Obit: Sneaker Designer Peter Moore
Peter Moore, who helped launch Air Jordan 1 for Nike and reinvent Adidas in the nineties, passed away on Friday at 78. The news was revealed in statements from Nike and Adidas.
Newell Brands Sees Double-Digit Growth In Outdoor & Recreation Segment
Newell Brands said its Outdoor & Recreation segment generated net sales of $388 million in the first quarter compared with $336 million in the prior-year period of 15.5 percent. The gain reflects core sales growth of 22.9 percent, partially offset by the impact of exits from low margin categories and unfavorable foreign exchange.
Gatorade Sees Double-Digit Growth In First Quarter
Gatorade generated double-digit growth in the first quarter, according to the quarterly conference call of its parent, Pepsico.
Golftec Opens Location In Houston
Golftec announced the opening of an instruction and club fitting center in Houston.
Delta Apparel Appoints New Board Member
Delta Apparel, Inc. announced the appointment of Sonya E. Medina to its Board of Directors.
Nike Unveils One-Million-Square-Foot Serena Williams Building
Nike has unveiled the Serena Williams Building, a one-million-square-foot space at its headquarters in Beaverton, OR. The structure houses 200,000 square feet of lab space for Nike’s Consumer Creation team to “create the future of sport.”
PlayOn! Sports To Merge With GoFan
PlayOn! Sports, operator of the NFHS Network, and GoFan, a digital ticketing company in the high school sports market, have entered into a definitive merger agreement.
Centric Brands Acquires Hosiery Division From Daytona Apparel Group
Centric Brands LLC. announced the strategic acquisition of a division of Daytona Apparel Group, a portfolio of retail brands owned by Windsong Brands, that closed on March 24th of this year. Centric will take full ownership of Daytona Apparel Group’s hosiery division which sells product across multiple brands in stores nationwide.
Higg Raises $50M In Series B Funding Round
Higg Co, the technology company behind the Higg Index platform, announced its $50 million Series B funding round. The funding is co-led by technology growth investor Silversmith Capital Partners, Tom Steyer and Katie Hall’s Galvanize Climate Solutions, along with participation by Series A partners Titan Grove and Buckhill Capital.
Puma’s Q1 Boosted By Americas Momentum
Puma reported earnings rose 11.2 percent in the first quarter on a 23.5 percent revenue gain. Currency-neutral growth of 19.7 percent was led by gains of 44.1 percent in the Americas region and 25.5 percent in EMEA that offset declines in Greater China. The company maintained its outlook for the year.
Garmin Sees 9 Percent Growth In First Quarter
Garmin reported sales grew 9 percent in the first quarter ended March 26. Sales gains of 50 percent in its Outdoor segment and 21 percent in its Marine segment offset a decline of 28 percent in its Fitness segment.
Darn Tough Vermont Appoints COO
Darn Tough Vermont announced the promotion of Angelica Taylor to chief operating officer. Taylor is advancing into this role after spending the last year as Darn Tough’s vice president of finance.
Shimano’s Sales Climb 14 Percent In First Quarter
Shimano, Inc. reported sales grew 13.9 percent in the first quarter. Sales grew 13.9 percent in the Bicycle Components segment and 14.1 percent in the Fishing Tackle segment.
Lezyne Restructures Sales And Marketing Team
Lezyne said that after tripling business in the last few years, it is restructuring its global sales and marketing teams.
Altis Closes $10.5 Million Seed Round
Altis, a start-up offering a personal fitness trainer supported by artificial intelligence, announced it has secured over $3 million in financing, bringing its total financing to date to $10.5 million, with additional investments from Mike Capps, former head of gaming titan Epic Games; Bill Flynn, former CEO of Amtrak; and U.S. Olympians JR Celski and Georganne Moline.
