SGB Update Sports & Fitness
HanesBrands’ Q1 Tops Guidance
HanesBrands reported adjusted earnings in the first quarter declined 10 percent in part due to raw material inflation but earnings topped guidance. Sales grew 7 percent on robust growth internationally and high-single-digit growth for Champion domestically.
NFHS Appoints Executive Director
The National Federation of State High School Associations (NFHS) has selected Dr. Karissa Niehoff, executive director of the Connecticut Association of Schools-Connecticut Interscholastic Athletic Conference (CAS-CIAC) the past seven years, as the organization’s next executive director.
Thule’s Q1 Profits Climb 12 Percent
Thule Group AB reported first-quarter earnings jumped 11.9 percent to SEK 220 million as revenue improved 5.6 percent to SEK 1.6 billion.
Yue Yuen Issues Profit Warning
Yue Yuen Industrial Ltd. said it expects to record a decrease of around 20 percent to 25 percent in profit for the three months ended March 31.
Nike Appoints New GM Of Global Categories
Nike Inc. announced that Amy Montagne has become the new VP, GM of global categories. Nike also confirmed that Kellie Leonard has become its first-ever chief diversity and inclusion officer.
Teamwork Athletic Apparel Appoints New National Sales Director
Teamwork Athletic Apparel, the maker of licensed apparel and team uniforms, hired Jeff James as national sales director.
Fitbit Collaborates With Google
Fitbit Inc. and Google announced a collaboration on digital health and wearables.
Implus Acquires Winter Traction Brand Stabil
Implus, a Durham, NC-based provider of athletic, fitness and outdoor accessories, has acquired 32 North Corp., dba Stabil, the maker of Stabilicers, Stat-A-Rest and Stabil Turf performance footwear traction products made in the U.S. and Canada. Terms were not disclosed.
Ex-Adidas Team Director Pleads Guilty In NCAA Bribery Case
The former director of an Adidas-sponsored travel basketball team, Thomas “T.J.” Gassnola, pled guilty to federal wire fraud charges and agreed to cooperate with prosecutors in the government’s NCAA basketball bribery case, according to court documents made public Friday.
Perry Ellis To Redeem $50 Million In Notes
Perry Ellis International Inc. said the company notified U.S. Bank National Association of intent to redeem the remaining $50 million of the company’s outstanding 7.875 percent senior subordinated notes due in 2019.
Amer Sports Acquires Peak Performance
Amer Sports Corporation has acquired all the shares and related businesses of Peak Performance AB from the Danish fashion company IC Group.
Implus Expands Independent Retail Sales Team With New Territory Managers
Implus expanded its independent retail sales team with the addition of seven new territory managers to better support specialty retailers for Balega, FuelBelt, Yaktrax, DryGuy, TriggerPoint, Perfect, FootZen, Sof Sole, Spenco, Harbinger, Perfect and Sneaker Balls.
Play It Again Sports Parent Increases Cash Dividend
Winmark Corp. announced that the company’s board of directors has approved an increase in regular quarterly cash dividend to shareholders.
Nike Named Official Partner Of Berlin 2018 European Athletics Championships
Nike signed on as the Official Partner of the Berlin 2018 European Athletics Championships.
’47 Opens Store In Petco Park
’47, the fan apparel specialist, announced the opening of the company’s first official team store in Petco Park – home to the San Diego Padres.
