SGB Update Sports & Fitness
Rip-It Reaches One Million Milestone
Rip-It Sports, a manufacturer of youth softball products, announced it has reached sales of one million units of its fielder’s masks.
2XU Partners With Life Time
The partnership names 2XU as the official compression apparel brand of Life Time, delivering performance apparel to their members, staff and trainers in-club and online.
AAFA Applauds Launch Of GSP Footwear Bill
The American Apparel & Footwear Association welcomed Senate introduction of a bill to designate certain footwear as eligible for the Generalized System of Preferences (GSP) program.
Dorel Sports Revenues Tumble In Q3
Dorel Industries Inc. reported third-quarter sales in its Dorel Sports segment decreased $45.2 million, or 18 percent, to $205.5 million from $250.7 million last year.
Escalade’s Q3 Revenues Improve 8 Percent
Escalade Inc. reported sales for the third quarter of 2017 were $41.9 million compared to net sales of $38.8 million for the same quarter in 2016, an increase of $3.1 million or 8 percent.
Two Under Armour Execs Leaving Company
Under Armour confirmed that Andy Donkin, its chief marketing officer, and Pamela Catlett, senior vice president and general manager of women’s and youth categories, will exit the company at the end of the month.
Fitbit Shows $113 Million Loss In Third Quarter
Sales declined 22.1 percent in the third quarter but improved sequentially in every region except the EMEA.
GoPro’s Q3 Sales Jump 37 Percent
GoPro’s results in the latest quarter exceeded Wall Street’s targets although its fourth-quarter guidance was below Wall Street estimates.
HanesBrands Shows Meager Activewear Gain In Q3
HanesBrands reported Activewear sales increased 1 percent in the third quarter due to a “muted back-to-school season at retail.” Online sales of Activewear increased by more than 30 percent and Champion sales in the midtier, sporting goods and college bookstore channels achieved double-digit growth.
Under Armour Exiting Fitness Trackers
Under Armour will stop making fitness trackers and focus on software, according to a report in the Wall Street Journal.
Report: Kering Hires Rothschild To Spin Off Puma
Kering has appointed Rothschild & Co to handle the potential spinoff of Puma, according to a report in French business magazine Challenges.
Garmin Raises Outlook After Q2 Tops Estimates
Garmin Ltd. raised its full-year guidance after reporting that double-digit revenue and operating profit growth in outdoor, aviation and marine led to an above-plan second quarter. Fitness segment sales declined 12 percent.
Wolverine Project Bootstrap Sheds Light On Skills Gap
Project Bootstrap is Wolverine’s way of saying thank you to the women and men who keep the country running through their expert skills and strong work ethic.
Adidas Signs Southern Miss
Adidas signed the University of Southern Mississippi (Southern Miss). The new eight-year apparel deal through the 2024-25 season replaces the university’s contract with Russell Athletic.
Big 5’s Earnings Drop On Firearms And Broader Retail Weakness
Big 5 Sporting Goods reported third-quarter earnings declined 26.8 percent but arrived at the high end of guidance. The retailer continues to be impacted by reduced demand for firearms and had already warned it would face challenges cycling some of the benefit from competitor store closures that occurred last year.
