SGB Update Sports & Fitness
Industry Veteran Tim Hanifin To Lead Ikor Sales Team
Ikor Labs, the Boulder-based producer of recovery-enhancing hemp oil/CBD (cannabidiol) products for endurance athletes, announced the addition of sales veteran Tim Hanifin as director of sales to their expanding team.
Study Finds America’s Monthly Tariff Bill Spikes To $6 Billion
New data released by Tariffs Hurt the Heartland shows American businesses and consumers paid $6 billion in tariffs in June 2019, one of the highest tariffed months in U.S. history and up 2.5 billion (74 percent) from the same month last year.
Foot Locker Unveils Washington Heights Community Power Store
Foot Locker announced the grand opening of its Washington Heights community-based Power Store. The store features a full suite of immersive capabilities for consumers to experience, including an activation space on the second floor. The 9,000 square foot store is also the first among Foot Locker stores to showcase Nike App at Retail digital technology.
The Running Event (TRE) Grows Leadership Team
The Running Event (TRE), the trade show in the running specialty industry that is produced by Diversified Communications, announced the appointment of corporate marketing and strategic development veteran Anne Gray as event director of TRE.
New Fleet Feet Location Set to Open In Atlanta Area
Fleet Feet announced the planned opening of a new store in Peachtree City, GA later this year.
Sears To Close 26 More Stores
Sears, which emerged from bankruptcy earlier this year, announced plans to close five Kmart and 21 Sears stores.
Dick’s SG Partners With Lindsey Vonn Foundation
In conjunction with The Dick’s Sporting Goods Foundation, The Lindsey Vonn Foundation (LVF) has established The Dick’s Foundation Sports Matter Scholarship for underprivileged youth athletes across the country.
Adidas’ Q2 Currency-Neutral Sales Rose 4 Percent
Adidas AG reported earnings rose 10 percent in the second quarter as sales expanded 4 percent on a currency-neutral basis. Currency-neutral sales increased 12 percent in Emerging Markets and 8 percent in Asia-Pacific, led by 14 percent growth in China. Revenues in North America increased 6 percent Adidas’ outlook was confirmed for the year.
Descente’s Q1 Revenues Slide 4.2 Percent
Descente Ltd. reported a sharp decline in profits in the first quarter ended June 30 as sales dipped 4.2 percent.
BSN Sports Signs Mike Procopio As Brand Ambassador
BSN Sports, a division of Varsity Brands, announced that Mike Procopio, director of player development for the Dallas Mavericks and renowned coach in the professional basketball community – has joined the company as a brand ambassador for the Basketball division.
Equinox Group To Launch New Digital Venture
Equinox Group announced the development of a multi-brand digital platform offering premium fitness content from leading brands, including Equinox, SoulCycle, Precision Run and more, with personalized programming from top instructors. The initiative is being led by Jason LaRose, former president, North America at Under Armour.
Escalade’s Q2 Sales Expand 14 Percent
Escalade Inc. reported a strong increase in profits in the second quarter on revenue growth of 14.3 percent. Outdoor categories fueled the sales gains.
G-Form Appoints Glen Giovanucci As CEO
G-Form LLC, a leading sports protective gear brand, announced that Glen “Gava” Giovanucci will become chief executive officer of the company at the end of August. Giovanucci will be taking on this leadership role following a highly successful track record of driving significant growth across a diverse set of sporting goods brands. “I look forward […]
Acushnet Sees Slight Q2 Earnings Decline
Acushnet Holdings Corp., the parent of Titleist and Footjoy, reported earnings slid 3.5 percent in the second quarter ended June 30 as sales slumped 3.3 percent due to a decline in golf club sales.
Hylete Files For $18 Million IPO
Hylete, an online seller of fitness apparel and gear, on Tuesday filed with the Securities & Exchange Commission to raise up to $18 million in an initial public offering.
