Injinji expanded, the sock specialist, expanded its e-commerce offering in North America to include a Canadian shipping option.
Author: SGB Media
Under Armour Extends Partnership With Virginia Military Institute
Virginia Military Institute has extended its athletics apparel and footwear partnership with Under Armour. The agreement, which runs through 2022 with a two-year renewal option, continues the partnership that began in 2014.
Asics Appoints Director Of Run Specialty Sales
Asics North America appointed Kevin McHale as its new director of run specialty sales. In this role, McHale will manage the run specialty business. Asics also said it is unveiling a newly created Technical Representatives Program to provide rep coverage across the country.
Report: U.S. And China Trade Talks Making Significant Progress
The U.S. and China have made the most significant progress to date in their trade talks, outlining commitments in areas such as intellectual property rights, services, currency and agriculture barriers to trade, Reuters reported.
Gildan Activewear Preps For Next Big Private-Label Launch
Emboldened by two successful private-label launches last year, Gildan Activewear Inc. will ramp up that segment of its business as soon as next quarter when the company unveils an underwear line for a high-volume customer that many analysts believe is Walmart.
Point 3 Secures Investment From Baron Davis
Baron Davis, the former NBA star, recently made an investment in Point 3 Basketball, the specialist in basketball uniforms and socks, and has become its creative director.
Gildan Activewear’s Profits Jump In Q4
Gildan Activewear reported adjusted earnings rose 31.5 percent in the fourth quarter. Revenues jumped 13.6 percent, led by a 22.3 percent increase in activewear sales.
PVH To Acquire Australian Partner
PVH Corp. has entered into a definitive agreement to acquire Gazal Corporation Limited, its long term partner in Australia.
Garmin Steps Solidly Into Indoor Training Market With Tacx Acquisition
Shares of Garmin Ltd. jumped $12.09, or 17 percent, to $83.06 at market close Wednesday after the company earlier in the day reported fourth-quarter earnings well above Wall Street’s targets, driven in part by 25 percent growth in outdoor. But during the earnings call with analysts, it was Garmin’s recent acquisition of Tacx that caused the most excitement.
Sturm, Ruger & Co. Beats On EPS But Misses On Revenue
Sturm, Ruger & Co. Inc. reported fourth-quarter diluted earnings per share of 69 cents, beating Wall Street’s targets by 12 cents. Revenue for the quarter was $121.1 million, missing estimates by $3 million. For the corresponding period in 2017, net sales were $118.2 million and diluted earnings were 59 cents per share.
SportsEngine To Sponsor USA Hockey’s Try Hockey for Free Day
SportsEngine Inc., the country’s largest youth sports directory, is partnering with USA Hockey to promote participation in youth hockey across the United States during USA Hockey’s Hockey Week Across America.
Escalade’s Sales Climb In Q4
Escalade, Inc. reported 4.7 percent in the fourth quarter but operating earnings were flat due to acquisition-related expenses
Foot Locker To Ramp Up Capital Spending In 2019
Foot Locker Inc. said its Board of Directors approved a $275 million capital expenditures program for 2019, compared to the approximately $200 million in 2018. The increased spending reflects increased investments in the company’s store fleet in all existing regions, including Asia, and in its digital initiatives.
Manchester United, Marriott International Announce Global Marketing Partnership
Marriott International and Manchester United on Wednesday announced a multi-year marketing partnership, giving the 120 million members of the Marriott Bonvoy travel program exclusive opportunities for Manchester United football experiences—including the chance to become the club’s Stadium Announcer or Kit Manager for the day.
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