Brunswick Corporation announced that it has completed the previously announced sale of its Fitness business to KPS Capital Partners, LP, a private investment firm, in an all-cash transaction for approximately $490 million.
Author: SGB Media
Lids To Increase Focus On Fashion Caps
In an interview with the New York Post, Lids’ CEO Tom Ripley said the retailer plans to reduce its mix of caps tied to professional and collegiate teams to half of sales from 75 percent within two years in favor of fashionable headwear.
Golf Rounds Played Drops In May
According to Golf Datatech, golf rounds played in the U.S. were down 5.4 percent in May. Year to date, golf rounds played are down 1.3 percent.
Running Industry Association Announces KICK Show ‘Best in Show Awards’
The Running Industry Association (RIA) on Thursday announced the Best in Show Awards from the inaugural KICK Show hosted in Denver, CO, June 3-6.
Nike’s Earnings Slide In Fourth Quarter
Nike Inc. reported earnings fell 13.0 percent in the fourth quarter ended May 3 as increased marketing costs, currency headwinds and a higher tax rate offset improving sales and gross margins. Earnings were 4 cents below Wall Street’s average estimate. Revenues rose 4.0 percent, slightly ahead of targets, and would have been up 10 percent on a currency-neutral basis, led by China.
Spy Increases Emphasis On Canadian Optical Market And Takes Distribution In-House
Spy is increasing its focus on the optical market in Canada and shifting distribution efforts to its recently strengthened Canadian-based sales force.
NCTO Applauds Senate Passage Of National Defense Authorization Act
The National Council of Textile Organizations (NCTO) on Thursday commended the Senate for passing the National Defense Authorization Act of Fiscal Year 2020, which strengthens the Berry Amendment by setting compliance requirements to all Department of Defense acquisitions at or above $150,000.
Behind The Deal: Mustad Hooks A Keeper In TUF-Line
SGB goes behind the scenes of fishing hook manufacturer O. Mustad & Son’s recent acquisition of recreational fishing line brand TUF-Line, the roots of which trace back to the chance placement of two booths at a trade show. Company execs break down why the deal was such a catch for both parties.
Report: Belle International’s Sportswear Distribution Unit Exploring IPO
Belle International, the Chinese footwear retailer, filed plans on Thursday to spin off its sportswear business through an initial public offering in Hong Kong, according to Reuters.
BibRave and AfterShokz Create New Podcast Mini-Series
BibRave, the running industry specialist in grassroots digital marketing, and AfterShokz, known for its open-ear, bone conduction running headphones, recently created and launched Making It: An AfterShokz Podcast Series by BibRave. The series explores the pathways, trials, and tribulations of a variety of athletes as they try to “make it” at the highest levels of their sport.
Snowsports Industries America Testifies Against Tariffs
This week, Snowsports Industries America (SIA) testified at a hearing at the International Trade Commission in Washington, DC, urging the commission to reconsider their approach to the List 4 tariffs currently proposed on over $300 billion worth of Chinese goods.
Under Armour Partners With South County Trojans Elite Youth Football
The board of directors of South County Trojans Elite Youth Football, based in Mission Viejo, CA, announced that the organization has established a partnership with Under Armour. Members of all seven Trojans’ divisions will be outfitted with the brand’s Armourfuse jerseys, game pants and practice apparel.
Snow Time Addition Boosts Peak Resorts’ Q4 Performance
Peak Resorts Inc. on Thursday announced revenue for the fiscal 2019 fourth quarter increased 52.5 percent year-over-year to $85.5 million as the company benefited from the addition of Snow Time for the full quarter as well as organic revenue growth of roughly 11.1 percent over the prior-year period.
Biion Footwear To Sponsor Major Series Of Putting
Major Series of Putting (MSOP), an open tournament based in Las Vegas, announced Biion Footwear as the Official Shoe of the Tour and Championships for the 2019 season.
Nike Pulls Line Of Shoes From China After Designer Supports Hong Kong Protesters
Nike halted the sale of a limited-edition range of footwear in China after its Japanese designer showed support for Hong Kong protests in an Instagram post.
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