SGB Update Sports & Fitness
Adidas Group’s Q2 Led By Western Europe and North America
Adidas Group strong second-quarter results were led by a 25 percent gain on a currency-neutral basis by the Adidas brand. Top-line growth accelerated in Western Europe, up 29 percent; and North America, up 26 percent.
Nominate Your Innovators of the Year
This fall, SGB will spotlight the people, products and business strategies that push the active lifestyle industry forward with the first SGB Innovators of the Year Awards.
Nike To Halt Golf Equipment Manufacturing
Nike will exit the business of manufacturing golf clubs, balls and bags in favor of concentrating on golf footwear and apparel.
Fleet Feet Sports Releases Runmoji
Fleet Feet Sports will soon release Runmoji, the first emoji application designed specifically for runners, by runners.
Fitmark Closes Round of Funding
Fitmark, the maker of sport, fitness and meal prep bags, has closed another seven-figure round of funding, bringing the total raised to near $3 million to-date.
Academy Sports Appoints Chief Merchandising Officer
Academy, Ltd., doing business as Academy Sports + Outdoors, named Michelle J. Gloeckler executive vice president, chief merchandising officer and president of Academy International Limited, its global sourcing entity.
OIWC Becomes Camber Outdoors
The Outdoor Industries Women’s Coalition (OIWC) stated that its 20th anniversary will include a name change to Camber Outdoors in order to better reflect its outdoor industry work.
Youfit Opens in Baltimore
Youfit has opened a second health club in the Baltimore County area.
Trending: Fitness & Wellness Travel
Virtuoso, an international luxury travel network, is honing in on a growing niche dubbed wellness travel which encompasses “physical, mental and social well-being, as well as spiritual health,” said Albert Herrera, SVOP of Global Product Partnerships, Virtuoso.
Urban Outfitters Erases Activewear Brand, Launches Adidas Line
Almost a year after Urban Outfitters pulled its fitness & outdoors brand, the lifestyle company turns to Adidas for an activewear boost.
USATF Signs Exclusive Nutrition Deal
USA Track & Field (USATF) signed nutrition company Garden of Life as an official sponsor, to exclusively provide protein bard, powder, shakes and probiotic products to athletes.
Brooks Running Company Appoints New Leadership
Brooks Running Company promoted Patrick Pons de Vier to senior vice president of Global Footwear and hired Gerald Kuhtz as senior design director of Global Footwear.
Nike Acquires Virgin Mega
Nike Inc. said it acquired Virgin Mega, a 12-person startup that is part of Richard Branson’s Virgin Group.
Performance Sports Group Lays Off Employees
Performance Sports Group Ltd. announced additional corporate restructuring activities which will result in the company reducing its workforce across several areas and levels of the organization.
Big 5 Fights Off Liquidation Pressures in Q2
Big 5 Sporting Goods reported earnings fell 19.2 percent in the second quarter due to the impact of liquidation sales by Sports Authority and Sport Chalet but they still came in ahead of internal expectations.
