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Many believe a recent turnaround in Reebok's fortunes has a lot to do with its association with CrossFit. Reebok has been owned for almost 10 years by the German athletic giant Adidas, but there have been persistent rumors Reebok would be sold. Adidas' CEO recently quashed such rumors of a sale just as Reebok reported strong sales for the first quarter of 2015. I'd like to see Reebok sold, says Glassman.
PetSmartâs new owners did not announce any changes other than the departure of President and CEO David K. Lenhardt. His replacement is Michael J. Massey, the former CEO of Collective Brands Inc., which owns the Payless ShoeSource chain. âMy 15-year journey with PetSmart is filled with wonderful memories of our passionate associates who represent the best and brightest in retail,â Lenhardt said in a statement released by PetSmart.