Dick’s Sporting Goods has filed a lawsuit against Paul Gaffney, its former chief technology officer who joined Kohl’s in September. The lawsuit charges Gaffney owes the company half of the $1.5 million sign-on bonus he received due to his resigning less than two years after being hired.
Author: SGB Media
Orangetheory Fitness Debuts New Documentary “Momentum Shift”
Orangetheory Fitness on October 21 debuted its new documentary, “Momentum Shift,” at the iconic DGA Theater in Los Angeles. The film spotlights Orangetheory Fitness Founder Ellen Latham, weaving her inspiring story with those of Coach Joe Oniwor and member Kristen Ritchotte to showcase how, with a shift in perspective and the power of believing in yourself, anyone can achieve More Life.
Foot Locker Foundation Holds 19th Annual On Our Feet Fundraising Gala
The Foot Locker Foundation joined together members of the footwear and athletic industries for its 19th annual “On Our Feet” fundraising gala. The event, which took place on Tuesday, October 22 at New York City’s Pier Sixty at Chelsea Piers, benefits educational and other youth initiatives supported by the Foot Locker Foundation.
Puma Lifts 2019 Outlook As Q3 Profit And Revenues Climb
Puma raised its earnings guidance for the year as strong third-quarter earnings and overall momentum is expected to offset the negative impact from new tariffs in the fourth quarter in the U.S. Q3 sales grew 17.0 percent on a currency-neutral basis, led by a 28.5 percent gain in the Asia/Pacific region and a 17.9 percent climb in the Americas region.
Marker Dalbello Volkl Appoint National Race Manager
Marker Dalbello Völkl (MDV) announced the promotion of Matt McKenna to the role of national race manager for the United States. In his expanded role, McKenna will continue to offer comprehensive service and support to all levels of alpine racing in New England.
Asics Takes Equity Stake In Dreamers Fund
Asics Corp. announced that its investment subsidiary Asics Ventures Corporation took an equity stake in Dreamers Fund, which invests primarily in early-stage startups in the U.S. Asics Ventures will be a limited partner in the fund.
International Sales Fueling Skechers’ Growth
An increased emphasis on international markets, especially Mexico and China, helped Skechers USA Inc. post record revenue in the third quarter, though a heightened global focus also took a toll on earnings. The company’s international sales increased 21.9 percent, or 25.7 percent on a constant currency basis, accounting for 58.8 percent of sales—the highest in the company’s 20 years of operation.
Retail Sales Boost Rocky Brands’ Gross Margins In Q3
Rocky Brands Inc. on Wednesday announced net sales for its third quarter ended September 30 increased 2 percent to $67.2 million but missed analysts’ estimates by $1 million. Retail sales increased 21.8 percent to $14.5 million, boosting gross margin 320 basis points.
Bauer Hockey Reaches Settlement In Skate Steel Lawsuit
Hockey equipment manufacturer Bauer Hockey announced Wednesday an agreement with STEP Skating to resolve the ongoing dispute regarding STEP Skating’s sale and manufacture of various models of replacement blades for the Bauer Tuuk Lightspeed Edge blade holder.
Sportfishing Industry Supports Introduction Of Sport Fish Restoration Program Reauthorization
The American Sportfishing Association (ASA) expressed its strong support for bipartisan legislation to reauthorize the Sport Fish Restoration and Boating Trust Fund (SFRBTF), which was introduced Wednesday in the U.S. House of Representatives.
OluKai Launches Two New Retail Stores
Footwear brand OluKai on Wednesday announced the opening of the first two company-owned retail locations in the Hawaiian Islands. OluKai opened at Whalers Village on the Island of Maui, as well as at Hilton Hawaiian Village on Oʻahu.
REI To Close On Black Friday For Fifth Straight Year
For the fifth time this Black Friday, REI Co-op will close all its stores, process no online payments and pay all 13,000 employees to #OptOutside with friends and family. But this year, under the leadership of a new CEO and facing a global environmental crisis, the co-op is going a step further: asking its 13,000 employees and 18 million members to join in the fight for life outdoors – and life on this planet.
Foot Locker To Open ‘Rivals Café’ Restaurant Pop-Up Inside Los Angeles Flagship
To celebrate the launch of the Jordan Rivals footwear and apparel collection, Foot Locker has put its own twist on rivalries by opening a pop-up restaurant inside its LA flagship at Hollywood & Highland.
Schuylkill Valley Sports Visits Congress To Support PHIT Act
Jerry Williams, Schuylkill Valley Sports President who serves on the board of the National Sporting Goods Association, recently visited Congress to lobby on behalf of the PHIT (Personal Health Investment Today) Act. In a statement, SVS said it continues to support this bipartisan piece of legislation.
Grassroots Outdoor Alliance Launches New Support Tools Ahead Of November Show
Grassroots Outdoor Alliance, the national organization dedicated to the health and growth of specialty outdoor retail, is launching new tools and services to support growing momentum for the changeover to digital workbooks.
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