March 20, 2023 Foot Locker Targets Nearly $10 Billion in Revenue by 2026
Laying out a new, “lacing up for the future” four-year plan at its investor day, CEO Mary Dillon introduced some ambitious growth targets, aiming for a revenue CAGR of 5% to 6% per year from 2024 through 2026 including 3% to 4% positive comps. America’s Outdoor Recreation Act Reintroduced in Congress
The bipartisan America’s Outdoor Recreation Act was re-introduced in Congress by Senators Joe Manchin (D-WV) and John Barrasso (R-WY), a policy that aims to improve outdoor recreation and protect public lands and waters. K-Swiss Taps Rob Langstaff as International Brand President
The long time sneaker industry exec will succeed Dave Grange as international brand president for K-Swiss, which is owned by Chinese sportswear company Xtep International Holdings. Sweaty Betty’s CEO and COO to Depart
Wolverine Worldwide’s women’s activewear brand will get new leadership this summer, as chief executive Julia Straus and chief operating officer Mark Smith are both leaving the company, Drapers first reported. Wattbike Names Greg Nieuwenhuys Chairman
The Swiss smart indoor bike maker has appointed Greg Nieuwenhuys as chairman, effective immediately. Precor Closes Whitsett, NC, Factory
The Peloton-owned fitness equipment maker will permanently shutter its 230,000-sq.-ft. plant in Whitsett, NC, and lay off 123 employees there, according to a WARN notice filed with the state’s commerce department. Etcetera: On Running, Headrest Safe
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