Adidas HR Chief To Depart This Month
Adidas AG reported that Amanda Rajkumar, executive board member and labor director of Adidas, responsible for global human resources, people and culture, informed the company’s Supervisory Board that she would not renew her contract, which expires in December 2023 and is leaving the company on July 15. Adidas provided no reason for Rajkumar’s decision.
Stewart Golf Opens First U.S. Customer Care Center In Houston
Stewart Golf, the electric and push golf cart manufacturer, reportedly opened its first U.S. customer care center in Houston, TX, for inquiries, servicing and repairs.
Academy Sports Opens Store In Peoria
Academy Sports + Outdoors opened its first store in Peoria, IL, the second in the state, including the store in Fallon, IL.
Sig Sauer Adds New General Counsel
Laurence Grayer joined Sig Sauer as EVP, general counsel and chief compliance officer as a business partner to provide counsel while furthering corporate business objectives.
Adidas Partners With Roma
Adidas signed a long-term partnership with Roma to become the Italian soccer club’s new kit supplier, replacing New Balance.
Rapala VMC Lowers 2023 Outlook
Rapala VMC Corp., the fishing tackle company based in Helsinki, Finland, lowered its financial outlook for the year, now expecting 2023 operating profits to be “significantly below” 2022 due to marketplace inventory destocking efforts.
MEC Tied For Top Place With Costco As Canada’s Most Trusted Brand
In a tie with Costco, the Gustavson Brand Trust Index recognized Mountain Equipment Company (MEC) as Canada’s most trusted brand. Other brands in the active lifestyle space that made the Index’s Top 50 most trusted brands were Columbia Sportswear at No. 3; The North Face, 12; Patagonia, 15; and Canadian Tire, the parent of SportsChek, 37.
Big Agnes Launches Canadian Website
Big Agnes launched a new website to service Canada’s active outdoor consumers. The Steamboat-Spring, CO-based outdoor equipment brand said that by launching a site for the region, it could support its wholesale partners with a dealer locator tool that helps consumers find gear at local retailers.
JD Sports Expands To Middle East In Franchise Deal
JD Sports Fashion Plc signed its first franchise agreement with Dubai-based GMG. Under the ten-year agreement, GMG will open around 50 stores under the JD banner by 2028, focused on locations in the United Arab Emirates, the Kingdom of Saudi Arabia, Kuwait, and Egypt.
World Surf League CEO Exits
The World Surf League (WSL) announced that CEO Erik Logan had left the company, effective immediately, with no reason for his departure. As the WSL begins a search for a new CEO, Emily Hofer, WSL’s chief people and purpose officer, and Bob Kane, chief operating officer and chief legal officer, will jointly lead the company.
Study: Consumers Plan To Spend More For BTS Despite Weaker Economy
Creator marketing platform LTK released the findings of its 2023 Back to School Shopper Study which found that, despite the weakened U.S. economy, 65 percent of Americans said they will shop during the back-to-school season, with 81 percent planning to spend the same or more than last year, with purchasing decisions driven by price and quality.
On Opens Store In Brooklyn
Swiss running brand On opened a store in Brooklyn’s Williamsburg neighborhood, marking its fourth retail location in the U.S. and its 23rd store globally. The company reported that future store openings are planned for Miami, Chicago, Austin, and Portland, OR.
Solo Stove Opens In-Store Experience In Polaris Public Lands Store
Solo Stove opened a permanent in-store product display at the Public Lands store in Polaris, OH, the outdoor specialty store owned by Dick’s Sporting Goods.
Nike Tops Fiscal Q4 Sales Expectations, Misses On Earnings On Margin Pressures
Nike, Inc. reported net earnings slid 28 percent in its fiscal fourth quarter ended May 31 and were just short of Wall Street expectations due in part to higher markdowns used to clear inventories.
Precor Partners To Support Stages Cycling’s Global Distribution
Precor, a wholly-owned subsidiary of Peloton, and Stages Cycling, a manufacturer of commercial indoor cycles, power meters and cycle computers, announced plans to enter into a “strategic global distribution agreement that will expand the availability and reach of Stages Cycling products to new markets and customers.”
