Ian Widmer, the founder of Progression Brands Group (PBG) talked to SGB about his company’s unique hybrid equity/management investment structure, the boutique’s investment criteria and the opportunities and challenges facing emering brands in today’s marketplace.
Category: Sports/Fitness
Under Armour Introduces UA Sportstyle Category With Collaborations
Under Armour launched a new UA Sportstyle category through collaboration with a global team of “Pioneers” who will hold a series of forums designed to empower communities.
Industry Rallies Against Proposed Tariffs On China-Made Goods
Officials from the Sports & Fitness Industry Association (SFIA) and Outdoor Industry Association (OIA) testified in strong opposition to proposed tariffs on Chinese-made sports, fitness and outdoor products. The officials stated that the proposed tariffs would likely raise prices for consumers and lead to job losses while also stressing how essential sports and outdoor products are in supporting healthy and active lifestyles.
Adidas Partners With Twitter To Live Stream Football Games
Adidas and Twitter announced ‘Friday Night Stripes’–the first-ever live streaming series of high school football games on Twitter.
Analyst Sees Nike Taking Share From Adidas And Others
Susquehanna Financial analyst Sam Poser raised his rating and price target on Nike Inc. as channel checks show that the brand is gaining share from Adidas and others at athletic specialty retailers such as Foot Locker, Finish Line and Hibbett, and is also gaining share within the family footwear channel. Piper Jaffray also upgraded the stock.
Retail Reports Roundup
Studies arrived last week on consumers placing a higher priority on newness, online cart abandonment challenges, digital marketing’s effectiveness, strapped consumers and stores associate bonds helping deter shoplifting.
Li Ning’s Sales Climb 18 Percent In Half
Li Ning reported revenue increased by approximately 17.9 percent in the six months ended June 30 to RMB4.7 billion.
Mueller Secures Exclusive U.K. Distributor
Firstaid4sport said the company has recently created a new division, Greestone Distribution, to exclusively sell Mueller products to the Sports Retail and Medical Wholesale trade channel in the U.K.
CTA Study: China Tariffs Will Cost The U.S. Economy Up To $2.4 Billion Annually
The Trump administration’s consideration of tariffs on Chinese printed circuit assemblies and connected devices would cost the economy $520.8 million and $2.4 billion annually for the 10 percent and 25 percent tariffs, respectively, according to a new study commissioned by the Consumer Technology Association (CTA).
Dick’s Sporting Goods Foundation Announces Sports Matter Project Funding
The Dick’s Sporting Goods Foundation on Monday announced that the foundation would fully fund all baseball and softball Sports Matter projects currently on DonorsChoose.org.
Escalade Shows Strong Profit Improvement In Q2
Escalade Inc. reported sales in the second were slightly down to to unseasonal spring weather but profits benefited from the sale of Stiga AB.
Nike To Sponsor Alabama A&M
Alabama A&M’s athletic department has joined an apparel partnership with Nike and BSN that begins during the 2018-19 athletic seasons.
Dick’s Donates To The Annika Foundation
The Dick’s Sporting Goods Foundation announced a $50,000 donation to LPGA legend Annika Sörenstam’s Annika Foundation’s “Share My Passion” girls golf clinic.
Change Of Leadership At Peak Performance
The CEO of Peak Performance Nicolas Warchalowski has chosen to leave his assignment at his own request after the successful acquisition transaction with Amer Sports.
Aisle Talk Week of August 13
Top headlines from the active lifestyle industry you may have missed this week, including VF Corp.’s market-moving news that the company is spinning off its jeans division and relocating to Colorado along with The North Face, Smartwool and other brands.
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