Adidas Extends Partnership With Arsenal
Adidas extended its partnership agreement with premier club league Arsenal until 2030. The announcement comes following a summer where Adidas hosted pre-season training camps for Arsenal’s men’s and women’s teams at its global headquarters in Herzogenaurach, Germany.
Crocs’ Chief Operating And Transformation Officer Resigns
Crocs, Inc., in a regulatory filing, said Elaine Boltz, its executive vice president and chief operating and transformation officer, resigned her position effective October 14.
Headwear Brand Martha Expands U.S. Operations, Hires Sales Manager
Martha, the sustainably-focused headwear brand based in Argentina, hired Albert Shim as sales manager to expand its U.S. business, having entered California in 14 stores.
TenPoint Crossbows Announces Promotion Of Third-Generation Execs
TenPoint Crossbows, based in Mogadore, OH, promoted Phil Bednar to president and CEO and Steve Bednar to executive vice president and COO of the company (Hunter’s Manufacturing Co., Inc. dba TenPoint Crossbows).
Nike Launches Connected Partnerships With JD Sports And Zalando
Nike has selected JD Sports And Zalando as its first European partners for its Connected Partnership loyalty program, enabling its customers to access Nike member products and experiences.
Athleta Launches Resale Program
Athleta launched its first resale platform, Always Athleta, in partnership with ThredUp. Owned by Gap, Inc., the platform will be used to understand customer purchasing behavior better and attract new customers to the brand.
American Outdoor Brands Launches Stock Buyback Program
American Outdoor Brands, Inc.’s Board of Directors approved the immediate repurchase of up to $10 million of the company’s outstanding common stock through September 2023.
Hawke Optics Adds U.S. Marketing Manager
Hawke Optics promoted Paige Shipe to U.S. marketing manager in preparation for its most extensive marketing campaign into 2023.
Active Ride Shop Acquired By Former President
Active Ride Shop, based in Temecula, CA, announced that The Phoenix Project, Inc, a group led by former Active President, Esmail Mawjee, had purchased the company.
Peloton Loses Lululemon Infringement Lawsuit
According to Reuters, a U.S. judge today dismissed Peloton’s lawsuit seeking a declaration that it did not infringe Lululemon’s patents in developing its apparel line.
Signa Sports United Hired Managing Director, Tennis-Point Berlin
Signa Sports United hired Stefan Salzer as managing director Tennis-Point Berlin, a German company specializing in selling tennis and running equipment.
Asolo Adds Sales Representation In Eastern Great Lakes
Asolo USA hired Tom Lawrence of Surrounded By Lakes, LLC to represent Asolo Footwear for the Eastern Great Lakes, which includes Michigan, Ohio, Indiana, and Kentucky.
Nike’s Q1 Tops Wall Street Targets
Nike, Inc. reported sales grew 4 percent on a reported basis and 10 percent on a currency-neutral basis in the first quarter ending August 31.
Toms Hires COO And CFO
Dorothy Sadd was hired as Tom’s global COO and CFO. Most recently, Sadd was CFO and COO at omnichannel fashion brand Unique Vintage.
Amazon Increases Wages For Warehouse And Delivery Workers
Amazon said it would invest $1 billion over the next year to increase the salaries of its “frontline workers” and introduce a perk that gives them access to a portion of their paycheck before payday.
