Dick’s Sporting Goods reported a modest gain in profits that easily topped Wall Street’s targets, but sales came in lower than plans due to the company’s decision to exit some hunt and electronics categories and “significant declines” at Under Armour. Dick’s lifted earnings guidance but lowered the company’s comp guidance for the year.
Category: Sports/Fitness
NBA To Remove Restrictions On Sneaker Colors
The National Basketball Association (NBA) is removing color restrictions on players’ sneakers for the first time in league history, according to ESPN.
Superfeet: Taking Shape To New Realms
Superfeet has grown more than 40 percent in the last five years, moved into footwear and 3D-printing, become 100-percent employee owned and now has a new mission statement. John Rauvola, Superfeet’s CEO, discusses the new mission, emerging opportunities in new and old areas, and the company’s unique culture.
Report: Adidas Close To Inking Mega Deal With Arsenal
Adidas is close to replacing Puma as the sponsor of Arsenal in a five-year deal valued at $385 million. The kit deal would rank at as the third biggest in soccer history.
Makura Sport Launches Mouthguards In North America
Makura Sport has partnered with Sidelines Sports, a Canadian sporting goods wholesaler and distributor, to make its mouthguards available to customers and athletes throughout Canada.
Seth Waugh Named PGA Of America CEO
Seth Waugh, a former Deutsche Bank Americas CEO, has been named chief executive officer of the PGA of America.
Cannondale Appoints Creative Director
Cannondale has appointed Nick Larsen as its new global creative director. Dennis Kim has been appointed marketing director and Katie McManus becomes senior manager for North American marketing.
RYU Apparel Reports Robust Sales Gains In Q2
RYU Apparel Inc., creator of urban athletic apparel, reported sales of $114 million in the second quarter, 78 percent higher than the same period in 2017.
PVH Launches Izod In Europe
PVH Corp announced that it will be launching Izod in Europe this fall, starting in Spain, Germany, the Netherlands and Scandinavia.
Canaccord Genuity Downgrades Hibbett On Q2 Miss
Canaccord Genuity on Monday downgraded shares of Hibbett Sports following the retailer’s wide miss of second-quarter estimates due to sluggish sales and rising operating costs.
U.S., Mexico Reach Preliminary Agreement To Restructure NAFTA
The Trump administration and Mexico have reached a preliminary accord to end the North American Free Trade Agreement and replace the agreement with a deal that the administration wants to be more favorable to the United States, according to the Associated Press.
Bob Dickman And Ronny Flowers Elected To NSGA Hall Of Fame
NSGA’s Hall of Fame Committee elected Bob Dickman, BSN Sports, Richmond, Ind., and Ronny Flowers, Athletic Supply, Inc., Odessa, Texas, to join the organization’s Hall of Fame in 2019.
Under Armour Returns As 3M Half Marathon Presenting Sponsor
High Five Events announce the return of Under Armour, Inc. as the presenting sponsor of the 3M Half Marathon in Austin.
Serena William’s Catsuit Faces Ban At French Open
The French Tennis Federation is introducing a dress code at the French Open beginning in 2019 that drew particular attention for banning Serena William’s figure-hugging black “catsuit.”
Adidas And Billie Jean King Launch ‘Here To Create Change’ Campaign
Unveiling research that shows that less than 1 in 3 girls continue to play sport after school, Adidas kicked off Here to Create Change, which commits to breaking down the barriers that see nearly 1.7 million potential female athletes quit playing in NYC alone.
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