At its bi-annual Investor Day meeting last week, Under Amour Inc. set a 2018 net revenues target of $7.5 billion, easily double its $3.1 billion in net revenues in 2014. In doing so, the company ramped up its impressive growth rate target from 22 percent
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Wolverine Worldwide Lowers Q3 Revenue Guidance
Wolverine Worldwide said third-quarter sales would come in below its recent guidance. The company now expects a low-single digit revenue decline after adjusting for the impact of foreign exchange. Revenues are expected to be flat on a currency-neutral bas
BSN Sports Acquires Milwaukee Sporting Goods
BSN Sports completed the acquisition Milwaukee Sporting Goods (MSG) based in Menomonee, WI. MSG is the leading distributor of team apparel and equipment throughout the state of Wisconsin. MSG was formerly a member of the ADA buying group…
Under Armour Signs Four NBA Players
Under Armour signed two 2015 first-round picks, Jerian Grant and Delon Wright, from the 2015 NBA Draft to endorsement deals, as well as an undrafted guard, Dez Wells. It also signed forward Wesley Johnson, who is entering his sixth NBA season and now with
Former Bauer Chairman Battles for Performance Sports Board Seat
Performance Sports Group (PSG) Ltd. disclosed that W. Graeme Roustan, its former chairman, plans to launch a proxy battle for a seat on the company’s board. The company, which owns the Bauer, Mission, Maverik, Cascade, Inaria, Combat, and Easton bra
Incase Bought by Incipio
Incase Designs Corp., the maker of numerous laptop bags and cases for Apple devices as well as camera and GoPro bags, has been acquired by Incipio Technologies Inc., a growing developer of cases, electronic accessories and wireless speakers. Terms were no
Asics Appoints Gene McCarthy to Lead Asics America
Asics announced the pending retirement of Asics America Group President and CEO, Kevin Wulff, and the hiring of industry veteran Gene McCarthy to join the company as the CEO of its largest region, which comprises the U.S., Canada, Mexico, and Brazil. McCa
Adidas Enters Hockey Category with Blockbuster NHL Deal
Fulfilling loud rumors that a deal was in the works, Adidas and the National Hockey League (NHL) last week announced that Adidas would replace Reebok as the producer of NHL uniforms beginning in the 2017/18 season. Still, the news led the rampant speculat
Implus Adds Harbinger to Boost Fitness Segment
Implus announced the acquisition of Harbinger, a leading manufacturer of fitness accessories. Harbinger’s lineup includes an assortment of gloves, belts, straps, strength training aids, and functional fitness items. Terms were not disclosed…
New Balance Moves into New Headquarters
New Balance on Thursday opened its new corporate headquarters. About 700 employees moved into its new 250,000-square-foot building at the 15-acre Boston Landing development, over the Massachusetts Turnpike in the northwestern edge of Boston…
Boathouse Unveils “Sport Your Pink” Campaign
Boathouse Sports today revealed the “Sport Your Pink” campaign on its new website for the design and creation of unique custom PINK team athletic apparel to help build awareness and generate funding for cancer research…
Dodge Ski Boots Opens Production Plant
Dodge Ski Boots opened a brand new production facility in Essex, VT.
Ecco USA Appoints VP of Sales
Ecco USA announced the appointment of Greg Marchini as vice president of sales…
Champs Sports Rolls out Sneaker App
Champs Sports released its first smartphone mobile application for iOS and Android. Specifically designed to enhance the digital experience that sneaker lovers have…
Report: Adidas Investors Seek Outsider for Next CEO
Some larger investors are encouraging Adidas to seek an outsider to replace Herbert Hainer as CEO because “only an outsider can provide the shakeup the sportswear maker needs to close its longstanding gap with Nike Inc.,” according to a report from Bloomb
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