Krimson Klover Promotes Dumont To VP Sales
Krimson Klover announced it promoted Victoire Dumont to the newly created vice president of sales position.
Peloton’s John Foley To Step Down As CEO
Peloton CEO John Foley will step down as CEO, moving to the role of executive chair, and be replaced by Barry McCarthy. The embattled connected-fitness cycling giant also cut revenue guidance to as much as $3.8 billion, down from $4.8 billion, amid a major restructuring and revealed plans to cut 2,800 jobs or about 20 percent of its corporate workforce.
Descente Revenues Climb 15 Percent In Nine Months
Descente reported an operating profit against a loss in the nine months through December 31 on a 15.1 perfect revenue gain.
Golftec Opens Club Fitting Center In Singapore
Golftec announced its continued international expansion by opening an instruction and club fitting center in Singapore.
Gore-Tex Launches Outerwear On Demand
Gore-Tex has launched a performance apparel rental program. The company’s Outerwear on Demand service offers customers in North America a rental option for its snowsports apparel at 15 resorts and retail locations.
Jack Wolfskin Appoints General Manager, China
Jack Wolfskin has appointed Matthew Jung as general manager, China, effective February 9, 2022.
Blue Water Acquires Yogi Bear’s Jellystone Park In Kentucky
Blue Water, a Maryland-based company, specializing in the development and management of campgrounds, hotels, and attractions, announced it had acquired Yogi Bear’s Jellystone Park at Mammoth Cave in Kentucky to continue its partnership with the Jellystone Park brand.
Chamois Butt’r Expands Management Team
Chamois Butt’r announced it is growing its Kansas City office with Aaron Apel, who joins its operations team reporting directly to company COO Curt Shelman.
Fleet Feet Adds Two Stores In Texas
Fleet Feet announced it is opening two stores in McAllen and Georgetown, TX, respectively, and and will increase its store count in the state to 26 stores.
Nike Sues StockX Over NFTs
Nike has filed a lawsuit in the Southern District Court of New York against StockX, accusing the sneaker resale marketplace of using Nike’s trademarks without authorization to market and sell non-fungible tokens (NFTs).
Solo Brands Announces CFO Transition Plan
Solo Brands, Inc. announced that Chief Financial Officer Sam Simmons would begin transitioning from Solo Brands this year. Simmons will remain in the role until a successor is named and then support the transition.
Genesco Announces Share Buyback Plan
Genesco, Inc. announced that its board of directors has authorized a $100 million increase to its existing $100 million share repurchase authorization.
Reports: Amazon And Nike Exploring Bids For Peloton
Amazon and Nike are reportedly exploring separate bids for Peloton, the beleaguered leader in internet-connected at-home bikes and treadmills. Peloton’s shares were trading up more than 30 percent in after-hours trading.
Nike Becomes Equity Investor In The WNBA
Nike, Inc. announced it had become an equity investor in the WNBA (Women’s National Basketball Association), following its 25-year commitment to the league. The WNBA overall raised $75 million from investors.
USA Surfing Names Interim CEO
USA Surfing appointed Brandon Lowery as interim CEO, replacing Greg Cruse.
