The coronavirus, or COVID-19, is wreaking havoc across the global supply chain. SGB Executive’s latest report looks at the outbreak’s economic impact on the active lifestyle marketplace, including how companies, consumers and even trade show operators are reacting.
Author: SGB Media
Decathlon’s Sales Grew 9 Percent in 2019
Decathlon, the French-sporting goods chan, reported sales rose 9 percent in 2019, to over €12.4 billion ($13.78 bn).
Kohl’s Q4 Earnings Top Wall Street Targets
Kohl’s Inc. reported a small decline in earnings in the fourth quarter on flat same-store sales but both EPS and sales exceeded Wall Street’s targets. Michelle Gass, Kohl’s CEO, said, “We are encouraged by the acceleration of traffic and new customer acquisition in our stores and online driven by the unprecedented level of new brands and partnerships we launched during the year.”
OBIT: Baden Sports’ Michael J. Schindler
Baden Sports confirmed the passing of longtime CEO and president, Michael J. Schindler.
Running Industry Association Announces Brands For 2020 Kick Show
More than two dozen of the industry’s top specialty run brands will present their products at The Running Industry Association’s (RIA) second annual Kick Show—also known as Kick Show 2.0—in Denver, CO, this May.
Astral Names New Rep For Mid-Atlantic
Astral, a manufacturer PFDs and footwear, announced that Tad Fox, of DIY Outdoor, will join its sales team. Fox will represent the brand across the Mid-Atlantic region covering New York, New Jersey, Maryland, Pennsylvania, Delaware, and Washington, D.C.
Carrie Underwood Launches Fit52 Fitness App
Carrie Underwood, who launched the CALIA By Carrie Underwood line of athleisure wear five years ago at Dick’s Sporting Goods, announced the launch of her new fitness app, fit52.
Topgolf To Open In Wichita
Topgolf Entertainment Group is planning to open a location in Wichita, KS. Topgolf Wichita would be the brand’s second venue in Kansas and feature an open-concept, single-floor design with community-focused entertainment.
Dick’s Sporting Goods To Open Four Stores In March
Dick’s Sporting Goods set plans to open two Dick’s Sporting Goods locations in Chattanooga, TN; and Hagerstown, MD; as well as two Golf Galaxy locations in Warwick, RI; and Berwyn, PA.
Callaway Golf Names Joe Flannery EVP, Apparel And Soft Goods
Callaway Golf Co. announced Monday that Joe B. Flannery has joined the company as executive vice president, apparel and soft goods. He was most recently senior vice president and general manager of Newell Brands’ technical apparel division.
SFIA Report: Sports And Fitness Market Up 3.9 Percent
The American sports and fitness product industry, including footwear, apparel and equipment, grew by 3.9 percent in 2019, according to the 2020 Manufacturers’ Sales by Category Report released Monday by the Sports & Fitness Industry Association (SFIA).
ASB Sports Acquires Universal Athletic Team Business
Trivest Partners announced that its affiliate, ASB Sports, has acquired the team sports division of Universal Athletic, which is headquartered in Bozeman, MT.
February M&A Roundup: BSN Sports, CGPR And More
BSN Sports dominated last month’s M&A activity. The Dallas, TX-based team sports apparel and equipment distributor announced a trio of acquisitions in February, bringing the company’s 2020 total to four. Also, the boutique outdoor and active lifestyle public relations firm CGPR found a new home with a larger agency in a deal that provides synergies for both.
Nike And Columbia Sportswear Take Emergency Coronavirus Precautions
Nike closed its Oregon headquarters over the weekend and is closing European headquarters in Amsterdam on Monday and Tuesday for deep cleaning in response to the coronavirus outbreak. Columbia Sportswear also over the weekend thoroughly disinfected its offices in Portland, OR.
Shaun White Ends Olympic Skateboarding Bid
Shaun White, the three-time snowboarding champion, said he won’t try to qualify for the U.S. skateboarding team in that sport’s Olympic debut later this year in Tokyo.
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