SGB Update Sports & Fitness
Puma’s Q2 Sales Gain Momentum
Puma reported sales jumped 13 percent on a currency-neutral basis, led by the EMEA region with Americas sales ahead 5 percent. Operating earnings grew 75 percent, thanks to the sales improvement and lower operating expense rate.
NRF Raises Retail Sales Forecast for 2016
The National Retail Federation revised its forecast for U.S. retail sales growth to 3.4 percent in anticipation consumer spending will remain steady.
Under Armour to Sell to Kohl’s
Under Armour revealed plans to start selling to Kohl’s starting in 2017 as well as open a mega-store in the famed FAO Schwarz flagship on New York City’s Fifth Avenue as early as 2018.
Shawn Johnson Speaks Out Against Sexist Sports Reporting
Gymnast Shawn Johnson partnered with Dove’s #MyBeautyMySay campaign to deliver a message about sexism in sports reporting.
Will Skyn Condoms Be the Next Vibram of Activewear?
Skyn Condoms and its parent, Ansell, are collaborating with fashion designer Pauline Van Dongen to create an athletic concept garment under the moniker Skynfeel Apparel.
24 Hour Fitness Launches Team USA Bootcamp
24 Hour Fitness announced on July 26, 2016 that they will introduce a Team USA Bootcamp into all club markets next month, as the Rio 2016 Olympic Games begin.
Wolverine Worldwide Exceeds Q2 Guidance
Wolverine World Wide, Inc. (NYSE: WWW) beat guidance for the second quarter ended June 18 by reporting revenue declined 7.4 percent to $583.7 million.
Shimano Reports Weak 1H
A strong yen, stubbornly high bicycle inventories in the U.S. and slowing consumer spending in China led to weaker results at Shimano Corp. in the first half.
Nathan Signs Olympic Marathoner
Nathan signed marathoner Desiree Linden, who will represent the United States at the 2016 Rio Olympics
Under Armour’s Q2 Profits Slump on Sports Authority Charge
Under Armour Inc. reported earnings tumbled 58 percent in the second quarter, weighed down by a previously-announced $23 million write-off of bad debt from the Sports Authority bankruptcy. Revenues jumped 28 percent.
Unsecured Creditors Seek Speedy Sports Authority Liquidation
The Unsecured Creditors Committee in the Sports Authority bankruptcy case is requesting that the case be converted from a Chapter 11 proceeding to a Chapter 7 case.
Michael Jordan Donates $2M Amid Racial and Police Tensions
Michael Jordan announced the grants of $1 million each to two organizations working to build trust between law enforcement and local communities.
Dick’s SG Sets Grand Re-Opening for Bloomington Store
Dick’s Sporting Goods will be opening its relocated store on Saturday, August 13 at Colonial Plaza in Bloomington, IL
G-III Apparel to Acquire Donna Karen
G-III Apparel Group Ltd., which owns a sizable fan apparel business and G.H. Bass, agreed to acquire Donna Karan International.
NRF Sees Gain in BTS Sales
The National Retail Federation’s annual back-to-school and college spending predicts total spending for K-12 and college is expected to reach $75.8 billion this year, up from last year’s $68 billion.
