SGB Sports & Fitness

Safilo Group Sees Sales Dip In 2016

January 31, 2017 SGB Update

The sales decline for the parent of Smith Optics was a result of the negative impact of the brands that the Group stopped servicing.

Iconix Brand Group Looking To Sell Peanuts Stake

January 31, 2017 SGB Update

Iconix Brand Group is reportedly exploring a sale of its majority stake in Peanuts Worldwide LLC, which owns the rights to characters Snoopy and Charlie Brown.

Renowned Golf Instructor Hank Haney Headlines NSGA Conference

January 31, 2017 SGB Update

Hank Haney, one of the world’s leading golf instructors, will deliver the keynote speech on Sunday, May 21 at the 53rd Annual NSGA Management Conference & 19th Annual Team Dealer Summit in Scottsdale, AZ.

Under Armour’s Q4 Profits Fall Short Of Guidance

January 31, 2017 SGB Update

Under Armour Inc. reported fourth-quarter earnings that eased 0.9 percent and came in just shy of Wall Street’s consensus estimate. It also gave a soft revenue outlook for the current year and indicated its CFO would be leaving the company.

NOCSAE Updates Football Helmet Standards For Concussions

January 30, 2017 SGB Update

The NOCSAE Standards Committee finalized revisions to its existing football helmet standard that limits maximum rotational forces that are involved in many concussions.

Ben Hogan Golf Equipment Files For Chapter 11

January 30, 2017 SGB Update

The filing, according to local reports, came after the company on January 3 laid off about 30 of its 40 employees.

Luxottica Group’ MAP Policy Drives Q4 Turnaround In North America

January 30, 2017 SGB Executive

The parent of Oakley, Ray-Ban and Sunglass hut said sales at constant exchange rates in the quarter were up 5.5 percent and 3 percent for the wholesale segment and the whole group, which includes its retail operations.

Fitbit’s Shares Tumble After Q4 Outlook Slashed

January 30, 2017 SGB Executive

Shares of Fitbit fell $1.16 to $6.05, or 16.1 percent, Monday on the New York Stock Exchange after the wearables leader announced preliminary fourth-quarter results that were well below previous guidance and a round of layoffs.

Luxottica Group Sees Sales Accelerate In Q4

January 30, 2017 SGB Update

Luxottica Group reported fourth quarter accelerated from the third quarter, with net sales rising 5.2 percent at constant exchange rates and 6.3 percent at current exchange rates.

Fitbit Cuts 6 Percent Of Workforce Amid Q4 Shortfall

January 30, 2017 SGB Update

Fitbit expects revenue for the fourth quarter of 2016 to be in the range of $572 million to $580 million, compared to the company’s previously announced guidance range of $725 million to $750 million.

SFIA To Hold 18th Annual National Health Through Fitness Day

January 30, 2017 SGB Update

Herschel Walker will serve as Honorary Chairman of National Health through Fitness Day, to be accompanied by a wide variety of professional and Olympic athletes.

Under Armour Selling First Apparel Made In The U.S.

January 30, 2017 SGB Update

Under Armour released its first collection of apparel made in the U.S. and out of UA Lighthouse, the Brand’s state-of-the-art innovation center for design and manufacturing in Baltimore.