Last November, Nautilus Inc. introduced its new digital platform, Max Intelligence, with hopes of driving stronger sales in the company’s direct segment, but slower-than-expected adoption rates contributed to a soft fourth quarter for the company. Nautilus on Monday reported net sales for Q4 of $115.4 million, a 9.7 percent decrease compared to the same quarter of 2017.
Author: SGB Media
Nike Signs 13-Year Old Female Soccer Phenom
Nike has signed a multiyear endorsement deal with Olivia Moultrie, the 13-year-old soccer standout, according to The New York Times.
Under Armour Lays Off Warehouse Workers
Under Armour has laid off 111 employees at a distribution center in Rialto, CA, according to the San Bernardino County Sun.
Big 5 Logs Loss In Q4, Sees Improvement In Q1
Big 5 Sporting Goods Corp. reported a loss of $5.1 million, or 24 cents a share, due to asset impairment and contract termination charges and lower margins. Same-store sales improved 1.1 percent in the period. The west-coast sporting goods chain predicted a profit against a loss in the first quarter.
Fox Factory Revenue Jumps 30 Percent In Q4
Fox Factory Holding Corp. on Tuesday reported sales for the fourth quarter increased 29.5 percent to $156.8 million compared to $121.1 million in the same period last fiscal year. Net income was $20.1 million, or 52 cents of earnings per diluted share, compared to $2.8 million, or 7 cents of earnings per diluted share in the same period a year ago
Mike Dennison To Replace Larry Enterline As Fox Factory CEO
Fox Factory Holding Corp. on Tuesday announced Larry Enterline will retire from the role of CEO after eight years with the company, and become executive chairman of the board, on June 29. Concurrently, Mike Dennison, Fox’s president, powered vehicles group, will become CEO.
RECALL: JumpSport Mini Trampolines
JumpSport has recalled its half-fold fitness mini-trampolines because the folding trampoline’s frame can forcefully hit the user, posing an injury hazard.
Baseball HOF Signs Agreement With Learfield Licensing Partners Specialty Brands
The National Baseball Hall of Fame and Museum announced today it has selected Learfield Licensing Partners Specialty Brands to be the exclusive licensing representative for its organization and members.
Stuart Snow To Retire From Nation’s Best Sports
Stuart Snow, director of recruiting and member services for Nation’s Best Sports (NBS), announced his retirement early this month after celebrating his 20-year anniversary.
Easton Partners With Universities For College Baseball
Easton said it has formed partnerships with over 89 college baseball programs across the country, including 50 Division I NCAA and 11 programs in the pre-season top 25 rankings.
NSGA’s Larry Weindruch Retires, Celebrating 33 Years Of Service
The National Sporting Goods Association (NSGA) announced that Director of Public Affairs Larry Weindruch, CAE is retiring effective March 1.
NSSF Partners To Launch Gun Safety Videos For Children
The National Shooting Sports Foundation (NSSF) has partnered with the National Crime Prevention Council (NCPC) to produce two new firearms safety videos starring McGruff The Crime Dog and his nephew Scruff to help teach young children how to react should they see an unsecured firearm.
Cascade Maverik Renews University Sponsorships
Cascade Maverik Lacrosse, the maker of head protection and lacrosse equipment, renewed long-term partnerships with Penn State University, University of Michigan, Villanova University and Fairfield University men’s lacrosse teams.
Anta Sports Delivers Another Year Of Double-Digit Growth
Anta Sports, which has reached an agreement to acquire Amer Sports, reported another year of significant sales and earnings gains in 2018. Sales jumped 44.4 percent and earnings climbed 42.9 percent.
Macy’s Earnings Top Guidance, To Cut 100 Jobs In Restructuring
Macy’s Inc. reported earnings on an adjusted basis dipped slightly in the fourth quarter but came ahead of updated guidance provided in early January. Macy’s also announced a restructuring plan that will will but 100 vice-president level or above roles, “to increase the speed of decision making.”
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