SGB Update Sports & Fitness
American Academy Of Pediatrics Recommends Greater Access To Surgical Treatments For Severe Obesity
Recognizing that severe obesity is a serious and worsening public health crisis in children and adolescents, the American Academy of Pediatrics (AAP) is calling for greater access to metabolic and bariatric surgery, one of the few strategies that has been shown to be effective in treating the most severe forms of the chronic disease.
OBIT: Curt Mueller
Curt Mueller, a 2002 Sporting Goods Industry Hall of Fame inductee and the founder of Mueller Sports Medicine, passed away in his sleep on October 19, 2019 at the age of 85 in Prairie du Sac, WI.
Amazon Seen With Pricing Lead Heading Into The Holiday
Amazon is charging into the holiday shopping season with a strong appeal to consumer wallets, beating other U.S. online retailers on price by 20 percent, on average, across key product categories, according to Profitero’s latest study. Overall, Amazon prices were found to be 20 percent cheaper on average than other online retailers.
GNC Reports Q3 Loss
GNC Holdings Inc. reported a net loss of $2.4 million in the third quarter compared with net loss of $8.6 million in the prior-year quarter.
Headsweats Expands Team With Three Hires
Headsweats has rounded out its team with the addition of Katey Martus, Dorothy Pacheco and Megan Scharf. Pacheco joins as a senior account manager, Martus joins as an account manager, and Scharf comes on board as the social media and community manager.
Orangetheory Fitness Debuts New Documentary “Momentum Shift”
Orangetheory Fitness on October 21 debuted its new documentary, “Momentum Shift,” at the iconic DGA Theater in Los Angeles. The film spotlights Orangetheory Fitness Founder Ellen Latham, weaving her inspiring story with those of Coach Joe Oniwor and member Kristen Ritchotte to showcase how, with a shift in perspective and the power of believing in yourself, anyone can achieve More Life.
Puma Lifts 2019 Outlook As Q3 Profit And Revenues Climb
Puma raised its earnings guidance for the year as strong third-quarter earnings and overall momentum is expected to offset the negative impact from new tariffs in the fourth quarter in the U.S. Q3 sales grew 17.0 percent on a currency-neutral basis, led by a 28.5 percent gain in the Asia/Pacific region and a 17.9 percent climb in the Americas region.
Asics Takes Equity Stake In Dreamers Fund
Asics Corp. announced that its investment subsidiary Asics Ventures Corporation took an equity stake in Dreamers Fund, which invests primarily in early-stage startups in the U.S. Asics Ventures will be a limited partner in the fund.
Schuylkill Valley Sports Visits Congress To Support PHIT Act
Jerry Williams, Schuylkill Valley Sports President who serves on the board of the National Sporting Goods Association, recently visited Congress to lobby on behalf of the PHIT (Personal Health Investment Today) Act. In a statement, SVS said it continues to support this bipartisan piece of legislation.
Modell’s To Move Corporate Office
Modell’s Sporting Goods is moving its corporate offices in 2020 to 1430 Broadway on the southwest corner of West 40th St.
Gildan Steps Up U.S. Production With $5 Million North Carolina Yarn Mill
Gildan Activewear plans to invest $5 million to revamp and operate a new yarn spinning mill in Eden, NC. The new location will be the company’s fifth state-of-the-art yarn spinning mill in North Carolina.
Skechers Achieves Record Net Sales In Third Quarter
Skechers USA Inc. reported net earnings rose 13.7 percent in the third quarter on a 15.1 percent revenue gain.
Nike’s CEO Mark Parker To Step Down In January 2020, John Donahoe To Succeed
Nike Inc said John Donahoe will be appointed as the company’s new president and chief executive officer, effective Jan. 13, 2020. At the same time, Mark Parker, CEO since 2006 and chairman, president and CEO since 2016, will become executive chairman and continue to lead the board of directors and work closely with Donahoe and the senior management team.
Voxel8 Announcing Series B Investment Round
Voxel8, a start-up bringing 3-D printing to footwear and athletic apparel, announces a Series B funding led by DSM Venturing, the venture investment arm of DSM.
Synchrony And Dick’s Sporting Goods Announce Multi-Year Extension
Synchrony announced it has signed a multi-year extension with Dick’s Sporting Goods. Building on a more than 15-year relationship, this agreement will continue to provide customers with special financing promotions, an accelerated rewards program, and digital account management through the ScoreRewards branded credit card and co-branded Mastercard credit programs.
