SGB Update Sports & Fitness
Sports Authority’s New Bonus Plan Draws Protests
The Justice Department’s U.S. trustee has called a new $1.5 million bonus plan for Sports Authority executives “unseemly” given how many creditors won’t receive any money back in the bankruptcy reorganization.
Li & Fung Looks Ahead While Macro And Retail Remain Tough
The first half of the year reflected retail and economic challenges, which resulted in a sales decline.
Survey: Under Armour Surpassing Adidas In Influencing College Basketball
The anonymous poll of 110 Division I basketball coaches found that NIke continued to dominate influence among shoe companies, but a wide majority felt Under Armour now ranked second.
Breanna Stewart Leads WNBA’s Most Popular Jersey List
The Seattle Storm star was followed by Skylar Diggins of the Dallas Wings and Elena Delle Donne of the Chicago Sky.
Hoka Adds Two Elite Distance Runners to Roster
Katja Goldring and Martin Hehir will Join its track and marathon team.
Trek Taps Amber Road to Manage Global Trade
Trek Bikes, a bicycle and cycling product manufacturer and distributor, selected Amber Road’s Trade Automation solution to lower landed costs and manage global trade.
Velofix Hires Ward Grootjans As VP Global Development
The company behind the world’s largest fleet of Mobile Bike Shops hired Ward Grootjans, formerly of Canyon Bicycles, as vice president of global business development.
Skechers Go Golf’s Matt Kuchar Wins Bronze in Rio
Kuchar, a Skechers Go Golf brand ambassador and elite team member, finished third in Men’s Individual Golf at the Rio Olympics.
Trending: Wearable Companies Seek School Athletics Deals
In a wearables landscape still very much dominated by Fitbit and Apple, other brands are navigating strategic partnerships with college athletic programs to get their tech in front of consumers.
Topgolf Adds Second New Jersey Venue
The sports entertainment company will open a Mount Laurel, NJ location in late 2017.
Altra Beats Salomon At Leadville 100
Altra Footwear once again secured its spot as the reigning Leadville 100 brand as its elite runner, British-born Ian Sharman, achieved his second consecutive win.
Leatt Expands Product Portfolio
The personal protective equipment company introduced its 2017 Bicycling Range aimed at a wider group of mountain bike riders.
Taiwan’s E-Bike Exports Accelerate
After growing 25.3 percent in 2015, the nation’s e-bike exports nearly doubled in the first five months of this year, according to a report released Thursday.
Vista Outdoor Sets $100 Million Share Repurchase Program
Vista Outdoor Inc. announced that the company’s board of directors has approved a new repurchase program for up to $100 million of the company’s common stock.
Report: Ex-Performance Sports Chairman Exploring Bid
Graeme Roustan, the former chairman of Performance Sports Group Ltd., is weighing a possible bid for the company, according to a report from Reuters.
