Under Armour, Inc. announced the appointment of Kasey Jarvis as its new chief design officer. Jarvis joins Under Armour from Black Diamond Equipment.
Author: SGB Media
L.L. Bean Resumes Growth In 2018, Bonuses Return
L.L. Bean reported sales reached $1.6 billion in 2018, a 1 percent gain over 2017. Based on those results, the company’s directors approved a 5 percent annual pay bonus to about 5,400 year-round employees and an additional 2 percent enhancement to their 401(k) contributions.
361 Degrees Sees Flattish Growth In 2018
361 Degrees reported sales were up slightly in 2018 but profits were down due to margin pressures.
Brunswick Realigns, Streamlines Corporate Finance Organization
Brunswick Corporation announced planned changes to its corporate finance organization, as it realigns and repositions itself into a streamlined marine-focused organization in anticipation of the planned separation of its Fitness business, which will occur later this year.
JD Sports To Acquire Footasylum
JD Sports, the U.K.-based retailer, has agreed to buy Footasylum in a deal valued at £90.1 million ($119.6 million).
Despite Slight Rise in Overall Tennis Participation, Challenges Remain
The most recent tennis participation figures indicate an overall increase in the number of U.S. tennis players for 2018, up 0.9 percent to 17.84 million participants, according to the Tennis Industry Association (TIA). But a deeper dive into the numbers show continuing challenges facing tennis, and the sports industry overall.
Burris Company Appoints Sales Manager
Burris Company, Inc. the maker of optics under the Steiner and Burris brands, appointed Todd Fulton as the company’s newest sales manager.
RECALL: O’Brien Watersports Water Skis
About 3,560 units of Performer Pro Combo water skis from O’Brien Watersports are being recalled.
Amer To Sell Mavic To Regent
Amer Sports has entered in an exclusivity period with Regent, a U.S.-based global private equity firm, for the sale of the shares and related cycling business of Mavic S.A.S.
Zumiez Sees Localized Assortments Driving Momentum
Wrapping up its third year of merry holiday results, Zumiez Inc.’s earnings and same-store sales came in well above guidance in the fourth quarter. On a conference call with analysts, Rick Brooks, CEO, credited the chain’s focus on localized merchandise assortments for its recent hot streak.
Lacrosse Unlimited Re-Opens Original Location With New Look
Lacrosse Unlimited re-opened its original flagship store at Hauppauge, NY with a brand new look in a brand new location.
VF Corp Appoints Veronica Wu To Board
The board of directors of VF Corporation elected Silicon Valley venture capitalist Veronica Wu as a director, effective March 12, 2019.
Tilly’s Finds Booming Online Sales Offsetting Weak Mall Traffic
Tilly’s reported same-store sales leapt 6.4 percent in the fourth quarter, its strongest comp gain since Q311. The run-up was carried by a 49.6 percent hike in online sales, representing the action-sports chain’s strongest e-commerce comp result since Q410.
American Baitworks Acquires Southern Lure Company
American Baitworks Co. has acquired Southern Lure Company, one of the pioneering brands in the industry with more than 30 years of experience designing and developing frogs and other products for topwater fishing.
Court Rules Remington Can Be Sued Over Newtown Shooting
The Connecticut Supreme Court has reinstated a wrongful death lawsuit filed by the families of nine victims of the Sandy Hook Elementary School shooting against Remington Arms, the manufacturer of the rifle used in the shooting.
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