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.
Author: SGB Media
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 […]
Military Sales A Mixed Bag For Rocky Brands In 2019
Military sales boosted Rocky Brands Inc.’s second-quarter revenue thanks to a timely purchase agreement from the Defense Logistics Agency and some accelerated shipments that were pulled forward because of a Department of Defense contract ending early. But while both of those events helped the company post a revenue beat for Q2, the military segment could be a drag on third-quarter performance before picking up again, executives said.
The Conservation Alliance Highlights Four Campaigns
The Conservation Alliance has identified four campaigns for heightened attention during the current Congressional session. The four priorities would protect and defend wild places in Alaska, Montana, Utah and Colorado.
NGA Launches Outdoor Recreation Learning Network
The National Governors Association (NGA) on Wednesday announced the launch of the Outdoor Recreation Learning Network to help governors and their staffs leverage their unique natural, cultural and historical resources to advance economic, workforce, health and environmental benefits.
Brunswick’s Q2 Sales Improve 3.1 Percent On Adjusted Basis
Brunswick Corp., in its first report since spinning off its fitness segment, reported consolidated net sales of $1.16 billion, up from $1.15 billion a year earlier.
Report: Nike Exploring Sale Of Hurley
Nike Inc. is exploring the sale of Hurley International, the surf brand acquired in 2002, according to a report from Reuters. The move follows prolonged weakness in the overall action sports market.
Vista Outdoor’s Bike Protection Unit Undergoes Layoffs
Vista Outdoor has laid off 14 employees from its Bell, Giro and Blackburn headquarters in Scotts Valley, CA, Bicycle Retailer reported.
Chattanooga’s Echelon Fitness Secures Investment
Echelon Fitness, a specialist in indoor cycling technology, received an investment from North Castle Partners. The growth capital infusion from North Castle Partners will bring Echelon’s total valuation to over $100 million.
Topgolf To Open Locations in Lake Mary And St. Petersburg
Topgolf Entertainment Group will continue expansion in Florida with the announcement of two new venues in Lake Mary and St. Petersburg.
Checking In On VF Corp.’s Denver Relocation
While VF Corp. executives spent most of Wednesday morning’s earnings call discussing the company’s impressive first quarter, including standout performances from Vans and The North Face, recent transformation efforts were also on the agenda. And now that the spinoff of Kontoor Brands is complete, VF’s focus is squarely on its ongoing and massive relocation to Denver.
Balanced Growth Leads Rocky Brands To Q2 Beat
Rocky Brands Inc. on Wednesday announced net income of $3.2 million for its second quarter ended June 30, up from $2.6 million, while diluted earnings per share increased 20 percent to 42 cents a share, topping analysts’ expectations by 6 cents. Q2 revenue of $62 million was up 6.4 percent from $58.2 million in the second quarter of 2018 and ahead of Wall Street’s estimates by $1.6 million.
Black Diamond To Lay Off 70, Shift Some Manufacturing Overseas
Black Diamond Equipment, the flagship brand of the publicly traded holding company Clarus Corp., this week said it will lay off 70 manufacturing employees at BD’s Salt Lake City, UT, headquarters and move a portion of its production to Asia.
Moncler Sees Double-Digit Growth In First Half
Moncler S.P.A., the Italian-based based brand known for its down jackets and sportswear, reported earnings grew 16 percent in the first half as sales jumped 13 percent on a currency-neutral basis.