SGB Update Sports & Fitness
MLB Champion Ryan Howard Joins SeventySix Capital As A Partner
Ryan Howard announced his role as a partner at venture capital firm SeventySix Capital, which invests in innovative seed and early stage consumer-facing tech, retail, sports and wellness companies.
Newell Brands Lifts Q1 Guidance On Improved Q1
Newell Brands reported pro-forma core sales in its Play segment grew 0.5 percent as solid growth on Beverages, Coolers and Team Sports was largely offset by substantial inventory destocking on Fishing and selected Coleman product categories.
Academy Sports Launches “For All. For Less” Campaign
The three 30-second broadcast spots are rooted in the idea that the joy of sports and the outdoors should be accessible to everyone.
Sports Direct’s Only Female Director Resigns
Sports Direct, the U.K. sporting goods chain, said Claire Jenkins has resigned “with immediate effect” from her position as a non-executive director of the company.
Johnson Outdoors Delivers Double-Digit Q2 Earnings Gains
Johnson Outdoors Inc. reported double-digit increases in sales and earnings for the 2017 second fiscal quarter and first fiscal six months ending March 31, 2017.
Callaway Golf Hikes Guidance On Strong Q1
Said Chip Brewer, president and CEO of Callaway Golf Company.,”Business around the globe remains very strong with all major regions reporting sales growth and market share gains. And our new business ventures, namely the apparel joint venture in Japan and the recently acquired OGIO business, are performing ahead of plan.”
Lonzo Ball Launches Signature Shoe Independently
Lonzo Ball, expected to be a top-three pick in the upcoming NBA draft, has independently come out with his own shoe, the ZO2 by Lonzo Ball. His signature model costs $495 a pair.
Gildan Sees Record First Quarter
“Despite an environment where we continue to see mixed market conditions, including the impact of store closings, we believe our performance during the first quarter positions us well to deliver on our previous guidance for the full year,” EVP and CFO Rhodri J. Harries said during a conference call.
Asics And Runkeeper Launch Pace Academy Challenge
The native in-app experience features a series of interval workouts designed to help runners of all levels improve their speed.
TYR Partners With DelMoSports
TYR will become the Official Swim Partner for the 2017 events including the Escape the Cape Triathlon, Atlantic City Triathlon, Tri the Wildwoods Triathlon, 5k and Kids’ Race, Ironman 70.3 Atlantic City, and Escape to Lewes Open Water Swim.
Sequential Brands Sees Q1 Sales Climb 16 Percent
Sequential Brands Group Inc. reported total revenue for the first quarter ended March 31, 2017 increased 16 percent to $39.4 million, compared to $34.0 million in the prior year quarter.
Adidas Q1 Boosted By North America, China, E-Commerce
Adidas AG reported earnings jumped 30 percent in the first quarter. Results were paced by an 18 percent increase at brand Adidas on a currency-neutral basis as well as a 13 percent increase at the Reebok brand. Combined sales of the Adidas and Reebok brands grew in all market segments except Russia/CIS. Growth was particularly strong in North America (+31 percent), Greater China (+30 percent), Japan (+21 percent) and MEAA (+15 percent).
Gildan Reports 12.2 Percent Growth For Q1
The company saw a strong net sales growth of 12.2 percent in the quarter due to organic growth and the acquisition of companies including Alstyle, American Apparel, and Peds. Gildan expects sales to continue to increase throughout the remaining of 2017 due to organic growth and acquisitions.
Fitbit’s Q1 Slightly Beats Wall Street’s Targets
“Underlying consumer demand has been better than our reported results in North America as we work down channel inventory levels, giving us increased confidence that we will enter the second half of 2017 with a relatively clean channel,” said co-founder and CEO James Park.
Strava Names James Quarles As CEO
Quarles was most recently the vice president of Instagram Business and previously regional director of Facebook in Europe, the Middle East and Africa.
