JD Sports Outlines Plan To Improve Corporate Governance
J.D. Sports Fashion posted a record annual profit but warned that earnings would remain flat in the current financial year amid inflationary pressures. The retailer also laid out plans to overhaul its corporate governance structure and internal controls after a review led to the exit of long-time boss Peter Cowgill last month.
Blackcrows Names New Global Chief Commercial Officer
Blackcrows, the French freeskiing brand announced that Wanda Rozwadowska would join the company as Global Chief Commercial Officer.
Schoeller Textil Names Western Regional Sales Manager
Schoeller Textil AG announced that Mark Pikaart had joined its North America team as western regional sales manager.
Retail Groups Applaud Uyghur Forced Labor Prevention Act
In a joint statement, the American Apparel & Footwear Association, National Retail Federation, Retail Industry Leaders Association and The United States Fashion Industry Association applauded the implementation of the Uyghur Forced Labor Prevention Act.
Fanatics CEO Selling Ownership Stake In Philadelphia 76ers, New Jersey Devils
Fanatics CEO Michael Rubin announced plans to sell his 10 percent stake in Harris Blitzer Sports & Entertainment (HBSE), the parent company that owns the Philadelphia 76ers and New Jersey Devils. He cited a conflict of interest with Fanatics’ collectibles and planned sports betting operations.
Franchise Group Seeks Lower Price To Acquire Kohl’s
Retail holding company Franchise Group is considering lowering its bid for Kohl’s to closer to $50 per share from about $60, a source told CNBC.
Pivot Cycles Names New President
Pivot Cycles promoted Bryan Mason from global sales manager to president.
KT Tape Names CEO
KT Tape announced that after a national executive search, the company’s board of directors has appointed Jessica Klodnicki as its new chief executive officer. Her past roles include stints at Skullcandy, Vista Outdoor and Mizuno.
Winnebago’s Quarterly Revenues Jump 52 Percent
Winnebago Industries reported a sharp increase in profits in the fiscal third quarter ended May 28 as sales expanded 52 percent.
EBay Acquires NFT Marketplace, KnownOrigin
EBay, Inc. has acquired KnownOrigin, the non-fungible token (NFT) marketplace. The company said the acquisition is an important step in its “tech-led reimagination.”
Iowa’s Uptown Sporting Goods To Close
Uptown Sporting Goods in Carroll, IA is closing later this summer as its owners plan to retire, according to a report from Carroll Times Herald.
F45 Launches Corporate Partnership Program
F45 Training Holdings, Inc. announced the formal launch of its corporate partnership program. Through this program, companies can open an F45 studio inside their offices to offer F45 classes to their employees.
Crunch Fitness Celebrates Two Million Member Mark
Crunch Fitness marked the milestone of reaching two million members at the full-service fitness brand.
PeopleForBikes Ranks Best Places to Bike In The U.S.
For the sixth consecutive year, PeopleForBikes, in partnership with Trek Bicycle, published its ranking of the best cities in the U.S. to cycle. Of the 1,058 cities ranked, the top three for 2022 are Provincetown, MA; Davis, CA; and Fayette, MO.
Gymshark Appoints Marketing VP
Gymshark announced the appointment of Carly O’Brien to VP of marketing. She reports to Niran Chana, Gymshark’s president, International.
