SGB Update

Lands’ End Names CFO

Lands’ End, Inc. announced that Bernard McCracken, the company’s interim CFO since January 2023 and chief accounting officer since April 2014, was named chief financial officer.

Pvolve Opens Second Franchise Studio

The newly opened Pvolve location in Carlsbad, CA builds on the company’s pipeline of franchise locations coming to market. The new studio is owned and operated by local husband-and-wife, Kristin and Jeff Springborn.

Foot Locker’s Debt Ratings Lowered by S&P

S&P Global Ratings downgraded the debt ratings of Foot Locker, Inc. following the sneaker giant’s report of weaker-than-expected second-quarter earnings amid elevated promotional activity and weak consumer demand.

Golden Goose Sales Increased 21 Percent in First Half

Golden Goose reported sales of €276.4 million ($295 mm) in the first half, up 21 percent year-over-year. The Italian sneaker maker’s sales were up 65 percent over the first half of 2021.

POC Appoints Cycling Industry Vet as New CEO

POC, based in Sweden, has appointed Derek Bouchard-Hall as CEO. Before joining the helmets, eyewear, protection, and apparel manufacturer, Bouchard-Hall was CEO of Assos, president and CEO of USA Cycling and the director of International at Wiggle.

Planet Fitness CEO Departs

Planet Fitness, Inc. said its Board of Directors transitioned to new leadership, resulting in Chris Rondeau’s departure as company CEO. Craig R. Benson, a Board member, was appointed interim CEO, effective immediately.

The James Brand Appoints Director of Marketing and Sales

Dustin Aron will manage strategy and implementation to increase consumer awareness and engagement, execute expanded wholesale & retail objectives with the global sales team, and support the overall growth strategy of the brand.

SRAM Makes Two Key VP Appointments

Chicago-based bicycle parts manufacturer SRAM promoted Lisa Peppel from quality engineering manager to VP of quality, replacing Otis Hayes, who has led the department since 2016. SRAM also promoted Joe Chung to VP of its IT department.