SGB Update

DSW Beats Wall Street Targets

DSW Inc. reported second-quarter earnings slid 33.4 percent on a modest comp decline but adjusted earnings came in ahead of Wall Street’s consensus target and the off-pricer affirmed its outlook for the year.

Lenzing Sales Rise on Stronger Pricing

Higher prices for Modal, Tencel and other wood-based specialty fibers enabled the Austrian company to reach €1.04 billion in sales in the first half of the year.

Garmin: Navico Patent Claims Unresolved

Contrary to statements by Navico Holdings AS, Garmin asserts neither the courts nor federal officials have ruled that its DownVü scanning sonar infringes any patents.

J.Crew To Sell At Nordstrom

J.Crew Group Inc. announced that Nordstrom will sell an edited assortment of the J.Crew collection at select Nordstrom full-line stores and at Nordstrom.com, beginning September 12.

Vista Outdoor Divides Outdoor Brands Into New Segments

Under the new scheme, a VP for Outdoor Recreation will oversee CamelBak and Jimmy Styks and a VP of Sports Protection will oversee Giro, Bell, Bollé, Cébé, Blackburn, Krash, Raskullz, and Serengeti.

Callaway Acquires Toulon Design

Callaway Golf Company entered into an agreement to acquire Toulon Design, a putter company specializing in performance-driven design and customization.

Dwayne Johnson Leaks Under Armour Capsule

Under Armour is planning ahead to December 2016, when the brand will release its apparel collaboration with action movie star and WWE wrestler Dwayne Johnson.

Fitbit Ventures Into Virtual Reality

The connected health and fitness company released Fitbit Adventures, a series of personal, non-competitive virtual activity challenges.

SFIA: Industry Grows 2 Percent in 2015

The Sports and Fitness Industry Association (SFIA) released its 2016 State of the Industry Report (SOTI), which showed another moderate year of industry growth despite major disruption in the sporting goods sector.

FESI Hosts EU Sport Policy Assembly

Efforts to strengthen Sport Policy continue, as the MEP presents his Report “Integrated approach to Sport Policy: Good Governance, accessibility and integrity.”

Surfrider’s Smartfin Makes Surfers Citizen Scientists

The Surfrider Foundation, a non-profit dedicated to ocean, wave and beach protection, will debut the Smartfin, a surfboard fin with data-collecting sensors, with a pilot program launch in early 2017. By outfitting surfboards with the new technology, Surfrider hopes to turn surfers into “citizen scientists” actively engaged in ocean and climate research. The foundation will encourage the […]