Delta Apparel said robust growth for its Salt Life brand and digital print business, DTG2Go, drove a 12.5 percent climb in sales in the first quarter ended December 29, along with a spike in profitability excluding non-recurring items. Improving sales at Soffe and continued strength in fashion basics in its activewear business also supported the gains.
Category: Sports/Fitness
BikeCo Purchases ASE Assets As Going Concern
BikeCo, LLC, a joint venture consisting of Tiger Capital Group and Advanced Holdings Co. Ltd., has acquired the assets of Advanced Sports Enterprises (ASE). The winning bid, approved by the bankruptcy court on February 1, exceeded $23 million.
Academy Sports Appoints Steven Lawrence As EVP And Chief Merchandising Officer
Academy Sports + Outdoors announced that Steven P. Lawrence has been appointed executive vice president and chief merchandising officer, effective February 11. He was most recently CEO of Francesca’s and has also been chief merchandising officer at Stage Stores.
Fila Extends Sponsorship Of The BNP Paribas Open
Fila has extended its Premier Sponsorship agreement with the BNP Paribas Open, the largest ATP Tour and WTA combined two-week event in the world.
Gladiator Lacrosse Acquires All Ball Pro
Gladiator Lacrosse LLC announced the acquisition of St. Louis-based All Ball Pro, which currently manufactures and distributes commercial-grade and professional-grade rebounders for lacrosse and a variety of other sports.
Under Armour To Continue Lindsey Vonn Sponsorship Post-Retirement
Under Armour plans to continue its sponsorship of Lindsey Vonn after her retirement. On Friday, the legendary skier announced she planned to retire after the World Championships this week in Sweden.
Outdoor Voices Names Pamela Catlett As President And Chief Operating Officer
Outdoor Voices, the cult women’s activewear brand, announced the appointment of Pamela Catlett, a f former Nike and Under Armour executive, as president and chief operating officer.
Genesco Completes The Sale Of Lids Sports Group To FanzzLids Holdings
Genesco Inc. announced that the company has completed the sale of its Lids Sports Group to FanzzLids Holdings for $101 million.
Delta Apparel’S Q1 Hit By Sports Authority Litigation Charge
Delta Apparel Inc. took a $2.5 million charge in the first quarter ended December 29 in connection with the resolution of litigation stemming from The Sports Authority’s March 2016 bankruptcy. Earnings grew strongly excluding the charge as sales advanced 12.5 percent.
Unifi Lowers FY Guidance On Pricing Pressures
Unifi Inc. reported an operating loss in its second quarter ended December 30 and lowered its guidance for its fiscal year. The fibers specialist placed the blame on a spike in raw material costs, suppressed demand in the Americas and a weaker sales mix.
Adidas Pulls Sneaker Dedicated To Black History Month After Backlash
Adidas announced it was pulling a shoe from its Black History Month lineup following social media uproar.
PHIT America Partners With Zift
Zift partnered with PHIT America to develop a mobile app that encourages physical activity. The app provides screen time parenting tools, as well as insights and resources to families.
USTA And Life Time Partner To Grow Tennis Participation
The United States Tennis Association (USTA) and Life Time announced an alliance to grow the sport of tennis, especially among younger players.
Purus Labs Appoints President and CEO
Purus Labs, the sports nutrition company, announced that Shawn Moe will join the Purus Labs Team as a partner and will be the new president and CEO.
Roark Capital Acquires Fitness Connection
Roark Capital, an Atlanta-based private equity firm, acquired a majority stake in Fitness Connection from LNK Partners. Fitness Connection has over 500,000 members across its 41 health clubs in Texas, North Carolina, and Nevada.
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