SGB Update Sports & Fitness
GoPro’s Revenues Nosedive 47 Percent
GoPro swung to a quarterly loss of $91.7 million, or 66 cents per share, compared to a profit of $35 million, or 24 cents, in the same period a year earlier. However, adjusting for certain items, the company’s loss of 52 cents was better than the 58 cents Wall Street analysts were looking for.
Callaway Golf Earnings Jump
Callaway Golf Company reported a 6.5 percent increase in net sales in the second quarter and a 140 percent increase in earnings per share.
Cobi Launches Connected Biking System
Cobi, the first integrated system to make cycling a “smart” experience, is now available for purchase in 34 countries and five different languages.
Nike Lowering LeBron James Sneaker Price
Nike reportedly is reducing the price of LeBron James’ Nike signature sneakers. The upcoming LeBron 14 shoe will sell for $175, down from the $200 price tag for the LeBron 13.
Kohl’s Confirms Under Armour’s Arrival
Kohl’s confirmed that it plans to start selling Under Armour for the first time starting in early 2017.
Reebok Collaborates With Tristan Eaton on Yoga Apparel
Reebok has teamed up with artist Tristan Eaton to create a street-art-inspired yoga apparel collection. Tristan Eaton is a designer, graffiti artist, street muralist, illustrator and toy designer. His work has been featured on walls and billboards, including a mural at Reebok’s Headquarters in Canton, MA. Reebok has recently been partnering with studio artists to […]
Rachel Paquette Named Honorary President, Ultra-Trail Harricana
The Ultra-Trail Harricana of Canada (UTHC), presented by The North Face, introduced Rachel Paquette as this year’s honorary president.
Gildan Activewear Q2 Sales Miss Mark, Lower Guidance
Gildan Activewear Inc. reported its fiscal second-quarter 2016 sales, ended July 3, that were slightly below company expectations due to headwinds from distributor inventory destocking in printwear, the exit of certain retail private label programs and unfavourable foreign exchange.
SFIA Buffs Leaders Summit with Cavaliers CEO and U.S. Secretary of Labor
The Sports & Fitness Industry Association (SFIA) added keynote speakers Len Komoroski, Cleveland Cavaliers and Quicken Loans Arena CEO, and Thomas E. Perez, United States Secretary of Labor for its 2016 Industry Leaders Summit.
Russell Wilson and Neiman Marcus Partner for Menswear Brand
Good Man Brand, a menswear collection, is set to launch in August at Neiman Marcus in five stores and online.
Gildan Activewear to Acquire Peds Legwear for $55M
Gildan Activewear Inc. signed a definitive agreement to acquire Peds Legwear Inc. for $55 million, officials announced July 27.
Garmin Fitness and Outdoor Accelerate in Q2
Garmin Ltd. reported double-digit growth at its Fitness and Outdoor segments in the second quarter that enabled it to blow past Wall Street estimates and raise guidance
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.
