Amer Sports reported a slightly higher loss on a modest sales gain in the second quarter, the company’s smallest quarter of the year. Amer still expects a “solid” second half, driven by up to double-digit pre-order growth in Winter Sports Equipment, Arc`teryx, Sports Instruments and strong expected order position in Precor, which just won the company’s largest ever customer contract.
Author: SGB Media
Puma’s Currency-Neutral Sales Climb 15 Percent In Q2
Puma reported earnings rose 37.8 percent in the second quarter on improving margins and continued sales momentum. Sales rose 15 percent on a currency-neutral basis, led by an 18.7 percent gain in the Americas. The outlook for the year remained unchanged.
Adidas Opening Creative Community Space In Brooklyn
Coinciding with the latest iteration of its P.O.D. System sneaker, Adidas Originals announced the opening Factory 55 in the heart of Brooklyn’s Williamsburg neighborhood. Local artists, musicians and designers will lead workshops and open lab sessions on both zine and poster making, a neighborhood photography session, a ‘how-to’ tutorial on silk-screening t-shirts and more.
U.S. House of Representatives Passes The PHIT Act
The U.S. House of Representatives approved the Personal Health Investment Today (PHIT) Act, which would allow the use of pre-tax savings accounts for physical activity-related expenses. PHIT was included in a bipartisan package of Health Savings Account (HSA) reforms that passed in the House today by a vote of 277-142. Now, the measure moves to the Senate for further consideration.
U.S. Road Race Participation Numbers Hold Steady For 2017
For the vast majority of road races of all sizes across the U.S., participation held steady in 2017, according to an analysis of road race participation trends released by Running USA.
New Era Partners With G-Shock
Casio G-Shock once again teamed up with New Era Cap Co. Inc. on a limited-edition DW5600 men’s timepiece.
REI Partners Again With Subaru
Subaru of America Inc. announced the company’s continued partnership with REI and involvement in the outdoor retailer’s adventure-themed, experiential events and activities across the country.
Ozonics Sues Scent Crusher For Patent Infringement And Seeks Immediate Injunction
Ozonics Hunting, which specializes in harnessing the power of ozone and oxidation technology through active scent control while afield, have filed a patent infringement lawsuit against Mojack Distributors, dba Scent Crusher, and seek an immediate injunction to stop Scent Crusher’s infringement.
TYR Sport Signs Simone Manuel
TYR Sport announced the signing of 4x Olympic Medalist, 9x World Championship Medalist and World and American Record Holder Simone Manuel.
AOB Outdoor Products & Accessories Names Mark Reasoner As VP Sales For Hunting & Shooting Accessories
AOB Outdoor Products & Accessories, a division of American Outdoor Brands Corporation and a provider of hunting, shooting, reloading, gunsmithing, gun cleaning supplies, specialty tools, survival products and cutlery, announced that Mark Reasoner has joined the company as vice president of sales for Hunting & Shooting Accessories.
Payless Appoints Mary Chris Gay to Board Of Directors
Payless Holdings LLC announced the appointment of Mary Chris Gay as an independent director of the company.
ClassPass Announces Series D Funding
ClassPass, the fitness membership service, announced a $85 million series D financing led by Temasek, an investment company headquartered in Singapore, with participation from the Growth Fund of L Catterton.
Backbone Media Makes Hires
Backbone Media, the active lifestyle media agency, announced recent additions to the company’s suite of services with the hiring of new associates Jeff Palmer, Andy Ralston, Kyle Broughton and Nathan “Newt” Borowski.
Swiftwick Adds Olympic Gold Medalist To Athlete Roster
Swiftwick, the performance sock company, announced the company has signed Connor Fields, BMX Olympic Gold Medalist, as the company’s newest elite athlete.
Meridian Community College Reaches Deal With Under Armour And BSN Sports
Meridian Community College signed a five-year partnership with Under Armour through an agreement signed with BSN Sports.
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