Author: Thomas J. Ryan

Doug Sanders Talks Up MSR’s 50th Anniversary

Doug Sanders Talks Up MSR’s 50th Anniversary

Twenty-nineteen marks the 50th anniversary of Seattle-based Mountain Safety Research (MSR), which got its start not with a break-through product but a newsletter that raised awareness about climbing equipment safety. Doug Sanders talks to SGB Executive about the unorthodox start as well as MSR's ongoing commitment to defying the status quo in equipment design. (Read More)

Mad Dogg Athletics Lands In Bankruptcy Court

Mad Dogg Athletics Lands In Bankruptcy Court

Mad Dogg Athletics, one of the pioneers of the indoor cycling craze, has filed for bankruptcy protection. The move follows three years of revenue declines that culminated in a loss in 2018 caused by a dispute over the termination of its Bodyblade license agreement. Other causes of the filing included heightened competition from Peloton, a botched website upgrade, and challenges transitioning its Spinner bikes' license to Precor. (Read More)

Wolverine Still Sees Growth Accelerating In Second Half

Wolverine Still Sees Growth Accelerating In Second Half

Wolverine World Wide reported second-quarter earnings that exceeded expectations but sales came in short and full-year guidance for revenues, gross margins and operating margins were reduced. On the bright side, Wolverine still expects revenues to accelerate in the second half as the company’s three largest brands, Merrell, Sperry and Saucony, combined expand 10 percent. (Read More)

Fitbit Axes Guidance As Versa Lite Flops

Fitbit Axes Guidance As Versa Lite Flops

Shares of Fitbit fell 21 percent on Thursday after the company slashed guidance for the full year and indicating it was changing its approach to pricing and promotions as sales of the Versa Lite smartwatch fell short of targets. Fitness tracker sales rebounded in the second quarter, but the company's streak of quarterly revenue growth will end in the third quarter. (Read More)

Under Armour‘s North America Struggles Continue

Under Armour‘s North America Struggles Continue

Under Armour’s second-quarter results were basically in line with expectations and officials indicated that the company’s strategic transformation program is progressing on plan. Shares of Under Armour, however, fell 12.2 percent on Tuesday as sales targets for North America for the year were reduced and Q3 results were guided below Wall Street expectations. (Read More)

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