Adidas warned investors it will miss its 2019 growth target because supply chain bottlenecks in the first half of the year are making it difficult to meet demand. The growth is particularly expected to slow in North America, where it has doubled its business in the last three years to take market share from rival Nike
Author: SGB Media
OC Sports Appoints New National Sales Manager
OC Sports, the headwear specialist and holder of the exclusive replica license with MLB and MiLB. promoted Brad Reagan to national sales manager following Joe Rubertino’s retirement.
Adidas, USA Volleyball Launch 2019 Adidas Volleyball Experience
Adidas, USA Volleyball and Next College Student Athlete (NCSA) announced the first-ever Adidas Volleyball Experience. The event is free and open to current high school women’s volleyball players.
Safilo’s Losses Narrow In 2018
Safilo Group S.p.A., the parent of the Smith eyewear brand, reported an improved loss on an adjusted basis in 2018 due to cost savings. Sales were down 4.0 percent on a currency-neutral basis.
The North Face To Sponsor Mountainfilm
Mountainfilm, the documentary film festival held every Memorial Day weekend in Telluride, CO, announced The North Face as its new presenting sponsor.
RECALL: Igloo Marine Elite Coolers
Igloo is voluntarily recalling some of its Marine Elite coolers. The company said it’s possible that the stainless-steel latch could, inadvertently close where a person could potentially become locked inside.
Calgary Secures Exclusive Canadian Rights To Host X Games
Calgary has secured the exclusive Canadian rights to host X Games for a minimum three-year run. Past host cities include Aspen, Shanghai, Oslo and Sydney.
CorePower Yoga To Be Sold To TSG Consumer Partners
L Catterton, the consumer-focused private equity firm, announced that it has entered into a definitive agreement to sell CorePower Yoga, the fastest growing and largest yoga fitness studio operator in the U.S., to TSG Consumer Partners.
Thru-Hike Syndicate Kicks Off Sixth Season
Vasque announced its roster of ambassadors for the Thru-Hike Syndicate’s 2019 season. The Thru-Hike Syndicate is supported by Vasque, Osprey Packs, NEMO Equipment, Leki Trekking Poles and Darn Tough Vermont.
Planet Fitness Sponsors New CBS Primetime Show, “Million Dollar Mile”
Planet Fitness Inc. announced its sponsorship of the new physical competition series, Million Dollar Mile, as The Official Workout Partner. Former NFL quarterback and Heisman Trophy winner Tim Tebow hosts with Matt “Money” Smith and ESPN reporter Maria Taylor acting as show commentators.
Adidas Sees Supply Chain Constraints Slowing Growth In First Half
Adidas said it expects supply-chain bottlenecks in North America to slow its growth to between 3 percent and 4 percent in the first half of 2019 before accelerating in the second half. The company still expects growth between 5 percent and 8 percent on a currency-neutral basis overall in 2019, including high-single-digit growth in North America.
CCM Hockey Hires CMO And CFO
CCM Hockey has hired Caroline Losson as its new chief marketing officer and Marrouane Nabih as its new CFO.
Skechers Pier to Pier Friendship Walk Celebrates 10 Years
The Skechers Foundation distributed checks for its largest-ever donations to children with special needs and education after a record-setting year at its 10th annual Skechers Pier to Pier Friendship Walk, sponsored by Nickelodeon and NBC4 Southern California.
Conversation With Callaway Golf CEO Chip Brewer
Chip Brewer, President and CEO, Callaway Golf Co., spoke with SGB Media recently about the still-developing plans to grow the company’s newest asset—outdoor apparel brand Jack Wolfskin—as well as his expectations for the golf industry in 2019.
Decathlon To Open Doors To First Full-Scale U.S. Store In California
Decathlon, a globally recognized sporting goods retail brand, announced Tuesday that its first U.S.-based major brick-and-mortar store will hold its grand opening at its new Bay Area location on April 12.
SGB Today
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