SGB Update

Asics Americas Profits Recover In 2017

Asics reported net earnings declined 16.7 percent in 2017 due to restructuring activities in its European operations. Profits in the Americas region bounced back as improved margins and a fewer bad-debt write-offs offset a 6 percent sales drop.

Chaos Adds New Rep Team For Mid Atlantic

Chaos Headwear have added Erik and Patti Weber to its national sales team. The Webers will be responsible for the Mid-Atlantic account and expanding the territory to NY, NJ, PA, MD, DE, DC and North VA.

Fitbit To Acquire Twine Health

Fitbit Inc. announced that it will acquire Twine Health, a health coaching platform that empowers people to achieve better health outcomes and helps health systems, health plans and workplace health providers lower healthcare costs.

Genesco Exploring Sales Of Lids Sports Group

Genesco Inc. announced that the company is initiating a formal process to explore the sale of its Lids Sports Group business. The company believes the “best long-term interests of the company and its shareholders to focus on building upon our core footwear platform” while the Lids business is undervalued as part of Genesco.

Under Armour Q4 Beats Sales Targets

Under Armour Inc. said it plans to take additional restructuring charges in the range of $110 to $130 million in 2018 while announcing that its fourth-quarter sales exceeded estimates and earnings matched estimates. CEO Kevin Plank said the results “demonstrate that the tough decisions we’re making are generating the stability necessary to create a more consistent and predictable path to deliver long-term value.”

Bass Pro Announces 2018 Fitness Series Dates

Early registration is now open for the 2018 Bass Pro Shops Fitness Series, the twelfth annual lineup of races and runs celebrating health and wellness, outdoor adventures and wildlife conservation in the beauty of the Ozarks.