SGB Update

GoPro’s Revenues Nosedive 47 Percent

GoPro swung to a quarterly loss of $91.7 million, or 66 cents per share, compared to a profit of $35 million, or 24 cents, in the same period a year earlier. However, adjusting for certain items, the company’s loss of 52 cents was better than the 58 cents Wall Street analysts were looking for.

Callaway Golf Earnings Jump

Callaway Golf Company reported a 6.5 percent increase in net sales in the second quarter and a 140 percent increase in earnings per share.

Cobi Launches Connected Biking System

Cobi, the first integrated system to make cycling a “smart” experience, is now available for purchase in 34 countries and five different languages.

EPA OKs Thermacell’s Zika Claims

Thermacell Repellents Inc. said the EPA has certified its products as effective repellents of the mosquito that transmits Zika virus and other diseases.

Nike Lowering LeBron James Sneaker Price

Nike reportedly is reducing the price of LeBron James’ Nike signature sneakers. The upcoming LeBron 14 shoe will sell for $175, down from the $200 price tag for the LeBron 13.

Millet Mountain Group Sales Up in First Half

The Millet Mountain Group of outdoor apparel brands increased sales by 11.0 percent in the first half of the year, but expect a decline in preseason orders to drag down year results.

Reebok Collaborates With Tristan Eaton on Yoga Apparel

Reebok has teamed up with artist Tristan Eaton to create a street-art-inspired yoga apparel collection. Tristan Eaton is a designer, graffiti artist, street muralist, illustrator and toy designer. His work has been featured on walls and billboards, including a mural at Reebok’s Headquarters in Canton, MA. Reebok has recently been partnering with studio artists to […]