Winnebago To Establish Research And Development Facility
Winnebago Industries, Inc. is developing a new facility with expanded resources dedicated to innovating technologies for the recreational vehicle and marine industries.
3Step Sports Names CEO
3Step Sports, the youth sports club and event operator, hired Tania King as CEO. Founder David Geaslen moves into the chairman role.
Dick’s SG Supply Chain Chief Retires
Dick’s Sporting Goods said in a regulatory filing that Donald J. Germano, EVP, stores and supply chain, retired from his position.
Red Arrow Weapons Promotes Marketing Director
Red Arrow Weapons promoted Danny Reed to marketing director and brand manager.
Nike Sued By Odell Beckham, Jr.
NFL wide receiver Odell Beckham, Jr. is suing Nike for refusing to pay him royalties and violating their contract, according to the Portland Business Journal.
Academy Sports To Open Two Stores In West Virginia And Florida
Academy Sports + Outdoors is opening new stores in Barboursville, WV and Tampa Bay, FL, with grand opening events held from November 18 to November 20.
Fila Sees Higher Sales But Lower Profits For 2022
Fila Holdings Corp.’s earnings were down in the third quarter on lower margins. Sales grew modestly as declines for the Fila brand, including a sharp drop in the U.S., were offset by healthy gains for Acushnet, the parent of Titleist and Footjoy. Fila raised its sales outlook for the year but lowered its earnings guidance.
Timberland Names VP Marketing, Americas
Timberland named Ezra Martin as VP of marketing, Americas. He was most recently global VP of marketing for the Lab Series men’s skincare brand at Estee Lauder.
Dick’s Sporting Goods Hires Private Label Chief
Dick’s Sporting Goods hired Chad Kessler as EVP of vertical brands, its private label business. He will lead strategy, management and execution for the retailer’s vertical brands, including soft lines Calia, DSG and Alpine as well as the company’s hardline businesses.
F45 Training Posts Steep Q3 Loss On Charges
F45 Training Holdings, Inc. posted a steep loss in the third quarter ended September 30 on restructuring and litigation charges. Same-store sales increased 16 percent globally and 11 percent in the United States. The fitness studio also formed a committee to explore a sales offer.
Ammo Cuts Outlook On Soft Second Quarter
Ammo Inc. slashed its guidance for its fiscal year while reporting a small loss in the second quarter ended September 30 on a 21 percent revenue decline.
Apex Ammunition Names Marketing Specialist
Apex Ammunition hired Mike Tussey as a marketing specialist. Tussey is a veteran of the hunting industry and will be heavily involved in expanding Apex’s presence in Turkey and waterfowl initiatives.
Fleet Feet Roanoke Owners Retire After 20 Years, Successor Named
The retirement of Blaine and Robin Lewis, Fleet Feet Roanoke franchise owners since 2003, was announced by Fleet Feet corporate. General Manager Matt Thompson will purchase the store with an anticipated ownership transaction finalized in December.
Nike To Open Web3 Marketplace
Nike, Inc. will open an online store and trading platform called SWOOSH for virtual sneakers. Nike will release virtual products on the Web3-enabled platform where users can learn, collect and co-create virtual products.
Adidas’ Senior Unsecured Notes Offering Rated A2 By Moody’s
Moody’s Investors Service assigned an A2 rating to Adidas AG’s proposed €1.0 billion senior unsecured notes, split into two tranches maturing in 2025 and 2029. Proceeds from the notes will be used for general corporate purposes, including the refinancing of the company’s €500 million convertible bond due in September 2023.
