Asics reported sales in its North American region fell 11.9 percent in the fourth quarter and were down 17.2 percent in the year, but forecast a return to double-digit growth in 2021.
Author: SGB Media
Kathmandu First-Half Results Driven By Rip Curl
Kathmandu Group saw sales spike 12 percent during the first half of FY21 ended January 31, largely a the strong performance by Rip Curl.
Cybex To Pay $7.95 Million Civil Penalties For Flawed Equipment
The U.S. Consumer Product Safety Commission (CPSC) announced that Cybex International, Inc. has agreed to pay a $7.95 million civil penalty. The settlement resolves CPSC’s charges that Cybex failed to immediately report to CPSC, as required by law, that its Arm Curl and Smith Press Machines contained a defect or created an unreasonable risk of serious injury.
Aisle Talk Week Of February 8, 2021
The Top National stories and the Latest headlines across the Active Lifestyle Market for the week of February 8, 2021 covered in the SGB Updates and delivered to your inbox every business day.
CZG Acquires Colt Holding Company
Ceska Zbrojovka Group, CZG, said it signed a definitive agreement to acquire 100 percent of the outstanding equity interest in Colt Holding Company LLC, the parent company of U.S. firearms manufacturer, Colt’s Manufacturing Company LLC as well as its Canadian subsidiary, Colt Canada Corporation.
GNC Appoints New CEO
GNC announced that Josh Burris will assume the role of chief executive officer and Cam Lawrence will assume the role of chief financial officer, effective immediately.
Hibbett Sports Opens Store In Columbia
Hibbett Sports announced the opening of the newest Hibbett Sports location in Columbia, SC, located at; 2734 Decker Blvd in the Fashion Place Shopping Center.
Newell Brands’ Outdoor & Recreation Segment’s Q4 Sales Drop 7.4 Percent
Newell Brands reported the Outdoor & Recreation segment showed a small operating loss as core sales were down 7.4 percent.
RECALL: Rep Fitness Strap Safety Brackets
About 1,940 Strap Safety Brackets from Rep Fitness are being recalled.
Authentic Brands Group’s Debt Ratings Outlook Upgraded
S&P Global Ratings revised its debt ratings outlook on Authentic Brands Group (ABG) to stable from negative due to stronger-than-expected third-quarter results ended Sept. 30, 2020. The rating agency also expects sustained improvements over the next year.
Peloton Announces Closing of $1.0 Billion Notes Offering
Peloton Interactive Inc. announced that it has closed its offering of 0 percent convertible senior notes due 2026 for gross proceeds of $1.0 billion, including the full exercise of the $125.0 million option to purchase additional notes granted by Peloton to the initial purchasers.
Beachbody To Become Publicly Traded Company
Beachbody Company Group LLC said that it plans to become a public company by entering into a definitive three-way merger agreement with Forest Road Acquisition Corp. (FRX), a publicly-traded special purpose acquisition company, and Myx Fitness Holdings LLC.
Inside The Call: Callaway’s Brewer Outlines Path To Golf Recovery And 40 Percent Equipment Growth In Q4
Callaway Golf Company CEO Chip Brewer let out an enthusiastic “wow” when looking back at 2020 during a recent conference call with analysts to discuss 2020 fourth quarter and full-year results.
UFC Gym Appoints CEO
UFC Gym announced the promotion of Adam Sedlack to chief executive officer while the fitness center’s former CEO, Mark Mastrov, will move on as executive chairman.
Former Polar President Joins Wüsthof
Tom Fowler, the former president of Polar Electro USA, has joined Wüsthof’s as president of the cutlery maker’s Americas business unit.
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