Adidas reported Wednesday that its business in the greater China area had dropped by about 85 percent year-on-year in the period since Chinese New Year on January 25.
Category: Sports/Fitness
Puma’s Q4 Revenues Climb 21 Percent
Puma reported earnings jumped 55.0 percent in the fourth quarter on a 30.6 percent revenue gain. All regions and all product divisions were up by double digits. Puma warned, however, that the coronavirus outbreak has been impacting 2020 results.
Garmin’s Q4 Beats Expectations On Strong Fitness Growth
Garmin Ltd. reported fourth-quarter earnings that beat expectations and provided an upbeat outlook for 2020. All of Garmin’s business segments beat expectations, led by Fitness, up 34 percent; Marine and Aviation, both up 22 percent; and Outdoor, up 16 percent.
Golf Rounds Played Climb In December
Golf rounds played for December 2019 rose 8.3 percent nationally compared to a year ago, according to Golf Datatech. For the year, gold rounds played grew 1.5 percent.
Puma Signs Kendrick Nunn And Derrick Jones Jr.
Puma added Kendrick Nunn and Derrick Jones Jr., who both play for the Miami Heat, to the brand’s roster of NBA ambassadors.
Half Of U.S. Adults Want To Lose Weight
Losing weight is a top wellness goal for half of the U.S. adult population, according to a study from the NPD Group. Some wishing to lose weight will not follow a diet plan but instead carefully choose the foods they eat and about 25 percent of consumers will follow a diet plan.
Pop Warner Launches Its Own Uniform Brand
Pop Warner Little Scholars Inc., the nation’s premier youth football organization, is introducing its own brand of custom-designed tackle football, flag football and cheerleading uniforms. Pop Warner’s decision to create its own uniform brand is in response to local team administrators around the nation who wanted a simpler, more cost-effective and reliable alternative to ordering uniforms.
Herm Edwards Headlines NSGA Management Conference & Team Dealer Summit
Herm Edwards, the legendary football coach, will be the kickoff keynote speaker at the National Sporting Goods Association’s (NSGA) 56th Annual Management Conference & 22nd Annual Team Dealer Summit in Phoenix, AZ.
Anta Sports Sees Coronavirus Outbreak Impacting First-Half Results
Anta Sports Products expects the coronavirus outbreak will impact its financial performance in the first half of 2020 but is aiming for a recovery in the second half, the Chinese company said in a stock exchange filing. Roughly 40 percent of the company’s stores in mainland China have re-opened.
NBA To Lose ‘Hundreds Of Millions’ In China Over Hong Kong Tweet
NBA Commissioner Adam Silver said on Saturday that the league will likely lose “hundreds of millions of dollars” in lost sponsorships and broadcast revenue from its standoff with the Chinese government after an executive last year tweeted his support for Hong Kong’s protesters.
Michael Avenatti Found Guilty On All Counts In Nike Extortion Trial
Michael Avenatti, the celebrity lawyer, was convicted of all three charges related to his efforts to extort up to $25 million from Nike. Nike issued a statement after the guilty verdict: “The verdict speaks volumes. We thank the jurors for their time and service which is the bedrock of the American judicial system.”
Nike’s Chief Digital Officer Joins Epic Games
Adam Sussman, former chief digital officer at Nike, was appointed president of Epic Games, which makes numerous video games, including the popular Fortnite game.
Asics’ Q4 Sales In North America Show Modest Decline
Asics Corp.’s sales in the North American region in the fourth quarter slid 5.5 percent to ¥18.8 billion ($171 mm) from ¥19.9 billion a year ago. The operating loss in the region was reduced to ¥2.12 billion ($19 mm) from ¥2.95 billion.
Moody’s Downgrades Under Armour’s Debt Rating
Moody’s Investors Service downgraded Under Armour Inc.’s senior unsecured rating to Ba1 from Baa3. The rating was also placed under review for further downgrade. The downgrade reflects the brand’s ongoing challenges reinvigorating growth in its core North American market and its potential 2020 restructuring plan.
Vuori Hires Senior Director Of Retail
Vuori, a performance apparel brand based in Encinitas, CA., hired Catherine Pike as senior director of retail. Pike most recently served as the executive vice president of franchise operations for FIT4MOM and formerly headed the southwest territory for Lululemon.
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