Under Armour Inc. reported an unexpected fourth-quarter loss and missed Wall Street estimates for its revenues. The company also warned of soft 2020 results and said it’s considering another massive restructuring initiative to rebalance its cost base.
Author: SGB Media
Peak Design Achieves B Corporation Certification
Peak Design, a leader in crowdfunding and manufacturer of everyday carry solutions, achieved Certified B Corporation (B Corp) status. The rigorous certification process verifies that Peak Design considers social and environmental impact in all business decisions, promotes consumer transparency and is accountable to employees and partners within their supply chain. Peak Design is committed to […]
Safilo Group Acquires Privé Revaux
Safilo Group announced the acquisition of a 61.34 percent equity interest in the Miami-based company Privé Revaux, which sells sunglasses and reading glasses co-branded through collaborations with the influential and famous.
TIA Partners With Association Management Company, Bostrom
The Tennis Industry Association (TIA) announce that as of February 8, 2020, Bostrom has been named TIA’s management company.
Michael Avenatti Won’t Testify At Nike-Extortion Trial
Michael Avenatti chose Monday not to take the stand in his own defense as the New York trial over his alleged extortion of Nike comes to a close.
Equinox Secures New Funding
Equinox Holdings Inc., the luxury gym operator and majority owner of SoulCycle, has secured new funding from tech-focused private equity firm Silver Lake. The funds will be used to build Equinox’s digital platform and add as many as 50 locations annually,
Jack Wolfskin Addition Fuels Callaway’s Record Quarter For Revenue
Callaway Golf Co. on Monday reported adjusted earnings per share loss for the fiscal fourth quarter of (26) cents, missing Wall Street’s targets by 3 cents. Q4 revenue $312 million, a new record for the company, reflects the acquisition of Jack Wolfskin in January 2019, which contributed $81 million in net sales during the period.
Yeti Named Official Jersey Partner Of Austin FC
Yeti has signed on to become the Official Jersey Partner and newest Founding Partner of Austin FC, the 27th club in Major League Soccer (MLS). The deal marks Yeti’s formal entry into both professional soccer and eSports.
Asics Recognized For Climate Change Actions
Asics Corp. has been named to the Supplier Engagement Leaderboard by global environmental impact non-profit CDP in recognition of its efforts to engage with its suppliers on climate change.
Astral Expands Sales Team In The Great Lakes
Astral, a manufacturer of PFDs and footwear, announced the addition of Daniel Miller and Joe Giordano of Specialty Sport Reps to its sales team. Miller and Giordano will represent the brand across the Great Lakes region covering Ohio, Indiana, Lower Michigan, and Kentucky. Both veterans of the outdoor industry, Miller and Giordano bring a collection […]
Timberland Employee Murdered At Brand’s NH Headquarters
Authorities in New Hampshire have arrested and charged a man with murdering an employee at Timberland’s headquarters in Stratham, NH, according to a report from NBC.
T-H Marine Acquires Maurice Sporting Goods Marine Division
T-H Marine Supplies, LLC of Huntsville, AL, announced that it has acquired First Source. First Source was the marine accessory division of Maurice Sporting Goods, one of the largest sporting goods distributors in the U.S.
Allbirds Appoints Nancy Green To Board Of Directors
Allbirds, the footwear start-up, announced that it has appointed Nancy Green, president and chief creative officer of Old Navy, to its Board of Directors.
Riddell Sells Kollege Town Sports Apparel Division to BSN Sports
Riddell announced the divestiture and sale of certain assets associated with Kollege Town Sports, a division of the company’s apparel business, to BSN Sports. The acquisition will include approximately 50 sales representatives, sales management and customer service professionals, and Kollege Town’s fanaKTive graphic capabilities.
Canada Goose CEO Dani Reiss Outlines Coronavirus Concerns
On Canada Goose Holdings Inc.’s fiscal third-quarter earnings call, CEO Dani Reiss addressed the disruption that the coronavirus is having on supply chain, sourcing and sales in China. The near-term impact resulted in reduced guidance for the current fiscal quarter and year, but company leaders and analysts believe Canada Goose is positioned to weather the storm.
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