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.
Spin Master Acquires Swimways
Spin Master Corp., the children’s entertainment company, acquired Swimways Corporation, a leader in the water and outdoor sports category.
Bravo Sports Expands Management Team
Bravo Sports Corp. added three new members, Jeff Balaban, Kyle Brookey, and Dave Davenport, to its team.
Cocona Partners with Point6 on Sock Line
Point6 and Cocona announced an exclusive partnership for wool socks utilizing Cocona’s 37.5 technology.
Academy Sports Donates 5,000 Backpacks to Boys & Girls Clubs of Greater Houston
Academy Sports + Outdoors donated 5,000 total backpacks stuffed with essential school supplies to all 13 Boys & Girls Clubs across the Greater Houston area.
