SGB Update Sports & Fitness
Adidas To Sponsor Rutgers
Adidas reportedly reached an agreement to replace Nike as the outfitter of Rutgers.
Risewear Expands Into Apparel
Risewear, a line of performance and casual footwear launched last July as an exclusive at Kmart, will expand their offerings and launch a premium line of casual performance apparel in Spring 2017.
Gore Fabrics Division Establishes Ambitious Environmental Goals For 2020
Included in these goals is Gore Fabrics’ intent to eliminate PFCs of Environmental Concern from its consumer fabrics products as an important milestone in its long-term journey towards continuously reducing the environmental footprint of its products throughout their full life cycle.
Newell Brands Core Sporting Goods Sales Bounce Back In Q3
Pro forma core sales, which exclude the K2 Sports and the Marker and Volkl winter sports businesses that are being held for sale, increased 2.9 percent compared with prior year primarily driven by strong growth in Fishing, Technical Apparel and Team Sports, partially offset by declines on Coleman related to early 2016 distribution losses.
The North Face Adds Three Snowboarders
The North Face announced the addition of Austin Smith, Jossi Wells, Cole Navin, and Jake Blauvelt to its snow team.
Puma’s Parent The Latest To Protest Travel Ban
François-Henri Pinault, chairman and CEO of Kering, the parent of Puma and Volcom as well as Gucci, Yves Saint Laurent and other luxury brands, has joined a number of executives protesting President Trump’s executive order blocking immigrants.
Dick’s True Runner Closes Two Locations
True Runner, the run specialty concept owned by Dick’s Sporting Goods, has closed its stores in St. Louis and the Shadyside section of Pittsburgh. One location continues to operate in Chestnut Hill, MA.
Trek Acquires Revolution Cycles
Trek Bicycle has purchased Revolution Cycles, a four-store chain with locations in Washington, D.C.; Stafford and Arlington, VA; and Rockville, MD,.
International Basketball Federation To Allow Religious Headgear
The Council on American-Islamic Relations welcomed a move by Switzerland-based FIBA to allow athletes to wear religious headgear, including the Islamic head scarf (hijab).
Nike, Dick’s And Others Band Together To Fight Border Tax
Nike, Dick’s Sporting Goods and more than 100 other companies have joined together to launch Americans for Affordable Products, a campaign to defeat the border adjustable tax (BAT).
HanesBrands Sees Double-Digit Q4 Revenue Gains
The parent of Champion and Hanes reported earnings on an adjusted basis grew 20 percent in the fourth quarter on an 11.2 percent sales gain.
GoPro Offers Disappointing Outlook
GoPro reported sales for the fourth quarter that slightly missed Wall Street targets while its first-quarter guidance fell well short.
Callaway Golf Reports Profit Against Loss In Q4
Fourth quarter net sales grew by 7 percent, or 5 percent on a constant currency basis, resulting in full-year net sales growth of 3 percent, or 2 percent on a constant currency basis.
Deckers Brands Q3 Falls Well Short Of Guidance
Deckers Brands’ earnings were impacted by a charge of $118 million for write-downs at Sanuk, as well as other restructuring charges and a slow start to the holiday season.
Salomon Launches Trail Running Video Series
The 10-part series follows three runners — two of them Salomon employees — as they prepare to take on their first trail running race.
