SGB Update

Matrix Expands From Commercial Fitness To D2C

Johnson Health Tech unveiled a new line of Matrix cardio equipment, which was previously only available in fitness clubs. The new line moves into direct-to-consumer, being offered for in-home use.

Gildan Activewear Agrees To Acquire American Apparel

The $66 million acquisition is expected to further increase the brand’s penetration in the faster-growing fashion basics segments in its printwear business while wholesale opportunities will also be explored.

G3 Partners With New Sales Agencies

Hi Altitude Sales and Consulting will cover the Rocky Mountain region, Gone Skiing Agency will manage the Northeast territory, and Matt Gibely will represent the Southwest.

RYU To Appear In Yyoga Studios

RYU Apparel Inc., manufacturer of fitness apparel and accessories, formed a new relationship with the Vancouver-based fitness chain Yyoga.

Asics America’s Sales Slump In Nine Months

Asics America Group (AAG) reported net sales decreased 11.3 percent for the third quarter of 2016, with Asics America Corporation (U.S. only) showing a 13.1-percent decrease in net sales.

New Balance Catches Heat For Endorsing Trump’s TPP Stance

Many consumers jumped to condemn the brand for its endorsement of Trump; however, New Balance asserted that its comments were specifically in regards to Trump’s political opposition to the Trans Pacific Partnership (TPP).