Fanatics Hatches Deal With South Korea’s Coupang

Fanatics reached an agreement to become the exclusive provider of fan merchandise on Coupang, South Korea’s largest internet marketplace. The deal marks Fanatics’s second global marketplace deal after an agreement with Walmart was announced last month.

Acushnet’s Q4 Profits Slide On Sales Dip

Acushnet Holdings Corp., the parent of Titleist, reported Fourth quarter net income of $11.4 million, down 37.4 percent year over year. Sales of $343.4 million were down 2.3 percent year over year and dipped 1.4 percent in constant currency.

Zone7 Raises $2.5 Million Seed Round

Zone7, which uses data and analytics to identify the potential for injuries with athletes, has raised $2.5 million in seed funding, led by Resolute Ventures, with participation from UpWest, Amicus Capital, Dave Pell, PLG Ventures, as well as current and former professional athletes.

Fitbit Sees Profit Rebound In Q4

Fitbit Inc reported a profit on an adjusted basis of $36.3 million, or 14 cents a share, rebounding from a loss of $4.7 million, or 2 cents, a year ago. Sales inched up 0.1 percent to $571.2 million from $570.8 million. Device sales grew for the first time since the fourth quarter of 2016.

Sports Stars To Support PHIT Act On Capitol Hill

On March 13, 2019, the Sports & Fitness Industry Association (SFIA) will be hosting the 20th annual National Health Through Fitness Day to promote the Personal Health Investment Today (PHIT) Act. Herschel Walker, Steve Garvey and Carl Lewis will be among the sports legends in attendance.

Big 5 Turns Bullish As Winter Kicks In

Big 5 Sporting Goods Corp. said its holiday quarter came out better than expected as chilly weather goosed sales. Continued seasonal weather into February also has the California-based chain upbeat for the first quarter.

Academy Sports To Open Five Stores

Academy Sports + Outdoors announced plans to open five stores. The stores will open in Georgetown, TX; Buford, GA; Gastonia and Mooresville NC; and Ardmore, OK.

VF Corp. Signs On As Title Sponsor Of Colorado Classic

Organizers of the 2019 Colorado Classic (August 22-25) announced that VF Corporation will be the first title sponsor in the race’s history. The exclusive title sponsorship by VF is a two-year commitment that provides financial and marketing support for the stand-alone women’s pro cycling race.