SGB Executive Sports & Fitness
Newell Brands to Divest $250-300 Million That Could Include Active-Lifestyle Brands
Newell Brands, which now owns more than 50 sporting goods and outdoor brands after its recent acquisition of Jarden Corp., announced this week it has plans to divest product lines with combined annual sales of $250-to-$300 million over the next two to three years.
New HanesBrands CEO is a Shift, But No Shakeup Amid Slowing Sales
Investors weren’t particularly wooed, sending the stock down nearly 4 percent following the news.
Polartec CEO Defends Closing of Factory; Union Issues Plea to Patagonia
Saving companies and American manufacturing jobs, particularly in the textile industry, is not for the faint of heart.
Under Armour Designer Returns in Larger Industry Battle for Talent
Three months after leaving to take a job with Nike, Dave Dombrow, the mastermind behind the Curry 1, is coming home to Under Armour and getting a promotion.
Team Dealer Market Draws Nearly 200 to Charlotte, NC
Attendance at the three-day Team Dealer Market organized by reps in the Carolinas rebounded this year as the event returned to Charlotte, NC after a one year detour.
Can a New CEO at Performance Sports Group Lead a Comeback?
Performance Sports Group Ltd. has a tall task for its new CEO Harlan Kent.
Lululemon Lifts Outlook after Promising First Quarter
Lululemon Athletica Inc. upped its revenue outlook for 2016 as first-quarter sales came in stronger than expected and profits reached the high-end of its guidance.
Outdoor Tech Founder Krissman Exits Company
Outdoor Tech Founder and CEO Caro Krissman has sold his shares to the brand’s lead investor and is on the prowl for his next CEO gig.
Zumiez Q1 Comp Sales Fall 7.5 Percent as it Invests in Omni-channel Future
Zumiez Inc. reported fiscal first-quarter sales down 2.6 percent to $173 million and its same-store sales dropped 7.5 percent as the action-sports apparel retailer works to update its omni-channel strategies while admittedly facing a tough retail environment.
Running Race Participation Takes Hit for Second Consecutive Year
The second running boom appears to be backing off as runners retreat from non-traditional races and millennials shy away from some of the longer timed ones. After more than two decades of consistent and often double-digit increases.
Sports Authority Sets Lease Auction for June
Sports Authority hired A&G Realty Partners to take bids at a June auction for the retailer’s remaining 320 leases.
Lululemon Founder Slams Ex-Company, Calls For Board Changes
A little more than a year after resigning as a director, Lululemon Athletica Inc.’s founder Chip Wilson is back in the grill of Lululemon’s board.
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SGB Executive will bring original news, analysis and insight across the active-lifestyle industry on a daily basis.
