SGB Update Sports & Fitness

Sears Warns Of ‘Going Concern’ Doubts

Sears Holding, the parent of Sears and Kmart, warned Tuesday that it faces “substantial doubt” about its ability to stay in business unless it can borrow more and tap cash from more of its assets.

Sequential Brands Appoints CEO

Karen Murray, who previously oversaw Nautica and Kipling for VF Corp., replaces Yehuda Shmidman, who is stepping down.

Acushnet Sees 3 Percent Q4 Sales Gain

The parent of Titleist and FootJoy reported fourth quarter net sales of $329.8 million, up 3 percent year over year, or 1.3 percent in currency-neutral basis.

Nike’s Q3 Results Race Past Wall Street Targets

Nike Inc. reported earnings rose 20.1 percent in its third quarter ended February 28, easily exceeding Wall Street’s targets. Earnings were particularly helped by lower spending. Double-digit growth on a currency-neutral basis in Western Europe, Greater China and the Emerging Markets helped make up for a more-modest 3 percent growth in North America.

Under Armour Assists Local P.E. Programs

UA is providing financial assistance in the form of PHIT America GO! Grants to two schools in Baltimore and two schools in Washington, D.C. to jump-start their P.E. programs.

Nike Content Manager Joins Flywheel

Flywheel Sports Inc., the indoor cycling studio, appointed Geralyn Coopersmith, most recently Nike’s global director of performance and fitness training, as chief content officer.

MC Sports Retains Firm To Sell Leases

A&G Realty Partners will handle the sale of 58 MC Sports leases in seven states across the Midwest following the retailer’s Chapter 11 bankruptcy filing.

Adidas To Sign Ohio University

Adidas has reportedly reached an agreement to replace Russell Athletic as the uniform supplier for Ohio University.

3N2 Sponsors National Youth Baseball Championships

3N2, an Orlando-based designer and manufacturer of high performance athletic footwear and apparel, has reached sponsorship agreement with the National Youth Baseball Championships (NYBC) and Florida Collegiate Summer League.

The North Face Appoints General Manager, Americas

During his six-plus years at The North Face EMEA, Arens built a successful track record leading The North Face EMEA business where he oversaw sales, marketing, merchandising, product development and direct-to-consumer.