Top headlines from the active lifestyle industry you may have missed this week, including Zion Williamson, the top pick in the 2019 NBA Draft, signing a deal with the Jordan Brand. “He’s an essential part of the new talent that will help lead the brand into the future,” said His Airness, Michael Jordan.
Author: SGB Media
New Balance Makes Two Major Climate Commitments
New Balance Athletics, Inc. announced it has made two major climate commitments: joining RE100 and signing the UN Fashion Industry Charter for Climate Action. The announcement comes as the company marks a key milestone by generating a total of more than one million kilowatt hours in solar energy at its Flimby, England footwear manufacturing facility.
Former K2 Sports CEO Becomes Interim CEO Of CannTrust Holdings
CannTrust Holdings Inc., a licensed producer of medical and recreational cannabis in Canada, has appointed Robert Marcovitch to the role of interim CEO. Marcovitch was most recently the president and CEO of K2 Sports.
Former Adidas America’s CEO To Lead Taco Bell
Yum! Brands Inc. announced that Mark King, former president of Adidas Group North America, will join the company as Taco Bell Division chief executive officer. Said King in a statement, “The courage, creativity, culture and potential of Taco Bell make it the only brand I would become part of at this point in my career.”
Strava Welcomes New CFO And CTO
Strava, the activity tracking app, hired Christine Park as chief financial officer, and Yandong Liu as chief technology officer.
Athletic Propulsion Labs To Open First Store
Athletic Propulsion Labs (APL), the Los Angeles-based sneaker brand, is opening its first store at the Grove in Los Angeles.
Li Ning Signs Potential 2020 NBA Lottery Pick To Endorsement Deal
Li Ning, the Chinese sporting goods giant, signed RJ Hampton, a projected lottery selection in the 2020 NBA Draft, to an endorsement deal, according to ESPN. The retired Dwyane Wade in 2018 inked a lifetime deal with the brand. C.J. McCollum is Li Ning’s most prominent active player.
Columbia Sportswear Builds On Momentum With Strong Q2
Columbia Sportswear Co. on Thursday reported record revenue of $526.2 million for the second quarter ended June 30, a 9 percent increase (11 percent in constant currency) from the same period a year ago and beating Wall Street’s estimates by $19 million. Earnings per diluted share increased 143 percent to a record 34 cents, compared to second quarter 2018 earnings per diluted share of 14 cents and crushing estimates by 33 cents.
Deckers Brands Q1 Powered By Big Gains At Hoka One One
Deckers Brands raised its outlook for the year after reporting a slightly lower year-over-year loss in the first quarter ended June 30 on a 10.5 percent revenue gain. Hoka led the way, with a 67 percent sales hike. Ugg’s sales grew 1.5 percent.
Sports Team Funding App FlipGive Secures Investors
Toronto-based sports team funding app FlipGive has secured $5 million in a Series A financing that will help FlipGive continue to accelerate how youth sports, member organizations and clubs fundraise.
U.S. Trade Groups Urge Congress To Approve USMCA
The American Apparel & Footwear Association, Outdoor Industry Association and National Retail Federation joined with more than 600 other trade organizations in a letter to Congress supporting approval of the U.S. Mexico Canada Agreement (USMCA).
Kitsbow Appoints VP Of Product And Design
Kitsbow, maker of premium cycling clothing and accessories, announced the addition of Jim Gingrich to the Kitsbow board of directors as well as the promotion of Tim Clark to vice president of product and design.
RECALL: Cannondale CAADX Cyclocross Bicycles
About 9,700 Cannondale CAADX Cyclocross Bicycles sold in the U.S. are being recalled, according to a press release from the U.S. Consumer Product Safety Commission.
SFIA Releases First Batch Of Single Sport & Fitness Activity Reports For 2019
The Sports & Fitness Industry Association (SFIA) on Thursday announced it is releasing a total of 90 Single Sport & Fitness Reports. The first collection of reports is now available, which includes reports for 52 different activities.
Feiyue Sneakers … Flying Forward
For more than 70 years the Shalin Monks of Shanghai have worn Feiyue sneakers while demonstrating their skills outside their training temple, shown below. The sneakers are lightweight, supportive and cheap and have become popular in Beijing with both the Gen Z consumer for their street cred as well and the older consumer who remembers […]
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