Anta Sports Products Ltd. reported that revenue increased 44.1 percent to RMB1.94 billion for the six months ended June 30, 2018. Profit attributable to equity shareholders increased 34 percent to RMB1.94 billion, while basic earnings per share increased 29.4 percent increase to RMB72.44 cents.
Author: SGB Media
Crew By True Rowing Announces Funding From Olympic Rower
Crew by True Rowing announced today $5 million in seed capital to bring a connected indoor rowing machine to market.
Best Coast To Headline REI Outessafest
Best Coast joins REI Outessafest as a headliner at Patuxent River Park in the Washington, D.C., area and, along with Mavis Staples, at Shakori Hills in North Carolina. Best Coast’s singer/songwriter/guitarist Bethany Cosentino and guitarist Bobb Bruno recently released their third full-length album, “California Nights.”
PeopleForBikes Elects Two New Board Members
Boulder, CO-based PeopleForBikes Coalition has elected two members to the company’s board of directors: Jennifer Harned, president and general manager of Bell + Giro and Justin Gottlieb, vice president of Interbike.
AstroTurf Acquires Nagle Athletic Surfaces
AstroTurf Corp. has acquired Nagle Athletic Surfaces Inc., a track and outdoor court installation specialist based in East Syracuse, NY. Nagle joins the SportGroup family of companies, which includes AstroTurf, Advanced Polymer Technologies, Polytan, SYNLawn Melos and more. The sale was finalized on July 31.
Colorado ‘Thrilled’ To Welcome VF Corp.’s New Global Headquarters
As part of VF Corp.’s decision to separate into two publicly traded companies, the corporation will move VF’s headquarters to the Denver metro area, a move lauded by Colorado’s Office of Economic Development and International Trade.
NRF Upgrades 2018 Economic Forecast But Says Tariffs Remain Threat
The National Retail Federation on Monday increased the federation’s retail sales forecast for 2018, saying sales are expected to grow more than previously predicted thanks to tax reform and other positive economic inputs, but warning that tariffs threaten to dampen consumer confidence.
TrainingPeaks Names Claudette Stevenson Senior Director Of Product Development
TrainingPeaks, which creates tracking and planning software for endurance athletes and coaches, announced that Claudette Stevenson will take on the role of senior director of product development, overseeing the company’s product and engineering departments.
Stance To Open First Store In Southern California
Socks brand Stance announced that the company will open the company’s first Southern California retail location in the Irvine Spectrum Center on August 18.
VF Corp. To Split Into Two Independent, Publicly Traded Companies
Apparel, footwear and accessories giant VF Corp. announced Monday morning that the company’s board of directors intends to separate the company into two independent, publicly traded companies: VF Corp., an apparel and footwear company that will move the company’s headquarters to Denver and a yet-to-be named company (NewCo) that will hold VF’s jeans and outlet businesses.
Sport Chek Looks To Broaden Reach In Reset
Sport Chek, Canada’s largest sporting goods chain owned by Canadian Tire Inc., will be undergoing a repositioning to appeal to a broader range of consumers beyond millennials and “achievers,” Canadian Tire officials said on the company’s second-quarter conference call.
Aisle Talk Week Of August 6
Top headlines from the active lifestyle industry you may have missed this week, including Nike Inc. facing a class-action lawsuit for discrimination.
Nike Sued For ‘Devaluing And Demeaning’ Women
Nike Inc. is the target of a class-action lawsuit by women claiming discrimination against the global footwear and apparel giant. Cahill et al v. Nike Inc. was filed Thursday in the U.S. District Court, District of Oregon. The suit doesn’t ask for specific damages, but instead for Nike to implement fair pay practices throughout the organization.
Apparel Impact Institute Appoints Lewis Perkins As President
The Apparel Impact Institute (AII), a collaboration of brands, manufacturers and industry stakeholders that have come together to select, fund and scale high-impact projects that dramatically and measurably improve the sustainability outcomes of the apparel and footwear industry, announced Lewis Perkins as the institute’s inaugural president. Perkins, 47, was most recently president of the Cradle to Cradle Products Innovation Institute.
Activbody Appoints CEO
Activbody, maker of the Activ5 portable fitness device and training app, announced the company has appointed long-time technology and e-commerce executive Dan Stevenson as the company’s new CEO.
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