SGB Update Sports & Fitness
NRF Calls Steel And Aluminum Tariffs ‘Tax On American Families’
In a statement, NRF President and CEO Matthew Shay, called President Trump’s call for new tariffs on steel and aluminum “a tax on American families. When costs of raw materials like steel and aluminum are artificially driven up, all Americans ultimately foot the bill in the form of higher prices for everything from canned goods to electronics and automobiles.”
Schutt Sports Extends Partnership With Major League Baseball
Kranos Corporation, dba Schutt Sports, announced a multi-year extension to their agreement as the Official Base Supplier to Major League Baseball. The company manufactures the Jack Corbett Hollywood bases, a version of which has been on the field for every MLB game, including World Series and All-Star Games, since 1939.
Moody’s Places Brunswick’s Debt Ratings Under Review For Downgrade
Moody’s Investors Service placed Brunswick Corporation’s debt ratings on review for downgrade. This follows the company’s announcement today that Brunswick will spin-off its Fitness business.
REI And MEC Suspend Shipments From Vista Outdoor
Both REI and Canada’s MEC (Mountain Equipment Co-op) late Thursday said they have suspended orders from Vista Outdoor due to the company’s manufacture of semi-automatic rifles. Vista Outdoor’s brands in the outdoor and cycling space include Bell, Blackburn, Bollé, Bushnell, CamelBak, Camp Chef, Giro and Jimmy Styks. CamelBak issued a statement on the changes.
Fanatics And New York Yankees’ Giancarlo Stanton Announce Exclusive Memorabilia and Collectibles Partnership
Fanatics announced an exclusive partnership with Giancarlo Stanton, whom will join its roster of exclusive athletes housed under the company’s memorabilia division, Fanatics Authentic.
Asics To Become Global Development Partner Of The International Triathlon Union
Asics announced that it has concluded a multi-year global agreement to become a Global Development Partner of The International Triathlon Union (ITU).
EU Court Rules Adidas May Defend Its Three-Stripes Design
A European court has ruled for Adidas an infringement case against a Belgian footwear company. Adidas had been seeking to block two trademarks for parallel stripes on shoes filed by a Belgian firm, Shoe Branding Europe, saying it infringed on Adidas’ iconic three-stripe design.
Saucony Celebrates 120th Anniversary
Saucony will mark its 120th anniversary with a series of events and celebrations in 2018, beginning with the launch of the Shadow 5000 EVR, an advanced interpretation of the brand’s iconic Shadow 5000, one of the most sought-after silhouettes of the 1980s.
Trump Administration Puts Focus On Team Sports
In a move to place a greater focus on team sports, the Trump administration has revised the title of the “President’s Council on Fitness, Sports, and Nutrition,” to the “President’s Council on Sports, Fitness, and Nutrition” and announced plans to increase emphasis on youth sports participation.
Hylete Announces Reg A+ Offering
Hylete Inc., a direct-to-community brand targeted at the lifestyle of functional fitness, has announced its offering of up to $6.25 million qualified by the SEC under Tier II of Regulation A+.
T-Rex Brand Becomes Official 2018 Tape Partner Of Tough Mudder
In 2018, T-Rex Tape will sponsor events in 10 markets and be on-site in the Mudder Village.
ClassPass Upgrades Membership Benefits For More Flexibility
ClassPass announced a newly-updated membership with the official transition from a fixed class model to a dynamically priced credits based model.
Blink Fitness Announces Expansion Agreement With Draymond Green
Blink Fitness and Golden State Warriors forward Draymond Green announced a franchise development deal to bring at least 20 gyms to Michigan and Illinois.
Golf Rounds Slide In January
According to Golf Datatech, golf rounds played were down 5.4 percent in January with the Eastern part of the country particularly impacted by weather.
Brunswick Announces Plans To Spin-Off Fitness Business
Brunswick Corporation announced that its board of directors has authorized proceeding with a spin-off of its Fitness business. The segment includes strength and cardiovascular equipment and game tables and accessories under the Life Fitness, Hammer Strength, Cybex, Indoor Cycling Group, SCIFIT and Brunswick Billiards brand names.
