SGB Update Sports & Fitness
VF Issues Soft Guidance For 2017
VF Corp. reported fourth-quarter earnings were down, in line with guidance. Among its major brands in the quarter, North Face was down 8 percent, Vans grew 14 percent, and Timberland gained 4 percent. The company provided a weak outlook for 2017.
Under Armour Signs French Olympic Judo Champion
The two-time Olympic gold medallist will be the face of Under Armour’s expansion into France, where it has recently opened a new Paris headquarters.
Performance Sports Group Completes Inaria Sale
The developer and manufacturer of sports equipment and apparel completed the previously announced sale of its soccer uniforms assets marketed under the Inaria brand name.
Report: 2026 World Cup Could Have Multiple Host Countries
The 2026 soccer World Cup could be split between up to four countries, FIFA President Gianni Infantino said on Thursday.
Serena Williams And Muhammad Ali To Receive Jesse Owens Awards
The International Athletic Association (IAA) named Serena Williams and Muhammad Ali as the recipients of the awards, which recognize athletes who exemplify integrity, perseverance and service.
Marucci Sports Acquires Victus
Marucci Sports has acquired Victus Sports, a custom wood bat manufacturer and Big League bat supplier.
HanesBrands Distribution Center Achieves Safety Milestone
HanesBrands, the parent of Hanes, Champion and Gear for Sports, stated that its Cleveland Distribution Center, located in Kings Mountain, NC, was one of 34 facilities in the state of North Carolina to achieve 2 million employee hours without injury in 2016.
Nike Commits $1.5 Million In Grants From Nike School Innovation Fund
The Nike School Innovation Fund is awarding 100 Oregon high schools a total of $1.5 million in grants with the goal of increasing graduation rates, closing the achievement gap and helping all students in Oregon prepare for future success.
Usain Bolt To Retire
Sprinter Usain Bolt, Puma’s star athlete, will retire at the age of 30 following the world championships in London in August 2017.
Asics Lifestyle Apparel On The Rise?
The successful relaunch of Asics Tiger two years ago has led to its newest iteration, a premium apparel collection that continues to highlight the Japanese brand’s lifestyle business.
January Retail Sales Expand 3.8 Percent
Sporting goods stores’ sales increased 1.8 percent seasonally adjusted over the previous month and decreased 3.7 percent unadjusted year over year.
Polar Signs Will Leer As Ambassador
Polar, a manufacturer of wearables, welcomed USA Track & Field champion Will Leer to its team.
Foot Locker Sets Capital Allocation Plans For 2017
Foot Locker raised its dividend payout, launched a new stock repurchase programs and slightly lowered its capital expenditure program in announcing its overall capital allocation plans for 2017.
GU Withdraws From OR, Adds Interbike To Debate
“GU will not attend any tradeshow, Interbike included, that moves to Utah while its public policy remains inimical to GU core values,” stated a company representative.
IOC Holds International Forum For Sports Integrity
The second edition of the IFSI took place today at the Olympic Museum in Lausanne, Switzerland, at the initiative of the International Olympic Committee.
