HanesBrands Inc. said its Champion business, excluding the C9 line being phased out at Target, catapulted 50 percent in the fourth quarter, reached $1.36 billion in the full year, and is well on track to hit $2 billion in annual sales by 2022.
Category: Sports/Fitness
Foot Locker Announces $100M Strategic Investment In GOAT Group
Foot Locker Inc. announced that it is making a $100 million strategic minority investment through its subsidiary in 1661, Inc., d/b/a GOAT, a managed marketplace for authentic sneakers operating the GOAT and Flight Club brands.
HanesBrands Q4 Powered By Huge Growth For Champion
HanesBrands announced fourth-quarter 2018 results, including net sales growth of 7 percent and double-digit operating profit growth. Both earnings and sales exceeded Wall Street’s targets. Champion sales increased more than 50 percent outside the U.S. mass channel.
January M&A Roundup: Media Companies Make News As Landscape Shifts
Consumer and trade publications are accustomed to reporting news, but in January companies in the active lifestyle and action sports media made news through a host of acquisitions that could drastically affect industry coverage moving forward.
Newton Running To Sponsor USA Triathlon
USA Triathlon and the USA Triathlon Foundation announced a partnership with Newton Running to serve as the exclusive running shoe of both organizations through 2021.
LivBar Hires New CEO And Gains New Funding
Liv Foods, Inc., maker of LivBar, organic superfood energy bars, has hired Wade Brooks as its new CEO.
OwnWay Apparel Appoints Matt Russell As Brand Ambassador
OwnWay Apparel announced a new partnership with multiple Ironman champion athlete, Matt Russell.
Former Oakley Design Leader Hans Moritz Joins Axon
Axon, a maker of connected public safety technologies, announced the appointment of Hans Moritz as Axon’s new vice president of Hardware Research and Development.
Callaway Golf Misses On EPS, Beats On Revenue in Q4
Callaway Golf Co. on Wednesday announced its full year 2018 financial results and provided financial guidance for 2019, including contributions from Jack Wolfskin, which the company acquired in January 2019.
NRF Sees 2019 Growth Between 3.8 And 4.4 percent
The National Retail Federation forecast that retail sales during 2019 will increase between 3.8 percent and 4.4 percent to more than $3.8 trillion despite threats from an ongoing trade war, the volatile stock market and the effects of the government shutdown.
BSN Sports Signs Olympic Swimmer As Brand Ambassador
BSN Sports announced that that Jessica Hardy Meichtry, Olympic swimmer and 12-time World-Record holder, has joined the company as a brand ambassador for the Swim Division.
Nike Signs Clean Energy Deal In Europe
Nike signed its first European clean energy deal with Iberdrola, the Spanish utility, with a goal of having all its offices in Europe powered by renewable energy by 2020.
Sir George Buckley Joins eGym As Chairman
Sir George W. Buckley, the former CEO of 3M, is joining the Munich-based sports technology company eGym as its chairman.
NBC Sports Group, Rory McIlroy Inc. Launch Digital Golf Membership GolfPass
NBC Sports Group and global golf superstar Rory McIlroy on Tuesday announced the launch of GolfPass, a new digital membership delivering comprehensive benefits tailored to the modern golfer’s lifestyle.
Foot Locker Announces Global Realignment To Support International Growth Strategy
Foot Locker Inc., the New York-based specialty athletic retailer, on Tuesday announced a realignment of its organizational operating model into three distinct geographical regions: Europe, Middle East and Africa (EMEA); Asia Pacific; and North America, to better align its resources across its international businesses, and to develop an infrastructure to support an expansion plan within the Asian market.
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