Implus announced the acquisition of substantially all of the assets of Pro Performance Sports LLC d/b/a SKLZ, a leading provider of multisport athletic performance and skill development training products. SKLZ will propel Implus into the sporting goods category and further expands the company’s fitness division.
Category: Sports/Fitness
Champion To Exit Target
Hanesbrands said Champion sales grew 18 percent in the second quarter to drive a 4 percent sales increase. But the company announced that Champion and Target Corporation will not renew their contract for an exclusive line of C9 by Champion activewear apparel when the current contract expires at the end of January 2020.
Garmin Raises Full-Year Guidance On Q2 Beat
Garmin reported better-than-expected quarterly profit in the second quarter ended June 30 and raised the company’s full-year forecast. The gains were led by Marine and Aviation, both growing 24 percent and Outdoor, advancing 23 percent. Fitness increased 8 percent.
Nomura Downgrades Acushnet On Valuation, Cautions On Under Armour And Canada Goose
Nomura Instinet analyst Simeon Siegel downgraded Acushnet Holdings, the parent of Titleist and Footjoy, to “Neutral” due to the stock’s recent run-up in price while also expressing valuation concerns on Under Armour and Canada Goose.
Big 5 Sporting Goods Misses On Income, Revenue
Big 5 Sporting Goods Corp. reported a net loss for the second quarter of fiscal 2018 of $0.2 million, or (1) cent per share, compared to net income for the second quarter of fiscal 2017 of $2.8 million, or 13 cents per diluted share. Analysts had expected a profit of 11 cents per share.
ClassPass Announces Free Standalone App For Guided Audio Workouts
ClassPass, the fitness membership subscription service, announced ClassPass Go, an app offering high-energy, guided classes from top trainers set to motivating music.
Aramark Launches Performance Work Line
Aramark, a leader in food, facilities management and uniforms, announced the launch of the Aramark FlexFit performance uniform line featuring light-weight fabrics and inspired by the athleisure trend.
Nautilus’ Q2 Retail Momentum Driven By Mass Channel
Nautilus Inc. saw a 5.7 percent gain in sales of the company’s Retail segment, driven by double-digit expansion in the mass retail channel, offsetting weakness in the commercial and specialty channels. The fitness-equipment giant raised the company’s overall sales guidance for the year due to healthy retail results and promising back-half launches.
MGM Resorts International Named Official Gaming Partner Of NBA
MGM Resorts International and the National Basketball Association (NBA) on Tuesday announced a new multi-year partnership that will make MGM Resorts the official gaming partner of the NBA and WNBA.
Golf Rounds Decline In June
According to Golf Datatech, golf rounds played were down 1.2 percent in June compared to the same month a year ago. Gains were seen in the Mountain region, up 4.4 percent as well as South Central, 3.4 percent and Pacific, 2.0 percent.
Marucci Sports And LSU Announce Partnership
Marucci Sports has inked a deal to become the official baseball equipment provider to Louisiana State University. Marucci will be the Tigers’ exclusive provider of bats, fielding and batting gloves, catcher’s gear, bags and other protective products.
Adrienne Lofton Exits Under Armour
Adrienne Lofton, who has served as Under Armour’s SVP for global brand management since 2015, has resigned from the company, according to reports from Adweek and Advertising Age.
Beyond Product: Industry Trends, Brand Stories Take Center Stage At OR
New product releases tend to garner most of the headlines at trade shows, but at Outdoor Retailer Summer Market, SGB’s editorial team also wanted to discover what’s happening with brands beyond the latest and greatest gear and apparel. Here are some of the stories and industry trends we found and hints of what’s to come.
Nautilus Raises Sales Guidance On Expected Back-Half Pickup
Nautilus Inc. reported lower earnings in the second quarter on a slight sales decline as weakness in the company’s Direct segment offset gains at Retail. The company raised full year 2018 revenue guidance range due to signs of accelerating growth in the second half.
Fila Extends Sponsorship Of Western & Southern
Fila has extended the company’s sponsorship agreement with the Western & Southern Open, an ATP World Tour and WTA combined tennis event to be held August 11-19, 2018 at the Lindner Family Tennis Center, just north of Cincinnati.
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