PGA Tour Superstore Opens First Store in Michigan
The 42,000-square-foot store is significantly larger than the average 28,000- to 34,000-square-foot store for the chain in Novi, MI.
EXEC: Yonex Posts DD Fiscal Q1 Int’l Growth on Yen Depreciation, Badminton Surge
Consolidated sales reportedly reached a record high, driven in part by the positive effect of yen depreciation on overseas sales. Despite the depreciation upside, North America sales declined year-over-year while Asia and Europe posted double-digit growth
The Ironman Group Appoints Managing Director of North America
Keats McGonigal began his career at The Ironman Group as an intern in 2007, rising steadily in responsibilities. In this new role, he leads the North American region’s more than 75 full-time employees and over 55 annual events across multiple sporting disciplines.
Former JCPenney CEO, Mike Ullman, Passes Away
In addition to his extensive career leading U.S. and global businesses, Ullman had significant experience in government, academia and philanthropic work focused on health care for those disadvantaged, among other humanitarian initiatives.
EXEC: Under Armour’s Shares Jump on Q1 Beat, Guidance Raise
Shares of Under Armour rose nearly 20 percent Thursday after the company notched a surprise quarterly profit before litigation-related charges as both gross margins and North America’s sales performance exceeded expectations. Under Armour slightly raised its outlook for the year.
Wilson Drops RF Collection in Collaboration with Roger Federer
The RF 01 line includes three rackets designed and tested by Federer: RF 01 Pro, RF 01 and RF 01 Future. The collection also features bags and accessories. This collaboration will keep Federer partnering with Wilson, with the RF 01 being the first line in this signature collection.
NRF: Import Cargo Volume May Peak in August Ahead of Potential Port Strike
The contract between the International Longshoremen’s Association and the U.S. Maritime Alliance covering East Coast and Gulf Coast ports will expire on September 30. The ILA has threatened to strike if a new contract is not reached by then.
New Era Completes Acquisition of ’47 Brand
The combined company, comprising two family-founded brands, is expected to generate approximately $2 billion in annual revenue and deliver an expanded and diversified product portfolio of apparel and accessories globally.
Elevate Textiles Names Head of Corporate Development and Strategy
Elizabeth K. Ren joins Elevate Textiles with over 20 years of experience in strategic planning, corporate development, investment banking, corporate finance, operations, and treasury. Her career has included key financial and executive positions across private and Fortune 100 companies, including Under Armour.
EXEC: Yeti Shares Surge as Company Delivers Continued Good News to Market
Growing margins, International growth, innovative new products, shifting sourcing, inventory control, new leadership and a new licensing partnership with the NFL rolled up into a very positive report and conference call on Thursday.
EXEC: Vulcabras Q2’s Growth Paced by Athletic Footwear Strength
Brazil’s Vulcabras reported sales increased 5.1 percent to of R$761 million ($136 mm) in the second quarter with growth across its Olympikus as well as licensed Mizuno and Under Armour brands.
FCS Parent Acquires MFC Hawaii
The combined companies, MFC Hawaii and Australia-based FCS, will strive to drive advancements in fin technology. The acquisition will also allow FCS to expand into various watersports and utilize MFC’s manufacturing capabilities and distribution network.
Life Time Expands Texas Footprint with New Westlake Club
The opening of the 112,000-square-foot, two-story Life Time Westlake club extends Life Time’s footprint to 33 locations across Texas.
EXEC: Helly Hansen Posts Small Q2 Growth While SportChek Declined on Weather Woes
Canadian Tire Corp., parent of Helly Hansen and the SportChek, Sports Experts, Atmosphere, Pro Hockey Life, Sports Rousseau, Hockey Experts, and Mark’s retail banners, reported top-line pressures in Q2 were balanced by strong margin and cost control, improving retail profitability.
Under Armour Lifts FY Guidance On Surprise Q2 Profit
Under Armour, Inc. reported a loss of $305 million in the second quarter after absorbing charges related to the settlement of a shareholder lawsuit, but posted a surprise profit excluding the charges and slightly raised its adjusted earnings guidance for the year. Sales declined 10 percent, dragged down by a 14 percent slide in North America.
