SGB Update Sports & Fitness

PVH Corp. Partners With World Wildlife Fund

PVH Corp. announced a three-year partnership with conservation organization World Wildlife Fund (WWF) to support water stewardship efforts in key sourcing communities for PVH’s businesses and the broader apparel industry.

Jaybird Joins The Conservation Alliance

Sports audio and technology company Jaybird has joined The Conservation Alliance. In conjunction with this news, the company has announced two Earth Day promotions to benefit the organization.

Avia Reaches Deal For Expansion In China

Sequential Brands Group Inc. announced that the company has entered into a multi-year agreement with Beiying Sports Technology Co., Ltd., a leading sports manufacturer and distributor, to bring the Avia brand to Greater China.

Lululemon Names Patrick Guido Chief Financial Officer

Most recently, Guido served as treasurer and vice president of corporate development at VF Corp., managing capital allocation strategies, mitigating global financial risk, and executing on multiple strategic initiatives for the company.

Big Day For Americans At Boston Marathon

Desiree Linden, who trains for the Hansons-Brooks Original Distance Project, became the first American woman to win Boston since 1985. She joined a number of American women and men finishing among the top ten in the race.

Nike’s Head Of Diversity Exits

Antoine Andrews, Nike’s VP, diversity and inclusion, has left the company, according to Bloomberg. His exit comes after allegations of inappropriate workplace behavior led to changes in March in Nike’s executive ranks.

March Retail Sales Increased 5 Percent Over Last Year

March retail sales increased 0.3 percent seasonally adjusted over February and 5 percent year-over-year as the economy continued to grow, the National Retail Federation said. Sporting goods stores were down 0.9 percent year-over-year and down 1.8 percent from February seasonally adjusted.

Amer Sports Restates 2017 On Accounting Change

Amer Sports has adopted the new IFRS 15 standard ‘Revenue from Contracts with Customers’ as of January 1, 2018. As a result of the adoption, Amer Sports has restated the 2017 figures by using the full retrospective method.