SGB Update Sports & Fitness

Garmin’s Q1 Revenues Expand 8 Percent

Garmin reports operating earnings rose 6 percent in the first quarter on an 8 percent sales gain. Marine segment revenues led the growth, up 18 percent. Sales expanded 9 percent in Fitness and 7 percent in Outdoor.

PVH To Make Nike-Branded Underwear

PVH Corp. entered into a licensing agreement with Nike Inc. for the design, sourcing, marketing and worldwide distribution of Nike-branded men’s underwear.

USA Swimming Hires Chief Commercial Officer

USA Swimming, the national governing body for the sport of swimming in the U.S., hired Shana Ferguson, a former Under Armour executive, as its new chief commercial officer (CCO).

Fabletics To Open 12 Stores In 2019

Fabletics, the active-lifestyle brand co-founded by Kate Hudson in 2013, announced its New York City debut with the opening of a pop-up shop in SoHo.  The pop-up space kicked off the brand’s 2019 retail expansion which will include 12 new permanent retail stores throughout the U.S.

RYU Announces Three New Appointments To Executive Team

RYU Apparel Inc., creator of urban athletic apparel, announced the appointments of Ryan Lindholm as SVP of marketing and innovation, Danielle Hinan as director of brand and Bethany Young as creative product design director.

Wilson Extends Partnership With FIBA

Wilson Sporting Goods Co., and FIBA, the International Basketball Federation, announced that they have extended their partnership for 3×3 basketball through 2028.

Puma’s Q1 Revenues Climb 15 Percent

Puma SE reported earnings jumped 40.1 percent in the first quarter as sales improved 15.3 percent and gross margins expanded 80 basis points. Sales in the Americas grew 16.3 percent on a currency-neutral basis. Bjørn Gulden, CEO, said: “The first quarter of 2019 was the best quarter Puma has ever seen.”

ViewSport Becomes Ironman Sponsor

Ironman has announced a new multi-year global partnership with sports apparel company ViewSport to become the Official Recreational Apparel Partner of Ironman. ViewSport will also be the title sponsor for the Ironman Lake Placid triathlon.