SGB Update

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.”

Wolverine Worldwide, 3M To Pay $54M In PFAS Class Settlement

A judge has given tentative approval in a $54 million settlement involving Wolverine Worldwide and 3M Co. related to a class action lawsuit over PFAS chemicals that contaminated drinking water in western Michigan. The chemicals from a since-closed tannery were discovered five years ago.

Mammut Hires Chief Commercial Officer

Mammut Sports Group AG appointed Felix Muennich as chief commercial officer, effective November 1. Muennich is an 18-year veteran working in the sporting and consumer goods industry, most recently at Nike.

Arc’Teryx Hybrid Retail Store And ReBird Service Center Opens In Boulder

The Arc’teryx hybrid retail brand store and ReBird Service Center opened in Boulder, CO on Pearl Street on September 17. This is the second U.S. and third global ReBird Service Center for company. A hub for Arc’teryx’s ReBird program of upcycling, resale, care and repair, is the Service Center offers customers a suite of circular […]

Smith Adds Global VP Of Sales

Smith, the manufacturer of snow goggles and helmets, promoted Rob Retzlaff to global vice president of sales.

North American Bike Distributor HLC Acquired By Private Equity

MiddleGround Capital, the investment specialist and buyer of middle market B2B industrial and specialty distribution companies, purchased North American bike parts and accessories distributor HLC. The terms were not disclosed.

Nike Appoints Board Members

Nike, Inc. announced that Mónica Gil and Bob Swan were elected to the company’s Board of Directors. Gil is chief administrative and marketing officer of NBCUniversal Telemundo Enterprises. Swan is an operating partner at Andreessen Horowitz and former CEO of Intel Corporation.

Report: High School Sports Participation Declines Over After Pandemic

In its first high school sports participation survey in three years, the National Federation of State High School Associations (NFHS) reported a total of 7,618,054 participants in high school sports for 2021/22, down four percent from its 2018/19 figure of 7,937,491. However, NFHS noted that participation is “on the road back” after schools could not offer programs in typical fashion during portions of the 2019/20 and 2020/21 school years in the U.S. due to the pandemic.