SGB Update

What If Fitness Steps Were Worth Dollars?

Bitwalking, a U.K.-based Android app that converts activity-tracked steps into digital currency, or “Walking Dollars,” has inked a collaboration with fitness wearable company Misfit.

LA Fitness Memphis Opens In Former 24 Hour Space

LA Fitness opened a new Signature club in Memphis on October 25, which encompasses 45,000 square feet. The club is located at 1285 Ridgeway Road. A grand opening celebration is scheduled for November 12.

Infographic Tallies Football CTE Diagnoses By College

The infographic reads, “Players from over 100 college football programs have not been diagnosed with chronic traumatic encephalopathy (CTE) at the VA-BU-CLF Brain Bank. Fifteen schools, highlighted below, have had three or more players diagnosed with CTE.”

Fanatics Seals Long-Term NHL Retail Deal

As part of the new agreement, Fanatics will now be the official manufacturer of a broad range of NHL apparel and headwear, including replica jerseys, as well as merchandise for the Stanley Cup Playoffs and Final, all starting with the 2017/18 NHL season.

Nordic Pocket Saw Taps North American Market

Nordic Pocket Saw, which launched in Sweden in August 2015, will introduce its product to U.S. and Canadian markets come Fall 2016. Sport Hansa is tasked with handling sales and distribution in these markets.

And1 To Expand To China

Sequential Brands Group Inc. entered into a long-term agreement with Guirenniao Co. Ltd. (GRN) to bring the And1 basketball brand to China.

Cabela’s Q3 Earnings Slump

Cabela’s Inc., in its first report since announcing plans to merge with Bass Pro, said heightened markdowns caused adjusted earnings in the third quarter ended October 1 to slid 26.8 percent, falling well short of Wall Street targets.

Garmin Ltd. Raises Guidance

The company raised its revenue and EPS forecast to reflect better than expected growth at its fitness, outdoor, marine and aviation segments in the third quarter.