Dorel Industries Inc. reported operating profits nearly tripled at its Q2 segment in the second quarter as sales rose 18.5 percent. The segment includes Cannondale, Schwinn, GT, Mongoose, Caloi and IronHorse. Sales were limited by a lack of supply of certain models despite Asian suppliers re-opening in February.
Author: SGB Media
Clarus’ Q2 Sales Slide 36 Percent
Clarus Corp., the parent of Black Diamond and Sierra Bullets, reported a modest net loss in the second quarter ended June 30 as sales fell 36.2 percent due to store closures. Sales trends in both brands have continued to improve since the close of the quarter as stores have reopened.
Nautilus’ Q2 Revenues Skyrocket 94 Percent
Nautilus Inc. reported sales grew 93.5 percent in the first quarter, driven primarily by strong demand for cardio and strength products, particularly our connected-fitness bikes, Max Trainer and treadmills, as well as sizeable backlog orders. Strong customer preference for its Bowflex and Schwinn products drove record-setting traffic depleting its entire stock of consumer products
TruFood Manufacturing Acquires Simply Natural Foods
TruFood Manufacturing, the maker of branded and private-label nutrition bars, protein bars, chocolate molded products, and baked goods, has acquired Simply Natural Foods, co-manufacturer of nutrition and better-for-you chocolate and bar brands for CPG companies as well as private label customers.
FortNine Secures Equity Investment
Novacap, one of Canada’s leading private equity firms, announced that it has acquired an interest in FortNine, a leading e-commerce platform for motorcycle, dirt bike, ATV, snowmobile and other powersports gear, accessories and parts in Canada.
NBA Names CEO Of NBA Africa
The National Basketball Association (NBA) today named Victor Williams CEO of NBA Africa effective August 17, 2020. His appointment was announced by NBA Commissioner Adam Silver.
Swiss Running Brand ‘On’ Announces First Professional Run Club
On, the Swiss running footwear brand, announced the debut of its first professional run crew, the On Athletics Club (OAC). Coached by Dathan Ritzenhein. The inaugural roster includes Joe Klecker, Alicia Monson, Leah Falland (O’Connor), Emily Oren, Alicja Konieczek, Carlos Villarreal, Oliver Hoare, and George Beamish.
CFDA Promotes CaSandra Diggs To President
The Council of Fashion Designers of America (CFDA) has promoted CaSandra Diggs to president of the organization.
Tasc Performance Appoints EVP Of Sales/Brand Development
Tasc Performance appointed Dave Leveille as EVP of sales/brand development. He was most recently president of the Lanier Sportswear division at Oxford Industries.
The Vitamin Shoppe Appoints EVP, Chief Merchandising And Marketing Officer
The Vitamin Shoppe, the specialty retailer of nutritional products, appointed Muriel F. Gonzalez as executive vice president, chief merchandising and marketing officer.
NSSF Statement On NYAG’s Intent To Dissolve The NRA
NSSF, the trade association for the firearm industry, said in a statement that it is “troubled by the politically-driven decision of New York Attorney General Letitia James to seek to dissolve the National Rifle Association, America’s oldest civil rights organization.”
Johnny Morris Buys Dogpatch USA, Plans Nature-Based Attraction
Dogpatch USA, a derelict theme park in northern Arkansas, has been bought by Bass Pro Shops founder and conservationist, Johnny Morris.
Amazon Exploring Turning Penney, Sears Stores Into Fulfillment Centers
Amazon is reportedly in talks with Simon Property Group to convert some vacant Sears and J.C. Penney locations into Amazon fulfillment centers, according to a report from the Wall Street Journal.
Foot Locker Sees 18 Percent Q2 Same-Store Gain
Foot Locker Inc. reported same-store sales jumped approximately 18 percent for the second quarter. Adjusted earnings are expected to be up about 24 percent but reported earnings are expected to be down due to charges to cover the wind-down of Runners Point, an Eastbay restructuring, and costs related to the national protests over race.
Athleta Appoints Interim CMO
Athleta appointed Tom Herbst, formerly at The North Face, as interim chief marketing officer.
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal