Under Armour plans to continue its sponsorship of Lindsey Vonn after her retirement. On Friday, the legendary skier announced she planned to retire after the World Championships this week in Sweden.
Category: Sports/Fitness
Outdoor Voices Names Pamela Catlett As President And Chief Operating Officer
Outdoor Voices, the cult women’s activewear brand, announced the appointment of Pamela Catlett, a f former Nike and Under Armour executive, as president and chief operating officer.
Genesco Completes The Sale Of Lids Sports Group To FanzzLids Holdings
Genesco Inc. announced that the company has completed the sale of its Lids Sports Group to FanzzLids Holdings for $101 million.
Delta Apparel’S Q1 Hit By Sports Authority Litigation Charge
Delta Apparel Inc. took a $2.5 million charge in the first quarter ended December 29 in connection with the resolution of litigation stemming from The Sports Authority’s March 2016 bankruptcy. Earnings grew strongly excluding the charge as sales advanced 12.5 percent.
Unifi Lowers FY Guidance On Pricing Pressures
Unifi Inc. reported an operating loss in its second quarter ended December 30 and lowered its guidance for its fiscal year. The fibers specialist placed the blame on a spike in raw material costs, suppressed demand in the Americas and a weaker sales mix.
Adidas Pulls Sneaker Dedicated To Black History Month After Backlash
Adidas announced it was pulling a shoe from its Black History Month lineup following social media uproar.
PHIT America Partners With Zift
Zift partnered with PHIT America to develop a mobile app that encourages physical activity. The app provides screen time parenting tools, as well as insights and resources to families.
USTA And Life Time Partner To Grow Tennis Participation
The United States Tennis Association (USTA) and Life Time announced an alliance to grow the sport of tennis, especially among younger players.
Purus Labs Appoints President and CEO
Purus Labs, the sports nutrition company, announced that Shawn Moe will join the Purus Labs Team as a partner and will be the new president and CEO.
Roark Capital Acquires Fitness Connection
Roark Capital, an Atlanta-based private equity firm, acquired a majority stake in Fitness Connection from LNK Partners. Fitness Connection has over 500,000 members across its 41 health clubs in Texas, North Carolina, and Nevada.
Vicis Expands Series B Funding
Vicis announced an expansion of its $30 million Series B fundraising, adding investments from quarterbacks Alex Smith and Aaron Rodgers, through Rx3 Ventures. This is the second investment in the company by both NFL quarterbacks.
Adidas Announces Multi-Year Partnership With Football Coach Dr. Jen Welter
Adidas announced a multi-year partnership with Dr. Jen Welter, the first female NFL coach and newly named Defensive Specialist Coach for the Atlanta Legends in the Alliance of American Football (AAF).
Ugg Powers Deckers Brands To Blowout Holiday Quarter
Tightened segmentation, success reaching men’s, and early cold weather in the U.S. helped drive robust sales for Ugg to help Deckers Brands handily exceed guidance in its holiday quarter. Hoka One One also remained on fire with sales now expected to reach $220 million in its fiscal year.
Brunswick Sees Fitness Sales Declining Again In 2019, Commits To Separation
Brunswick Corp. said its Fitness segment, which includes Life Fitness, saw continued sluggish results in the fourth quarter and is now expected to show a mid-single digit percent drop in sales in 2019. But Brunswick officials remain committed to spinning off or selling its fitness brands this year.
Golf Rounds Played Declines 4.8 Percent For 2018
According to Golf Datatech, golf rounds played in the U.S dropped 7.7 percent in December year-over-year while ending up down 4.8 percent for the year.
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