SGB Update Sports & Fitness

Finish Line’s Q1 Benefits From Expense Reductions
The Finish Line Inc. reported earnings slid 15.4 percent in its first quarter ended May 27, to $8.14 million, or 20 cents a share. Results were in line with expectations as strong expense controls made up for below-plan comps.

Brooks Adds Henry Wynne to the Brooks Beasts Track Club
Brooks Running signed Virginia frontrunner Henry Wynne to the Brooks Beasts Track Club.

Vert Adds First Women’s Basketball Program
Vert, a wearable athletic technology specialist, signed its first NCAA women’s basketball client with the Mississippi State University Bulldogs.

Kids Foot Locker Goes ‘1-ON-1’ with Top NBA Draft Prospects
Kids Foot Locker and top NBA Draft prospects including Lonzo Ball, Jayson Tatum, Jonathan Isaac, De’Aaron Fox and Malik Monk “kickoff their professional basketball journey in the hot seat by young fans.”

Bauer Hockey Signs Nolan Patrick
Nolan Patrick, a projected No. 1 pick in the 2017 NHL Draft, has joined Bauer Hockey as an official partner.

Amazon Joins SFIA’s Board
The Sports & Fitness Industry Association (SFIA) shared that Amazon has joined the SFIA Board of Directors, to be represented by Fouzan Mansuri, director and category leader for Sports & Fitness at Amazon.

Under Armour Signs Josh Jackson
Under Armour signed Kansas guard Josh Jackson, expected to be a top-five pick in the NBA Draft, to an endorsement deal.

Nike Signs Seven NBA Draft Hopefuls
The players include Markelle Fultz, De’Aaron Fox, Malik Monk, Bam Adebayo, Jayson Tatum, Harry Giles and Jonathan Isaac

U.S. Lacrosse Launches Nationwide Lacrosse Communities Project
U.S. Lacrosse, the sport’s national governing body, announced the launch of the Lacrosse Communities Project – a program developed to create a vertically-integrated series of opportunities for children to participate in lacrosse from grade school through adulthood.

Anytime Fitness Granted License In China
The U.S.-based fitness franchise is joining China’s growing franchise community traditionally dominated by restaurants and retail outlets.

Report: Nike In Discussions To Sell Directly On Amazon
Nike is close to reaching a deal to sell directly on Amazon.com, according to a report from Goldman Sachs. Nike products are already sold on the site through third-party and unlicensed dealers.

Speedo USA Sets Swim Roster For 2017
Anchored by returning veterans Nathan Adrian, Missy Franklin, Conor Dwyer, Cullen Jones and Elizabeth Beisel, Team Speedo USA welcomed Ryan Murphy, its most recent addition to the team, as well as newcomers Kevin Cordes, Katie Meili, Hali Flickinger and Becca Meyers.

SFIA To Launch Product Showcase At 2017 Industry Leaders Summit
The Sports & Fitness Industry Association (SFIA) announced the launch of the inaugural Innovative Product Showcase at the 2017 Industry Leaders Summit.

IDC: Worldwide Wearables Market To Nearly Double By 2021
According to data from the International Data Corporation (IDC) Worldwide Quarterly Wearable Device Tracker, vendors will ship a total of 125.5 million wearable devices this year, marking a 20.4 percent increase from the 104.3 million units shipped in 2016.