SGB Update Sports & Fitness
Gymshark Adds Tech Entrepreneur To Advisory Board
Gymshark announced that entrepreneur Gary Vaynerchuk is joining the company as an advisor to its board. This latest appointment comes as the U.K.-based fitness apparel brand is expanding its global presence.
Foot Locker And Designer Don C Launch Lifestyle Brand
Foot Locker announced the launch of All City by Just Don, a lifestyle brand created in partnership with Don Crawley, the American streetwear designer from Chicago known professionally as Don C.
Brooks’ Q3 Revenues Climb 24 Percent
Brooks’ Running reported revenue rose 24 percent year over year in the third quarter and is ahead 43.5 percent in the nine months. The brand warned that’s being impacted by supply chain disruptions.
Asics North America Delivers Double-Digit Growth In Q3
Asics said that for a third consecutive quarter, its North America region experienced a double-digit quarterly sales increase year-over-year.
S&S Activewear To Acquire TSC Apparel
S&S Activewear, based in Bolingbrook, IL, has signed a definitive agreement to acquire competitor TSC Apparel, marking S&S’s fourth acquisition since 2010.
LIV Golf Investments Bolsters Leadership Team
LIV Golf Investments, led by professional golfer Greg Norman, appointed Sean Bratches as its chief commercial officer and Ron Cross as chief events officer.
Adidas Scores High For ESG
S&P Global Ratings said that it has assigned Adidas AG an ESG Evaluation of 85.
BMC USA Appoints Marketing Manager
BMC USA announced it has hired Joan Hanscom as marketing manager.
Fleet Feet To Acquire JackRabbit
Fleet Feet, the largest franchisor of locally owned and operated running stores, announced that it has agreed to acquire JackRabbit, the second-largest running specialty retailer in the U.S., from affiliates of CriticalPoint Capital.
Fox Factory Sees Sales Jump 33 Percent In Third Quarter
Fox Factory Holding Corp. reported sales in the third quarter rose 33.3 percent. The increase reflects a 48.1 percent increase in Specialty Sports Group sales and a 22.8 percent increase in Powered Vehicles Group sales.
Dorel Sports Sees Flattish Q3 Sales Due To Supply Chain Disruptions
Dorel Industries reported that third-quarter revenue at its Dorel Sports segment was US$303.6 million, a slight decrease of US$2.0 million, or 0.6 percent from last year.
Xponential Fitness Partners With LA Fitness and City Sports Club
Xponential Fitness Inc. and Fitness International, LLC, operator of LA Fitness and City Sports Club, announced an exclusive development agreement. The agreement lays out a minimum development of over 350 franchised locations over five years to add Xponential brands in more than 500 Fitness International locations.
Peloton Slashes Outlook On Weakening Revenues
Peloton slashed its outlook for the full year after reporting results for the first quarter ended September 30 came in below analyst expectations.
Champion’s Q3 Sales Climb 20 Percent
HanesBrands Inc. announced results for the third quarter of 2021, with increased sales, operating profit, earnings per share and operating cash flow driven by strong point-of-sale performance and market share gains in its innerwear and activewear businesses. Global Champion brand sales increased 20 percent with balanced growth between the U.S. and International.
Acushnet Raises Outlook On Robust Q3
Acushnet Holdings Corp., the parent of Titleist and FootJoy, reported third-quarter revenues climbed 8.0 percent year over year and grew up 25.0 percent compared to 2019. Earnings were down, as expected, but both earnings and sales were far ahead of Wall Street estimates and Acushnet sharply raised 2021 guidance.
