Said Julien Mininberg, CEO of Helen of Troy on a conference call with analysts, “Hydro Flask, with its number one market share position in insulated beverage bottles, continues to enjoy excellent point of sale performance across channels we track; retailer inventory levels are largely in line with consumer takeaway.”
Category: Sports/Fitness
Academy Sports + Outdoors Names Michael Mullican Chief Financial Officer
Academy, Ltd. d/b/a Academy Sports + Outdoors, announced the full time appointment of Michael Mullican as chief financial officer, effective January 10, a position he has held on an interim basis since September 2017.
Real Sociedad To Replace Adidas With Macron
Macron, the Italian sportswear brand, will replace Adidas as kit sponsor of the Spanish soccer club, Real Sociedad, according to a report in the Basque daily newspaper El Diario Vasco.
Nordstrom Lifts EPS Guidance On Improving Holiday Sales
Nordstrom, Inc. announced an increase in its net sales of 2.5 percent and an increase in comparable sales of 1.2 percent for the nine weeks ended December 30. The department store operator lifted its EPS guidance for the year.
Brooks Racks Up Double-Digit Gains In Q4
Brooks Running scored its second consecutive quarter of double-digit growth in the fourth quarter, Jim Weber, CEO, wrote on the company’s blog.
SGB Industry Outlook 2018
Nearly 40 active lifestyle industry executives share their thoughts on where we’re headed next. Comments from Brooks, Smartwool, PGA Tour Superstore, United Sports Brands, Fleet Feet, PrimaLoft, The North Face, Osprey Packs, TRX Training, Wilson, Saucony, SKLZ and others.
Susquehanna Downgrades Under Armour Over Discount-Channel Concerns
Believing it’s making the same mistake as Reebok in selling to lower-tier channels, Susquehanna Financial Group lowered its stock rating on Under Armour to “Negative,” which is essentially a sell, from “Neutral.”
Honey Stinger Signs James Russell Gill III
James Russell Gill III, professional ultra-endurance runner, owner and CEO of Bad to the Bone Sports and race director for the Ultra Race of Champions, has signed on as an athlete with Honey Stinger, maker of honey-based energy products.
Equinox, Owner of SoulCycle, Invests In Rumble
Equinox, the operator of Equinox Fitness Clubs, Blink Fitness, Pure Yoga, and SoulCycle, announced a significant minority stake in Rumble, a boxing-inspired group fitness company based in NYC.
ICSC Sees Robust Holiday Gains
This holiday season saw an increase in consumer spending according to the International Council of Shopping Centers (ICSC), which released its annual Post-Holiday Shopping Survey. This year’s survey showed that the average spend on gifts and other holiday-related items was $841.50 this season, compared to $711 last year, representing a gain of 18.3 percent.
Fanatics Opens Japan Office
The Tokyo-based office will lead the initial expansion of Fanatics’ operations throughout Asia, and strategically aligns with the company’s expansion strategy to grow the licensed sports merchandise industry across key global markets.
Headsweats Welcomes New Ambassador Team
Thirty-five outstanding athletes were selected from over 500 applications based upon their personal and athletic accomplishments within their sport.
Lululemon Still Bullish On North American Expansion
While hiking its guidance for the fourth quarter, Lululemon officials at the ICR Conference Monday laid out some core catalysts expected to drive its North America segment in the years ahead.
Big 5 Cuts Q4 Guidance On Weather Woes
Big 5 Sporting Goods Corp. slashed its fourth-quarter earnings guidance as “extraordinarily dry and warm weather conditions” led to a double-digit comp decline in December.
Spalding Partners With BSN Sports In Team Channel
In a letter to team dealers received from SGB, Spalding has indicated that BSN Sports will now handle sales of Baseball, Football, Soccer and Volleyball products sold into the team channel.
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