SGB Update Sports & Fitness
Retail Imports End 2017 With 7 Percent Growth as Industry Sales Continue to Increase
Imports at the nation’s major retail container ports grew 7 percent during 2017 over 2016 as retail sales continued to increase and the industry wrapped up the year with a strong holiday season, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
Houlihan Lokey Hires Nathan Pund
Houlihan Lokey, the investment bank, announced that Nathan Pund has joined the firm as a managing director in the Consumer, Food, & Retail (CFR) Group. He is based in Dallas, TX, and will continue his focus on the active lifestyle, outdoor, and tactical sectors.
GoPro To Axe 20 Percent Of Workforce, Exit Drone Market
Shares of GoPro Inc. fell 96 cents, or 12.8 percent, to $6.56 on Monday after the company announced plans to cut 254 jobs as well as exit the drone category in part due to a “hostile regulatory environment.” The company also significantly reduced its Q4 guidance.
Golf Datatech Releases Study On Amazon’s Impact On Golf Equipment and Apparel
Golf Datatech LLC released a first-of-its-kind Amazon Impact Report; a study that highlights the effect the United States’ largest online retailer is having on the golf equipment and apparel market.
Fitbit Community Grows To More Than 25 Million Active Users In 2017
Fitbit said the continued growth of Fitbit’s user community demonstrates both the health of the wearables category and retention of Fitbit users.
Strava Names Chief Product Officer
Strava, the social network for athletes, named Stephanie Hannon as chief product officer. Hannon, an ex-Googler who served as chief technology officer on the Hillary for America campaign, joins Strava to lead the next chapter of the company’s product and platform expansion.
Hoka One One Elite Team Adds Seven Athletes
Hoka One One, a division of Deckers Brands, continues to strengthen its elite athlete team with the addition of Olympian Cam Levins and ultrarunners Ellie Greenwood, Andrea Huser and Kris Brown. In addition, the Hoka One One New Jersey*New York Track Club has added Megan Mansy, Danielle Aragon, and Rob Napolitano to the track-focused team.
Adidas Resigns John Wall
Adidas has resigned John Wall to a five-year endorsement contract.
Genesco Sees Q4 EPS At Low End Of Guidance
Genesco Inc. reported same store sales decreased 2 percent and earnings are now expected to come in at the lower end of its recent guidance.
Delta Apparel Sees Double-Digit Gains In Q1
Delta Apparel said it expects pre-tax profitability in the fiscal 2018 first quarter, which is typically its most challenging quarter, compared to a net loss of 8 cents per diluted share in the prior year period.
Lululemon Lifts Guidance On Sales Uptick
Lululemon now expects same-store sales to climb in the high-single digits in the quarter versus mid-single digits previously. Earnings are expected in the range of $1.24 to $1.26, up from $1.18 to $1.21 under its former guidance.
Sloane Stephens Shifts From Under Armour To Nike
Sloane Stephens, formerly Under Armour’s top female tennis endorser, has signed a deal with Nike.
Nike Golf Signs Patrick Reed
Nike Golf added a number of golf ambassadors, including Patrick Reed, the five-time PGA Tour winner.
TYR Sport Partners With Competitor Swim
As a recognized manufacturer of pool products for races around the globe, Competitor Swim has partnered with industry leader and series title sponsor, TYR Sport, to provide each of the six stops within the 2018 TYR Pro Swim Series with world class lane lines.
Callaway Golf Signs Xander Schauffele
Callaway Golf Company announced that Xander Schauffele, a rising star on the PGA Tour, has joined its professional staff.
