Peloton Names Former Apple, Ford Exec as New CEO
Peter Stern was appointed CEO and president, effective January 1, 2025. He is the president of Ford Integrated Services. Previously, he held leadership roles at Apple and Time Warner Cable.
Sturm, Ruger’s Earnings Slide on Promotions, Sales Turn Positive
The firearms company announced that net sales were $122.3 million for the third quarter against $120.9 million a year ago. Earnings reached $4.7 million, or 28 cents a share, compared with $7.4 million, or 42 cents, the prior year.
DPS and Phantom Glide Hires Head of Strategic Product Development
Since its invention over seven years ago, World Cup Nordic Combined champion Billy Demong has been an active Phantom Glide tester. He joins recently hired Ted Ligety as part of the design, development and business strategy team.
U.S. Olympic and Paralympic Properties Name Nike Exec as CEO
John Slusher, Nike’s long-tenured sports marketing EVP, was named as CEO of the U.S. Olympic and Paralympic Properties (USOPP) for the 2028 Los Angeles Olympics. Ann Miller, the company’s executive vice president, chief legal officer and a 14-year Nike veteran, will replace Slusher as EVP of global sports marketing.
Nike, Inc. Shifts Senior Team Roles in Sports Marketing, Legal and Supply Chain
The company and new CEO Elliott Hill continue to make changes in its Senior Leadership Team (SLT), as it moves to position the company for renewed growth and brand energy.
BOA and Primaloft Lead Compass Diversified’s Q3 Active Brands Gains
Compass Diversified Inc. (CODI) reported sales grew 22.3 percent at BOA and 25.2 percent at PrimaLoft to lead the gains among its active lifestyle brands.
Rocky Brands’ Q3 Profits Slide on 8.8 Percent Sales Decline
The sales decline reflects a 15.7 drop in wholesale revenues due to softness in work, outdoor and commercial military categories. Jason Brooks, CEO, said, “While cautious consumer spending outside of peak shopping periods and warm, dry weather acted as headwinds this quarter, the underlying strength of our business remains intact.”
Consumer Confidence Bounces Back In October
The Conference Board reported that its Consumer Confidence Index jumped to 108.7 in October from 99.2 in September—the biggest monthly gain since March 2021. Analysts had forecast a more modest reading of 99.3.
Chipply Names New Marketing Manager
With seven years of experience in the promotional products industry, Ryen McFarland brings a strong background in marketing, sales and customer service to the e-commerce platform for team stores.
World Gym International Acquired by World Gym Taiwan
John Caraccio, chairman of WFS, will serve as interim CEO of World Gym International, while Michael Sanciprian, former CEO of WFS, will be the company’s executive director.
Planet Fitness Appoints CFO
Jay Stasz will join the company on November 4 and work alongside current CFO Tom Fitzgerald until assuming the role full-time on November 15.
Newell Brands Announces Upsized Debt Offering
Newell Brands announced the launch and pricing of an upsized public offering of $750 million aggregate principal amount of 6.375 percent notes due 2030 and $500 million aggregate principal amount of 6.625 percent notes due 2032.
Enduro Bearings Hires Sales & Marketing Director for the Americas
Alex Wassmann is an industry veteran in the cycling space, having held key roles in product development, technical support, marketing, and strategic global partnership development at Giant Group and Sram.
Luth-AR Acquires Acro Machine
Luth-AR, a manufacturer of AR-15 firearms and firearm components based in Buffalo, MN, has purchased all the assets of Acro Machine Inc., including several CNC turning and milling machines and all fixtures, programs, designs and knowledge.
OnCore Innovations Adds Investor and Shareholder
Thomas Pieters joins NFL quarterback for the Buffalo Bills, Josh Allen, professional golfers Taylor Gooch and Harold Varner III, investors Chuck Schwab, and LAB Golf, who, with a combination of athletic and business acumen, will drive OnCore Innovations’ mission to elevate the game for professionals and amateurs.
