Luxottica reported sales in the fourth quarter grew 4.3 percent at constant exchange rates. Oakley scored its best quarterly performance over the last two years.
Category: Sports/Fitness
Safilo sees Below-Plan Q4 Revenues
Safilo, the parent of Smith and a number of other eyewear brands, said it’s expecting profitability for its year ended December 31 to be impacted by the somewhat larger decline in sales than planned in the fourth quarter.
Hedge Fund Seeks Spinoff of Brunswick Fitness Unit
Jeff Altman’s Owl Creek Asset Management has acquired an activist stake in Brunswick Corp. and is encouraging it to spin out its fitness business.
Should Boomer Women Fitness Enthusiasts Feel Ignored?
According to a study from JWT London Innovation Group, older Boomer women “feel invisible or ‘edited-out’ when it comes to the leisure and fitness category.”
Escalade Sports Partners with Vuly
Escalade Sports, a wholly owned subsidiary of Escalade Inc and make of sports and outdoor recreational equipment, announced it has entered into an agreement with Vuly, a leader in trampolines and swing sets, to become the exclusive North
American distributor of Vuly products.
Orangetheory Fitness Accelerates Franchise Development
Orangetheory Fitness, the fitness franchise, announced its significant achievements in 2017, opening 294 new studios worldwide, as well as reporting more than $738 million in system-wide revenue and a 7.5 percent increase same store sales.
Pentland Brands Appoints Chirag Patel Chief Operating Officer
Chirag Patel joined the Pentland Brands executive team as director of strategy & portfolio in 2017, where he led the team behind the investment in US sneaker brand, SeaVees, and the footwear joint venture business with the Lacoste Group.
Asics Ventures Acquires AI Silk
Asics announced that its investment subsidiary Asics Ventures Corporation has made its first investment, taking a stake in AI Silk Corporation. AI Silk is a venture company affiliated with Tohoku University that develops conductive textiles.
Susquehanna Sees VF Benefiting from Entrepreneurial Spirit
Susquehanna lifted its estimates and price targets on VF Corp. in part due to a greater entrepreneurial push across brands being established by Steve Rendle, who became CEO at the start of 2017.
Cleveland Indians Removing Chief Wahoo Logo from Uniforms
Major League Baseball said the Chief Wahoo logo is being removed from the Cleveland Indians’ uniform in 2019
Strava Fitness App can Reveal Military Sites
The US Central Command plans to refine its privacy policies after reports that the online fitness tracker Strava showing maps of people’s exercise habits across the globe could pose security risks for security forces around the world.
Woolmark and Adidas Present the Woolmark Performance Challenge
The competition provides an opportunity for tertiary students to develop innovative new product applications within the sports and performance market, by applying the science and performance benefits of Australian Merino wool.
Fleet Feet, Pro Image Sport Among Top Franchises
Fleet Feet Sports landed at 90 and Pro Image Sports at 110 on Entrepreneur magazine’s 2018 Franchise 500 list of the nation’s top franchise opportunities.
OrthoLite Promotes C.B. Tuite to Chief Sales Officer
OrthoLite, the maker of insoles, announced the promotion of C.B. Tuite to chief sales officer as the company expands globally and identifies strategic opportunities. For the last three years, he previously served as the company’s senior vice president of sales and marketing.
Activist Investor Acquires Stake in Nike
Pershing Square Capital, the $12+ billion dollar hedge fund run by activist Bill Ackman, has reportedly acquired a passive stake in Nike Inc.
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