SGB Sports & Fitness

Under Armour Exec Joins Starbucks

Leanne Fremar, most recently Under Armour’s senior vice president, executive creative director for its Women’s and Concept Divisions, was appointed senior vice president and executive creative director for Starbucks Corp.

Deckers Brands Posts Steep Q1 Loss

Deckers Brands reported a steep loss in its fiscal first quarter ended June 30 on an 18.4 percent drop in revenues due largely to the timing of shipments although results came in above internal guidance. Sales were also impacted by a decrease in direct-to-consumer (DTC) comparable sales, and fewer close-out sales.

GNC Replaces CEO After Poor Q2

GNC Holdings, Inc. replaced its CEO Mike Archbold with interim CEO Robert F. Moran, after disappointing second quarter results, with reported revenue decreasing 2.4 percent, or $673.2 million, as compared to the year prior.

Adidas Again Raises FY Outlook on Q2 Momentum

Adidas AG raised its full-year forecast for a fourth time this year after delivering healthy double-digit growth in its second quarter and benefiting from a special payment to bring an early close to its sponsorship deal with England’s Chelsea soccer club.