Reebok Appoints Chris Froio As General Manager, Reebok America
Reebok International announced the appointment of Chris Froio as general manager, Reebok America. Froio will lead the brand’s efforts to grow its business in the critical U.S. market. He will report to Reebok President Matt O’Toole.
New Balance Signs Athletic Bilbao
New Balance will supply the squad with kit, training wear and equipment from the 2017/18 season in a six-year deal, taking over from Nike.
Blue Star Sports Acquires Krossover Intelligence
Blue Star Sports, a leading provider of sports management software, acquired New York City-based Krossover Intelligence, a leading sports film breakdown and statistics company.
Garmin International To Appeal ITC Initial Determination
Garmin International Inc., a unit of Garmin Ltd., announced that an Administrative Law Judge (ALJ) at the International Trade Commission (ITC) made an initial determination in the enforcement proceeding brought by Navico, Inc. against Garmin.
Industry Leaders Urge Moving Outdoor Retailer Show To Denver
Concerned that the Outdoor Retailer show may be moving to Las Vegas or another perceived inappropriate location, five industry leaders – Beaver Theodosakis, Kim Miller, Dan Nordstrom, Casey Sheahan and Dawson Wheeler – penned an open letter urging the event’s stakeholders to choose Denver as the future destination of the show.
Fleet Feet Hires Brent Hollowell As VP Of Marketing And Vendor Management
Hollowell’s background includes retail and marketing leadership positions at Foot Locker, Adidas America, and Nathan.
Newell’s Winter Sports Unit Sold To PE Firm
Newell Brands Inc. said Friday it reached a definitive agreement to sell its Winter Sports businesses, formerly part of Jarden Group, to Kohlberg & Company, the private equity firm, for $240 million.
Aisle Talk, Week Of May 22
Top headlines from the active lifestyle industry you may have missed this week.
Momentum At Ugg And Hoka Boosts Deckers Brands Q4
Helped by cost-cutting initiatives and a better-than-expected top-line performance from Ugg, Hoka and direct to consumer (DTC) overall, Deckers Brands reported both earnings and sales for the fourth quarter ended March 31 came in above guidance.
Jelly Belly Sued Over Sugar Content
In a motion arguing for the case to be dismissed, Jelly Belly states, “Plaintiff does not explain why an athlete—or anyone—would be surprised to find sugar in a product described as ‘Jelly Beans’.”
USA Swimming Foundation Study Shows Improved Kids Swimming Ability
Timed to Memorial Day Weekend and the traditional opening of summer swimming season approaching, the USA Swimming Foundation announced a 5-10 percent improvement in overall swimming ability from its previous findings in 2010, according to a new study regarding swimming ability amongst America’s youth conducted by the University of Memphis and University of Nevada-Las Vegas.
Schutt Sports Introduces Personalized Website
The site allows customers to customize their own gear and see exactly what they are purchasing.
Genesco’s Shares Plunge 23 Percent On Reduced Outlook
Shares of Genesco Inc. tumbled $10.15, or 22.8 percent, to $34.40 on Thursday after the company slashed its guidance for the year due to weak store traffic in its U.S. businesses and expectations that the turnaround at Journeys would take longer than originally estimated.
Peloton Closes $325M Series E Financing
The round was led by Wellington Management, Fidelity Investments, Kleiner Perkins and True Ventures. Other significant investors in this round included Comcast NBCUniversal, GGV Capital, Balyasny, and QuestMark.
Deckers Brands Beats Internal Guidance In Q4
Deckers Brands reported both earnings and sales for the fourth quarter ended March 31 came in better than expected. Sales were down 4.5 percent. Among its brands, sales declined 1.1 percent for Ugg, 13.3 percent for Teva and 16.1 percent for Sanuk but climbed 32.7 percent for Hoka One One.
