Kranos Corporation, dba Schutt Sports, announced a multi-year extension to their agreement as the Official Base Supplier to Major League Baseball. The company manufactures the Jack Corbett Hollywood bases, a version of which has been on the field for every MLB game, including World Series and All-Star Games, since 1939.
Author: sportsoneauthor
LL Bean Raises Age To Buy Rifles To 21
L.L. Bean became the latest retailer to announce that it will no longer sell guns or ammunition to customers younger than 21.
Gita Sporting Goods Furthers Partnership With Pinarello
The newly formed Pinarello US is a fully owned subsidiary of the Italian Cicli Pinarello and is led by company president, David Vigil.
Tecnica Forges Ahead
The Forge, a new collection of trekking boots from Technica, combines anatomical fit with heat moldable customization capabilities.
Johnson Outdoors Announces 20 Percent Increase In Cash Dividend
Johnson Outdoors Inc. announced approval by its board of directors of a quarterly cash dividend of 12 cents per class A share and $0.1091 per class B share – an 20 percent increase from the previous dividend rate announced on December 8, 2017.
Moody’s Places Brunswick’s Debt Ratings Under Review For Downgrade
Moody’s Investors Service placed Brunswick Corporation’s debt ratings on review for downgrade. This follows the company’s announcement today that Brunswick will spin-off its Fitness business.
Starboard Issues Letter To Newell Shareholders
Starboard Value LP, the hedge fund, said on Monday it nominated two additional directors to the board of Newell Brands Inc, bringing its total nominees to 12 as the activist investor seeks to replace Newell’s board and CEO.
Shares Of Foot Locker Slump On Dismal Outlook
Shares of Foot Locker Inc. were down $5.84, or 12.7 percent, to $40.04 on Friday after the sneaker retailer reported weak fourth-quarter results and indicated the sales won’t likely rebound until the second half of 2018.
Americas Stars For Crocs In Q4
Crocs’ sales in the Americas region soared 13.6 percent in the fourth quarter. Wholesale revenues jumped 29.1 percent, driven by at-once sales as consumers continued to purchase clogs and sandals despite winter weather, and retailers restocked shelves.
Aisle Talk, Week of February 26
Top headlines from the active lifestyle industry you may have missed this week.
American Outdoor Brands Sees No Firearms Rebound Arriving Soon
James Debney, president and CEO of the parent of Smith & Wesson, Battenfeld Technologies and Crimson Trace, said that he still believes the firearms market will eventually return to long-term growth but it will be a “lower to slower pace than experienced in the last 10 years.”
OluKai Hawaiian Shave Ice
Shave Ice is more than an iconic treat of Hawai’i—it’s a microcosm of it’s culture. The Shave Ice Collection from Olu Kai reflects this island tradition.
Gap Seeing Strength In Active Well Beyond Athleta
On the retailer’s fourth-quarter conference call with analysts, Arthur Peck, CEO of Gap Inc., described Athleta’s performance in 2017 as “extraordinary,” but also indicated that the Gap chain and Old Navy are also seeing strength in active and performance lifestyle.
TJX Takes Impairment Charge For Sierra Trading
The TJX Cos. took an impairment charge of 10 cents a share, or about $64 million, against fourth-quarter earnings for Sierra Trading Post due to a decrease in projected revenue growth rates.
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