SGB Update Sports & Fitness
NSGA Applauds Congress For Reintroducing PHIT Act
NSGA President & CEO Matt Carlson said. “Passing PHIT will help remove an important barrier to being active, that of cost. Active Americans are healthier, and healthier people will help reduce the crushing burden on our healthcare system.”
Luxottica Shows Modest Earnings Gain In 2016
The parent of Oakley and RayBan’s earnings in 2016 rose 5.8 percent on a 2.8 percent revenue gain.
Fox Factory Sees Double-Digit Q4 Revenue Gain
Fourth-quarter earnings rose 25.0 percent on an adjusted basis on a 16.6 percent gain in sales.
Finish Line Completes Sale of JackRabbit
The Finish Line has closed its sale of JackRabbit, its unprofitable specialty run business, to CriticalPoint Capital, LLC, the Los Angeles based private investment firm. The purchase price was zero, according to a regulatory filing.
Kohl’s To Launch Massive Under Armour Advertising Push
Kohl’s will begin airing this week three 30-second TV broadcast spots to support its launch of the Under Armour brand in its stores, according to Advertising Age.
Planet Fitness Grows Revenue 10 Percent In Fourth Quarter
The low-price fitness club franchise reported its total revenue increased from the prior-year period by 10 percent, to $116.4 million.
Play It Again’s Parent Sees Q4 Earnings Gains
Fourth quarter 2016 net income was $6.2 million, or $1.41 a share, compared to net income of $5.7 million, or $1.31, for the same period last year.
Skechers Performance Returns As Title Sponsor Of Los Angeles Marathon
This year, Skechers Performance launched Road to Los Angeles – a global marketing initiative that offered Skechers international partners the opportunity to partake in the marathon with a VIP experience.
BikeFlights.com Expands Advocacy Program
Trips for Kids and Little Bellas, have joined the program for 2017.
SFIA Urges Passage Of PHIT Act
“We are at a critical juncture in the national debate on healthcare and the PHIT Act is a potential game-changer,” said Tom Cove, SFIA President and CEO.
Dick’s Sporting Goods Opens Two New Stores
The retailer will celebrate the opening of new locations in Norwalk, CT and Sunnyvale, CA.
Balega Beefs Up Domestic Sales Team
The performance sock brand is expanding its domestic sales team with five new representatives.
Zalando Acquires Kickz
Zalando, Europe’s biggest pure online fashion retailer, made its first move into physical stores with the acquisition of streetwear retailer Kickz.
Argon 18 Hires VP Of Sales
Canadian high-end bike manufacturer Argon 18 announced the appointment of Claude LeBlond to vice president of global sales.
Headsweats Teams Up With MultiRace
The performance headwear manufacturer will be the presenting sponsor of the Mack Cycle Miami Man Half Iron and International Triathlon, Duathlon and Aquabike.
