Author: SGB Media

$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.

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.

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.

1 … 1,419 1,420 1,421 1,422 1,423 … 1,453