SGB Update Sports & Fitness
Kohl’s Increases Rewards Program Earn Rate To 7.5 Percent
Kohl’s announced the nationwide rollout of its new Kohl’s Rewards program enhancement that will offer all Rewards members that use their Kohl’s Card an elevated earn rate of 7.5 percent Kohl’s Rewards on every purchase. Previously, all Kohl’s Rewards members would earn 5 percent Kohl’s Rewards, regardless of payment method.
Pou Sheng Sees Decline In First Quarter Profit
China’s Pou Sheng International said it expects to report a “substantial decrease” in profits in the first quarter due to new wave of the pandemic in its operating regions.
Descente Transfers Overseas Sales To Japanese Subsidiary
Descente, Ltd., the Japanese company that holds territorial licenses or trademark rights for several Western brands besides its own, has opted to shift the company’s international product sales to its consolidated subsidiary, Descente Japan, Ltd.
Obit: Sneaker Designer Peter Moore
Peter Moore, who helped launch Air Jordan 1 for Nike and reinvent Adidas in the nineties, passed away on Friday at 78. The news was revealed in statements from Nike and Adidas.
Newell Brands Sees Double-Digit Growth In Outdoor & Recreation Segment
Newell Brands said its Outdoor & Recreation segment generated net sales of $388 million in the first quarter compared with $336 million in the prior-year period of 15.5 percent. The gain reflects core sales growth of 22.9 percent, partially offset by the impact of exits from low margin categories and unfavorable foreign exchange.
Gatorade Sees Double-Digit Growth In First Quarter
Gatorade generated double-digit growth in the first quarter, according to the quarterly conference call of its parent, Pepsico.
Golftec Opens Location In Houston
Golftec announced the opening of an instruction and club fitting center in Houston.
Delta Apparel Appoints New Board Member
Delta Apparel, Inc. announced the appointment of Sonya E. Medina to its Board of Directors.
Nike Unveils One-Million-Square-Foot Serena Williams Building
Nike has unveiled the Serena Williams Building, a one-million-square-foot space at its headquarters in Beaverton, OR. The structure houses 200,000 square feet of lab space for Nike’s Consumer Creation team to “create the future of sport.”
PlayOn! Sports To Merge With GoFan
PlayOn! Sports, operator of the NFHS Network, and GoFan, a digital ticketing company in the high school sports market, have entered into a definitive merger agreement.
Centric Brands Acquires Hosiery Division From Daytona Apparel Group
Centric Brands LLC. announced the strategic acquisition of a division of Daytona Apparel Group, a portfolio of retail brands owned by Windsong Brands, that closed on March 24th of this year. Centric will take full ownership of Daytona Apparel Group’s hosiery division which sells product across multiple brands in stores nationwide.
Higg Raises $50M In Series B Funding Round
Higg Co, the technology company behind the Higg Index platform, announced its $50 million Series B funding round. The funding is co-led by technology growth investor Silversmith Capital Partners, Tom Steyer and Katie Hall’s Galvanize Climate Solutions, along with participation by Series A partners Titan Grove and Buckhill Capital.
Puma’s Q1 Boosted By Americas Momentum
Puma reported earnings rose 11.2 percent in the first quarter on a 23.5 percent revenue gain. Currency-neutral growth of 19.7 percent was led by gains of 44.1 percent in the Americas region and 25.5 percent in EMEA that offset declines in Greater China. The company maintained its outlook for the year.
Garmin Sees 9 Percent Growth In First Quarter
Garmin reported sales grew 9 percent in the first quarter ended March 26. Sales gains of 50 percent in its Outdoor segment and 21 percent in its Marine segment offset a decline of 28 percent in its Fitness segment.
Darn Tough Vermont Appoints COO
Darn Tough Vermont announced the promotion of Angelica Taylor to chief operating officer. Taylor is advancing into this role after spending the last year as Darn Tough’s vice president of finance.
