SGB Update Sports & Fitness
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.
Garmin Sees Robust Growth In Outdoor And Fitness In Q4
Garmin Ltd. reported fourth-quarter earnings on an adjusted basis were slightly down but well above Wall Street estimates. Strong double-digit growth was seen in its outdoor, fitness and marine segments.
Wolverine Reports Q4 Loss
Wolverine World Wide Inc. reported a loss of $1.9 million, or 2 cent a share, in the fourth quarter, against earnings of $11.6 million, or 12 cents, a year ago. Adjusted earnings on a currency-neutral basis were slightly above year-ago levels and Wall Street’s target.
Nautilus Sees Double-Digit Revenue Growth In Q4
The 15.2 percent gain was driven by higher sales in the retail segment resulting from the acquisition of Octane Fitness, partially offset by single-digit declines in organic retail segment and direct segment sales.
Dick’s Opens Stores In Iowa, New York And Georgia
Grand opening celebrations for new stores in Davenport, IA, Queens, NY and Hinesville, GA will occur March 10 through March 12.
Club Ride Apparel Launches Tees for Trails Program
Every year, the company will donate 50 percent of sales from their Tees For Trails line purchased on ClubRideApparel.com to non-profit organizations that promote trail advocacy.
