The ten-year deal is valued at €1.1 billion (U.S. $1.25 bn), according to Marca.
Fanatics Terminates Nascar Deal
Fanatics has terminated its ten-year trackside sponsorship deal with Nascar six years early as a result of low race attendances, according to a report from Sports Business Daily.
Clarus Raises EBITDA Margin Outlook On Record Sales In Q3
Clarus Corp. on Monday raised its EBITDA margin outlook to 9.5 percent from 8.5 percent after the company reported sales for the third quarter ended September 30 jumped 22 percent to a record $55.7 million, which also beat Wall Street targets by $2.5 million.
Adobe Forecasts $124 Billion In U.S. Online Sales This Holiday Season
Adobe predicts that U.S. online sales will increase 14.8 percent, totaling $124.1 billion, while offline retail spending is expected to increase a modest 2.7 percent.
