Puma reported earnings rose 37.8 percent in the second quarter on improving margins and continued sales momentum. Sales rose 15 percent on a currency-neutral basis, led by an 18.7 percent gain in the Americas. The outlook for the year remained unchanged.
Category: Sports/Fitness
U.S. House of Representatives Passes The PHIT Act
The U.S. House of Representatives approved the Personal Health Investment Today (PHIT) Act, which would allow the use of pre-tax savings accounts for physical activity-related expenses. PHIT was included in a bipartisan package of Health Savings Account (HSA) reforms that passed in the House today by a vote of 277-142. Now, the measure moves to the Senate for further consideration.
U.S. Road Race Participation Numbers Hold Steady For 2017
For the vast majority of road races of all sizes across the U.S., participation held steady in 2017, according to an analysis of road race participation trends released by Running USA.
Wall Street Cheers Lululemon’s CEO Hire
Shares of Lululemon Athletica rose slightly on Wednesday as Wall Street analysts unanimously applauded the hiring of Calvin McDonald, the CEO of the Sephora cosmetics chain, as its next CEO.
TYR Sport Signs Simone Manuel
TYR Sport announced the signing of 4x Olympic Medalist, 9x World Championship Medalist and World and American Record Holder Simone Manuel.
ClassPass Announces Series D Funding
ClassPass, the fitness membership service, announced a $85 million series D financing led by Temasek, an investment company headquartered in Singapore, with participation from the Growth Fund of L Catterton.
Swiftwick Adds Olympic Gold Medalist To Athlete Roster
Swiftwick, the performance sock company, announced the company has signed Connor Fields, BMX Olympic Gold Medalist, as the company’s newest elite athlete.
Meridian Community College Reaches Deal With Under Armour And BSN Sports
Meridian Community College signed a five-year partnership with Under Armour through an agreement signed with BSN Sports.
Lululemon Appoints Calvin McDonald Chief Executive Officer
Lululemon Athletica Inc. appointed Calvin McDonald, who formerly led Sephora, to serve as chief executive officer, effective August 20, 2018.
What’s Behind Brooks Running’s Shop-In-Shop Initiative?
On June 16, Brooks Running announced the company was partnering with 30 run specialty shops in the U.S. and Canada to launch the company’s first shop-in-shop program. SGB Executive reached out to Mike Billish, VP of U.S. sales, to explore the new program.
Worldwide Distributors Names Sean Maygra President
Worldwide Distributors (Worldwide), the Kent, WA-based buying cooperative for independent retailers, has named Sean Maygra as president.
Oakley Resumes Growth In Luxottica’s Q2
Oakley saw a return to growth in the company’s core sports channel in North America in Luxottica’s second quarter ended June 30, although Sunglass Hut was the strongest performer for the Italian-based eyewear giant.
Starter To Sponsor Alliance Of American Football
Starter has signed as as the official on-field apparel and game-day uniform supplier to the Alliance of American Football when the alliance debuts in February 2019 as part of a multi-year deal with G-III by Carl Banks.
U.S. Polo Assn. To Outfit USA Team For Westchester Cup
USPA Global Licensing Inc. (USPAGL), the official licensing arm and national broadcaster of the United States Polo Association (USPA), announced that U.S. Polo Assn. will be the official apparel outfitter for the USA team as they compete against England in the 2018 Westchester Cup.
Luxottica Group Q2 Sales Improve
Luxottica Group S.p.A. reported net sales accelerated in the second quarter, growing by 1.4 percent at a currency-neutral basis. The results were driven by the strong performance of the Retail division and e-commerce platforms as well as solid growth in North America and Asia-Pacific.
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