SGB Update Sports & Fitness
Garmin Announces Verdict In Another Navico Patent Lawsuit
The jury found that Garmin had willfully infringed two Navico “downscan” patents and awarded damages in the amount of $38 million. Garmin plans to appeal.
Charles River Ugrades Website
The new site has a clean, uncluttered design, improved functionality and richer online content to better serve the company’s customers.
Foot Locker Announces ‘Five Borough Challenge’ Team
Foot Locker Inc. announced the roster of its annual “Foot Locker Five Borough Challenge” team. Comprised of five runners – one from each borough of New York City – who have each overcome significant challenges,
Fitbit Partners On Diabetes Product
Fitbit has partnered with DexCom Inc., a leader in continuous glucose monitoring (CGM) for people with diabetes, to develop and market products to help people better manage their diabetes and get a more complete picture of their overall health with easy-to-use mobile tools.
Implus Expands Operations Into Canada
Implus, a provider of footcare, athletic, fitness, and outdoor accessories, announced the opening of Implus Canada, the company’s first sales and distribution center in North America outside of their U.S.-based corporate headquarters in Durham, NC
GoPro Boosts Third-Quarter Guidance
GoPro Inc announced revenue and gross margin for the third quarter of 2017 are both expected to be at the high end of its previously announced respective ranges of between $290-$310 million and 36-38 percent.
Gap To Ramp Up Athleta Expansion
Gap Inc. said expects Athleta’s sales to exceed $1 billion in net sales in the next few years as it shifts its growth focus away from its flagship Gap chain and Banana Republic toward Athleta and Old Navy.
NRF Lowers 2017 Forecast Following Government Data Revision
The National Retail Federation adjusted its forecast for retail sales for 2017, saying sales are now expected to increase between 3.2 percent and 3.8 percent rather than the 3.7 to 4.2 percent forecast earlier this year.
Skechers Signs 17-Time National Champion Edward Cheserek
Skechers Performance, a division of Skechers USA, Inc., announced that 17-time NCAA National Champion, Edward Cheserek, will join the roster of Skechers Performance elite athletes.
Nike Sets More Layoffs
After laying off 255 employees in Oregon in July, Nike Inc. told the state it is scheduled to lay off an additional 490 by the end of September.
Dick’s SG Announces Grand Opening Of 10 New Stores In Six States
Dick’s Sporting Goods will be opening eight new Dick’s Sporting Goods stores and two new Field & Stream stores in the first half of September.
Sports Direct’s Next Generation Stores Exceeding Expectations
Sports Direct confirmed ahead of its annual general meeting that sales in its new generation flagship stores continue to exceed internal expectations as Sports Direct moves towards becoming the “Selfridges” of sport.
Newell Brands Cuts Outlook On Harvey Impact
Newell Brands announced that it is updating its 2017 normalized earnings per share guidance for the anticipated effects of Hurricane Harvey on its U.S. manufactured resin businesses, including increasing inflationary pressure through the third quarter.
Hookit Raises $16 Million To Fuel Growth
Hookit, the sponsorship analytics and valuation platform, announced it has raised $16 million in growth capital.
Study: Let Me Run Fosters Healthy Masculinity
A recent independent study conducted by University of North Carolina at Greensboro’s Institute found Let Me Run is making a substantial positive impact in boys’ lives.
