SFIA Celebrates Landmark 18th Annual National Health Through Fitness Day On Capitol Hill
This year a broad coalition of supporters, including celebrity athletes ranging from NFL pros to Olympians, held 100 meetings with more than 120 U.S. Senators and Representatives to discuss the importance of the PHIT Act.
Acushnet Q4 Boosted By Robust Golf Club Sales
While the bankruptcy and liquidation of Golfsmith impacted U.S. sales, Acushnet Holdings Corp. still managed to show a modest gain in sales in the fourth quarter while improving profitability.
Nike Grapples With Promotional North American Climate
Said Andy Campion, EVP and CFO, on the company’s third-quarter conference call with analysts, “Digital disruption and other dynamics are resulting in more aggressive promotional activity than we expected 90-days ago. So we are going to remain tight, with respect to the supply that we are putting into the North America market in the short-term.”
Nike Accelerates Efforts To Reach Digital Consumers
Said Mark Parker, president and CEO, “The consumer has decided digital isn’t a just part of the shopping experience. Digital is the foundation of it. This and other factors have shifted consumer patterns, especially in North America, impacting traffic, the economics of brick-and-mortar retail and is driving a more promotional environment in the near term.”
KT Tape Extends Partnership With U.S. Soccer
KT Tape will remain the official kinesiology tape for all U.S. soccer teams and programs.
Nike Q3 Boosted By International Gains
Beyond double-digit gains in double-digit growth in Western Europe, Greater China, the Emerging Markets as well as DTC overall, Nike’s better-than-expected earnings were helped by expense leverage, higher other income and a lower effective tax rate.
Sears Warns Of ‘Going Concern’ Doubts
Sears Holding, the parent of Sears and Kmart, warned Tuesday that it faces “substantial doubt” about its ability to stay in business unless it can borrow more and tap cash from more of its assets.
Sequential Brands Appoints CEO
Karen Murray, who previously oversaw Nautica and Kipling for VF Corp., replaces Yehuda Shmidman, who is stepping down.
Acushnet Sees 3 Percent Q4 Sales Gain
The parent of Titleist and FootJoy reported fourth quarter net sales of $329.8 million, up 3 percent year over year, or 1.3 percent in currency-neutral basis.
Puma Partners With Foot Locker On WWE-Collection
For its first WWE product drop, Foot Locker will release a collection of Puma product designed by Alexander-John, featuring exclusive art of six WWE Legends
Nike’s Q3 Results Race Past Wall Street Targets
Nike Inc. reported earnings rose 20.1 percent in its third quarter ended February 28, easily exceeding Wall Street’s targets. Earnings were particularly helped by lower spending. Double-digit growth on a currency-neutral basis in Western Europe, Greater China and the Emerging Markets helped make up for a more-modest 3 percent growth in North America.
Under Armour Assists Local P.E. Programs
UA is providing financial assistance in the form of PHIT America GO! Grants to two schools in Baltimore and two schools in Washington, D.C. to jump-start their P.E. programs.
Buff Names U.S. Director Of Sales
Kristin Moynihan has held positions with firms including Eddie Bauer, Starbucks, Unionbay and Coal Headwear.
2017 Boston Marathon Street Banners Unveiled
In a departure from the photographic style of recent Boston Marathon banners, this year’s are illustrated, giving a nod to legacy banners from years ago.
Nike Content Manager Joins Flywheel
Flywheel Sports Inc., the indoor cycling studio, appointed Geralyn Coopersmith, most recently Nike’s global director of performance and fitness training, as chief content officer.
