SGB Update Sports & Fitness
Under Armour To Reach Kohl’s In Early March
On a conference call with analysts, Kevin Mansell, Kohl’s CEO, said the company expects the Under Armour launch to be a “significant enough business in year one to add 75 basis points to 100 basis points to our overall company comp.”
Youfit Teams Up With The Color Run
The chain of budget-friendly fitness centers partnered with The Color Run for its Dream World Tour 2017.
Adidas Partners With Prep Baseball Report
The agreement creates a platform to provide kids visibility to high school, college and pro teams across a national footprint.
Darby Communications Launches Stand Up Initiative
The program will support environmentally focused non-profit organizations by providing PR related services to groups working towards environmental and sustainable advocacy.
Ryan Dawkins Launches Mascot Sports
The veteran endurance sports executive rolled out a San Francisco-based sponsorship and experiential marketing company focused on bringing together athletes, brands and live events.
Nike Partners With Tennis Star Li Na
This March, the swoosh will release the China-exclusive Li Na Collection, honoring her trailblazing determination and encouraging more girls to follow in her footsteps.
Billabong Sells Tigerlily Swimwear Brand
Billabong International Limited entered into an agreement to sell its Tigerlily business to Crescent Capital Partners.
Performance Sports Group Extends Sale Closing Date
Performance Sports Group said it has extended the closing date to February 27, 2017 for the sale of substantially all of the assets of the company and its North American subsidiaries.
Gildan Activewear’s Q4 Revenues Climb 8 Percent
Gildan Activewear reported fourth-quarter earnings that came in slightly better than planned. Sales in its Printwear segment were in line with expectations, while retailer inventory reductions contributed to lower-than-anticipated sales in Branded Apparel.
The Finish Line Youth Foundation Donates $526,203 In Q4
The Finish Line Youth Foundation awarded $151,203 in grants and $375,000 in donations for Special Olympics in the fourth quarter of 2016.
Iconix Brand Shows Steep Loss On Write-Offs
Iconix Brand Group reported a loss of $297.5 million, or $5.30 a share, in the fourth quarter after absorbing a pre-tax impairment charge of $443 million related to certain of the company’s trademarks and goodwill.
Fitbit’s Struggles Continue In Q4
The company reported a GAAP basic net loss per share of negative 65 cents for its fourth quarter of 2016.
Red Clay Youth Tennis Tournament Makes U.S. Debut
The French Tennis Federation, organizers of The French Open, with the support of USTA, stated that the “Rendez-vous à Roland-Garros in partnership with Longines” event will be coming to the U.S. for the first time.
Beyond Monumental Hires New Executive Director
Jed Cornforth is an Ironman Triathlete and a marathon runner.
Topgolf Partners With Bunkers In Baghdad
Topgolf put its gently used golf equipment to good use by partnering with Bunkers in Baghdad, a New York-based charitable organization.
