SGB Update

Wolverine Names Greg Tunney President Of Hush Puppies

Wolverine World Wide, Inc. announced Greg Tunney will be joining the company as president of Hush Puppies, reporting to Todd Spaletto, president of the Outdoor & Lifestyle Group. Tunney formerly ran RG Barry.

Fitbit Adds Board Member

Fitbit, Inc. announced that Brad Fluegel has joined the Fitbit, Inc. board of directors. Fluegel recently retired as senior vice president, chief healthcare commercial market development officer for Walgreens.

Outdoor Research Hires Head Of Finance and Operations

Outdoor Research, the Seattle-based maker of industry leading apparel and gear, this month hired Roger Barton as head of finance and operations. Barton was most recently at Newell Brands Technical Apparel, which include the Marmot and ExOfficio brands.

The Walking Company Reaches Agreement On Recapitalization

The Walking Company Holdings Inc., has announced that it has obtained critical stakeholder support for a comprehensive recapitalization of the company. The company’s controlling shareholders have committed to invest $10 million in new equity into the company and it has obtained debtor-in-possession (DIP) financing from it lender, Wells Fargo Bank, for up to $50 million.

NBA Considering Removing “One and Done” Age Limit

The NBA is considering ending the “one-and-done” age limit rule for players who want to enter the NBA draft in wake of the pay-for-play scandal roiling college basketball, according to a report from ESPN.

Nordstrom Rejects Take-Private Offer By Family Group

A special committee of Nordstrom’s board rejected a roughly $8.4 billion offer, amounting to $50 a share, from the founding Nordstrom family to buy the company, saying the price was too low.

VF Corp. Appoints Velia Carboni As Chief Digital Officer

VF Corp. announced the appointment of Velia Carboni, formerly at Fidelity Investments, to the new position of chief digital officer. She will report to VF’s chairman, president and CEO, Steve Rendle, and will serve on the company’s senior leadership team.

Any Metal Tarriffs Unlikely To Impact Sporting Goods Industry

President Donald Trump’s announcement that he plans to order new tariffs on steel and aluminum isn’t likely to impact  sporting goods or outdoor gear suppliers, according to analysis by the Sports & Fitness Industry Association (SFIA).