Senior Executives Step Down From Kohl’s
Kohl’s Corp. announced in a regulatory filing Wednesday that Chief Marketing Officer Greg Revelle is departing in June and Chief Merchandising Officer Doug Howe will leave immediately.
Patrick Frisk To Step Down From Under Armour As President And CEO
Under Armour, Inc. announced that Patrik Frisk will step down as president and CEO and as a member of its Board of Directors effective June 1, 2022. The board has initiated an internal and external search for Frisk’s replacement. Colin Browne, Under Armour’s COO, has taken the helm as interim president and CEO effective June 1, 2022.
Strava Acquires Injury Prevention App
Strava has acquired Recover Athletics, the prehab app for runners, giving Strava subscribers access to the company’s content, including personalized prehab and injury prevention exercise plans.
Century 21 To Reopen Manhattan Flagship Store
Century 21 announced plans to reopen in Spring 2023 at its former location near the World Trade Center in downtown Manhattan. The reopening comes two years after the store closed due to the pandemic.
Faxon Firearms Names New Director Of Sales
Faxon Firearms, a Cincinnati, OH-based manufacturer of rifle and pistol components, and complete firearms, appointed Jack Jameson as director of sales.
Nike’s Diversity Chief To Exit; New DEI Officer Hired
Felicia Mayo, who has worked as Nike’s chief talent, diversity and culture officer since July 2020, is leaving the company at the end of July 2022, according to an internal memo obtained by The Financial Times.
TJX Sees Q1 Sales Below Expectations
The TJX Companies, Inc. reported earnings in the first quarter topped Wall Street’s guidance, but sales were below plan, and the retailer lowered its U.S. growth guidance for the year.
EGrips Unifys Under Trango; Adds Executive Hires
Trango, the manufacturer and international distributor of technical climbing equipment, is unifying its organization and suite of climbing gear under the company name Trango, including eGrips, the climbing hold brand.
Shoe Carnival Lifts Earnings Outlook On Q1 Beat
Shoe Carnival Inc. reported earnings and sales declined in the first quarter against challenging year-ago comparisons but were well above the pre-pandemic 2019 first quarter and topped Wall Street targets. The off-priced retailer raised its EPS guidance for the year.
NSGA Sports Participation Report Shows Rebound From COVID-19 In Some Areas
Relaxed COVID-19 restrictions, which gave people the ability to return to some of their traditional activities in 2021, was reflected in the 10 segments tracked for the 2022 edition of the National Sporting Goods Association’s (NSGA) Sports Participation in the U.S. report.
Nike Ends Sponsorship Of Spartak Moscow
Nike has ended its 17-year cooperation with Russian Premier League Football club Spartak Moscow after the team was ruled out of next season’s European competitions because of Russia’s invasion of Ukraine.
Kappa Replaces Spyder As Outfitter Of U.S. Ski & Snowboard Team
Italian sportswear brand Kappa signed a multi-year sponsorship with U.S. Ski & Snowboard to be the official technical apparel partner of the U.S. Ski Team. Kappa replaces Spyder, which had the ski team’s apparel deal for the past 33 years.
April Sales Climb 8.2 Percent Year-Over-Year
The U.S. Census Bureau said overall retail sales in April were up 0.9 percent seasonally adjusted from March and up 8.2 percent year-over-year. That compared with increases of 1.4 percent month-over-month and 7.3 percent year-over-year in March.
ThredUP Releases 10th Annual Resale Report
ThredUP released the results of the 2022 Resale Report that predicts the U.S. secondhand market will more than double by 2026, reaching $82 billion.
TFL Brands Appoints General Manager To Lead GummiShot Energy Gummies
TFL Brands appointed Morgan Mulvihill, a 16-year veteran of Procter & Gamble, to lead GummiShot Energy Gummies as general manager.
