RYU Apparel Inc. said it has closed the first tranche of its non-brokered private placement financing of up to 71,428,572 units at a price of 7 cents per unit for gross proceeds of up to $5 million.
Category: Sports/Fitness
JLab Audio Named Official Audio Partner Of Major League Soccer
Major League Soccer (MLS) announced a multi-year sponsorship deal with JLab Audio, the headphone brand. Under the terms of the new agreement – JLab Audio’s largest partnership to date – the California-based company becomes Major League Soccer’s first Official Audio Partner.
Nike To Re-Up With Oregon
Oregon athletics is about to get a big, new deal with Nike, according to a report from the Oregonian.
Mapbox Acquires Fitness AR
Launched this past September, Fitness AR was the first mapping AR app, allowing Strava users to connect their accounts and visualize their runs, hikes and bike rides on an 3D terrain map in AR on an iPhone or iPad.
Sheikh Shoes Betting On Nike For Turnaround
Sheikh Shoes ultimately blamed its trip to bankruptcy court on its inability to secure shipments from Nike, by far its largest supplier that holds an unsecured creditor’s claim of $16 million in the case. But it’s also counting on Nike to revive its fortunes.
Genesco Sees NFL’s Challenges Challenging Lids
Bob Dennis, Genesco’s CEO, said “the well-publicized challenges facing the NFL have meaningfully dampened demand for NFL licensed merchandise during the heart of football season” to impact Lids’ sales during the third quarter. Also impacting lids has been a less-favorable MLB playoff lineup, a disappointing performance this year by some key college teams, and a lack of a strong headwear trend.
Aisle Talk, Week Of November 27
Top headlines from the active lifestyle industry you may have missed this week.
Perry Ellis Sees Nike Swim And Golf Climb Double Digits
Perry Ellis International Inc. reported sales in its Golf segment grew low double-digits in the third quarter while Nike Swim leapt 40 percent.
Genesco Posts Steep Q3 Loss On Impairment Charge
The charge reflects the sustained decline of the company’s market value to a level below book value and underperformance relative to projected operating results, particularly in the Lids Sports Group The outlook for the year was also reduced due to a “more conservative outlook for Lids.”
Golf Rounds Sink In October
According to Golf Datatech, golf rounds played were down 4.1 percent in October 2017 compared to October 2016.
EXOS And Speedo USA Launch Aquatic Training Courses
EXOS, a leader in the human performance industry, and Speedo USA, a division of PVH Corp., released a new online course for fitness professionals, EXOS Presents: Speedo Fit Training.
Adidas’ Boost Collection Package Quickly Sells Out
Adidas’ offer to purchase a 40-pair set of Boost footwear on Adidas.com sold out in five minutes.
Marcato Sends Letter To Deckers Stockholders
Marcato Capital Management LP, the activist shareholder group seeking to replace Deckers Brand’s board with its own candidates, is sending a letter to Deckers’ stockholders “urging them to hold Deckers’ Board of Directors accountable for their lack of transparency and oversight, and Deckers’ chronic underperformance” by voting for its slate of candidates.
Brooks Unveils Its First Customized Running Shoe
At The Running Event in Austin, Brooks Running Company unveiled a new partnership with HP Inc. and Superfeet that will create the first performance running shoe based to an individual’s unique biomechanics.
Perry Ellis Q3 Reaches Upper End Of Guidance
Perry Ellis International reported that both sales and earnings landed in the upper end of its guidance in the third quarter. Sales were driven by strength across its core brands including Perry Ellis, Original Penguin, Nike swim, Golf, as well as Rafaella.
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