SGB Update Sports & Fitness
Asics Partners With Live Nation
Asics America Corporation is teaming up with Live Nation as an exclusive footwear sponsor across select venues and festivals in the US and Canada.
Dick’s Raises Guidance After Robust Q1
Dick’s Sporting Goods Inc. raised the company’s outlook for the year after reporting first-quarter earnings that came in well above Wall Street’s consensus target. Same-store sales dipped 2.5 percent.
Foot Locker And Pensole Open Registration For Annual Design Competition
Pensole Footwear Design Academy, in collaboration with Foot Locker Inc., opened registration for the company’s 2018 edition of “Fueling the Future of Footwear.”
Golf Rounds Tumble In April
According to Golf Datatech, golf rounds played on a national level were down 13.5 percent April 2018 compared to April 2017.
NRF Disappointed Over China Tariffs
NRF President and CEO Matthew Shay said in a statement, “China’s trade practices raise serious concerns, but job-killing tariffs aren’t the answer. As the U.S. and China prepare for another round of negotiations, we hope the administration has clearly defined objectives and concrete solutions to resolve this trade dispute without tariffs.”
RYU Apparel’s Sales Vault In Q1
RYU (Respect Your Universe) Apparel Inc., the maker of urban athletic apparel, reported revenue in the first quarter of 2018 was Canadian $907,915, 94 percent higher than year-ago levels.
PHIT America Launches National Fundraising And Awareness Campaign
PHIT America is introducing the company’s first National Fundraising & Awareness Campaign, enabling any company, organization, association and employee in the sports and fitness industry to help educate and enlighten the U.S. about the negative side effects of physical inactivity.
Champion Partners With Steel Sports
Steel Sports has selected Champion as the Official Apparel Partner for the 35,000 youth players, families and coaches who participate in the company’s baseball programs.
Hibbett Sports Q1 Operating Earnings Slide
Hibbett Sports Inc. reported operating earnings slid 16 percent in the first quarter as comps dipped 0.3 percent and both margins and the chain’s expense rate eroded. Hibbett said results exceeded the company’s internal plan and gross margin improvement was seen in April.
Foot Locker Q1 Blows Past Q1 Estimates
Foot Locker Inc. reported earnings before charges slid 3.3 percent in the first quarter, but came in well ahead of Wall Street’s targets. Dick Johnson, Foot Locker’s CEO, said in a statement, “The flow of premium product continues to improve, with increasing breadth and depth in the most sought after styles from our key vendors.”
Report: Nike To Replace Under Armour In MLB Deal
Nike Inc. is close to striking a deal to continue as Major League Baseball’s on-field apparel suppler in the 2020 season, according to a report from SportsBusiness Daily. Under Armour was expected to assume on-field rights from Nike in 2020.
Arccos Golf Launches AI Platform Arccos Caddie 2.0
Arccos Golf has released a next-generation artificial intelligence platform, Arccos Caddie 2.0, which now provides players with real-time strategies for every shot on any hole in the world. Powered by Microsoft Azure, Arccos Caddie has also been made a free feature for all users of the Arccos 360 system.
PGA Tour Superstore Celebrates Women’s Golf Day
PGA Tour Superstore will offer hours of free golf instruction and golf activities in recognition of Women’s Golf Day on Tuesday, June 5, 2018.
Riddell Unveils Head-Impact Training Tool
Riddell unveiled the company’s InSite Training Tool (ITT), a web-based data center that collects and analyzes on-field head impacts. ITT comes as the newest feature in Riddell’s InSite impact monitoring platform.
ClassPass Hires VP of International
ClassPass, the fitness membership startup, announced the company will be expanding the company’s global presence by launching in nine new countries by the end of 2018. Chloe Ross has been hired as VP of international to lead the charge on global strategy and execution.
