SGB Update Sports & Fitness
CPSC Sues Britax Over Hazardous Jogging Strollers
The U.S. Consumer Product Safety Commission (CPSC) filed an administrative complaint against Britax Child Safety, Inc., alleging that certain models of their B.O.B. jogging strollers contain defects in their design which present a substantial product hazard.
NBS Honors Dunham’s Ken Meehan
Nation’s Best Sports (NBS) awarded Ken Meehan, president of Dunham’s Sports, with the NBS Lifetime Achievement Award.
Ultimate Direction Adds Mountain Running Icon Anna Frost As Ambassador
Ultimate Direction, the maker of brand in hydration and wearable gear, has signed Hardrock 100 winner and global adventurer Anna Frost.
Outdoor & Recreation Drives Newell Brands’ Play Segment Growth In Q4
Newell Brands reported sales in its Play segment climbed 6.6 percent in the fourth quarter. Core sales grew 5.4 percent, reflecting strong growth on Coleman, Contigo, Marmot and Team Sports partially offset by declines on Fishing.
Newell Brands’ Play Segment Delivers Mid-Single Digit Gain In Q4
Newell Brands reported that its Play segment generated net sales of $563 million, a 6.6 percent increase compared with $529 million in the prior year. Core sales grew 5.4 percent, reflecting strong growth on Coleman, Contigo, Marmot and Team Sports partially offset by declines on Fishing.
VF Reports Better-Than-Expected Fourth Quarter
VF Corp. reported better-than-expected results in the fourth quarter as revenue increased 12 percent, or 10 percent currency neutral, driven by broad-based strength across VF’s international and direct-to-consumer platforms, Outdoor & Action Sports coalition and Workwear businesses. On a currency-neutral basis, Vans’ global sales soared 35 percent, The North Face added 6 percent and Timberland increased 8 percent
New Balance Partners With Wellness Workdays
Wellness Workdays, a leading provider of corporate wellness programs, has been selected by New Balance to implement the next phase of the company’s corporate wellness initiative.
Lululemon Founder Sells Shares
Lululemon Athletica Inc. founder Chip Wilson sold 2.75 million shares, according to a regulatory filing.
Onx Closes $20.3 Million Growth Equity Investment
OnXmaps, Inc., provider of the onX HUNT mobile app and industry leader in mobile mapping technology for outdoor adventurers, announced it has raised $20.3 million in a funding round led by global growth equity investor Summit Partners.
Nation’s Best Sports Partners With Epicor
Epicor Software Corporation, a global provider of industry-specific enterprise software, and Nation’s Best Sports (NBS), a nationwide sporting goods buying group, announced an expanded partnership which will help sporting goods dealers further improve operational efficiencies and evolve their businesses into an omni-channel model.
Fanatics Seeing Surge In Team USA Sales
Fanatics said Thursday it has seen an 80 percent increase in Team USA merchandise sales in the five days since the Opening Ceremony versus five days after the Sochi Opening Ceremony.
Amer Sports Adds Leadership In Team Sports And Outdoor Sales
Amer Sports Corp. promoted Dave Marrinan to national sales director, Team Sports, and Jon Hanson to national sales director, Outdoor.
Dick’s Hikes Quarterly Dividend By 32 Percent
“The significant increase in our dividend demonstrates the strength of our balance sheet and the confidence we have in our company’s future,” said Edward W. Stack, Chairman and CEO. “We remain firmly committed to investing in the profitable growth of our business and returning capital to our shareholders.”
FGL Sports’ Q4 Sales Climb 5.5 Percent
Canadian Tire reported that sales at FGL Sports were up 5.5 percent overall and 5.8 percent on a same-store basis in the fourth quarter ended December 30.
POC Names Ben Coates Managing Director For North America
POC, a leading manufacturer of ski and cycling helmets, eyewear, apparel and protection, has appointed cycling industry veteran Ben Coates as managing director for North America. Coates joins POC following fifteen years at Trek Bicycle.
