Brunswick Corporation announced planned changes to its corporate finance organization, as it realigns and repositions itself into a streamlined marine-focused organization in anticipation of the planned separation of its Fitness business, which will occur later this year.
Category: Sports/Fitness
Despite Slight Rise in Overall Tennis Participation, Challenges Remain
The most recent tennis participation figures indicate an overall increase in the number of U.S. tennis players for 2018, up 0.9 percent to 17.84 million participants, according to the Tennis Industry Association (TIA). But a deeper dive into the numbers show continuing challenges facing tennis, and the sports industry overall.
Amer To Sell Mavic To Regent
Amer Sports has entered in an exclusivity period with Regent, a U.S.-based global private equity firm, for the sale of the shares and related cycling business of Mavic S.A.S.
Lacrosse Unlimited Re-Opens Original Location With New Look
Lacrosse Unlimited re-opened its original flagship store at Hauppauge, NY with a brand new look in a brand new location.
Aisle Talk Week Of March 11
Top headlines from the active lifestyle industry you may have missed this week, including Brooks Running Company’s promotion of Dan Sheridan to a newly configured role of EVP and chief operating officer.
Dorel Sports Q4 Hurt By Softness In Mass Channels
Dorel Industries Inc. reported that profitability in its Dorel Sports’ segment came in below plan in the fourth quarter due to a slowdown in bicycle sales across the board at Pacific Cycle that targets the mass channel. Martin Schwartz, president and CEO of Dorel Industries, said the exit of Toys “R” Us didn’t benefit the mass channel as much as projected.
Report: Dave Dombrow Exits Under Armour
Dave Dombrow, Under Armour’s chief design officer, has left the company, according to a report from Footwear News.
Brooks Promotes Dan Sheridan To EVP, COO
Following a successful year in which the brand reported a 26-percent year-over-year increase in global revenue, Brooks Running Company has promoted Dan Sheridan to a newly configured role of EVP and chief operating officer. Responsibilities include leadership of the brand’s sales, e-commerce, digital, supply chain and information technology (IT) teams.
LEM Helmets Welcomes Jay Petervary To Ambassador Team
LEM Helmets, manufacturer of cycling helmets, welcomed Jay Petervary to its growing ambassador team. Petervary – AKA JayP – brings more than 25 years of experience and accomplishments in ultra-endurance and adventure racing to the LEM team.
Strong Boot And Retro Sales At Journeys Lifts Genesco’s Q4
Powered by healthy momentum for the Journeys chain, Genesco Inc.’s earnings before non-recurring items rose 18.8 percent in the fourth quarter. The company was also aided by a better-than-expected performance by the recently-sold Lids Sports Group in its last quarter with the company.
Dorel Sports’ Q4 Sales Slip
Dorel Industries Inc. reported fourth quarter revenue in its Dorel Sports segment declined 1.7 percent, to $232.7 million from $236.8 million last year but grew by approximately 2.6 percent after excluding the negative impact of varying foreign exchange rates year-over-year and the divestments of the Sugoi and Sombrio brands in the second quarter of 2018.
Under Armour’s Social Compliance Program Accredited By The Fair Labor Association
The Fair Labor Association (FLA) announced that its board of directors has accredited the social compliance program of Under Armour Inc. The accreditation confirms the company has strong policies and practices in place to set goals, monitor, and remediate problems to improve conditions for the workers within its global supply chain.
Stars Come Out For National Health Through Fitness Day
Athletes in attendance at SFIA’s 20th annual National Health Through Fitness Day on Wednesday boasted one World Series, one Stanley Cup, 11 Olympic medals; one Heisman Trophy; seven Pro Bowls invites; one NBA Most Improved Player Award and 10 MLB All-Star Game appearances.
Adidas’ Supply Chain Problems Stunt North America’s Momentum
Adidas warned investors it will miss its 2019 growth target because supply chain bottlenecks in the first half of the year are making it difficult to meet demand. The growth is particularly expected to slow in North America, where it has doubled its business in the last three years to take market share from rival Nike
OC Sports Appoints New National Sales Manager
OC Sports, the headwear specialist and holder of the exclusive replica license with MLB and MiLB. promoted Brad Reagan to national sales manager following Joe Rubertino’s retirement.
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