SGB Update

Skechers Q2 Profits Dip on Currency Losses

Skechers USA Inc. reported earnings declined slightly in the second quarter largely due to foreign currency translation and exchange losses. Revenues gained 9.7 percent as strong growth overseas offset a 5.4 percent decline domestically due to the timing of shipments.

Wolverine World Wide Opens New Waltham, MA Headquarters

Wolverine World Wide, Inc. announced the grand opening of its 245,000-square-foot-regional headquarters at 500 Totten Pond Road in Waltham, MA. The new Wolverine campus is home to the Sperry, Saucony, Keds and Stride Rite  brands.

Orangetheory Fitness Promotes New President

Orangetheory Fitness’ CEO Dave Long announced the promotion of David Carney as the new President of the growing fitness franchise. Carney, a 30-year industry veteran with operations experience, joined the company in 2014 as COO.

ACE Study: SUP Not a Significant Workout

Stand Up Paddle Boarding (SUP) may not provide a medically significant workout, according to new findings by the American Council on Exercise (ACE).

Fitbit v. Jawbone Rival Grows with Patent Case Dismissal

Fitbit, the Kleenex of the fitness tracking industry, went after Jawbone last year in a case relating to three patents (portable monitoring, wearable heart-rate monitor and a system where a motion detector monitors physical activity), which were dismissed as invalid by U.S. International Trade Commission Judge Thomas Pender.

Textile Exchange Anoints Sustainability Leaders

Textile Exchange (TE) listed apparel brands doing the most to enhance sustainability in the textile supply chain through their use of organic cotton and other “preferred fibers.”