KORR Acquisitions sent a letter to GoPro‘s board of directors, saying the stock could be worth $9.49-to-$14.97 per share to a buyer. The firm urged the company to explore strategic alternatives. Read more
Wolverine World Wide Inc. announced that U.S. District Judge Janet T. Neff has approved a Consent Decree related to long-term water quality and continued environmental remediation in and around its hometown. Read more
Lululemon Athletica Inc. said that following guidance from local authorities, the majority of Lululemon’s 38 stores in China have been closed for a period of time since February 3, 2020, with some now operating on a reduced schedule. Read more
Escalade Inc., a maker of a wide range of sporting goods, reported sales for the fourth quarter of 2019 were $47 million compared to net sales of $51 million for the same quarter in 2018, a decrease of $4 million or 7.7 percent. Read more
BSN Sports, a division of Varsity Brands, announced the acquisition of certain team sports businesses from Longstreth Sporting Goods, based in Spring City, PA. Read more
Boston-based Arctaris Impact Fund LP announced the official purchase of Saddleback Mountain Ski Resort for $6.5 million. Read more
Flywheel Sports, the fitness boutique startup, will shut down the virtual classes that are connected to its in-home bikes in March. Read more
Lauren Gallo, formerly global head of content marketing at Snap Inc., the parent of the Snapchat messaging app, has rejoined Nike as senior director, brand creative. Read more
EcoVessel, maker of insulated stainless steel drinkware, has expanded its global presence in 2020 with the addition of Goris Group as a master distributor for Latin American markets. Read more
With its acquisition by Google looming, Fitbit Inc. on Thursday reported revenue for the fourth quarter of $502 million, which missed Wall Street’s estimates by $29.5 million. The company reported non-GAAP earnings per share net loss of (12) cents, which missed targets by 15 cents. Read more
Adams Arms Holdings, LLC on Thursday announced that Michael Halleron has joined the company as vice president of sales and marketing. Read more
Burton on Thursday officially announced that John Lacy will become the company’s CEO, a role he has shared for the past 18 months with Burton owner Donna Carpenter, who now becomes chair of the Burton board of directors. Read more
Major League Baseball and NFI Consumer Products announced a new multi-year sponsorship agreement between MLB and NFI’s Blue-Emu line of pain-relieving creams, sprays and patches. Read more
Merchology has become the exclusive retailer in the corporate channel for New Balance products. Read more
Kids in the Game, a fast-growing organization focused on sports-based youth development, is officially a Certified B Corporation. Read more
Eric Smith, senior business editor with SGB Media, was named the winner of the 2019 Harold S. Hirsch Award for Words by the North American Snowsports Journalists Association (NASJA). Read more
Gildan Activewear reported earnings on an adjusted basis were down 6.2 percent in the fourth quarter. Sales fell 11.3 percent as activewear sales were hurt by lower imprintables volumes in North America. Read more
About 5.7 million Contigo Kids Cleanable Water Bottles are being recalled, according to a statement from the U.S. Consumer Product Safety Commission. Read more
Wolverine World Wide Inc. on Wednesday announced the appointment of Joelle Grunberg as global president of Sperry and the appointment of Tom Kennedy as global president of the Wolverine brand. Read more
REI Co-op was again recognized as a top employer, ranking 60 on Fortune’s 100 Best Companies to Work For list. Read More
Evolv, the southern California-based manufacturer of performance climbing footwear, has bolstered both its wholesale sales and eCommerce departments and will move into a new office, retail and manufacturing facility. Read more
In 2009, TRUE linkswear created a golf shoe designed to fit feet naturally and adapt to different weather, terrain and a variety of activities. Read more
Teva, a division of Deckers Brands, on Wednesday announced the launch of its sustainability initiative and “Strap In To Freedom” campaign. Read more
Foot Locker Inc. said its board of directors approved a $275 million capital expenditures program for 2020, compared to the approximately $187 million spent in 2019. Read more
Hydro Flask, the manufacturer of insulated stainless steel flasks and a Helen of Troy Limited company, announced the global partnership with The World Surf League (WSL) as the official water bottle and drinkware of the WSL. Read more
Wanda Sports Group Co., the China-based sports marketing and event promoter, is considering a sale of the Ironman triathlon business, according to a report from Bloomberg. Read more
Adidas reported Wednesday that its business in the greater China area had dropped by about 85 percent year-on-year in the period since Chinese New Year on January 25. Read more
Asolo has hired Bill Lockwood to assume the role of GM from Bruce Franks. Read more
Golf rounds played for December 2019 rose 8.3 percent nationally compared to a year ago, according to Golf Datatech. For the year, gold rounds played grew 1.5 percent. Read more
Puma added Kendrick Nunn and Derrick Jones Jr., who both play for the Miami Heat, to the brand’s roster of NBA ambassadors. Read more
Losing weight is a top wellness goal for half of the U.S. adult population, according to a study from the NPD Group. Read more
Nike Inc. on Tuesday announced a series of senior leadership changes, starting with Heidi O’Neill, president of Nike Direct, becoming president of consumer and marketplace on April 1. Read more
The Raven Workshop, an outdoor- and action sports-focused rep agency, has added Judd Salvas to the team. Read more
Hybrid Apparel on Tuesday announced it has entered into a multi-year licensing agreement with the Hurley brand to design, manufacture and sell women’s apparel for surf-brand giant, Hurley. Read more
Designer Brands Inc. on Tuesday announced William “Bill” L. Jordan has been named chief growth officer of Designer Brands Inc., effective immediately. Read more
Despite the widely reported favorable skiing and riding, and robust economic indicators, aggregated data from 18 western mountain communities is showing that lodging occupancy is actually slipping in year-over-year comparisons, according to the most recent Market Briefing released by DestiMetrics from Inntopia. Read more
Pop Warner Little Scholars Inc., the nation’s premier youth football organization, is introducing its own brand of custom-designed tackle football, flag football and cheerleading uniforms. Read more
Herm Edwards, the legendary football coach, will be the kickoff keynote speaker at the National Sporting Goods Association’s (NSGA) 56th Annual Management Conference & 22nd Annual Team Dealer Summit in Phoenix, AZ. Read more
ISA TanTec Group issued a statement this week on how it’s dealing with the on coronavirus. Read more
Julbo Eyewear, the French eyewear brand, announced that Rick Randall will assume the role as national sales manager with the responsibility of overseeing both the U.S. and French sales and marketing teams. Read more
The Boy Scouts of America (BSA) said on Tuesday that it had filed for Chapter 11 bankruptcy amid a flood of lawsuits over allegations of child sexual abuse stretching back decades. Read more
Anta Sports Products expects the coronavirus outbreak will impact its financial performance in the first half of 2020 but is aiming for a recovery in the second half, the Chinese company said in a stock exchange filing. Read more
Moody’s Investors Service assigned A3 ratings to VF Corp.‘s proposed senior unsecured Euro notes. Read more
Yeti Holdings Inc. announced the commencement of an underwritten public offering of 15 million shares of Yeti’s common stock by certain of its stockholders. Read more
S&P Global Ratings lowered its debt ratings outlook on Boardriders Inc. reflecting its revised expectations for negative free operating cash flows (FOCF) through fiscal 2020 and the potential for a covenant violation. Read more
Moncler reported sales of €1.627 billion its year ended December 31, up 13 percent at constant exchange rates and 15 percent at current exchange rates. Read more
Kering chairman and chief executive officer François-Henri Pinault refuted rumors that his firm is exploring the acquisition of Moncler, the Italian luxury outerwear label. Read more
Farfetch Limited, the London-based fashion marketplace, announced that it has agreed to issue and sell, via a private placement, convertible senior notes in an aggregate principal amount of $250 million. Read more
On March 11, 2020, the Sports & Fitness Industry Association (SFIA) will host its annual National Health Through Fitness Day to promote the Personal Health Investment Today (PHIT) Act. Read more
Aaron Gordon of the NBA’s Orlando Magic has signed a partnership agreement with Chinese sports brand 361 Degrees. Read more
Timberland reopened its doors Monday for the first time since Catherine “Cassie” Heppner, a marketing executive for the company, was fatally stabbed at the brand’s headquarters in Stratham, NH, on February 9. Read more
Incrediwear, a manufacturer of wearable anti-inflammatory accessories, announced its first partnership with the EF Education First Pro Cycling Team (EF Pro Cycling). Read more
Barneys New York plans to close its remaining locations by February 23, according to a government filing. Read more
Yue Yuen reported sales of $878.1 million in January against $924 million, a decline of 5 percent. Read more
NBA Commissioner Adam Silver said on Saturday that the league will likely lose “hundreds of millions of dollars” in lost sponsorships and broadcast revenue from its standoff with the Chinese government after an executive last year tweeted his support for Hong Kong’s protesters. Read more
James “Jim” Lewis Throneburg, 82, founder of Thorlas hosiery, passed away at his home surrounded by family on Sunday, February 9, 2020. Read more
Photo courtesy GoPro
