SGB Executive Sports & Fitness
Netshoes Looks To Dominate Online Selling In Latin America
In 2016, four brands – Nike, Adidas, Mizuno and Asics – made up approximately 41.2 percent of sales.
Omega Sports Sold To Former Fresh Market CEO
Phil Bowman, Omega Sports’ president, told SGB, “It was a perfect situation for someone to come in and still grow our company, protect our culture and carry on the Omega tradition.”
Puma’s Momentum Builds In Q1
Puma now expects operating profits to expand between 45 to 56 percent with currency-adjusted revenue expanding at a low double-digit percentage rate.
Which Active Brands Are Reaching Teens?
Nike, Adidas, Lululemon, Vans, Patagonia and Fitbit are all gaining traction with the teen crowd while Under Armour and The North Face appear to be losing ground, according to Piper Jaffray’s Taking Stock With Teens Spring 2017 report.
The North Face To Ramp Up Segmentation Efforts
Arne Arens, general manager, Americas, The North Face, told the investment community, “Through these segmentation efforts, we will build a differentiated consumer experience across channels and across tiers, maximizing revenues but also assuring a premium positioning across the entire spectrum of distribution.”
Aisle Talk, Week Of April 3
Top headlines from the active lifestyle industry you may have missed this week.
EMS And Bob’s Stores Continue To Shrink
The closings would leave EMS with 24 locations and Bob’s Stores with 14.
How Does Emerald Expositions Make Money?
Emerald Expositions Events Inc.’s initial public offering reveals that its collection of sports-related trade shows, including Outdoor Retailer, Surf Expo and Interbike, are growing at a steady double-digit rate with healthy booth renewal rates. But particularly impressive is its overall robust profit margins and cash flow conversion.
Majestic Deal: A Win For Fanatics And Easton, PA
At a media event held at Majestic’s plant in Easton, PA, Fanatics Owner and Executive Chairman Michael Rubin said he was “incredibly proud of the craftsmanship that goes into a Major League Baseball jersey and that we’re going to continue to have this be a Made in America product.”
VF Looks To Jumpstart Acquisitions
“History has shown and we continue to believe that M&A is our highest and best use of capital,” said Scott Roe CFO and VP, at the company’s annual Investor Day. “And it remains our first priority.”
Aisle Talk, Week Of March 27
Top headlines from the active lifestyle industry you may have missed this week.
Study Shows Slight Increase In Activity Levels Among Americans
“This year’s PAC Report tells two stories, said Tom Cove, Sports & Fitness Industry Association president and CEO. “In a positive sign, more Americans were healthy to an active level and even moderate activity levels increased. On the other hand, the number of inactive Americans remains dangerously and unacceptably high.”
Why Did Lululemon’s Shares Crash?
Total comparable sales on a constant-currency basis in the first quarter are projected to decrease in the low single digits, which would mark Lululemon’s first quarterly same-store sales decline since 2009.
Asics Establishes Boston Base
Said Gene McCarthy, president and CEO, Asics America, in an interview with SGB, “Setting up a global hub in Boston allows us to better align with our strategic initiatives and focus on key areas for growth, including our apparel and digital teams.”
Road Race Finishers Down For Third Straight Year
The 5K distance saw an increase in finishers in 2016, with 8.24 million runners crossing the finish line. However, the 10K, half marathon and “other” distances saw decreases of four percent or greater. The marathon finisher total remained flat.
