SGB Update Sports & Fitness
Lorna Jane Continues Expansion
Lorna Jane, the Australian women’s activewear brand, is opening eight more stores in the U.S. to bring the brand’s store count to 38.
OBIT … Fila’s Jon Epstein
Jon Epstein, president and global chief commercial officer of Fila North America, died on Friday. He was 63.
Asics Appoints Koichiro Kodama To Head Asics America
Asics announced that Koichiro Kodama will replace Gene McCarthy as president and CEO of the Asics America Group segment.
Asics’ Operating Earnings Tumble On Americas Weakness
Asics reported operating income slumped 46.3 percent in 2018 on a 3.4 percent decline in sales. Results were impacted by a sharp decline in sales in the Americas region.
Puma Q4 Revenues Jump 20 Percent
Puma wrapped up 2018 by reporting significant earnings gains in the fourth quarter on a 20.1 percent revenue gain. For 2019, Puma expects earnings to climb 23 percent on a 10 percent sales increase.
Headsweats Becomes Apparel Sponsor Of Mercedes-Benz Corporate Run
Headsweats joins the Mercedes-Benz Corporate Run presented by Turkish Airlines as the official apparel sponsor.
HanesBrands Achieves Leadership Position in CDP 2018 Report
HanesBrands announced that it earned an A- score and took a leadership position in the CDP 2018 Climate Change Report. Hanes has voluntarily reported its carbon emissions data since 2010 to CDP, which was formerly known as the Carbon Disclosure Project.
Puma And NBA Announce Multiyear Partnership
The National Basketball Association (NBA) and Puma announced a new multiyear partnership that will make Puma an official marketing partner of the NBA. Puma will be able to feature athletes in their respective NBA uniforms and team logos.
Shimano’s Revenues Expand 3.6 Percent In 2019
Shimano reported operating income rose 2.1 percent in 2019 as sales improved 3.6 percent.
RYU Apparel Closes First Tranche Of $6 Million Private Placement
RYU Apparel Inc. has closed a first tranche of the non-brokered private placement financing of up to 80 million units at a price of $0.075 per unit for gross proceeds of up to $6 million.
Tough Mudder Partners to Launch On-Demand Fitness Training Program
Openfit, a digital streaming platform, is teaming up with Tough Mudder to create Tough Mudder T-MINUS 30, a 30-day fitness and nutrition program to prepare participants for the physical and mental challenges of a Tough Mudder event.
Garmin Agrees To Acquire Tacx
Garmin Ltd. announced that one of its affiliates has signed a definitive agreement to acquire all of the outstanding shares of Tacx Onroerend en Roerend Goed B.V (Tacx), a privately-held Dutch company that designs and manufacturers indoor bike trainers, tools and accessories, as well as indoor training software and applications.
Fila Extends Partnership With John Isner
Fila announced it has extended its partnership with the top ranked American male, World No. 9 John Isner.
BSN Sports Acquires Johnny Mac’s
BSN Sports has acquired the team sports business of Johnny Mac’s Sporting Goods, based in St. Louis. All nine of Johnny Mac’s stores are expected to close.
Under Armour Q4 Beats Wall Street’s Expectations
Under Armour Inc. reported better-than-expected fourth-quarter earnings and revenue, boosted by apparel sales and growth overseas. North America revenue decreased 6 percent but losses in the region were significantly reduced. The company maintained its outlook for 2019.
