Jason Reinhardt, chair of the IHRSA Board of Directors, has announced that effective immediately, he would be stepping down as chair and as a board member.
Month: August 2020
USA Triathlon Launches “Power Within” Campaign
USA Triathlon unveiled its Power Within campaign, a marketing initiative designed to reposition the sport of triathlon by addressing its challenges head-on, galvanizing the multisport community and inspiring new audiences to engage.
Revolve Group Posts Profit Against Loss In Q2
Revolve Group, the online fashion retailer, reported sales slid 11.8 percent in the second quarter to $142.8 million from $161.8 million a year ago.
Report: Apple Working On Subscription Fitness App
Apple is working on a subscription-based fitness app that could rival virtual offerings provided by Peloton and Nike, according to reports.
Athleta CEO Joins Impossible Foods’ Board
Impossible Foods Inc., the plant-based meat start-up, announced that Mary Beth Laughton, the president and CEO of Athleta, has joined its board of directors.
Bass Pro Shops And Cabela’s Reward Store Associates With Bonuses Up To $1,000
Bass Pro Shops and Cabela’s have issued companywide bonuses for its hourly frontline retail, distribution center and manufacturing plant team of $250, $500, $750, or $1,000 based on job role and seniority, representing a multimillion-dollar investment to reward its Outfitters and employees for their efforts amid the pandemic.
Dillard’s Q2 Revenues Decline 35 Percent
Dillard’s Inc. reported total retail sales for the 13-week periods ended August 1 fell 35.2 percent to $893.2 million from $1.38 billion a year ago.
Outdoor Retailer Parent Announces Closing Of Backstop Sale
Emerald Holding Inc., the parent of Outdoor Retailer, Surf Expo and other trade shows, announced the completion of its previously announced issuance and sale of 22.66 million shares of its 7 percent series A convertible participating preferred stock to an affiliate of Onex Partners V LP.
Division III Presidents Council Cancels Fall Championships
NCAA Division III championships in fall sports for 2020/21 are canceled. With the health and safety of the division’s student-athletes, coaches, athletics administrators, and communities as its priority, the Division III Presidents Council made the decision to cancel the championships due to COVID-19 and related administrative and financial challenges.
SFIA: Strong Fitness Participation Growth Reported Prior To Pandemic
The Sports & Fitness Industry Association released its 2020 Tracking the Fitness Movement Report presenting a deep dive into the fitness industry and consumer trends across the United States. In 2019, participation increased 2.9 percent and individuals took part, on average, in about four fitness activities throughout the year.
Five Iron Golf To Open Manhattan Flagship
Five Iron Golf, the indoor golf and entertainment company founded in 2017 in New York City, announced plans to open a flagship location in Manhattan this fall.
Leatt Corp’s Q2 Revenues Climb 32 Percent
Leatt Corp, the maker of Leatt-Brace neck protection system for all helmeted sports, reported revenues increased by 32 percent in the second quarter ended June 30, to $6.9 million.
Sequential Brands Sees 14 Percent Q2 Sales Decline
Sequential Brands Group, the New York, NY-based parent of Avia, And1, Gaiam and SPRI, reported sales declined 14.4 percent in the second quarter ended June 30.
Ralph Lauren Announces Investment In Natural Fiber Welding
Ralph Lauren Corporation announced a minority investment in Natural Fiber Welding, Inc. (NFW), a sustainable material science startup that has developed a process to reuse natural fibers – such as cotton waste – into patented, high-performance materials. As a part of the investment, Ralph Lauren will help scale NFW’s patented process and develop performance apparel made from natural, sustainable materials.
Stein Mart Blames Bankruptcy On July Resurgence Of COVID-19 Cases
In an affidavit filed in the U.S. Bankruptcy Court Middle District Of Florida, Hunt Hawkins, Stein Mart’s CEO, said the off-pricer’s bankruptcy filing was partly due to struggles in recent years as the apparel category has faced online pressures. But COVID-19’s arrival, and in particular a resurgence in cases in July, made the off-pricer unable to pay its bills.
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