SGB Update Sports & Fitness
Li Ning 2017 Sales Climb 11 Percent
Li Ning reported earnings from continuing operations nearly doubled in 2017 on an 11 percent revenue gain.
Dorel Industries Takes Charges On Toys “R” Us Liquidation
Dorel Industries Inc. said it recorded a charge of $3.8 million tied to the liquidation of Toys“R”Us U.S. Of the charge, $0.7 million is within Dorel Juvenile and $3.1 million is within Dorel Sports.
Nike Seeing “Significant” North America Reversal
Nike Inc.’s earnings in its third quarter ended February 28 came in well-ahead of Wall Street guidance while sales were slightly ahead. North American sales were down 4 percent in the period but Mark Parker, president and CEO, said the company is seeing “a significant reversal of trend in North America, as momentum accelerates through the scaling of new innovation platforms and differentiated Nike Consumer Experiences expand across the marketplace.”
Dick’s CEO Pens Op-Ed Urging Congress To Act On Guns
In an op-ed in the Washington Post, Ed Stack, CEO of Dick’s Sporting Goods, urged Congress to pass stricter gun laws. He wrote in part, “The majority of Americans are demanding that members of Congress take a stand and be brave enough to do their jobs.”
NSGA Sports Participation Study Shows Mixed Performance
Early figures from the 2018 edition of the NSGA’s Sports Participation showed continued participation gains in Open Water Sports and Outdoor Activities while declines were suffered in Team Sports, Fitness Activities, Shooting Sports and Indoor Games.
USA Basketball, NBA Set New Rules, Standards For Youth Basketball
USA Basketball and the National Basketball Association (NBA) announced a set of guidelines for youth basketball designed to enhance helping beginning players learn the fundamentals of the game. They include smaller basketballs, lower rims, no zone defense and no three-point scoring for players 11 years old and younger.
Stadium Goods To Open Concept Shop Inside Nordstrom
Stadium Goods, the New York City-based sneaker consignment giant, will open a in-store shop inside Nordstrom’s new Manhattan men’s store.
Kitsbow Announces Inaugural Trail Advocate Program And Recipients
Kitsbow, maker of premium cycling clothing and accessories, announced its inaugural Trail Advocate Program and its first Trail Advocate of the Year recipients.
Life Fitness Launches Cloud Platform For Fitness Clubs
Life Fitness launched Halo Fitness Cloud, a software offering that enhances the exerciser experience while simplifying facility management.
USFIA Criticizes Proposed Tariffs
USFIA (United States Fashion Industry Association) issued a statement expressing its concerns about the detrimental impact broadly applied tariffs could have on the apparel, footwear, accessories, and home textiles sectors.
BGL Announces Sale Of KanJam To Wild Sports
Brown Gibbons Lang & Company (BGL) announced the sale of KanJam, LLC to Wild Sales, LLC (d/b/a Wild Sports). KanJam is a flying disc game, played with a flying disc and two cans in which you deflect the disc.
Fanatics Partners With Los Angeles Football Club
The Los Angeles Football Club (LAFC) announced a long-term partnership with Fanatics to become the Club’s official in-venue retail provider at Banc of California Stadium.
True Fitness Technology Hires New Chief Marketing Officer
True Fitness, the manufacturer of fitness products for commercial and retail markets, announced the appointment of Sally Matheson as chief marketing officer.
Beyond Coastal Announces New Athlete Team
The new Beyond Coastal team includes: Olympic snowboard gold medalist Kaitlyn Farrington, big mountain skier and TGR staple Griffin Post, five-time national champion ski mountaineer and alpinist Janelle Smiley, big mountain skier McKenna Peterson, renowned adventure photographer Adam Clark, and seven-time World Champion mountain biker Rebecca Rusch, big wall climber Kate Rutherford.
Latest Data Shows U.S. Health Club Industry Serves 70.2 Million
Health clubs attracted more than 70 million consumers in 2017, a record-high since IHRSA began tracking health club consumer statistics in 1987. The number of individual members totaled 60.9 million, up 6.3 percent from 57.3 million in 2016. Of the 298.3 million Americans age 6 and older, 20.3 percent were health club members in 2016.
