Wahoo Fitness Finds investor

Norwest Equity Partners (NEP) has made a significant investment in Wahoo Fitness, a technology-focused fitness company that specializes in smart training products such as indoor bike trainers, GPS bike computers, apps and sensors for cyclists, runners and fitness enthusiasts.

SFIA Announces 2018 Future Industry Leaders Scholars

Winners include Jordan Buchsbaum (sports marketing manager, Under Armour), Doug Buser (senior director of marketing & business development, Volt Athletics), Ben Connery (director of specialty sports, BSN Sports), Michael Lysaught (strategic account manager, SKLZ), Karen Menez (director of communications, Asics America) and Gabe Nagelkirk (senior product manager, Xenith).

Garmin Raises Wearable Stakes With Expanded Sensor Technology

Garmin Ltd.’s ability to meet growing customer demands for better technology in wearables was on display in the company’s Q2 earnings report. Garmin reported better-than-expected quarterly profit in the second quarter ended June 30 and raised its full-year forecast in the process.

Gildan Activewear Raises Outlook On Improving Q2

Gildan Activewear reported an earnings gain of 1.2 percent in the second quarter as a 6.8 percent sales gain and expense controls offset lower gross margins. The company slightly raised its outlook for sales and earnings for the year.

Can Champion Offset Loss Of Target Mega-Deal?

Shares of HanesBrands fell $4.30, or 19.3 percent, to $17.96 on Wednesday after management said the wildly-successful C9 by Champion line would be exiting Target once the contract expires in January 2020. Gerald W. Evans Jr., Hanesbrands CEO, said the brand is close to maturity on Target’s selling floors and the company was sticking to its target for Champion’s global sales to reach over $2 billion by 2022.

Versa Sales Help Drive Fitbit’s Q2 Income, Revenue Beat

Fitbit Inc. rode the strength of the company’s Versa smartwatch—which sold out during the second quarter—to beat analysts’ estimates on income and revenue. For the quarter ended June 30, the wearables company reported a net loss of $54 million, or (22) cents per share, beating analysts’ expectations by 2 cents. Fitbit also reported revenue of $299 million, beating consensus estimates by $$13.9 million

Alta Gracia Acquired By Seasoned Team

Alta Gracia, a certified Living Wage apparel company, announced the company’s recent acquisition by Atlanta-based investment group AG Triada, along with lead investor TripleStone Partners. Alta Gracia designs and manufactures athletic lifestyle products licensed for collegiate and professional sports.