SGB Update Sports & Fitness
GoPro Sales Tumble; Swings To Q3 Loss
The action-camera company’s third quarter sales fell 39 percent and earnings took a hit on lower margins. It expects to return to profitability in 2017.
Amer Sports Gets New Americas GM
The parent company to Wilson, DeMarini, Louisville Slugger, Salomon, Arc’teryx, Atomic, Suunto, Mavic and Enve brands promoted Bill Kirchner to vice president and general manager – Americas.
Under Armour Teams Up With Youth Flag Football
Under the Lights is a non-contact league that brings together thousands of participants (K-10th grade) to compete and learn about the game of football.
Spartan Race To Open First Gym
The obstacle race organization said it’s partnering with luxury-lifestyle hotel brand 1 Hotel in South Beach, FL to open its first ever Spartan Gym.
The North Face Donates $10K To Big City Mountaineers
The gift will help introduce underprivileged urban youth to the outdoors through wilderness mentoring experiences.
Anta Signs Manny Pacquiao
The Chinese sportswear brand hopes signing the boxer will improve its brand influence across the globe, as well as help strengthen its presence in the training and boxing market.
Sequential Brands’ Q3 Boosted By Acquisitions
Earnings grew 50 percent on an adjusted basis with the the help of healthy contributions from core brands Jessica Simpson, William Rast and Heelys as well as a number of recent acquisitions.
Adidas Q3 Earnings Climb 15.3 Percent
Adidas AG reported strong third-quarter results, helped by double-digit sales increases in its performance business and at its urban wear units Adidas Originals and Neo. The company also announced plans to restructure its Reebok brand.
Gildan Activewear Lowers Guidance On Q3 Shortfall
Gildan Activewear Inc. slightly lowered its guidance for the year due to lower than anticipated results in the third quarter and tempered branded apparel sales expectations in the fourth quarter.
Fitbit Outlook Falls Short, Stock Tumbles
With its growth and profits slowing and an outlook below expectations, Wall Street pummeled the fitness tracking company’s stock in afterhours trading.
Report: JackRabbit Hits Selling Block
Sources told Bloomberg Finish Line’s run specialty segment could draw interest from private equity firms and other sporting goods chains.
Under Armour Opens Boston Brand House
The new location will offer localized Boston apparel, including Boston Red Sox gear and the New England Patriots NFL Combine Authentic Team collection.
Herbalife Nutrition Shares CEO Transition Plan
Effective June 1, 2017, Richard P. Goudis, currently chief operating officer, will succeed Michael Johnson as CEO of the nutrition company.
Suunto Promotes Tillinghast To Lead Americas Omni-Channel Strategy
The manufacturer of sports watches, dive computers and precision instruments promoted Jason Tillinghast to regional commercial director – Americas.
Reynolds Cycling Makes Hires, Restructures Staff
The Sandy, UT-based manufacturer of carbon-composite wheels, recently completed four hires and promoted three others.
