TYR will become the Official Swim Partner for the 2017 events including the Escape the Cape Triathlon, Atlantic City Triathlon, Tri the Wildwoods Triathlon, 5k and Kids’ Race, Ironman 70.3 Atlantic City, and Escape to Lewes Open Water Swim.
Category: Sports/Fitness
Sequential Brands Sees Q1 Sales Climb 16 Percent
Sequential Brands Group Inc. reported total revenue for the first quarter ended March 31, 2017 increased 16 percent to $39.4 million, compared to $34.0 million in the prior year quarter.
Adidas Q1 Boosted By North America, China, E-Commerce
Adidas AG reported earnings jumped 30 percent in the first quarter. Results were paced by an 18 percent increase at brand Adidas on a currency-neutral basis as well as a 13 percent increase at the Reebok brand. Combined sales of the Adidas and Reebok brands grew in all market segments except Russia/CIS. Growth was particularly strong in North America (+31 percent), Greater China (+30 percent), Japan (+21 percent) and MEAA (+15 percent).
Gildan Reports 12.2 Percent Growth For Q1
The company saw a strong net sales growth of 12.2 percent in the quarter due to organic growth and the acquisition of companies including Alstyle, American Apparel, and Peds. Gildan expects sales to continue to increase throughout the remaining of 2017 due to organic growth and acquisitions.
Fitbit’s Q1 Slightly Beats Wall Street’s Targets
“Underlying consumer demand has been better than our reported results in North America as we work down channel inventory levels, giving us increased confidence that we will enter the second half of 2017 with a relatively clean channel,” said co-founder and CEO James Park.
Strava Names James Quarles As CEO
Quarles was most recently the vice president of Instagram Business and previously regional director of Facebook in Europe, the Middle East and Africa.
Nautilus Sees Second-Half Comeback For Retail
The second half is expected to be boosted by improved inventory positions across retail, a number of launches, and the expansion of its Bowflex Max Trainer M3 program with Dick’s Sporting Goods.
Hanesbrands Laying Off 220 Amid New Growth Initiative
Champion sales in the U.S. were up double-digits “as we continued to benefit from our refreshed product offering and increased space within the mass channel,” said Rick Moss, CFO.
Big 5 Crushes Q1 Guidance
Said Steven Miller, chairman, CEO and president, on a conference call with analysts. “Our strong results reflect our team’s continued effort to expand our market share gain following the competitive store closures that occurred in our sector last year and capitalized on the favorable weather conditions in our market during the first quarter.”
Brooks To Enter China And Brazil
Brooks Running Company is expanding its global footprint in July 2017 with entry into China and Brazil, two of the largest running markets in the world.
Xenith Partners With Rivals Professional Football League
Xenith will provide helmets for all RPFL players.
Garmin’s Q1 Profits Exceed Wall Street Targets
Garmin’s sales were led by double digit growth in its marine, outdoor and aviation segments. Fitness segment posted a revenue decline of 3 percent driven by lower volume in basic activity trackers partially offset by growth in its advanced wearables with GPS.
Dick’s Stores VP Joins Five Below
George Hill, most recently SVP retail operations at Dicks Sporting Goods, has joined Five Below Inc. as EVP of retail operations.
Gym Source Hires New VP Of Sales And Marketing
Ed Pryts was formerly vice president for all of North America sales at Cybex.
Raleigh Owner Accell Breaks Off Takeover Talks With Bidder Pon Holdings
Accell Group announced it will currently not continue the exploratory discussions with Pon Holdings offer to acquire the company.
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