Lululemon Athletica CEO Calvin McDonald will step down from the company after year where the brand has struggled to against younger rivals like Vuori and Alo and the stock price has dipped nearly 50 percent over the year. In a call with analysts on Thursday, McDonald admitted a change was needed. “The timing is right …
Adidas will end its community-focused Adidas Runners program in North America after nine years, according to messages sent to its run club leaders. Sources familiar with the matter told A Mile. A Minute. that Adidas cited budget constraints as the one of the reasons for the exit. The affected regions include New York City, Miami, …
Sidney Baptista Fell Into an Apparel Industry Walled Off to Upstarts
Puma on Thursday announced that former Adidas’s sales head Arthur Hoeld will replace its chief executive Arne Freundt in a move described as "differing views on strategy execution." Hoeld, 55, will take over as Puma's new CEO on July 1 and joins the brand at a time when the German brand is navigating a landscape …