SGB Update Sports & Fitness
Iconix Appoints CFO
Iconix Brand Group Inc. announced that John T. McClain has been appointed chief financial officer.
Foot Locker Smashes Wall Street’s Targets In Q4
Foot Locker Inc.’s fourth-quarter earnings came in well above Wall Street’s consensus estimate as same-store sales surged 9.7 percent. Said Dick Johnson, CFO, “The fundamentals of our core business remain strong and led to meaningful improvement in our financial results, not only during the fourth quarter but throughout 2018.”
Adidas Signs NFL Draft Prospects
Adidas announced new multi-year partnerships with Marquise Brown, WR from Oklahoma and Hakeem Butler, WR from Iowa State.
Golf Rounds Played Show Gains In January
According to Golf Datatech, golf rounds played in the U.S. were up 2.8 percent in January.
Garmin To Sponsor 11 Cycling Teams
Garmin announced sponsorship agreements with 11 professional cycling teams for 2019, including world tour and mountain/enduro biking teams.
U.S. Polo Assn. To Outfit USPA College Polo Teams
USPA Global Licensing Inc. (USPAGL), the official licensing arm and national broadcaster of the United States Polo Association (USPA), announced that U.S. Polo Assn. will be outfitting college polo players through a new nationwide collegiate outreach program.
Unequal Technologies Partners With Babe Ruth League And Cal Ripken Baseball
Unequal Technologies Company has signed on as the Official Performance Protection Partner for both Babe Ruth League and Cal Ripken Baseball, a division of BRL.
Fanatics Hatches Deal With South Korea’s Coupang
Fanatics reached an agreement to become the exclusive provider of fan merchandise on Coupang, South Korea’s largest internet marketplace. The deal marks Fanatics’s second global marketplace deal after an agreement with Walmart was announced last month.
Acushnet’s Q4 Profits Slide On Sales Dip
Acushnet Holdings Corp., the parent of Titleist, reported Fourth quarter net income of $11.4 million, down 37.4 percent year over year. Sales of $343.4 million were down 2.3 percent year over year and dipped 1.4 percent in constant currency.
Puma Takes Over From Nike As Manchester City Kit Supplier
Puma and City Football Group have signed a global long-term partnership, which will see Puma supply the reigning English Premier League champions Manchester City, as well as sister clubs in Australia, Spain, Uruguay and China.
Slinger Bag Hires Seasoned Tennis Executive As CEO
Slinger Bag, makers of a portable tennis ball launcher, announced that Mike Ballardie has been named CEO of the company.
Nike Ranked Most Valuable Apparel Brand
Nike ranked as the most valuable apparel brand at $32.4 billion, according to Brand Finance, the brand valuation and strategy consultancy.
Zone7 Raises $2.5 Million Seed Round
Zone7, which uses data and analytics to identify the potential for injuries with athletes, has raised $2.5 million in seed funding, led by Resolute Ventures, with participation from UpWest, Amicus Capital, Dave Pell, PLG Ventures, as well as current and former professional athletes.
Fitbit Sees Profit Rebound In Q4
Fitbit Inc reported a profit on an adjusted basis of $36.3 million, or 14 cents a share, rebounding from a loss of $4.7 million, or 2 cents, a year ago. Sales inched up 0.1 percent to $571.2 million from $570.8 million. Device sales grew for the first time since the fourth quarter of 2016.
Sports Stars To Support PHIT Act On Capitol Hill
On March 13, 2019, the Sports & Fitness Industry Association (SFIA) will be hosting the 20th annual National Health Through Fitness Day to promote the Personal Health Investment Today (PHIT) Act. Herschel Walker, Steve Garvey and Carl Lewis will be among the sports legends in attendance.
