Adidas Extends CFO Contract; Two Global Leaders Exit The Company
The Supervisory Board of Adidas AG has extended Harm Ohlmeyer’s appointment as chief financial officer for another three years until the beginning of 2028. Adidas also announced that Arthur Hoeld would replace Roland Auschel with responsibility for global sales and the departure of Brian Grevy, who was responsible for global brands.
Cardiff Snowcraft Names New CEO And Category Director
Cardiff Snowcraft hired Tanner Bell, founder and former CEO of Ragnar Relay Series, as the company’s new CEO. Mike Schnieder, who has over 20 years of experience in the snow industry, will be the company’s new category director.
PVH Appoints Chief Communications Officer
PVH Corp. hired Amber McCann as EVP and chief communications officer, effective April 6, 2023, to lead PVH’s global internal and external communications strategy, reporting to Stefan Larsson, CEO of PVH Corp.
Target Sports USA Adds Graphic And Motion Media Designer
Target Sports USA hired Sean Ferris as a graphic & motion media designer, with eight-plus years of industry experience.
TRX Relocates Headquarters To Delray Beach
TRX, the fitness brand, announced the relocation of its global headquarters from San Francisco to Delray Beach, FL.
Fanatics Expands Partnership With German Football Association
Fanatics and the German Football Association (DFB) announced a long-term extension to their existing retail partnership. Fanatics now has the rights to manufacture, distribute and, where desirable, license to third parties an expanded range of DFB-branded fan merchandise.
Vista Outdoor Vice Chairman Retires
Vista Outdoor Inc. announced that Tig H. Krekel has retired as vice chairman and member of the company’s board of directors, effective Feb. 27, 2023.
Adidas Warns Of Annual Loss And Cuts Dividend After Kanye West Split
Adidas said on Wednesday it would slash its dividend for 2023 and again warned it could suffer its first annual loss in 30 years as it deals with the fallout from its decision to split with rapper and fashion designer Kanye West. The company posted a major loss in the fourth quarter.
Life Time Group Holdings Swings To Q4 Profit On 31 Percent Revenue Gain
Life Time Group Holdings, Inc. reported that fourth quarter 2022 revenue increased 31.1 percent to $472.7 million, citing strong growth in membership dues and in-center revenues, which was driven by its pricing strategy, increased memberships and higher utilization of in-center offerings by members.
The Athlete’s Foot Closes Acquisition Of Sneakers Market S.A. In Greece
The Athlete’s Foot completed the acquisition of Sneakers Market SA, a subsidiary of Fourlis Group that operates TAF stores in Greece.
Nike Shifts Leadership In Women’s Business And APLA Region
Nike reported it is transitioning Amy Montagne, currently VP/GM, APLA, to lead its women’s business as VP/GM Women’s, replacing Whitney Malkiel, who is leaving the company. Cathy Sparks, currently VPof Nike Direct, EMEA, will transition to lead its APLA geography as VP/GM, APLA.
Life Is Good Partners WIth DXL On Big And Tall Tees
Life is Good extended its sizing through an exclusive partnership with DXL Big + Tall, which uses DXL’s expertise in fit, merchandise assortment and men’s big and tall apparel.
Nike Hires New DEI Chief
Nike hired James Loduca, formerly Twitter’s VP of DEI as its new DEI officer. As the Portland Business Journal reported, Loduca is the fifth person in the role since 2019. He replaces Jarvis Sam, who left after only six months in the job last November.
Roots Adds Creative Director In Residence
Roots Corp. hired Joey Gollish as creative director in residence, effective March 7 through 2025; this represents the first time in the company’s history that it added an outside creative to work for the brand.
Rally House Continues Expansion In Ohio With Graceland Store
Ralley House, the nationally known sports and merchandise retailer continued its expansion into Columbus, OH with the opening of its Graceland store, giving more customers access to local merchandise and sports apparel.
