SGB Update Sports & Fitness
Yue Yuen Sees 37 Percent Profit Gain In 2016
Sales rose 0.5 percent in the year as gains at Pou Sheng, its retail business, offset a modest decline in its footwear manufacturing operations.
Finish Line Suffers Big Q4 Miss
Finish Line reported fourth-quarter earnings excluding charges came in well below guidance as “the overall retail environment in February became increasingly difficult” and markdowns were required to reduce inventory levels.
Perry Ellis Sees Momentum In Golf And Nike Swim
George Feldenkreis, chairman, said the rash of department store closures “is a positive development in the long run, especially in light of the way in which retailers moving these days and the demographic implication of Generation Z, Generation Y versus Generation X.”
NRF Predicts Later Easter Will Lead To Increased Spending
The NRF’s annual survey suggested that spending for Easter is expected to reach $18.4 billion, up 6 percent over last year’s record $17.3 billion and a new all-time high in the survey’s 14-year history.
Alex Rodriguez To Open UFC Gym Franchise
The former Major League Baseball star purchased the UFC Gym franchise located in Kendall, FL and secured developmental rights for additional gyms throughout Miami – Dade County.
Nomadix Partners With REI
The environmentally friendly active lifestyle and outdoor company has partnered with REI to bring eco-friendly towels to the outdoor and active lifestyle space.
United Sports Brands Canada Completes Transition To Subsidiary Model
United Sports Brands, the parent of Shock Doctor, McDavid, Cutters and Nathan, completed its transition in Canada from a distributor model to a subsidiary business structure.
Inov-8 Appoints Interim Canadian Exec
Inov-8 named Christian Triquet, formerly president of Merrell Canada, as interim executive of its Canadian branch extension of the North American subsidiary.
Varsity Brands Wins Supreme Court Copyright Case
The 6-2 ruling bolsters the legal protections for pictures and graphic designs.
Dick’s To Open Store In Encinitas, CA
This will be the retailer’s 687th Dick’s store in the nation and 50th in the state of California.
Dynatronics To Acquire Hausmann Industries
Dynatronics Corporation announced an agreement to acquire substantially all of the assets of Hausmann Industries, Inc., a manufacturer of branded, high quality physical therapy and athletic training products. The purchase price is approximately $10.0 million in cash.
Camber Outdoors Conducts 2017 Workplace Survey
The survey runs March 22 – April 7 and will inform broad-based study of workplace experiences in the active-outdoor industries.
SFIA Celebrates Landmark 18th Annual National Health Through Fitness Day On Capitol Hill
This year a broad coalition of supporters, including celebrity athletes ranging from NFL pros to Olympians, held 100 meetings with more than 120 U.S. Senators and Representatives to discuss the importance of the PHIT Act.
KT Tape Extends Partnership With U.S. Soccer
KT Tape will remain the official kinesiology tape for all U.S. soccer teams and programs.
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.
