Nike Partners With Tennis Star Li Na
This March, the swoosh will release the China-exclusive Li Na Collection, honoring her trailblazing determination and encouraging more girls to follow in her footsteps.
Iconix’s Active Labels Deliver Mixed Q4 Performance
Iconix Brand Group indicated that some of its active brands are facing challenges in lower channels that are not being completely offset by momentum seen by several of its labels in mid-tier and independent channels.
Billabong Sells Tigerlily Swimwear Brand
Billabong International Limited entered into an agreement to sell its Tigerlily business to Crescent Capital Partners.
Performance Sports Group Extends Sale Closing Date
Performance Sports Group said it has extended the closing date to February 27, 2017 for the sale of substantially all of the assets of the company and its North American subsidiaries.
Gildan Activewear’s Q4 Revenues Climb 8 Percent
Gildan Activewear reported fourth-quarter earnings that came in slightly better than planned. Sales in its Printwear segment were in line with expectations, while retailer inventory reductions contributed to lower-than-anticipated sales in Branded Apparel.
The Finish Line Youth Foundation Donates $526,203 In Q4
The Finish Line Youth Foundation awarded $151,203 in grants and $375,000 in donations for Special Olympics in the fourth quarter of 2016.
Iconix Brand Shows Steep Loss On Write-Offs
Iconix Brand Group reported a loss of $297.5 million, or $5.30 a share, in the fourth quarter after absorbing a pre-tax impairment charge of $443 million related to certain of the company’s trademarks and goodwill.
Fitbit’s Struggles Continue In Q4
The company reported a GAAP basic net loss per share of negative 65 cents for its fourth quarter of 2016.
Garmin Smashes Street Estimates In Q4
Showing Fitbit’s growth challenges are far from applying to them, Garmin reported fourth-quarter results that easily topped Wall Street’s targets.
Red Clay Youth Tennis Tournament Makes U.S. Debut
The French Tennis Federation, organizers of The French Open, with the support of USTA, stated that the “Rendez-vous à Roland-Garros in partnership with Longines” event will be coming to the U.S. for the first time.
Beyond Monumental Hires New Executive Director
Jed Cornforth is an Ironman Triathlete and a marathon runner.
Wolverine Q4 Reaches High End Of Guidance
While Merrell showed a decline of 7 percent and the Wolverine brand was down due to a repositioning, most of Wolverine Worldwide’s key brands showed moderate to strong growth.
Topgolf Partners With Bunkers In Baghdad
Topgolf put its gently used golf equipment to good use by partnering with Bunkers in Baghdad, a New York-based charitable organization.
Nautilus’ Retail Results Miss Plan In Q4
The company said revenues in its retail segment missed plan in the fourth quarter due to heavy discounting online and conservative buying by its retail partners.
Garmin Sees Robust Growth In Outdoor And Fitness In Q4
Garmin Ltd. reported fourth-quarter earnings on an adjusted basis were slightly down but well above Wall Street estimates. Strong double-digit growth was seen in its outdoor, fitness and marine segments.
