Mizuno Corp said its America region returned to profitability for the first time in four years. Sales fell for the third straight year.
Category: Sports/Fitness
Descente’s Earnings Slide In The Year
Descente Ltd. reported net income declined 31.7 percent in its year ended March 31 due to an increase in SG&A expenses and impairment charges related to Inov-8 and Skins. Revenues inched up 0.9 percent.
Cannondale Driving Rebound For Dorel Sports
Dorel Industries said its Dorel Sports’ segment showed some recovery in the first quarter. Growth at Cycling Sports Group (CSG), led by Cannondale, helped offset continued pressures at the mass channel. Said Martin Schwartz, Dorel’s CEO, “We’re excited about prospects with the Cannondale line demonstrating excellent momentum.”
ElliptiGO Announces New Operations, Sales Team Members
ElliptiGO Inc., the pioneer of stand-up cycling, announced the addition of two new team members at both their San Diego headquarters and in the field. Jessica DellaRossa has been hired as a sales operations specialist. Cindy Decker has been hired as a territory sales manager.
Mueller To Sponsor World Federation Of Athletic Training And Therapy
Mueller Sports Medicine has signed on as the Official Sponsor of The World Federation of Athletic Training and Therapy (WFATT). WFATT encourages the development and growth the profession globally.
Vicis Partners With Conference USA
Conference USA and Vicis, the maker of football helmets, announced a partnership to extend access to the Vicis Zero1 conference-wide and educate football players on the latest safety advancements in sports equipment.
Lululemon Strips Founder Chip Wilson Of Right To Appoint Board Member
Lululemon in a regulatory filing declared that founder Chip Wilson’s right to appoint a board director has been terminated.
RYU Apparel Reports 67 Percent Revenue Hike In 2018
RYU Apparel Inc. reported revenue for the year ended December 31 reached $5.05 million, 67 percent higher than revenue of $3.0 billion in 2017.
Under Armour Opens New Omni Distribution House
Under Armour officially opened the doors to its new state-of-the-art Omni Distribution House (ODH). ODH is a 1.3 million square foot distribution and warehouse facility, located in Sparrows Point in Baltimore County, MD.
Kahunaverse Sports Group Acquires Soccer Express
Kahunaverse Sports Group, one of Canada’s largest providers of institutional and team sporting equipment, apparel and accessories, has acquired Soccer Express Trading Corp.
Xceed Acquires Peaks Apparel
Xceed, the custom activewear brand based in Mexico City, announced plans to rapidly expand its brand through the acquisition of U.S.-based Peaks Apparel.
Sequential Brands’ Active Portfolio Gains Further Traction In Q1
Sequential Brands Group Inc. reported first-quarter earnings on an adjusted basis came in below plan due to transition challenges of licensing agreements at its Fashion segment. The company’s Active brands, led by Gaiam, And1 and Avia, continue to see strong growth
Asics Returns To Growth In North America
Asics Corp. reported sales increased 4.2 percent in the first quarter in the North America region as the Performance Running category returned to positive growth.
Wolverine World Wide Tops Guidance In Q1
Wolverine World Wide reported earnings in the first quarter were down slightly on an adjusted basis but exceeded guidance as its top-five brands, including Merrell and Saucony, saw revenue arrive above plan during the quarter to offset some challenges at Sperry.
Saucony Promotes Joe Toth To VP Of U.S. Sales
Saucony, a division of Wolverine Worldwide, Inc., announced the promotion of Joe Toth to the position of vice president of U.S. sales.
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