Top headlines from the active lifestyle industry you may have missed this week, including Mammut North America—a division of Swiss-based Mammut Sports Group AG—parting ways with the company’s managing director, Joe Prebich (pictured), for undisclosed reasons.
Category: Sports/Fitness
Skechers Seeing Boost From Chunky Shoe Trend
Shares of Skechers USA rose $3.60, or 13.8 percent, to $29.72 Friday after the company reported earnings topped guidance in the third quarter, thanks to tigher cost controls. A healthy bounce-back was also predicted for the fourth quarter, led by a return to growth in the company’s domestic-wholesale segment with the help of robust demand for the brand’s D’Lites chunky style.
Goat Announces Lakers’ Kyle Kuzma As Brand Ambassador
Goat, the marketplace for sneakers, announced a partnership with the Los Angeles Lakers’ Kyle Kuzma as the company’s first Brand Ambassador. The 2018 All-Rookie First Team select will represent Goat on and off the court throughout the NBA season.
Puma Signs DeMarcus Cousins
Puma has officially signed DeMarcus Cousins of the Golden State Warriors after Nike declined to exercise the company’s match rights according to ESPN.
Perry Ellis Shareholders Approve Proposed Transaction With George Feldenkreis
Perry Ellis International Inc. announced that based on the vote tally from the Special Meeting held Thursday, Perry Ellis shareholders have approved the proposed transaction with George Feldenkreis in which Perry Ellis will become a private company through a $437 million transaction.
Nike’s CIO Joins Merck & Co
Jim Scholefield, Nike Inc.’s global CIO, is joining Merck & Co. as chief information and digital officer, effective October 29.
Schuylkill Valley Sports Partners With Celerant Technology On New SSI Data Linked Platform
Celerant Technology, a leading provider of innovative retail and e-commerce solutions, announced that Schuylkill Valley Sports (SV Sports) has become the company’s first client to integrate their weekly SSI Data point-of-sale data reporting through Celerant’s new integration tools that connect seamlessly with SSI Data. Through this integration, SV Sports has easy access to robust marketplace trend reporting tools and reports to help the company compete and grow business.
Skechers Q3 Earnings Dip
Skechers USA reported earnings eased 1.7 percent in the third quarter but results came in slightly ahead of a forecast given in July. Sales rose 7.5 percent, led by double-digit growth in both the company’s international wholesale and worldwide company-owned retail businesses, but came in below targets.
Fanatics Partners With German Football Association
The German Football Association (DFB) announced a partnership with Fanatics. Beginning in January 2019, the new long-term partnership will see fans of the national team provided with a greater range of products and wider availability around the world.
Project Play Summit To Be Held In Washington, D.C.
The Aspen Institute Project Play Summit, designed to address the cost barriers kids from lower income households increasingly face participating in youth sports, will be held in Washington, D.C. on October 16.
New Iconix CEO Resigns From Big 5’s Board
Big 5 Sporting Goods reported Robert Galvin, who was just named CEO of Iconix Brand Group, has resigned from the company’s board of directors.
RECALL: Adidas Kids Swimwear
Adidas announced a voluntary recall of kids’ swimwear products of the Infinitex 3-Stripe range.
Under Armour Signs Two NBA Rookies: Mo Bamba And Hamidou Diallo
Under Armour signed Orlando Magic rookie center Mo Bamba and Oklahoma City Thunder rookie guard Hamidou Diallo.
Play It Again Sports Parent Sees Robust Q3 Profit Gain
Winmark Corporation, the parent of Play It Again Sports, reported net income for the quarter ended September 29, 2018 of $8.36 million, or $2.01 per share, compared to $5.86 million, or $1.36, in the third quarter of 2017.
Lululemon To Sponsor Kansas City Marathon
The Kansas City Marathon presented by Garmin has entered into an apparel partnership with Lululemon.
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