Nike and Flex, a contract manufacturer, have agreed to wind down its footwear manufacturing operations in Guadalajara by the end of the year.
Category: Sports/Fitness
SGB Industry Outlook 2019, Part 1
Over the past week, dozens of executives across the active lifestyle industry shared their outlook for 2019 with SGB. We reached out to large, medium and small brands and retailers in sporting goods, footwear, apparel, outdoors and tactical with two simple questions that were fairly open-ended: What gives you optimism and what causes concern in the coming year? This is the first of a two-part series that gauges what the industry’s key players think will or won’t happen in 2019.
2019 Varsity Brands School Spirit Awards Now Open
Varsity Brands has officially opened submissions for the fourth annual 2019 Varsity Brands School Spirit Awards, which honor those in America’s high schools who are making an impact to build school pride and community spirit. A total of $100,000 will be awarded across 25 categories.
SFIA Hires New Managing Director Of Sponsorship
The Sports & Fitness Industry Association (SFIA) announced a new addition to the organization, Rick Salomone, who will be responsible for leading and expanding the SFIA sponsorship program. Salomone previously served as the CEO of Surys, a company rooted in holographic science, aiming to provide authentication solutions and reduce counterfeiting of products.
Sears Gets Another Reprieve From Liquidation
Sears has accepted Eddie Lampert’s bid to acquire the company to stave off a liquidation although the bid now requires Sears chairman to deposit $120 million by 4 p.m. Wednesday through his ESL Investments hedge fund.
Brunswick Reports More Than 125 Patents Granted In 2018
Brunswick Corporation announced that it had 126 United States patents granted to the Company during 2018, up nearly a third from its 2017 results and nearly twice as many as it was awarded in 2015. All Brunswick divisions – marine engine, boat and fitness — contributed to this record-breaking innovation output.
New Balance Plans Facility In Methuen, MA
New Balance Athletics plans to open to open an advanced manufacturing facility in Methuen, MA.
USA Cycling Hires Former New Balance CEO Rob DeMartini
The USA Cycling Board of Directors has named Rob DeMartini as president and chief executive officer of USA Cycling. DeMartini joins the organization from New Balance Athletics, Inc. where he spent the last 12 years as president and CEO.
Lacrosse Unlimited Appoints EVP Of Institutional Sales
Lacrosse Unlimited announced that Sean Haggerty has been brought on as executive vice president of institutional sales. Haggerty comes to Lacrosse Unlimited from BEA Partners where he led external strategic sales and marketing initiatives.
CCM Hockey Renews Partnership With Connor McDavid
CCM Hockey announced a four-year partnership extension with NHL All-Star Connor McDavid. The top young star in the NHL, McDavid will rely exclusively on CCM equipment to support his on-ice performance through 2023.
Adidas Extends Stock Buyback Program
Adidas announced the start of the second tranche of its current multi-year share buyback program announced in March 2018. The company intends to repurchase own shares worth around €800 million in 2019.
Wells Fargo: Industry Facing Risks Amid China Slowdown
After Apple announced lower-than-expected performance over the holiday season on January 2, Wells Fargo in a note said concerns over slowing growth in China may cause a “negative read-through” for Nike, Adidas, Skechers and other consumer-goods companies with big exposures to China.
Suunto Launches Partner Program To Expand Its Digital Ecosystem
Suunto, a global leader in sports watches, dive computers and precision instruments, has announced the new Suunto Partner Program, inviting interested companies to join Suunto’s growing digital ecosystem. By opening the Suunto Cloud API, companies can join existing partners, like Strava and TrainingPeaks, to connect, engage and support Suunto’s network of engaged sports enthusiasts through the Suunto App.
Retail Imports Level Off After Rush To Beat Tariffs
Imports at the nation’s major retail container ports have slowed down after a months-long rush to beat increased tariffs on goods from China, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
BSN Sports Acquires Iowa’s Sports Page Team
BSN Sports announced that it has finalized the acquisition of Sports Page Team, LLC based in Pella, IA. Sports Page, which has served athletic and team sports customers since 1978, is a leading distributor of team Sports apparel and equipment in Iowa and eastern Nebraska.
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