Salomon has appointed Robert Lazzaroni as Nordic regional commercial manager for the Americas, effective August 27. Lazzaroni, a 25-year industry veteran and most recently the nordic domestic program director for U.S. Ski & Snowboard, will direct Salomon’s nordic business in the United States, Canada and Latin America.
Category: Sports/Fitness
Under Armour Appoints Mohamed El-Erian To Board
Under Armour Inc. announced that Mohamed A. El-Erian has joined the company’s board of directors, effective Oct. 1, 2018. Dr. El-Erian is the former CEO and co-chief investment officer of PIMCO, a role he held from 2007 to 2014, and currently serves as the chief economic advisor at Allianz, the corporate parent of PIMCO.
Divestitures Drop Newell Brands’ Q2 Revenue
Newell Brands on Monday announced revenue from continuing operations of $2.2 billion, down from $2.5 billion in the same quarter a year ago due to the completed divestitures of The Waddington Group and Rawlings Sporting Goods Co. Inc. and divestiture processes initiated on other assets.
Dick’s To Open in Raleigh
Dick’s Sporting Goods will open a new store in Raleigh, NC, in August.
Asics Profits Tumble In Six Months
Asics reported earnings fell 70.7 percent in the six months ended June 30 as sales slid 5.4 percent. In the American region, sales plunged 22.4 percent.
Randa Accessories Ups Bid For Perry Ellis
Perry Ellis International Inc said the company had received a revised buyout offer of $28.90 per share from Randa Accessories Leather Goods.
Peloton Raises $550M At A Valuation Of $4 billion
Peloton,, the in-home cycling and running studio specialist, announced a $550 million Series F financing round, capital that will enable the company to continue to innovate aggressively and to expand into more international markets. The round puts Peloton’s valuation at $4 billion in the company’s sixth year.
Clemson, Nike Announce New 10-Year Deal
Clemson Athletics and Nike reached an agreement for a 10-year, $58 million extension to their all-sport partnership.
Nike Declines To Renew Jameis Winston’s Contract
Nike has opted not to renew the company’s endorsement contract with Tampa Bay Buccaneers quarterback Jameis Winston, ESPN reported.
Dorel Sports’ Revenues Bounce Back In Q2
Helped by better weather and the success of new bike introductions from Cannondale and GT, Dorel Sports segment sales climbed 7.4 percent in the second quarter to $224.5 million while expanding 6.5 percent on a currency-neutral basis.
GoPro Weathering Global Component Shortage
A global shortage of the passive components that GoPro Inc. integrates into the company’s action cameras has created a significant supply chain challenge, yet the company remains confident in being able to weather the disruption and meet increased product demand beginning in the first quarter of 2019.
Aisle Talk Week of July 30
Top headlines from the active lifestyle industry you may have missed this week, including Shimano releasing the company’s earnings for the first half of 2018.
Callaway Golf Delivers Another Blowout Quarter
Shares of Callaway Golf were trading ahead 12 percent in early-afternoon trading Friday as the company’s second-quarter sales and earnings easily topped projections. With earnings and sales exceeding guidance for the sixth straight quarter, Callaway again raised guidance for the year.
Shimano’s Sales Up 7.1 Percent In First Half
Shimano Inc. reported sales increased 7.1 percent in the first half ended June 30 to ¥174.7 billion. Operating earnings grew 11.9 percent to ¥34.5 billion while net income increased 48 percent to ¥27.7 billion.
July Retail Jobs Increase 66,000 Over 2017
Retail industry employment in July increased by 66,000 jobs unadjusted over the same time last year showing on-going industry growth, the National Retail Federation said Friday.
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