SGB Update Sports & Fitness
May Retail Jobs See Huge Year-Over-Year Increase
The retail industry employment increased by 28,800 jobs seasonally adjusted in May over April and 100,200 jobs unadjusted year-over-year, the National Retail Federation said Friday.
Newell Brands’ CFO To Retire
Newell Brands Inc. announced that Ralph Nicoletti, executive vice president and chief financial officer, will retire at the close of 2018.
Under Armour Extends Partnership With Towson University
Towson University in Maryland and Under Armour Inc. announced a continued partnership agreement.
Big 5 Faces Disgruntled Shareholders Again
A group of investors reportedly sent a letter to Big Five Sporting Goods’ board of directors on May 7 asserting the sporting good chain’s shares are “undervalued and represent an attractive investment opportunity,” according to a press release from the law firm Johnson Fistel.
Sport Chek Opens Kids-Only Concept
Sport Chek has opened the company’s first location focused exclusively on kids, according to retail-insider.com.
Lululemon Delivers Blowout Q1
Lululemon Athletica Inc. reported first-quarter earnings vaulted 140 percent in the first quarter, riding a 20 percent comp gain driven by online sales and a 370 basis-point improvement in gross margin. The retailer’s full-year outlook was lifted as results easily beat internal guidance.
PVH Corp. Posts Q1 Income, Revenue Increases
PVH Corp., parent of Tommy Hilfiger, Calvin Klein and Heritage Brands, reported earnings for the first quarter ended May 6 of $179.4 million, or $2.29 per share, up from $70.4 million, or $0.89 per share, in the year-ago quarter.
Asics And Disney Team Up To Get Families Moving
Asics announced a global partnership with The Walt Disney Company on a cross-media campaign tied to upcoming movie release, Disney·Pixar Incredibles 2. The goal of the campaign is “to get families moving this summer.”
Perry Ellis’ Q1 Sales Climb 5.4 Percent
Perry Ellis International reported sales rose 5.4 percent in the first quarter, fueled by growth in Golf and Nike Swim and a high-single digit increase in the direct-to-consumer channel sales.
Topgolf Names Ben Sharpe President Of Toptracer Range
Topgolf Entertainment Group (TEG) has hired former TaylorMade Golf Co. CEO Ben Sharpe to expand the company’s global footprint of driving ranges that license the company’s Toptracer Range technology.
NFHS Appoints Executive Director
Dr. Karissa Niehoff, executive director of the Connecticut Association of Schools-Connecticut Interscholastic Athletic Conference (CAS-CIAC) the past seven years, has been selected as the next executive director of the National Federation of State High School Associations (NFHS), effective August 1.
Adidas Replaces Nike As Nevada Sponsor
The University of Nevada and Adidas announced a multi-year partnership in which Adidas will be the official athletic footwear, apparel and accessory brand of the Wolf Pack. Nevada has been with Nike.
Russian Football Union Extends Partnership Agreement With Adidas
The Russian Football Union (RFU) IS extending the group’s cooperation agreement with Adidas until 2022.
Inov-8 Appoints Top Crossfitter To Marketing Team
Inov-8 appointed top crossfitter Fran Calvert to its marketing team to head up functional fitness and training.
USHL Selects Bauer As Exclusive Equipment Supplier
The United States Hockey League (USHL) and Bauer Hockey on Wednesday announced an exclusive partnership in which the top brand in hockey will supply equipment to the junior league.
