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.

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.

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.

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.