Foot Locker Inc. said its Board of Directors approved a $275 million capital expenditures program for 2020, compared to the approximately $187 million spent in 2019.
authorized two capital allocation initiatives which provide for both a meaningfully-enhanced dividend and sustained investment in the organic growth of its business.
Hydro Flask, the manufacturer of insulated stainless steel flasks and a Helen of Troy Limited (NASDAQ, HELE) company, today announced the global partnership with The World Surf League (WSL) as the official water bottle and drinkware of the WSL.
Wanda Sports Group Co., the China-based sports marketing and event promoter, is considering a sale of the Ironman triathlon business, according to a report from Bloomberg.
Adidas and Puma on Wednesday became the latest companies in the active lifestyle space to report that the coronavirus outbreak was taking its toll on results in 2020 while warning of further struggles if the epidemic isn’t soon contained. Read how the outbreak has been affecting Nike, VF, Columbia Sportswear, Under Armour, Canada Goose, Skechers and other industry players.
Adidas reported Wednesday that its business in the greater China area had dropped by about 85 percent year-on-year in the period since Chinese New Year on January 25.
Asolo has hired Bill Lockwood to assume the role of GM from Bruce Franks. Franks will work to transition Bill into the U.S. position through Outdoor Retailer Summer Market.
Puma reported earnings jumped 55.0 percent in the fourth quarter on a 30.6 percent revenue gain. All regions and all product divisions were up by double digits. Puma warned, however, that the coronavirus outbreak has been impacting 2020 results.
Garmin Ltd. reported fourth-quarter earnings that beat expectations and provided an upbeat outlook for 2020. All of Garmin’s business segments beat expectations, led by Fitness, up 34 percent; Marine and Aviation, both up 22 percent; and Outdoor, up 16 percent.
Golf rounds played for December 2019 rose 8.3 percent nationally compared to a year ago, according to Golf Datatech. For the year, gold rounds played grew 1.5 percent.
Puma added Kendrick Nunn and Derrick Jones Jr., who both play for the Miami Heat, to the brand’s roster of NBA ambassadors.
Losing weight is a top wellness goal for half of the U.S. adult population, according to a study from the NPD Group. Some wishing to lose weight will not follow a diet plan but instead carefully choose the foods they eat and about 25 percent of consumers will follow a diet plan.
Nike Inc. on Tuesday announced a series of senior leadership changes, starting with Heidi O’Neill, president of Nike Direct, becoming president of consumer and marketplace on April 1. She will succeed Elliott Hill, who is retiring from Nike.
The Raven Workshop, an outdoor- and action sports-focused rep agency, has added Judd Salvas to the team.
Hybrid Apparel on Tuesday announced it has entered into a multi-year licensing agreement with the Hurley brand to design, manufacture and sell women’s apparel for surf-brand giant, Hurley.
Designer Brands Inc. on Tuesday announced William “Bill” L. Jordan has been named chief growth officer of Designer Brands Inc., effective immediately.
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
