SGB Update

Amer Sports Accelerates Organic Initiatives

The company will cut up to €25 million in expenses by the end of 2017 so it can accelerate organic growth initiatives that are already exceeding expectations.

Kraig BioCraft Begins Work on Third Site

Three weeks after completing construction of a plant in Indiana, the maker of genetically engineered spider silk fibers has identified a third production site.

Adidas Signs Tim Tebow

According to ESPN, the former Florida Gator and NFL quarterback wore Adidas head to toe for his workout on Tuesday at USC in Los Angeles in front of more than 40 MLB scouts.

Keen to Debut Documentary at 90 Colleges

The footwear company expects to reach up to 1 million students through the Outdoor Nation Campus Challenge, which seeks to create future outdoor enthusiasts.

Caleres Q2 Falls Short of Street Estimates

Caleres Inc. reported second-quarter earnings rose 17.5 percent to $19.8 million, or 46 cents a share. Results missed Wall Street’s consensus estimate of 51 cents.

German E-Bike Producers Forecast Rebound

The trade association for Germany’s bicycle manufacturers expects the country will grow its production of e-bikes 5 percent this year despite a slow first half.

Life Time Fitness Opens In Maryland

Life Time Fitness will open a new 125,000-square-foot club in Gaithersburg, MD come October 2016. According to Washington’s Top News, the fitness giant is planning to hire hundreds for full and part time positions at Life Time Athletic Gaithersburg.

Foot Locker Opens NYC Herald Square Flagship

Foot Locker Inc., the New York-based athletic retailer, celebrated the grand opening of its flagship location in New York City’s Herald Square with an official ribbon-cutting ceremony on August 30, 2016.

Roka Sports Enters Eyewear

Roka Sports Inc. a Dallas-based performance multisport brand, is trying its hand in performance eyewear, releasing a capsule for the first time.

Red Fox Adds Highliner To Team Roster

The European sportswear brand, which opened a store in Boulder, CO in July, expects Friedi Kühne’s high-line antics encourage more people to enjoy the outdoors.