SGB talked to John Anton, CEO of Founder Sport Group, formerly Badger Sportswear, about what attracted the company to Teamwork Athletic Apparel, what changes can be expected and consolidation opportunities in the team uniform space.
Author: SGB Media
Aisle Talk Week of September 17
Top headlines from the active lifestyle industry you may have missed this week, including sales growth at Gregory Mountain Products and High Sierra helping Samsonite International S.A.’s financial performance in the six months ended June 30.
Technogym’s Revenues Climb In First Half
Technogym, based in Cesena, Italy, reported revenues on a currency-neutral basis increased 3.6 percent in the first half ended June 30 to €272.9 million and gained 8.3 percent on a currency-neutral basis. The gains were paced by significant growth in North America.
High Sierra And Gregory See Gains In First Half
Samsonite International S.A. reported net sales on a currency-neutral basis at High Sierra grew 6.8 percent in the six months ended June 30 while sales of Gregory increased 1.9 percent.
Sportfishing Industry Welcomes BEA Report Detailing Industry’s Contribution To U.S. Economy
The American Sportfishing Association (ASA), a founding member of the Outdoor Recreation Roundtable (ORR), today voiced the association’s support for the final report recognizing the outdoor recreation industry as a significant contributor to the U.S. economy.
Skechers Downgraded On Inventory, Foreign Exchange Concerns
Shares of Skechers USA sunk $1.26, or 4.5 percent, to $26.58 Thursday after Cowen & Co. lowered the company’s rating on the stock to “market perform” from “outperform” due to concerns over high inventories and foreign currency headwinds.
Champion To Open Store In Chicago
Champion Athleticwear is continuing to expand the company’s retail footprint with the company’s first store in Chicago and the company’s third in the U.S. overall. The store is at 1520 North Milwaukee Avenue.
NFL Experience In Times Square To Close
The Times Square-based NFL Experience—a 40,000-square-foot attraction featuring a 4-D roller-coaster theater—is closing doors on September 30 after being open for just 10 months, according to the New York Post. The project—a joint venture between the NFL and Cirque du Soleil—was not able to meet its financial goals.
Athleta to Introduce Men’s Athleisure Line
Gap Inc. announced the launch of Hill City, a men’s athleisure brand. Hill City is slated to launch mid-October available exclusively at hillcity.com, and pieces from the brand will also be displayed at 50 select Athleta locations.
Flowfold Hires Two New Sales Agencies
Portland, ME-based outdoor retail brand Flowfold has announced partnerships with two new sales agencies. Wasatch Reps will represent the Rocky Mountain Territory, including UT, WY, CO, and NM, and Everyday Adventure Reps (Bryan Duncan) will represent the Southwest Territory, including CA, AZ, and NV.
Mizuno Brings Back Project Zero
In its second year, Project Zero, a partnership with Fleet Feet and Breast Cancer Research Foundation, highlights personal stories of strength, perseverance and support, while donating a portion of proceeds from each purchase of the special edition Bcrf Waveknit R2 running shoes and other BCRF branded gear.
Descente Hires Fritz Taylor To Run North American Group
Descente has established a wholly-owned North American subsidiary led by industry veteran, Fritz Taylor, that will seek to expand the Japanese athletic apparel brand beyond ski channels.
TackleBar Being Played In 21 States
Youth athletes in 21 states will be playing TackleBar, a safer version of football, this season. Players wear a helmet, shoulder pads and a harness around their waists with two foam bars that sit on the lower back that requires players to learn proper tackling technique.
Kamik Survey: Children Spending 35 Percent Less Time Playing Freely Outside
Kamik, the Canadian footwear and apparel manufacturer, announced new survey result findings that indicate a significant decrease in outdoor play among children ages 3-12.
Amer Sports: Apparel Is Key Driver In Strategic Transformation
As Amer Sports moves towards areas of faster growth, higher profitability and better asset efficiency, the company said apparel and footwear will be at the heart of the change.
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