As of July this year, there have only been a total number of seven female CEOs in the entire sportswear brand industry, according to Challenger, Gray & Christmas. Compared to 2014 – a total of 12 female CEOs – there hasn’t been much improvement overall. The Director of Public Relations at Challenger, Gray & Christmas Colleen Madden Blumenfeld told Retail Dive in an email:
“It is a slow climb. Movements like MeToo that shed light on the disparity are helping to move boards and leadership to start promoting more women, but it is not at the rate that will bring equality quickly.”
With reference to Retail Dive‘s findings, they discovered that a combined total of 23 percent of top executives are women and 27 percent of board members are women for the top five sportswear brands – including Lululemon, Nike, adidas, Under Armour and Skechers. adidas and Lululemon reportedly had the highest number of female board members while Nike and Lululemon had the largest number of female executives.
Among the five labels, Lululemon’s board and executive member list is the only one where women account for half of the teams. The company states that half of its women employees are at senior management level while Skechers is currently ranked the lowest in terms of its number of women on its board of directors.
For more details about the report, visit Retail Dive‘s website.
- Retail Dive