NEW YORK, October 28, 2016 /PRNewswire/ --
www.Financialbuzz.com - The number of health and fitness clubs
have grown year to year, supported by public health initiatives
that have clarified the benefits of exercise in tackling health
ailments. According to statistics portal, Statista, the United States & Canadian market had an
estimated size of more than $28 billion
dollars in 2015, of which 90 percent was attributable to
the United States. NABUFIT Global
Inc. (OTC: NBFT), Nike Inc. (NYSE: NKE), Under Armour Inc. (NYSE:
UA), Lululemon Athletica Inc. (NASDAQ: LULU), VF Corporation (NYSE:
VFC).
Population amongst individuals aged 20 to 64, makes up the
largest gym-going demographic. A total of which 36,000 clubs
located in the U.S. had roughly 55 million members. Globally, more
than 150 million people were members of a fitness clubs. Compelled
by increasing gym-goers among the growing population, revenues are
anticipated to develop at an annual rate of 2.5 percent, with a 3.2
percent growth in 2016.
Online platform for health, fitness and nutrition, NABUFIT
Global Inc. (OTCQB: NBFT) is available in mobile app stores,
that delivers a new training portal which enhances workouts by
providing expert advice from professional trainers, health experts
and international sports stars. Last week the company announced
that it has reached more than 200,000 downloads since its launch on
July 19, 2016. With this platform,
fitness fanatics learn from the best and could evolve their
workouts through online training and educate themselves in its
community. NABUFIT helps build an active and healthy lifestyle by
coaching and inspiring individuals toward better exercise and
nutrition.
NABUFIT recently extended its partnership with Brazilian
superstar footballer, Neymar Jr., who plays as a forward for
Spanish team FC Barcelona and the Brazil national team. The partner
includes the Neymar Jr. Project Institute. The project has led to
building an education center in São Paulo
Brazil for the benefit of young individuals. The center
delivers educational and sporting related activities for under
privileged children in the area.
By partnering with the Neymar Jr. Project Institute, NABUFIT
also gains awareness in the way young individuals live and train
and their needs. This will provide NABUFIT with data that is very
significant for future developments. Brian Palm Svaneeng Mertz,
NABUFIT CEO said: "We are pleased with the current user base growth
and the development of new features to the app where we at the
moment are adding 2-3 more new features a month. We also expect
additional traction when Neymar Jr. will be available on the app in
early December this year."
Lululemon Athletica Inc. (NASDAQ: LULU) has released its
first capsule collection called the "Reflective Splatter" for its
Lab concept stores in New York and
Vancouver. The new collection
features a reflective tank, sports bra, tights and hot shorts.
Lululemon's director of future textiles, Pascale Gueracague,
explained that the higher price point is due to the high-tech and
experimental technique used to create the new reflective print: a
double-printing process that includes a base layer of print with a
second, superimposed reflective layer on top. This was used to
create a less graphic and more glitter effect.
VF Corporation (NYSE: VFC) marks Napapijri® as the
company's fastest growing brand with a 9 percent currency neutral
growth in its third quarter of 2016. Acquired in 2004, Napapijri
started when an Italian travel bag manufacturer mixed design
innovation with style and revolutionized outdoor apparel. The
company offers a full line of premium outdoor apparel, footwear and
accessories. The brand's well-known SKIDOO jacket was introduced in
1990 and is identical with outdoor lifestyle, particularly in
Europe.
Nike Inc. (NYSE: NKE) and its biggest athlete partner,
Lebron James of the Cleveland
Cavaliers, opened up the NBA season with a toast to underdogs
salute to the ones who "weren't supposed to be here". The ad was
headlined as "Come out of nowhere" with James being one of the
stars who came from nothing. Furthermore to the anthem spot, the
campaign embraces out-of-home executions celebrating the discrete
styles of other NBA players who were never supposed to be big, such
as Kevin Durant, Paul George and Isaiah
Thomas. The campaign will run through the first two weeks of
the season.
Under Armour Inc. (NYSE: UA) reported lower margins in
the third quarter as the company invested in less profitable
categories like soccer, golf and basketball. The company is also
investing aggressively overseas, opening more stores. Gross margins
for the third quarter fell to 47.5 percent from 48.8 percent last
year. Shares fell the most in more than seven years after the
company warned that growth rate will be less than expected, raising
concerns that the amazing growth streak will finally end. The
company expected revenue to increase in the low 20 percent range
during 2017 and 2018.
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