G-III Apparel Group, Ltd. (GIII) share fell 19 percent on Friday, June 6 after the apparel giant withdrew its earnings guidance for the year due to “uncertainty around tariffs and related macroeconomic conditions.” G-III’s first quarter results still exceeded targets, led by double-digit growth at DKNY, Karl Lagerfeld and Donna Karan. The company also indicated […]
Category: Sports/Fitness
Puma Golf Reimagines the Helsinki for On-Course Performance
The Helsinki G comes in five colorways, featuring technical upgrades, that moves the shoe seamlessly into golf, backed by purposeful innovation.
Lululemon Axes FY EPS Guidance Despite Q1 Beat
The company reported earnings and sales exceeded its guidance in the fiscal first quarter ended May 4, but still trimmed its EPS outlook for the year and provided guidance for the second quarter that was well below analysts’ consensus target.
Study: Why Retailers Risk Loyalty with Tariff-Based Price Hikes
While most retailers won’t be able to avoid raising prices altogether, unilateral price increases are a surefire way to lose customer confidence and trust. First Insight believes there are more informed ways of approaching pricing strategies and offsetting the burden on customers.
Nike Promotes Tony Bignell to Chief Innovation Officer
Nike has confirmed reports that Tony Bignell, VP of men’s sport performance footwear, has been promoted to chief innovation officer. He replaces John Hoke who plans to retire in October.
Adidas Gets Debt Upgrade by S&P on Improving Performance
S&P Global Ratings raised its debt ratings on Adidas due to the brand’s stronger-than-expected deleveraging trend, mainly driven by the group’s sustained momentum in its underlying operating performance and cash flow generation improvements versus previous forecasts.
GoPro, Inc. Adds Two Members to Board of Directors
GoPro, Inc. appointed Mike Dennison, CEO of Fox Factory Holding Corp. and Emily Culp, chief brand and strategy officer of BodyHealth, to its Board of Directors.
Life Time Group Shareholders to Sell 20 Million LTH Shares in Secondary Offering
The operator of athletic country clubs across the U.S. and Canada said shareholders sold 20 million shares of stock in a secondary offering, raising $590 million for selling shareholders. Lifetime did not receive any proceeds from the sale.
New Era Cap Inks New On-Field Partnership With Major League Soccer
The agreement makes New Era Cap the official on-field cap of the MLS, with rights to produce and distribute headwear and apparel for all 30 MLS clubs in the U.S. and Canada.
G-Form Drops RideWire Collection in Collab with Emil Johansson
The G-Form x Emil Johansson EJ signature collection, “RideWire,” is ideally suited for downhill, enduro, slopestyle, and gravity MTB riding styles.
KKR-Backed Bay Club Acquires 425 Fitness
The operator of three fitness clubs in the greater Seattle area (Bothell, Redmond and Issaquah), deepens its presence in the Pacific Northwest. The addition also gives Bay Club 27 fitness clubs across California.
EXEC: Sports Direct Parent Votes Upend XXL ASA General Meeting; CEO Freddy Sobin Ousted
Frasers Group plc, who was represented with 28,776,450 shares and votes, equal to approximately 96.5 percent of the shares and votes represented at the general meeting, may be responsible for moving the managing director of Frasers Group IBML into the XXL Interim CEO role.
Champion Launching Tom Aspinall Collection; Signs UFC HW Champ to Long-Term Partnership
The partnership kicks off with the launch of Aspinall’s debut capsule, titled “Heavyweight Champion,” developed collaboratively, which taps into Columbia’s 100-plus-year history of sportswear heritage. Champion is also developing a line of performance training apparel and equipment, which is due to launch later this year.
Costco May Comps Grow 6.0 Percent x-Gas; E-Commerce Up 12 Percent
Excluding gas, Costco’s same-store sales in the U.S. were up 5.5 percent in the U.S. and 6.0 percent overall. E-commerce sales advanced 12 percent.
Under Armour Replaces New Balance as University of Denver Partner
Under Armour reached a multi-year agreement to replace New Balance as the official athletic apparel supplier of the University of Denver. The program will be managed by Game One, which replaces BSN Sports.
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