The Snowsports Merchandising Corporation (SMC), Sports Specialist Ltd. (SSL), and Nation’s Best Sports (NBS) announced plans join together to hold their Hardgoods Committee meetings in Park City, UT in late October.
Author: SGB Media
Cannondale Driving Rebound For Dorel Sports
Dorel Industries said its Dorel Sports’ segment showed some recovery in the first quarter. Growth at Cycling Sports Group (CSG), led by Cannondale, helped offset continued pressures at the mass channel. Said Martin Schwartz, Dorel’s CEO, “We’re excited about prospects with the Cannondale line demonstrating excellent momentum.”
ElliptiGO Announces New Operations, Sales Team Members
ElliptiGO Inc., the pioneer of stand-up cycling, announced the addition of two new team members at both their San Diego headquarters and in the field. Jessica DellaRossa has been hired as a sales operations specialist. Cindy Decker has been hired as a territory sales manager.
Mueller To Sponsor World Federation Of Athletic Training And Therapy
Mueller Sports Medicine has signed on as the Official Sponsor of The World Federation of Athletic Training and Therapy (WFATT). WFATT encourages the development and growth the profession globally.
Vicis Partners With Conference USA
Conference USA and Vicis, the maker of football helmets, announced a partnership to extend access to the Vicis Zero1 conference-wide and educate football players on the latest safety advancements in sports equipment.
Sustainable Apparel Coalition Launches Technology Venture Higg Co.
The Sustainable Apparel Coalition announced the launch of Higg Co., a public benefit company that will develop the technology that delivers the Higg Index. The Higg Index is a suite of sustainability assessment tools used globally by brands, retailers and manufacturers to measure the environmental and social performance of a company or product.
Fanatics Signs New York Mets’ Rookie Pete Alonso
Fanatics announced an exclusive multi-year partnership with MLB rookie sensation Pete Alonso, who will join its roster of athletes housed under the company’s memorabilia division, Fanatics Authentic.
Emerald Expositions Appoints New CEO
Emerald Expositions Events Inc. appointed Sally Shankland to the position of president and chief executive officer of Emerald. Phil Evans, Emerald’s interim president and chief executive officer, will continue to serve as the company’s chief financial officer.
Lululemon Strips Founder Chip Wilson Of Right To Appoint Board Member
Lululemon in a regulatory filing declared that founder Chip Wilson’s right to appoint a board director has been terminated.
Eddie Bauer Reaches $9.8M Settlement Over Data Breach
Eddie Bauer agreed to a settlement with Iowa-based Veridian Credit Union over a class action lawsuit related to a 2016 data breach, according to documents filed in the U.S. District Court for the Western District of Washington. The retailer admitted no wrongdoing in the filing.
Dorel Sports’ Profits Bounce Back In Q1
Dorel Industries reported its Dorel Sports’ segment posted an operating profit of $4.5 million in the first quarter, rebounding from a loss of $774,000 a year ago. The prior year’s first quarter included a $6.6 million impairment loss recorded on Toys “R” Us trade accounts receivable and a $1.5 million operating profit related to Toys“R”Us shipments prior to the U.S. bankruptcy.
RYU Apparel Reports 67 Percent Revenue Hike In 2018
RYU Apparel Inc. reported revenue for the year ended December 31 reached $5.05 million, 67 percent higher than revenue of $3.0 billion in 2017.
Yue Yuen’s Revenues Advance 3 Percent In April
Yue Yuen Industrial (Holdings) Limited reported revenues expanded 2.9 percent in April, to $877.9 million from $853.3 million.
Academy Sports Opens Store In Gastonia, NC
Academy Sports + Outdoors opened its first store in Gastonia, NC, located at 3580 E Franklin Blvd. This marks Academy’s 6th Charlotte metropolitan area store.
Short-Term Issues Force Callaway To Lower Jack Wolfskin Expectations
Market softness in the key markets of Central Europe and China along with foreign exchange headwinds prompted Callaway Golf Co. to lower its 2019 EBITDA expectations for Jack Wolfskin, the German-based outdoor apparel and gear brand that Callaway recently acquired.
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