China said Monday it would retaliate against the U.S. if President Donald Trump imposes more tariffs on Chinese goods, further escalating the global trade war between the two nations.
Category: Sports/Fitness
August M&A Roundup: Implus Nets Sporting Goods Asset
The last full month of summer was again quiet on the M&A front, with only a handful of notable deals in the sporting goods, outdoor and active lifestyle industries. But August did get off to a strong start when Implus announced the company would acquire Pro Performance Sports LLC, dba SKLZ, a provider of multisport athletic performance and skill development training products.
Under Armour Partners To Turn Vacant Lots Into Playgrounds
Community organizations in Baltimore, Los Angeles and Philadelphia will receive grants totaling $330,000 from ESPN, Under Armour and LISC to help transform vacant lots into sports, recreation and play spaces.
Larry Ellison Invests And Partners With Universal Tennis
Universal Tennis announced that Larry Ellison, the executive chairman and chief technology officer of Oracle, has become an investor and partner with the company.
Retail Reports Roundup
Studies arrived showing Nike and Lululemon ranking high among favorite retailers for millennial and Gen Z consumers; Outdoor Voices landing among LinkedIn’s top startups and research on visual search, online personalization, Walmart’s online share gains and voice assistant shopping.
Yue Yuen’s Sales Climb 5 Percent In August
Yue Yuen Industrial Holdings Limited reported sales in August reached $799.5 million against year-ago revenues of $761.3 million, a gain of 5.0 percent.
Lululemon Wins Lawsuit Over Alleged Patent Infringement
The Federal Circuit affirmed a Delaware federal court’s determination that Lululemon’s Run: Stuff Your Bra did not infringe on intellectual property covering a sports bra with an “innovative storage compartment,” according to Law360.
Steelo Becomes First Black-Owned Baseball Glove Company In MLB
Steelo Sports, a baseball start-up company out of Los Angeles, became the first modern-day, black-owned baseball glove brand to be used in a Major League Baseball Game.
Motiv Group Appoints Chief Executive Officer
Motiv Group, an active lifestyle, sports and entertainment company, announced the appointment of Sam Renouf as the company’s chief executive officer, effective immediately.
Journeys Powers Genesco Ahead In Q2
Driven by huge gains in revenues and profitability at Journeys, Genesco Inc. reported the company’s first positive store comp in eight quarters while posting a surprise profit in the second quarter. Said Bob Dennis, Genesco’s CEO, “Despite lapping positive comparisons when Journeys successfully emerged from the fashion shift a year ago.”
Aisle Talk Week Of September 3
Top headlines from the active lifestyle industry you may have missed this week, including the tragic death of Jason Hairston, the founder of the KUIU hunting apparel brand.
Genesco Returns To Positive Comps
Genesco Inc. reported a surprise profit in the second quarter as the company showed the company’s first overall positive store comp in eight quarters. The comp gains were led by Journeys Group, up 10 percent and Johnston & Murphy, 8 percent. Lids’ comps were down 5 percent but improved sequentially versus the first quarter.
Augusta Sportswear Signs Paralympian As Newest Ambassador
Augusta Sportswear has signed Scott Winkler, a paralympian who has set records in the shot put, as a brand ambassador.
Champion Launches First-Ever ESports Partnership
Team Dignitas, the esports franchise of the Harris Blitzer Sports & Entertainment portfolio, announced a multi-year partnership with Champion Athleticwear, marking the brand’s first esports team and franchise partnership and foray into the esports ecosystem.
Amer Sports Puts Mavic Under Strategic Review
Amer Sports Corp. said the company has decided to place the Mavic cycling business under strategic review as part of an update on the company’s business strategy.
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