SGB Update

Varsity Brands Honors High School Leaders

Varsity Brands, the parent of Herff Jones, BSN Sports and Varsity Spirit, hosted its inaugural Varsity Brands School Spirit Awards in Orlando, FL on April 30 to recognize standout educators, teaches, coaches and students.

Sportsman’s Warehouse Grows Q1 Comps on Firearms Sales

Sportsman’s Warehouse Holdings, Inc. reported net sales increased 9.0 percent to $151.6 million in the 13 weeks ended April 30 compared with the first quarter of fiscal 2015. Same store sales decreased by 2.2 percent over the same period.

Concourse Sports Acquires Team Express

Concourse Holdings LLC, which owns RedsGear.com, KnifeHog.com and SoftballFans.com, has completed its acquisition of San Antonio-based sports retailer Team Express Distributing, LLC, the owner of Baseball Express, Softball.com and Football America.

Under Armour Signs $280 Million Deal With UCLA

Under Armour has signed a 15-year, $280-million contract with UCLA in what’s believed to be the largest shoe and apparel deal in NCAA history. UCLA’s contract with Adidas expires next year.

Study: Fitness Trackers May Not Inspire Fitness

Motivating consumers to engage in fitness activities may have little to do with buying a wearable or tracker, as researchers at Clarkson University released a study on May 23, 2016 showing students did not take more steps after being told their fitness would be recorded, versus days in which they did not believe their steps were being tracked.

Lamartek Cleared by Jurors Trying $25M Negligence Claim

Lamartek Inc., which does business as Dive Rite Express, was cleared May 20 of any responsibility for the death of underwater photographer Wesely Skiles, who died while using its rebreather during a dive off the Florida coast in 2010.

OIWC Opens Nominations for Outstanding Women in Bicycle Industry

The Outdoor Industries Women’s Coalition (OIWC), the only organization focused on the inclusion of women in the outdoors from participant to CEO, issued its annual call for nominations for the Pioneering Woman Award and First Ascent Award in the bicycle industry.