Li Ning reported profits on an adjusted basis grew in the first half while revenues only showed a slight decline despite the impact of COVID-19.
Month: August 2020
Taking Vendors And Retailers’ Pulse On OR’s Virtual Tradeshow
While Outdoor Retailer was forced to cancel its Summer Market tradeshow due to COVID-19 concerns, it did its best to bring brands and buyers together with its new live online format that ran from July 21-23, 2020, featuring programming, exhibitor booths and more.
Federal Court Strikes Down California’s Ban On High-Capacity Magazines
A three-judge panel of the 9th U.S. Circuit Court of Appeals on Friday threw out California’s ban on high-capacity ammunition magazines, labeling it a violation of the Second Amendment.
The Running Event Cancelled
Diversified Communications, organizer of The Running Event (TRE), announced it has canceled TRE, scheduled to take place December 1-3 in Austin, TX, due to health concerns stemming from COVID-19.
Fitbit Premium Reaches 500,000+ Paid Subscribers In First Year
Fitbit announced that Fitbit Premium, its paid membership service that gives users guidance to move more, manage stress, sleep and eat better, has reached more than 500,000 paid subscribers in less than a year since launch.
DestiMetrics: Resort Bookings Continue Decline In Western Mountain States
According to DestiMetric’s monthly Market Briefing by Inntopia, occupancy and revenue at western mountain destinations at the midpoint of summer 2020 continue to be dramatically lower than last summer despite gaining ground as outdoor mountain activities captured visitors for overnight stays.
Survey Finds Americans Embracing Hybrid Home/Club Workouts
A survey from The Beachbody Company finds that though 15 percent of U.S. adults who exercise regularly said they will never feel comfortable working out in a gym, more than half (61 percent) said they will eventually feel comfortable heading back, while 23 percent are comfortable resuming their gym workouts. At the same time, a majority (90 percent) described their at-home fitness routines as effective.
NB Pure Hires Marketing Chief
NB Pure (Nutritional Brands), a manufacturer of all-natural health and wellness supplements, hired RJ Carvis as director of marketing.
Puma Appoints General Manager For UK, Ireland And Benelux
Puma appointed Ben Hughes as general manager for the United Kingdom, Ireland and Benelux (UKIB) with immediate effect. In this role, Hughes takes over from Paul Spencer, who has assumed the position as Puma’s regional sales director Europe.
Boot Barn Appoints COO
Boot Barn Holdings Inc. promoted Greg Hackman to executive vice president and chief operating officer. Along with this additional role, Hackman will continue in the role of chief financial officer.
Retail Reports Roundup
Recent retail surveys and studies, including Accenture’s forecasting a “Decade of the Home” as the discomfort of public spaces and travel, coupled with financial fear amid the widespread decline in household income, continues to keep consumers sheltering at home. Other surveys explore back-to-school spending expectations, personal data tradeoffs and the importance of employer values for job seekers.
Callaway Golf’s Debt Ratings Lowered
Moody’s Investors Service downgraded Callaway Golf Company’s Corporate Family Rating (CFR) to B1 from Ba3 and Probability of Default Rating to B1-PD from Ba3-PD.
Paragon Sports Ends Sale Of Animal Fur Products
Paragon Sports, the New York sporting goods institution, announced that after re-evaluating shoppers’ needs, it will no longer sell apparel made with animal fur starting in the winter of 2020.
Wellness Survey: Walking Ranks As The Preferred Exercise Option Amid COVID-19
More than two-thirds of Americans surveyed who work out said walking has been their preferred exercise option amid COVID-19, while 1-in-5 five said the pandemic has encouraged them to improve their eating habits, according to a new nationwide survey from UnitedHealthcare.
Simon, Authentic Brands To Acquire Lucky Brand
Simon Property Group and Authentic Brands Group (ABG) have teamed up to acquire bankrupt denim maker Lucky Brand in bankruptcy proceedings for $140.1 million.
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