Big 5 Sporting Goods Corp. reported a loss of $5.1 million, or 24 cents a share, due to asset impairment and contract termination charges and lower margins. Same-store sales improved 1.1 percent in the period. The west-coast sporting goods chain predicted a profit against a loss in the first quarter.
Category: Sports/Fitness
Stuart Snow To Retire From Nation’s Best Sports
Stuart Snow, director of recruiting and member services for Nation’s Best Sports (NBS), announced his retirement early this month after celebrating his 20-year anniversary.
Easton Partners With Universities For College Baseball
Easton said it has formed partnerships with over 89 college baseball programs across the country, including 50 Division I NCAA and 11 programs in the pre-season top 25 rankings.
NSGA’s Larry Weindruch Retires, Celebrating 33 Years Of Service
The National Sporting Goods Association (NSGA) announced that Director of Public Affairs Larry Weindruch, CAE is retiring effective March 1.
Cascade Maverik Renews University Sponsorships
Cascade Maverik Lacrosse, the maker of head protection and lacrosse equipment, renewed long-term partnerships with Penn State University, University of Michigan, Villanova University and Fairfield University men’s lacrosse teams.
Anta Sports Delivers Another Year Of Double-Digit Growth
Anta Sports, which has reached an agreement to acquire Amer Sports, reported another year of significant sales and earnings gains in 2018. Sales jumped 44.4 percent and earnings climbed 42.9 percent.
Fleet Feet Launches Rewards App
Fleet Feet announced the launch of its revamped customer rewards program in conjunction with a new app.
Adidas Earns Upgrade On Yeezy Momentum
Wells Fargo raised its rating on Adidas to “Outperform” from “Market Perform” due to the success the brand is finding with its “democratization” of Yeezy, its sub-brand collaboration with Kanye West.
Spartan Launches Employee Fitness App
Spartan, the obstacle course race and endurance brand, has entered the $13 billion corporate wellness sector with the development of its SpartanFit Challenge App.
Wilson Launches Team Shop Website
Wilson Sporting Goods has introduced a new Wilson Team Shop website that streamlines the process for coaches, parents and players ordering gear for the upcoming baseball and softball season.
Fila Announces Partnership With Tommy Haas
Fila announced that it has reached a sponsorship agreement with former World No. 2 ranked tennis star Tommy Haas.
Moody’s Confirms Brunswick Corp’s Debt Ratings
Moody’s Investors Service confirmed Brunswick Corporation’s Baa2 senior unsecured rating. The rating outlook is stable.
Umbro To Sponsor Soccer Shots
Umbro has signed a multi-year deal to be the official apparel partner for Soccer Shots, an international franchise program that provides children ages two through eight with an age-appropriate soccer and character development experience.
Peloton Selects Bankers For IPO
Peloton has retained Goldman Sachs and JP Morgan to lead its initial public offering in a deal expected to value the in-home cycling studio specialist at more than $8 billion, according to Bloomberg.
Tariff Hike Postponed
On Sunday, President Donald Trump delayed the March 1 deadline to increase tariffs on Chinese goods, citing “substantial progress” during a week of trade talks in Washington, D.C. between U.S. and Chinese officials.
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