Strava Names James Quarles As CEO
Quarles was most recently the vice president of Instagram Business and previously regional director of Facebook in Europe, the Middle East and Africa.
Nautilus Sees Second-Half Comeback For Retail
The second half is expected to be boosted by improved inventory positions across retail, a number of launches, and the expansion of its Bowflex Max Trainer M3 program with Dick’s Sporting Goods.
Hanesbrands Laying Off 220 Amid New Growth Initiative
Champion sales in the U.S. were up double-digits “as we continued to benefit from our refreshed product offering and increased space within the mass channel,” said Rick Moss, CFO.
Big 5 Crushes Q1 Guidance
Said Steven Miller, chairman, CEO and president, on a conference call with analysts. “Our strong results reflect our team’s continued effort to expand our market share gain following the competitive store closures that occurred in our sector last year and capitalized on the favorable weather conditions in our market during the first quarter.”
Brooks To Enter China And Brazil
Brooks Running Company is expanding its global footprint in July 2017 with entry into China and Brazil, two of the largest running markets in the world.
Xenith Partners With Rivals Professional Football League
Xenith will provide helmets for all RPFL players.
Garmin’s Q1 Profits Exceed Wall Street Targets
Garmin’s sales were led by double digit growth in its marine, outdoor and aviation segments. Fitness segment posted a revenue decline of 3 percent driven by lower volume in basic activity trackers partially offset by growth in its advanced wearables with GPS.
Dick’s Stores VP Joins Five Below
George Hill, most recently SVP retail operations at Dicks Sporting Goods, has joined Five Below Inc. as EVP of retail operations.
Gym Source Hires New VP Of Sales And Marketing
Ed Pryts was formerly vice president for all of North America sales at Cybex.
Raleigh Owner Accell Breaks Off Takeover Talks With Bidder Pon Holdings
Accell Group announced it will currently not continue the exploratory discussions with Pon Holdings offer to acquire the company.
Big 5’s Q1 Profits Easily Top Guidance
Same store sales increased 7.9 percent for the first quarter of fiscal 2017, reflecting continued market share gains resulting from the closure of certain major competitors last year along with more favorable weather conditions than the prior year period.
HanesBrands Sees Q1 Earnings Improve, Launches Project Booster Initiative
HanesBrands reported earnings per share in the first quarter rose 12 percent in the first quarter excluding acquisition-related and integration charges while announcing that it launched a multiyear initiative to increase investment for growth, reduce costs, and drive cash flow.
Dick’s To Open Three New Stores In May
With the grand opening of these new stores in San Diego, CA, Lake City, FL and Bellingham, WA, Dick’s will have 694 locations in the country.
Aetrex Adds Distributors, Builds Global Infrastructure
Aetrex Worldwide Inc. is further expanding its global reach with the addition of Gerimais to its extensive network of distribution partners. Gerimais marks the company’s 16th international distributor.
Sports Authority’s Former HQ To Become Country’s Largest Climbing Gym
Earth Treks Founder and CEO Chris Warner is turning the former headquarters of Sports Authority into a 52,000-square-foot climbing and fitness facility, as reported by The Denver Post.
