SGB Update Sports & Fitness

Adidas AG Sees Currency-Neutral Growth Of 6 Percent In Q3

Adidas AG reported net income from continuing operations decreases 2 percent, as expected, in the third quarter as revenues grew 6 percent on a currency-neutral basis. The outlook for the full-year was confirmed with expectations for significant top-line acceleration expected in Q4.

Adidas Partners With International Space Station

Adidas announced its multi-year partnership with the International Space Station (ISS) U.S. National Laboratory, managed by the Center for the Advancement of Science in Space – CASIS, to explore the boundaries of product innovation, human performance and sustainability.

Pelé Soccer Opens Flagship In Times Square

Pelé Soccer announced the opening of its flagship location in Times Square on November 4, 2019, where fans and players can “shop the beautiful game” in New York City.

Ballogy Partners With Naismith Memorial Basketball Hall Of Fame

Ballogy Inc., the software company changing the way youth and amateur athletes train and develop for their sports, announced they are teaming with the Naismith Memorial Basketball Hall of Fame to host 3-Point Shooting Contests at upcoming Hoophall events, a series of match-ups showcasing top Division 1 college basketball teams between November and January.

NSGA To Move Locations To Downers Grove

Effective November 11, 2019, the National Sporting Goods Association (NSGA) headquarters will be moving to a new location in Downers Grove, a western suburb of Chicago. 

Peloton Doubles Quarterly Revenue

Peloton Interactive Inc., in its first quarterly report since going public, lowered its net loss to $49.8 million in the first quarter compared to a loss of $54.5 million a year ago. Revenues reached $228.0 million in Q1, representing 103 percent year-over-year growth.

ASTM International Appoints New President Of Safety Equipment Institute

The ASTM International board of directors unanimously voted to name Tim Brooke, ASTM International’s vice president of laboratory service and certification, as the new president and chief operating officer of the Safety Equipment Institute (SEI), an ASTM International affiliate.

Li-Ning Launches First Retail Showrooms In Canada

Li-Ning, China’s sports brand, announced that for the first time ever in Canada its extensive collection of racket sport equipment, shoes and apparel is available in standalone retail showrooms.