March 20, 2023
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.
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.
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.
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.
The Swiss smart indoor bike maker has appointed Greg Nieuwenhuys as chairman, effective immediately.
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.