SGB Update Sports & Fitness
Peloton Raises $550M At A Valuation Of $4 billion
Peloton,, the in-home cycling and running studio specialist, announced a $550 million Series F financing round, capital that will enable the company to continue to innovate aggressively and to expand into more international markets. The round puts Peloton’s valuation at $4 billion in the company’s sixth year.
Clemson, Nike Announce New 10-Year Deal
Clemson Athletics and Nike reached an agreement for a 10-year, $58 million extension to their all-sport partnership.
Nike Declines To Renew Jameis Winston’s Contract
Nike has opted not to renew the company’s endorsement contract with Tampa Bay Buccaneers quarterback Jameis Winston, ESPN reported.
Shimano’s Sales Up 7.1 Percent In First Half
Shimano Inc. reported sales increased 7.1 percent in the first half ended June 30 to ¥174.7 billion. Operating earnings grew 11.9 percent to ¥34.5 billion while net income increased 48 percent to ¥27.7 billion.
July Retail Jobs Increase 66,000 Over 2017
Retail industry employment in July increased by 66,000 jobs unadjusted over the same time last year showing on-going industry growth, the National Retail Federation said Friday.
Baylor University To Wear Vicis ZERO1 Helmet
The Bears will be one of the first college programs to outfit the majority of the roster with the ZERO1.
Wahoo Fitness Finds investor
Norwest Equity Partners (NEP) has made a significant investment in Wahoo Fitness, a technology-focused fitness company that specializes in smart training products such as indoor bike trainers, GPS bike computers, apps and sensors for cyclists, runners and fitness enthusiasts.
SFIA Announces 2018 Future Industry Leaders Scholars
Winners include Jordan Buchsbaum (sports marketing manager, Under Armour), Doug Buser (senior director of marketing & business development, Volt Athletics), Ben Connery (director of specialty sports, BSN Sports), Michael Lysaught (strategic account manager, SKLZ), Karen Menez (director of communications, Asics America) and Gabe Nagelkirk (senior product manager, Xenith).
Mitre Replaces Nike As FA Cup Ball Supplier
The English Football Association has entered into a partnership with British football equipment manufacturer Mitre. Mitre replaces Nike.
Callaway Golf Hikes Outlook On Above-Plan Q2
Callaway Golf Company lifted guidance for the year after reporting second-quarter results came in well above expectations.
Respect Your Universe Opens First U.S. Store
RYU Apparel Inc., creator of urban athletic apparel, announced the opening of the company’s first U.S. retail store and the debut of ‘Your Universe’ campaign.
Gildan Activewear Raises Outlook On Improving Q2
Gildan Activewear reported an earnings gain of 1.2 percent in the second quarter as a 6.8 percent sales gain and expense controls offset lower gross margins. The company slightly raised its outlook for sales and earnings for the year.
Acushnet Sees Double-Digit Gains In Q2
Acushnet Holdings Corp., the parent of Titleist and Footjoy, reported earnings rose 20.9 percent in the second quarter ended June 30 on an 11.7 percent revenue gain.
Versa Sales Help Drive Fitbit’s Q2 Income, Revenue Beat
Fitbit Inc. rode the strength of the company’s Versa smartwatch—which sold out during the second quarter—to beat analysts’ estimates on income and revenue. For the quarter ended June 30, the wearables company reported a net loss of $54 million, or (22) cents per share, beating analysts’ expectations by 2 cents. Fitbit also reported revenue of $299 million, beating consensus estimates by $$13.9 million
Vicis Partners With Visalia Unified School District In California
Visalia Unified School District announced the district will equip varsity football programs at all four of the district’s high schools with the Vicis Zero1 helmet for the 2018 football season.
