SGB Update Sports & Fitness
Alta Gracia Acquired By Seasoned Team
Alta Gracia, a certified Living Wage apparel company, announced the company’s recent acquisition by Atlanta-based investment group AG Triada, along with lead investor TripleStone Partners. Alta Gracia designs and manufactures athletic lifestyle products licensed for collegiate and professional sports.
Implus Acquires SKLZ
Implus announced the acquisition of substantially all of the assets of Pro Performance Sports LLC d/b/a SKLZ, a leading provider of multisport athletic performance and skill development training products. SKLZ will propel Implus into the sporting goods category and further expands the company’s fitness division.
Champion To Exit Target
Hanesbrands said Champion sales grew 18 percent in the second quarter to drive a 4 percent sales increase. But the company announced that Champion and Target Corporation will not renew their contract for an exclusive line of C9 by Champion activewear apparel when the current contract expires at the end of January 2020.
Garmin Raises Full-Year Guidance On Q2 Beat
Garmin reported better-than-expected quarterly profit in the second quarter ended June 30 and raised the company’s full-year forecast. The gains were led by Marine and Aviation, both growing 24 percent and Outdoor, advancing 23 percent. Fitness increased 8 percent.
Big 5 Sporting Goods Misses On Income, Revenue
Big 5 Sporting Goods Corp. reported a net loss for the second quarter of fiscal 2018 of $0.2 million, or (1) cent per share, compared to net income for the second quarter of fiscal 2017 of $2.8 million, or 13 cents per diluted share. Analysts had expected a profit of 11 cents per share.
ClassPass Announces Free Standalone App For Guided Audio Workouts
ClassPass, the fitness membership subscription service, announced ClassPass Go, an app offering high-energy, guided classes from top trainers set to motivating music.
Aramark Launches Performance Work Line
Aramark, a leader in food, facilities management and uniforms, announced the launch of the Aramark FlexFit performance uniform line featuring light-weight fabrics and inspired by the athleisure trend.
MGM Resorts International Named Official Gaming Partner Of NBA
MGM Resorts International and the National Basketball Association (NBA) on Tuesday announced a new multi-year partnership that will make MGM Resorts the official gaming partner of the NBA and WNBA.
Golf Rounds Decline In June
According to Golf Datatech, golf rounds played were down 1.2 percent in June compared to the same month a year ago. Gains were seen in the Mountain region, up 4.4 percent as well as South Central, 3.4 percent and Pacific, 2.0 percent.
Marucci Sports And LSU Announce Partnership
Marucci Sports has inked a deal to become the official baseball equipment provider to Louisiana State University. Marucci will be the Tigers’ exclusive provider of bats, fielding and batting gloves, catcher’s gear, bags and other protective products.
Adrienne Lofton Exits Under Armour
Adrienne Lofton, who has served as Under Armour’s SVP for global brand management since 2015, has resigned from the company, according to reports from Adweek and Advertising Age.
Nautilus Raises Sales Guidance On Expected Back-Half Pickup
Nautilus Inc. reported lower earnings in the second quarter on a slight sales decline as weakness in the company’s Direct segment offset gains at Retail. The company raised full year 2018 revenue guidance range due to signs of accelerating growth in the second half.
Fila Extends Sponsorship Of Western & Southern
Fila has extended the company’s sponsorship agreement with the Western & Southern Open, an ATP World Tour and WTA combined tennis event to be held August 11-19, 2018 at the Lindner Family Tennis Center, just north of Cincinnati.
TRT Holdings Exploring Possible Sale Of Gold’s Gym
TRT Holdings, Inc., the majority shareholder of Gold’s Gym since 2004, said the company will put the iconic fitness brand up for sale to focus more on the company’s core business. TRT has retained Piper Jaffray & Co. to conduct a sales process.
Puma Inks WNBA Deal
The Women’s National Basketball Association (WNBA) signed a league-wide footwear deal with Puma. The deal represents Puma’s first with a professional sports league.
