Lectric Recalls Electric Bike Company’s Mechanical Brakes
Lectric eBikes is contacting consumers about the mechanical disk brake calipers which could cause riders to lose control and lead to injury, according to the U.S. Consumer Product Safety Commission.
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.
Life Time Opens 22 Pickleball Courts at Life Time Kingwood in Texas
Life Time currently operates nearly 600 permanent pickleball courts across its network of athletic country clubs in North America.
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.
Report: August Mall Foot Traffic Decline Data May Have Some Positives
Placer.ai said in its August 2023 Mall Index report that while MoM visits fell for the month, other foot traffic metrics painted a rosier picture for the period when delving deeper into the location analytics.
AlixPartners: Holiday Retail May Be A Tale of Two Cities Again this Year
The consulting firm’s Holiday Outlook Survey of more than 1,000 American consumers found that 26 percent of consumers plan on spending less this holiday season with 38 percent of households with incomes under $45K planning to spend less.
HeyDude Faces $1.95 Million Fine from FTC
HeyDude will pay $1.95 million in fines over allegations they misled customers by only allowing positive reviews to appear on its website. Crocs said the violations primarily occurred prior to the acquisition.
West Marine Reaches Restructuring Deal to Avoid Court Proceedings
West Marine agreed to restructure roughly $800 million of the company’s debt out of court proceedings with the assistance of L Catterton, its private-equity owner. L Catterton will retain control of the business.
Grundéns Hires New CEO from Rapala
The producer of fishing apparel and footwear hired Nicolas Cederström Warchalowski as chief executive officer. Most recently, Warchalowski was the CEO of Rapala, the sport fishing company.
Phantom Glide Hires National Sales and Tech Rep
Justin Greenbaum, who brings sales and tuning experience to the team, will focus on “expanding Phantom Glide into new markets and growing partnerships across the ski and snowboard industry.”
Cascade Designs Names New VP of Human Resources
The company hired Minor Harris as VP of human resources, working from the company’s Reno, NV office. Harris will oversee all facets of HR to “ensure that the right people are in place” to develop, design and manufacture the company’s recreational product lines.
