SGB Update Sports & Fitness
Yue Yuen’s Q1 Profits Dip
Yue Yuen reported revenues grew 8.4 percent in the first quarter but earnings slumped 20.9 percent.
Adidas Board Re-Elects Igor Landau As Chairman
Adidas re-elected Igor Landau as chairman of the Supervisory Board. In a statement, Adidas said Landau was re-elected “to accompany the current five-year strategic business plan, ‘Creating the New’, through to completion in the 2020 financial year and to ensure a smooth hand-over to a new Supervisory Board chairman.”
JD Sports Fashion Hires Ex-North Face Exec As Non-Executive
JD Sports Fashion PLC appointed former North Face executive Kath Smith as non-executive director with immediate effect.
Nike Responds To Backlash Over Maternity Leave Policy
Nike admitted that in the past its female sponsored athletes have had their pay cut back for ‘performance-based payment reductions’ related to pregnancy but it changed the policy in 2018.
PVH Sets New Supply Chain Transparency Targets
PVH Corp. announced the evolution of its Corporate Responsibility (CR) strategy – Forward Fashion – a vision for the future that sets a new level of ambition and transparency; and reinforces its long-standing commitment to sustainable business.
Study: One In Six Children With Concussion Experiences a Second Within Two Years
A new study from Children’s Hospital of Philadelphia’s (CHOP) Center for Injury Research and Prevention (CIRP) and the Centers for Disease Control and Prevention (CDC) finds that one in six children aged 5 to 15 who has a concussion will go on to experience a repeat concussion within two years.
Iconix’s Revenues Drop 26 Percent In Q1
Iconix Brand Group Inc. reported a steep drop in revenues in the first quarter but operating profits improved due to cost-control efforts.
Mizuno’s America Region Returns To Profitability
Mizuno Corp said its America region returned to profitability for the first time in four years. Sales fell for the third straight year.
Descente’s Earnings Slide In The Year
Descente Ltd. reported net income declined 31.7 percent in its year ended March 31 due to an increase in SG&A expenses and impairment charges related to Inov-8 and Skins. Revenues inched up 0.9 percent.
ElliptiGO Announces New Operations, Sales Team Members
ElliptiGO Inc., the pioneer of stand-up cycling, announced the addition of two new team members at both their San Diego headquarters and in the field. Jessica DellaRossa has been hired as a sales operations specialist. Cindy Decker has been hired as a territory sales manager.
Mueller To Sponsor World Federation Of Athletic Training And Therapy
Mueller Sports Medicine has signed on as the Official Sponsor of The World Federation of Athletic Training and Therapy (WFATT). WFATT encourages the development and growth the profession globally.
Vicis Partners With Conference USA
Conference USA and Vicis, the maker of football helmets, announced a partnership to extend access to the Vicis Zero1 conference-wide and educate football players on the latest safety advancements in sports equipment.
Lululemon Strips Founder Chip Wilson Of Right To Appoint Board Member
Lululemon in a regulatory filing declared that founder Chip Wilson’s right to appoint a board director has been terminated.
RYU Apparel Reports 67 Percent Revenue Hike In 2018
RYU Apparel Inc. reported revenue for the year ended December 31 reached $5.05 million, 67 percent higher than revenue of $3.0 billion in 2017.
Under Armour Opens New Omni Distribution House
Under Armour officially opened the doors to its new state-of-the-art Omni Distribution House (ODH). ODH is a 1.3 million square foot distribution and warehouse facility, located in Sparrows Point in Baltimore County, MD.
