Hoop Culture Secures Naming Rights For Metaverse Arena In Orlando
LootMogul announced that an agreement has been made for Hoop Culture Inc., the basketball lifestyle brand, to acquire the naming rights for the Metaverse Arena in Orlando.
IBEX 2022 Cancelled Due To Severe Weather
The International BoatBuilders Exhibition and Conference (IBEX) has been canceled due to threats from Hurricane Ian. The event had been scheduled to take place at the Tampa Convention Center in Tampa, FL from September 27-29.
PGA Tour Superstore Appoints President
PGA Tour Superstore announced that Dick Sullivan, currently president and chief executive officer for PGA Tour Superstore, has been named executive chairman and CEO while Jill Spiegel, now PGATSS chief merchandising officer, has been promoted to president.
Bass Pro Plans Store For Grand Prairie, TX
Bass Pro Shops announced plans to open a store in Grand Prairie, TX, serving the southern portion of the Dallas metro area. The 100,000-square-foot store, expected to open in the spring of 2024, will be the outdoor retailer’s fifth location in the region and 15th in Texas.
Peter Millar Partners With USGA
The USGA and Peter Millar signed a partnership agreement designating Peter Millar the Official Outfitter of the USGA and supporting partner of the U.S. Open Championship. Peter Millar hired industry veteran Patrick Kiely as vice president, Strategic Partnerships & Corporate Sales, to support the partnership and oversee the day-to-day operations with the USGA team.
Peloton Compliance Chief Joins Snap
The head of compliance and risk at Peloton Interactive, Inc., Lance Lanciault, has left the company and joined Snapchat parent Snap, Inc.
Rally House Adds Location In Dallas
Rally House has opened another location in the Dallas market. Rally House Preston Forest is 15 minutes north of downtown.
Yeti’s CFO Resigns
Yeti Holdings, Inc. announced the resignation of its chief financial officer, Paul Carbone, effective October 28, 2022. Carbone is returning to Boston to pursue a business opportunity and be closer to family.
JD Sports’ Profits Slide In First Half
JD Sports reported an 18.2 percent drop in pre-tax profits for the six months ending July 31, partly due to the U.S. government support it received as part of the country’s COVID stimulus package last year, which boosted year-ago results. Sales grew 13.7 percent year-over-year.
Luxury Footwear Brand, Freebird, Opens New Stores
Freebird, known for its handmade leather boots, announced the opening of stores in Charleston, SC; San Antonio, TX; as well as a storefront in Las Vegas, NV.
PVH Corp. Appoints Chief Strategy Officer
PVH Corp., the parent of Calvin Klein and Tommy Hilfiger, hired Sara Bland as executive vice president and chief strategy officer, effective October 31, reporting to CEO Stefan Larsson.
Taurus Hires Marketing Manager
Taurus announced it hired Caleb Giddings as marketing manager for the manufacturer of handguns for defense, hunting and sport shooting.
Greg Norman Collection Hires Creative Director
Greg Norman Collection announced it hired Peter Bentivegna as vice president and creative director, overseeing men’s and women’s design and product development across the brand’s green grass, wholesale and DTC retail channels.
Columbia Sportswear Sets Three-Year Growth Targets
Columbia Sportswear Company introduced its three-year financial targets aimed for a 9 perdent to 11 percent organic sales growth and 12 percent to 15 percent EPS growth on a compound annual growth rate (CAGR) basis from 2022 to 2025. The targets were announced ahead of its first Investor Day, scheduled for September 22, at its headquarters in Portland, OR.
Activist Calls For Leadership Changes At Kohl’s
On Thursday, activist shareholder Ancora Holdings Group, LLC urged Kohl’s Corp. board to replace its Chairman Peter Boneparth and Chief Executive Michelle Gass with leaders with turnaround experience. In a letter to the board made public, Ancora said the retailer’s “botched strategic review, credit downgrade, dramatic decline in sales, elevated costs and poorly received standalone plan” have placed it on a “dangerous trajectory.”
