The U.S. and China agreed to resume trade talks after a seven-week breakdown, and the Trump administration decided to hold off adding 25 percent tariffs on $300 billion in Chinese imports, which would have included apparel and footwear classifications and other popular consumer products.
Nike canceled the launch of its limited edition USA-themed Air Max 1 Quick Strike sneaker for the Fourth of July holiday after criticism that the sneaker featured an early American flag that some found offensive, including Colin Kaepernick—who does he play for? The state of Arizona responded appropriately by rescinding a $1 million incentive for Nike to build a plant in the state.
Firearms manufacturer Weatherby Inc. completed the relocation of its manufacturing operations and corporate headquarters to Sheridan, WY, from California.
Nike, Patagonia, Gatorade, Converse, New Balance, L.L. Bean, Louisville Slugger, and Wilson all landed on the 17th annual Brand Keys survey of iconic American brands.
San Diego ranked first in Wallethub’s Best Cities for Recreation. The remaining top five were Las Vegas, Orlando, Honolulu, and Tampa.
Wilson Sporting Goods Co. and the Basketball Champions League announced they entered into a three-year exclusive agreement.
Umbro signed on to replace Puma as the supplier of the Premier League Club Burnley in a three-year kit deal.
About 4,450 electric bicycles were recalled by Faraday. According to a release from the CPSC, the seat post on the bikes could break posing a fall hazard to the rider.
Sherrill Inc., a Greensboro, NC-based arborist and climbing gear company, announced the acquisition of Biddeford, ME-based life safety rope manufacturer Sterling Rope Company Inc.
TRX, the functional training equipment, education and technology brand, announced John Hutchison as the brand’s president effective June 10, 2019. Hutchison’s past experience includes brand strategy and general management roles at Nike and The North Face where he last ran the Global Run & Train division.
Steamboat Springs, CO-based camping equipment brand Big Agnes announced efforts aimed at expanding the company’s international sales and distribution.
Fox Factory Holding Corp. completed the company’s CEO succession plan, as previously announced on February 26, 2019, and May 30, 2019.
Safilo Group S.p.A closed on the previously announced decision to sell the company’s U.S. retail chain Solstice to Fairway LLC.
KJK Sports signed a definitive agreement with Asgaard A/S from Denmark and Litcapital I of Lithuania to acquire e-bike maker Baltic Bicycle Trade UAB, the parent company of Baltik Vairas, based in Šiauliai, Lithuania.
Planet Fitness Inc. appointed Kathy Gentilozzi as chief people officer.
David Dragoo, president and founder of Colorado Outdoors, a multi-use riverfront economic development project serving the outdoor recreation industry, was appointed to the Colorado Economic Development Commission.
Dick’s Sporting Goods will hold grand opening celebrations from July 12 through the 14th for the company’s new store in Eastvale, CA.
TPG Growth, the middle market and growth equity platform of alternative asset firm TPG, announced that it has partnered with company management to acquire Crunch Fitness.
In a statement, SFIA praised the Trump administration’s decision to return to trade negotiations with China and suspend any immediate action on new tariffs. stated SFIA President and CEO, Tom Cove. “We see this as a positive sign for the industry, but not conclusive.”
Ascent Outdoors, which closed suddenly in late April, will re-open at least one store in July after being acquired by Sandeep Nain, the founder of retail and mountain climbing group Miyar Adventures, according to the Seattle Times.
USA Triathlon announced a three-way partnership with USA Swimming and U.S. Masters Swimming to host open water swim races as part of two USA Triathlon-owned events this year.
IAnthus Capital Holdings Inc., which owns, operates and partners with regulated cannabis operations across the United States, announced that the company’s U.S. subsidiary closed the previously announced acquisition of CBD For Life.
Winmark Corporation, the parent of Play It Again Sports, announced the submission by Steven C. Zola of his resignation from the position of president of Winmark Capital, as well as his resignation as vice chairman of the board of directors of Winmark Corporation.
The National Retail Federation expressed hope that progress made during talks between President Trump and China’s President Xi Jinping at the G-20 Summit in Japan will lead to the end of the two countries’ trade war.
Vantage Apparel partnered with 1% for the Planet, an organization that encourages companies to give back a portion of their sales to benefit the environment.
BSN Sports acquired Key Sport Shop Inc., based in Rolla, MO.
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