The U.S. and China have made the most significant progress to date in their trade talks, outlining commitments in areas such as intellectual property rights, services, currency and agriculture barriers to trade, Reuters reported.
Category: Sports/Fitness
Point 3 Secures Investment From Baron Davis
Baron Davis, the former NBA star, recently made an investment in Point 3 Basketball, the specialist in basketball uniforms and socks, and has become its creative director.
Gildan Activewear’s Profits Jump In Q4
Gildan Activewear reported adjusted earnings rose 31.5 percent in the fourth quarter. Revenues jumped 13.6 percent, led by a 22.3 percent increase in activewear sales.
PVH To Acquire Australian Partner
PVH Corp. has entered into a definitive agreement to acquire Gazal Corporation Limited, its long term partner in Australia.
Wolverine’s Shares Sink On Cautious Guidance
Wolverine World Wide reported sales came in slightly below Wall Street’s expectations but are expected to accelerate to mid-single digit growth in the back half of 2019 due to an expected turnaround at Saucony and accelerated growth at Merrell and Sperry. EPS guidance for 2019, however, came in below expectations as the company plans to ramp up brand-building efforts this year.
SportsEngine To Sponsor USA Hockey’s Try Hockey for Free Day
SportsEngine Inc., the country’s largest youth sports directory, is partnering with USA Hockey to promote participation in youth hockey across the United States during USA Hockey’s Hockey Week Across America.
Escalade’s Sales Climb In Q4
Escalade, Inc. reported 4.7 percent in the fourth quarter but operating earnings were flat due to acquisition-related expenses
Foot Locker To Ramp Up Capital Spending In 2019
Foot Locker Inc. said its Board of Directors approved a $275 million capital expenditures program for 2019, compared to the approximately $200 million in 2018. The increased spending reflects increased investments in the company’s store fleet in all existing regions, including Asia, and in its digital initiatives.
USA Gymnastics Appoints President
USA Gymnastics announced that Li Li Leung has been appointed president and chief executive officer . Leung most recently served as a VP at the National Basketball Association (NBA), where she has been responsible for managing key partner relationships.
Altra Signs On As Title Sponsor of Tobacco Road Half Marathon
Altra is now the Title Sponsor of the Tobacco Road Half Marathon, which takes place on Sunday, March 17, 2019, in Cary, NC along with the Tobacco Road Marathon.
Pepsi Acquires Muscle Milk
Hormel Foods Corp. said it has entered into a definitive agreement to sell its CytoSport business, which includes Muscle Milk, to PepsiCo, Inc., the parent of Gatorade.
Garmin Q4 Earnings Top Wall Street’s Targets
Garmin Ltd. reported fourth-quarter earnings that came in well above Wall Street’s targets with a boost from higher demand for its outdoor and aviation gadgets. Revenues improved 4 percent, led by a 25 percent gain in its outdoor segment and 22 percent in aviation.
Varsity Brands Names Finalists In 2019 School Spirit Awards
Varsity Brands announced that its school pride event, the Varsity Brands School Spirit Awards, has named finalists for its 2019 School Spirit Awards.
Pony Reaches New Licensing Agreement With One Step Up
Iconix Brand Group Inc. has signed a new agreement with One Step Up to be the exclusive apparel and footwear licensee for the Pony brand in North America.
361 Degrees Forecasts Profit Decline For 2018
361 Degrees International Limited said it expects a “notable” decline in earnings before taxes in 2018 due to an expected loss for the second half due in part to the U.S./China trade dispute.
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