SGB Update Sports & Fitness
Sports Turf Managers Appoint New K-12 Director
Sports Turf Managers Association named John Watt, Certified Sports Field Manager and Athletic Fields Manager for North Kansas City School District, as the K-12 director for 2016.
Cliff Keen Pens Endorsement with Olympic Wrestler
Cliff Keen Athletic entered a marketing and athlete endorsement deal with United States Men’s 57 KG Freestyle Wrestler Daniel Dennis.
Amer Sports’ Duran Departs to Become CEO at Intersport
Amer Sports said Victor Duran, its senior vice president of marketing and business-to-consumer and a member of its executive board, has resigned in advance of assuming the CEO role at Intersport International Corporation Jan. 1, 2017.
MyZone Integrates With Netpulse For Health Club Connectivity
MyZone, a heart rate monitoring system announced a new integration with Netpulse, the provider of mobile apps for health clubs.
TJX’s Q1 Tops Street Estimates
The TJX Cos. Inc., which owns T.J. Maxx, Marshalls and Sierra Trading Post, reported first-quarter earnings rose 7.1 percent to $508.3 million, or 76 cents a share, easily exceeding Wall Street’s consensus estimate of 71 cents.
Genesco Picks Baxter to Head Lids Sports Group
Genesco Inc. appointed David Baxter president and chief executive officer of its Lids Sports Group and senior vice president of Genesco, effective June 1, 2016.
Newell Brands to Establish Global HQ in New Jersey
Newell Brands Inc. (NYSE: NWL), which closed its acquisition of Jarden Corp. and its $2.74-billion-a-year sporting goods segment last month, will establish a new global headquarters in Hoboken, N.J. after securing $27 million in economic incentives from the state.
76ers Sell First NBA Jersey Ad
The Philadelphia 76ers sold their first jersey patch sponsorship to StubHub, marking the first time a major professional sports league in the United States has sold advertising on its uniform.
Sports Authority Lenders Lose Appeal of Consignment Sales Ruling
Sports Authority’s Chapter 11 term lenders lost an appeal for an emergency injunction that would have escrowed the bankrupt retailer’s receipts from supplier’s consignment sales.
Pop Warner Eliminates Kickoffs
Pop Warner, the nation’s oldest youth football organization, announced that it will become the first national football organization to eliminate kickoffs.
Point 3 Reaches Partnership With New York Knicks
Point 3 Basketball has reached a partnership to outfit all participants for the 25th anniversary of Knicks Summer Basketball Camps.
Sequential Buys Gaiam’s Consumer Branded Products
Sequential Brands Group, Inc. has agreed to acquire the branded consumer product business from Gaiam Inc. for a total purchase price of approximately $146 million in cash. As part of the transaction, Sequential will acquire Gaiam’s yoga, fitness and wellness product business – which includes the Gaiam and SPRI brands – with expansive distribution through […]
GoPro Q1 Sales Cut in Half
GoPro Inc.’s first-quarter 2016 sales were cut in half, but exceeded guidance as the wearable action camera brand looks for a rebound with new products. Quarterly sales, ended March 31, 2016, came in at $185.5 million, versus $363.1 million during the same period a year ago. Gross margins fell 1,260 basis points to 32.5 percent, […]
Big 5’s Q1 Stung by Retail Bankruptcies
Big 5 Sporting Goods reported going-out-of-business sales at Sports Authority and Sport Chalet caused its first quarter earnings to come in on the low side.
Sports Direct Pledges to Pay Minimum Wage in 2016
Sports Direct International plc pledged to pay its directly employed UK employees and directly engaged casual workers above the National Minimum Wage starting Jan. 1, 2016. The U.K.’s largest sporting goods retailer estimated the cost in relation to these direct employees and casual workers and other related costs and knock on costs are likely to […]
