The Spanish FA (RFEF) confirmed a new kit deal with Adidas to remain as the official kit supplier for the Spanish national team. The new contract extends until December 2030.
Category: Sports/Fitness
Under Armour’s Debt Ratings Affirmed
Standard & Poors (S&P) affirmed the debt ratings of Under Armour as the firm’s credit metrics have improved as a result of reduced restructuring costs, driving EBITDA margin expansion and higher cash flow generation. The agency did note that the potential ratings impact of the recently revealed accounting investigation by the Securities and Exchange Commission (SEC) and Department of Justice (DOJ) is uncertain
Eight Sleep Secures $40M Investment
Sleep fitness company Eight Sleep has raised $40 million in funding led by Founders Fund with participation from other investors that included Craft Ventures, Khosla Ventures, Y Combinator, 8VC, Flexport founder Ryan Petersen, and Eventbrite co-founder and chairman Kevin Hartz.
Ballogy Names James Isch Advisory Board Chairman
Ballogy Inc., the Austin-based software company changing the way youth and amateur athletes train and develop for their sports, named longtime National Collegiate Athletic Association (NCAA) executive James (Jim) Isch, Ph.D. chairman of the Ballogy advisory board.
Nike To End Pilot With Amazon
Nike will stop selling on Amazon, ending a pilot program that started in 2017. Nike said in a statement, “As part of Nike’s focus on elevating consumer experiences through more direct, personal relationships, we have made the decision to complete our current pilot with Amazon Retail.”
Topgolf Announces Major Expansion in Asia Through Franchise Partnership
Topgolf Entertainment Group continues its global expansion by entering into a franchise agreement with Sports Entertainment Asia, H.K. Limited (SEAL) with plans to open venues in Greater China (comprising Mainland China, Hong Kong, Macau and Taiwan) and the Philippines.
Mizuno’s Earnings In Half Boosted By Americas
Helped by improved profitability in the Americas region, Mizuno reported net income rose 21.7 percent in the half despite a 1.7 percent sales decline.
Adidas To End Speedfactory Operations In Germany And U.S. in 2020
Adidas announced that production at the two Speedfactories in Ansbach, Germany, and Atlanta, GA will be discontinued as of April 2020. The Speedfactory technology, however, will not be abandoned: Adidas said it will be used to produce sneakers at two suppliers in Asia.
Summit Golf Brands Announces New Sales Leadership In Australia And New Zealand
Summit Golf Brands (SGB) announced a partnership between the company and Michael Barry. The partnership, effective immediately, will have Barry and his team of seven sales professionals represent all of the SGB’s brands (Fairway & Greene, Zero Restriction, B Draddy and EP New York) to leading clubs, resorts and corporations in Australia and New Zealand.
OnCore Golf Appoints John Calabria As Senior Technical Advisor
Buffalo-based OnCore Golf Technology, Inc. announced that John Calabria has been named the firm’s senior technical advisor and has taken on an expanded leadership role in the company’s development, design, and manufacture of best-in-class golf balls.
Planet Fitness’ Q3 Same-Store Sales Climb 7.9 percent
Planet Fitness inc. reported earnings on an adjusted basis increased 19.5 percent on a 22.1 percent revenue gain.
Dick’s Announces Black Friday Doorbusters And Holiday Hours
Dick’s Sporting Goods announced a preview of its Black Friday Doorbusters, holiday hours and conveniences for busy shoppers, while also releasing the trailer for the Company’s holiday TV spot.
Delta Apparel Ups Q4, Full-Year Sales And Earnings Estimates
Delta Apparel, the parent company of iconic brands Salt Life and Soffe, among others, has increased its estimates for both sales and earnings per share for the fiscal fourth quarter and full-year ending December 31.
Planet Fitness Partners With Bravo Fit In Aussie Expansion Effort
Planet Fitness signed an Area Development Agreement with Bravo Fit Holdings Pty Ltd., which will bring a minimum of 35 Planet Fitness locations to Australia over the next several years.
Nautilus’ Q3 Revenues Tumble 32 Percent
Nautilus Inc. reported a loss in the third quarter as sales fell 32.2 percent.
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