SGB Update Sports & Fitness
NRF: Holiday Sales To Rise 3.4 Percent
Consumers will spend an average $967.13 during the holiday season this year, according to the annual survey conducted by Prosper Insights & Analytics for the National Retail Federation. That’s up 3.4 percent from the $935.58 consumers said they would spend when surveyed at the same time last year.
Gilbert Rugby To Sponsor World Rugby
World Rugby appointed Gilbert as official ball supplier for its premier 15s tournaments, including the men’s and women’s Rugby World Cups.
Vetta Brands Appoints Glenn Silbert As CEO
Vetta LLC, a specialist in licensed and wholesale blank apparel and headwear, has named Glenn Silbert as chief executive officer.
TYR Sport Adds Olympian Ross Murdoch To Athlete Roster
TYR Sport welcomed Olympian and two-time World Championship medalist Ross Murdoch to its roster of sponsored athletes.
Rawlings Unveils 2017 Gold Glove Award Finalists
The winners will be unveiled during a live, one-hour show on ESPN Tuesday, November 7, 2017.
High Intensity Interval Training Leads Fitness Trends Survey
High Intensity Interval Training (HIIT) is forecast as next year’s most popular trend in fitness, according to a survey from American College of Sports Medicine (ACSM). Also in the top five were group training, wearable technology, body weight training and strength training.
Skechers Athletes Dominate Podium At Ironman World Championship
Lionel Sanders and Lucy Charles each finished second in their respective men’s and women’s competitions, and David McNamee took third place for the men.
Columbia Sportswear’s Q3 Tops Estimates
Columbia Sportswear’s third-quarter earnings improved 5 percent on flat revenues. Sales were boosted by its European wholesale and U.S. direct-to-consumer businesses. Improved operating profitability outside the U.S. supported earnings gains.
Deckers Brands Lifts Guidance On Strong Q2
Deckers Brands reported earnings and sales that came in well ahead of guidance in its second quarter ended September 30. Ugg’s sales were down 2.9 percent while Hoka One One jumped 34.4 percent and Teva grew 24.9 percent.
OEKO-TEX Conducts Consumer Textile Sustainability Study
The study of more than 11,000 clothing and home textile consumers around the world examined topics ranging from concerns about climate change to harmful substances in textiles.
Deckers Concludes Review Of Potential Sale, Launches Stock Buyback Program
As part of that process, Deckers and its advisors contacted 90 potential acquirers, including strategic and financial parties, both domestic and international, but this effort did not result in a transaction.
Callaway Golf Sees 30 Percent Hike In Q3 Revenues
Callaway Golf Company increased its full year 2017 net sales and earnings guidance after reporting third-quarter profits increased significantly on 30 percent revenue growth.
Brunswick Corp’s Sales Q3 Climb 4.4 Percent
Brunswick Corporation’s consolidated net sales increased 4.4 percent in the third quarter. Net sales for the Marine Engine segment increased by 7 percent, the Fitness segment grew 2 percent and the Boat segment inched up 0.7 percent.
Amer Sports Returns To Growth In Q3
Amer Sports returned to growth on a currency-neutral basis in the third quarter as a 7 percent gain in the Asia Pacific region and a 4 percent climb in the EMEA region offset a 1 percent slide in the Americas. The gains were driven again by apparel, own retail, e-commerce and China.
Nike Accelerating Consumer-Led Transformation
Nike Inc. hosted its 2017 Investor Day today, which provided an overview on how the company is accelerating its next phase of long-term, sustainable and profitable growth. Fueled by the Consumer Direct Offense, the company stated during the investor meeting that it expects to drive high-single-digit revenue growth, expanding margins and mid-teens earnings per share growth on average over the next five years.
