SGB Update Sports & Fitness
Sequential Brands Narrows Q4 Loss
Sequential Brands Group sharply narrowed its fourth quarter while showing a 44 percent hike in revenues.
Aetrex Worldwide Acquires SOLS Systems
Founded in 2013 and based in New York, NY, SOLS’ technology improves the fit and function of footwear.
DonJoy Performance Partners With D1 Sports Training
The partnership brings together two sports performance brands rooted in sports training.
Tennis Industry Names Health & Wellness Task Force
The Task Force is chaired by Dr. Jack Groppel, who is the health and wellness advisor for the tennis industry and the co-founder of the Johnson & Johnson Human Performance Institute.
Billabong Releases Andy Warhol Collection
The collaboration comes through Billabong LAB, a division of the company that supports artists, musicians, designers, photographers and surf icons.
Reynolds Cycling Hires Director Of Global Marketing
The manufacturer of premium carbon composite bicycle wheels selected Jonathan Reese, who joins Reynolds from outside the cycling industry.
Sport Chek Opens First Women’s-Only Store
Sport Chek opened its first women’s-only store in Calgary. Called Sport Chek Women, the 16,000-square-foot store was designed by an all-female team at the Canadian retailer.
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.
