SGB Update Sports & Fitness
SFIA President And CEO Tom Cove Testifies Before USTR
The hearing before the United States Trade Representative (USTR) covered the expansion of the Generalized System of Preferences (GSP) that focuses on tariff relief on on sports bags and backpacks.
NSGA Innovations Arena Returns For Third Year
The NSGA Innovations Arena at the NSGA’s Annual Management Conference and 19th Annual Team Dealer Summit gives both new and established companies the opportunity to showcase a new sporting goods product to attendees.
PGA Tour Superstore Plans Three New Locations
The company recently acquired a Sports Authority location in Glendale, AZ, and is also planning new stores in Hilton Head, SC and Jacksonville, FL. All three locations are slated for 2017.
Boston, San Francisco Most Active Cities
Rounding out the top five are San Francisco, Chicago, New York City and Washington D.C.
Moody’s Rates Nike’s $1.5 Billion Offering A1
Moody’s Investors Service assigned an A1 rating to Nike Inc.’s proposed $1.5 billion senior unsecured note offering and a (P)A1 rating on its unsecured shelf program.
Nike Founder Gifts $500 Million To New University Of Oregon Campus
The University of Oregon shared on October 17, 2016 that it launched the $1 billion Phil and Peggy Knight Campus for Accelerating Scientific Impact, after a $500 million lead gift by the Nike Inc. founders.
Pinarello Cycling Brand Up For Sale, Louis Vuitton Owner A Potential Buyer
Pinarello, the Italian cycling company dating back to the early 1950s, confirmed reports that the brand is looking to sell.
Harbinger Fitness Turns Attention To Adaptive Athletes
Harbinger Fitness, manufacturer of strength accessories, inked a partnership with the nonprofit organization I Am Adaptive.
Tailwind Named Hydration Partner For Two Endurance Events
Tailwind Nutrition has been named as the official hydration for the Tarawera Ultramarathon and the Kathmandu Coast to Coast World Multi-Sport Championships, two New Zealand endurance events.
Top 20 Cities For Marathon Training
Real estate brokerage company Redfin analyzed cities across the U.S. to discern which are the best for marathon training.
Crunch Sells 100th Franchise Of 2016
This makes the company one of the largest and fastest-growing franchisors and operators of fitness centers, with well over 600 franchises sold in its first six years and 13 new clubs opening this month alone, according to the company.
Polar Signs Olympic Runners
Polar welcomed two world-renowned runners, Molly Huddle and Kate Grace, to their team.
Dick’s Sporting Goods Exploring Bid For Golfsmith
The bid would challenge one by Worldwide Golf Shops.
Wolverine Trims Sales Outlook For Year
Wolverine World Wide Inc. reported earnings improved slightly in the third quarter, in line with expectations. The company, however, now expects full-year sales to come in at the lower end of its guidance range due to a “tepid” environment.
Sporting Goods Store Sales Rise Modestly In September
Sales at sporting goods stores increased 1.4 percent seasonally adjusted over the previous month, and decreased 0.4 percent unadjusted year over year.
