SGB Update Sports & Fitness
Brooks To Enter China And Brazil
Brooks Running Company is expanding its global footprint in July 2017 with entry into China and Brazil, two of the largest running markets in the world.
Xenith Partners With Rivals Professional Football League
Xenith will provide helmets for all RPFL players.
Garmin’s Q1 Profits Exceed Wall Street Targets
Garmin’s sales were led by double digit growth in its marine, outdoor and aviation segments. Fitness segment posted a revenue decline of 3 percent driven by lower volume in basic activity trackers partially offset by growth in its advanced wearables with GPS.
Dick’s Stores VP Joins Five Below
George Hill, most recently SVP retail operations at Dicks Sporting Goods, has joined Five Below Inc. as EVP of retail operations.
Gym Source Hires New VP Of Sales And Marketing
Ed Pryts was formerly vice president for all of North America sales at Cybex.
Raleigh Owner Accell Breaks Off Takeover Talks With Bidder Pon Holdings
Accell Group announced it will currently not continue the exploratory discussions with Pon Holdings offer to acquire the company.
Big 5’s Q1 Profits Easily Top Guidance
Same store sales increased 7.9 percent for the first quarter of fiscal 2017, reflecting continued market share gains resulting from the closure of certain major competitors last year along with more favorable weather conditions than the prior year period.
HanesBrands Sees Q1 Earnings Improve, Launches Project Booster Initiative
HanesBrands reported earnings per share in the first quarter rose 12 percent in the first quarter excluding acquisition-related and integration charges while announcing that it launched a multiyear initiative to increase investment for growth, reduce costs, and drive cash flow.
Dick’s To Open Three New Stores In May
With the grand opening of these new stores in San Diego, CA, Lake City, FL and Bellingham, WA, Dick’s will have 694 locations in the country.
Aetrex Adds Distributors, Builds Global Infrastructure
Aetrex Worldwide Inc. is further expanding its global reach with the addition of Gerimais to its extensive network of distribution partners. Gerimais marks the company’s 16th international distributor.
Sports Authority’s Former HQ To Become Country’s Largest Climbing Gym
Earth Treks Founder and CEO Chris Warner is turning the former headquarters of Sports Authority into a 52,000-square-foot climbing and fitness facility, as reported by The Denver Post.
Zamst Renews Partnership With Pro Hockey Player Ryan Getzlaf
Getzlaf joins other athletes on the “Z-team” including PGA Tour Member Scott Langley and two-time Olympic runner Amy Cragg.
Ultimate Direction Reveals 2017 FKT Grant Project Winners
Each winner will receive $1,000 in support of their challenge, as well as all the gear they need from Ultimate Direction and grant partners La Sportiva and GU Energy Labs.
Iconix Sues Jay Z And New Era For Using Roc Nation Logo
The Iconix Brand Group filed a lawsuit against Jay Z, New Era, Lids and MLB for using the Roc Nation logo without their permission.
Trump Declares May National Physical Fitness And Sports Month
Continuing an annual tradition, the Trump Administration declared May National Physical Fitness and Sports Month. In a proclamation, President Donald Trump committed to “celebrating active lifestyles, promoting physical fitness, and tackling public health issues together by making healthier choices.”
