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.
Author: SGB Media
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.
Black Diamond Partners With Cirque Series, The Premier Mountain Running Series In The USA
Event Kicks Off June 29 In Brighton, UT
Black Diamond Partners With Cirque Series, The Premier Mountain Running Series In The USA
Black Diamond Equipment®, a global innovator in climbing, skiing, and mountain sports equipment, kicks off the first race of the 2019 Cirque Series as a title sponsor this weekend in Brighton, Utah. “Whether climbing, skiing or mountain running, Black Diamond aims to be synonymous with all challenging pursuits in the mountains,” says Jan-Willem Driessen, vice-president […]
Hurley Names New CEO
Nike Inc. appointed John Schweitzer as CEO and CFO of the Hurley brand, according to Shopeatsurf.com.
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