Callaway Golf Company signed 2017 NCAA Player of the Year Sam Burns to a staff pro agreement.
Category: Sports/Fitness
Luxottica’s Q3 Sales Dip On Currency Headwinds
Luxottica Group, the parent of Oakley, Ray-Ban and Sunglass Hut, reported sales in the third quarter were up 0.8 percent at constant exchange rates but slid 3.5 percent at current exchange rates as a result of the strong Euro appreciation against the main currencies.
McDavid Partners With Marc-André ter Stegen
McDavid has formed an official partnership with German soccer goalkeeper Marc-André ter Stegen as global ambassador.
VF Corp.’s Tops Q3 Targets, Lifts Outlook
VF Corp. again raised its outlook for the year after reporting third-quarter earnings that came in well above Wall Street’s targets. In Outdoor & Action Sports, its largest coalition, revenue increased 8 percent, led by a 28 percent gain by Vans.
NRF: Imports Set A Second Record High
Imports set a second all-time monthly record high this summer as retailers brought in merchandise for the busy holiday season, and are continuing at unusually high levels this month, according to the monthly Global Port Tracker report released this month by the National Retail Federation and Hackett Associates.
Under Armour Signs Syrian Swimmer
Under Armour added 19-year old Syrian freestyle and butterfly swimmer Yusra Mardini to its team of international athletes.
Bauer Launches Expanded Women’s Hockey Campaign
Bauer Hockey launched its most robust and expansive women-specific initiative in history as part of its campaign to grow and advance female hockey.
Lululemon Upgraded On “Overblown” Amazon Fears
“We believe recent mkt concerns (Amazon, denim, weather) are overblown, and we believe current levels represent an attractive entry point for one of the best performing brands (and long term growth stories) in all of retail,” Citi analyst, Paul Lejuez, wrote in a note to clients.
Skechers Q3 Powered By International Growth
Led by gangbuster gains in international markets and a gritty performance in the challenging U.S. marketplace, Skechers USA reported earnings in the third quarter that handily topped estimates.
Aisle Talk, Week Of October 16
Top headlines from the active lifestyle industry you may have missed this week.
Adidas, Patagonia Achieve Fair Labor Reaccreditation
The programs at Adidas and Patagonia, both long-time Fair Labor Association (FLA) members, were reaccredited for their continued work to build and maintain internal structures that support the highest workplace standards.
Skechers Easily Tops Wall Street’s Q3 Targets
Skechers USA Inc. reported net earnings in the third quarter jumped 41.8 percent on a 16.2 percent revenue gain. The top-line gains were driven by double-digit increases in its company-owned Skechers retail business worldwide and its international subsidiary and joint venture businesses.
GoPro’s Shares Upgrade On Potential Earnings Upside
Longbow Research upgraded GoPro to “Buy,” believing a selloff due to concerns over the launch of Google Clips was overdone and expectations that the company is set to deliver 2018 earnings growth solidly above Street estimates.
Jefferies Sees Curry 4 Becoming Top B-Ball Sneaker This Year
“Our calls, store visits, social media analysis and review of StockX pricing of Curry 4 soft launches (official launch 10/27) points to very strong buzz in the market,” Randal Konik, Jefferies’ lead analyst, wrote in a note to clients.
Goldman Sachs Downgrades Nike Due To Inventory Concerns
Lindsay Drucker Mann wrote in a note that wholesale growth for Nike will be “tougher to come by” with declining traffic and poor productivity at traditional brick and mortar retail partners “driving excess inventory in the system.”
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal