SGB Media | Page 1384 | SGB Media Online

Denver To Host First-Ever UIAA Ice Climbing World Cup Finals

January 31, 2019 SGB Update

For the first time ever in North America, the world’s top men and women ice climbers will compete in the UIAA Ice Climbing World Cup Finals. From February 22-24, in downtown Denver’s Civic Center Park, onlookers can watch elite athletes compete for world titles in multiple categories.

$8 Million Won By Top 10 Mobile eSports Athletes In 2018

January 31, 2019 SGB Update

Skillz, the worldwide leader in mobile eSports, today announced the top mobile eSports athletes of 2018. The top 10 competitors won more than $8 million in combined prizes, with 7 of the 10 rankings claimed by women. The prizes earned by this year’s winners were three times larger than that earned by 2017’s top players.

FabFitFun Raises $80 Million In Funding Round

January 31, 2019 SGB Update

FabFitFun, the lifestyle membership and subscription commerce company, announced that it has raised $80 million in Series A funding led by Kleiner Perkins, with participation from existing investors NEA and Upfront Ventures.

Timberland Names Chris McGrath Vice President, Global Footwear Design

January 31, 2019 SGB Update

Timberland announced that industry veteran Chris McGrath has been named vice president, global footwear design. In this role, McGrath will lead the brand’s footwear design strategy across men’s, women’s and kids’, working closely with recently-appointed creative director Christopher Raeburn.

Descente’s Profits Slide In Nine Months

January 31, 2019 SGB Update

Descente Ltd. reported net earnings slid 26.2 percent in the nine months through December 31 as sales increased 2.0 percent.

Brunswick Corp’s Earnings Climb In Q4

January 31, 2019 SGB Update

Brunswick Corp. reported earnings rose 32 percent on an adjusted basis in the fourth quarter. Sales grew 5.7 percent as a 18.6 percent gain in the marine segment offset a 5.6 percent decline in the fitness segment.

Moody’s Lowers Academy’s Debt Ratings Again

January 31, 2019 SGB Update

Moody’s Investors Service downgraded Academy’s debt for the second time since September 2018. The downgrades reflect Moody’s expectations for continued weak earnings and credit metrics in the near term, driven by a challenging operating environment, the transition of the company’s merchandising assortment, margin pressure from the mix shift to e-commerce and investments needed to improve the store and digital experience.

Nike Responds To Controversy Over Allah-Like Design

January 31, 2019 SGB Update

In response to an online petition demanding Nike recall many of its Air Max 270 models because a script logo on the sole resembles the word Allah in Arabic, Nike said in a statement that it “respects all religions” and any resemblance to the word is accidental.

SHOT Show Review: Political Headwinds Cloud Future For Firearms Industry

January 30, 2019 SGB Executive

The 41st SHOT Show saw a record number of exhibitors amid signs in recent quarters that the firearms industry may finally be stabilizing. But the industry remains only cautiously optimistic that growth can resume in 2019 with political battles likely to intensify heading into the 2020 presidential election.

Unifi Announces Recipients Of 2nd Annual Repreve Champions Of Sustainability Awards

January 30, 2019 SGB Update

Unifi Inc. announced its second annual Champions of Sustainability awards.This year, a total of 68 companies are being recognized as Champions of Sustainability – a 36 percent increase from last year’s total. With their help, Unifi said it has now recycled more than 14 billion bottles that are used to make its Repreve performance fiber.

Ladder Appoints Six Seasoned Executives To Lead the Next Wave Of Wellness

January 30, 2019 SGB Update

Ladder, the digital marketplace for health and wellness coaching, announced the addition of six seasoned business and technical professionals to its leadership.

Safilo’s Sales Rise 1.3 Percent In Q4

January 30, 2019 SGB Update

Safilo Group S.p.A. reported preliminary net sales in the fourth quarter equaled €249.1 million, up 1.3 percent at constant exchange rates and 1.8 percent at current exchange rates compared to the same period of 2017. The performance of the wholesale business was negative by 4.1 percent at constant exchange rates.