USATF Signs Exclusive Nutrition Deal
USA Track & Field (USATF) signed nutrition company Garden of Life as an official sponsor, to exclusively provide protein bard, powder, shakes and probiotic products to athletes.
Brooks Running Company Appoints New Leadership
Brooks Running Company promoted Patrick Pons de Vier to senior vice president of Global Footwear and hired Gerald Kuhtz as senior design director of Global Footwear.
Calvin Klein Appoints Chief Creative Officer
Calvin Klein, Inc. has named Raf Simons as chief creative officer of the brand.
Crocs Q2 Sales Slide 6 Percent
Crocs Inc. reported sales slumped 6.3 percent in the second quarter to $323.8 million compared to the three months ended June 30, 2015.
Nike Acquires Virgin Mega
Nike Inc. said it acquired Virgin Mega, a 12-person startup that is part of Richard Branson’s Virgin Group.
Sturm, Ruger & Co’s Q2 Earnings Jump 34 Percent
Sturm, Ruger & Company Inc. reported sales climbed 19.2 percent in the second quarter, to $167.9 million compared with net sales of $140.9 million a year ago.
Sturm, Ruger & Co. Names CEO Successor
Sturm, Ruger & Company, Inc. named President & Chief Operating Officer Christopher J. Killoy as Michael O. Fifer’s successor to the role of CEO.
Performance Sports Group Lays Off Employees
Performance Sports Group Ltd. announced additional corporate restructuring activities which will result in the company reducing its workforce across several areas and levels of the organization.
Big 5 Fights Off Liquidation Pressures in Q2
Big 5 Sporting Goods reported earnings fell 19.2 percent in the second quarter due to the impact of liquidation sales by Sports Authority and Sport Chalet but they still came in ahead of internal expectations.
Lenzing to Spend €100M Expanding Capacity
The Lenzing Group said it will invest more than €100 million over the next 20 months to expand production capacities for its wood-based specialty fibers, which are used by many outdoor and athletic apparel brands.
Fitbit Exceeds Q2 Views, Reaffirms Full-Year Guidance
Fitbit Inc. reported earnings in the second quarter fell sharply but came in ahead of Wall Street’s estimates for second-quarter sales and earnings.
HanesBrands Q2 Revenues Slip
HanesBrands, the parent of Champion, reported that consistent with the company’s expectations, net sales in the second quarter decreased 3 percent to $1.47 billion.
Big 5’s Q2 Earnings Drop
Big 5 Sporting Goods Corp. reported earnings slid 19.2 percent in the second quarter as same-store sales declined 1.7 percent.
Bogs Sales Plummet in Second Quarter
Weyco Group Inc. (Nasdaq:WEYS) reported that net sales of its once high-flying Bogs footwear brand plummeted 47 percent in the second quarter and it expects the brand’s sales to be down 25 percent this year.
Dorel’s IBD Unit Names US GM, Supply Chain Chief
Cycling Sports Group, which owns Cannondale, named a new supply chain chief and a general manager for its U.S. independent bicycle dealer channel.
