Nike has settled a racial discrimination lawsuit initially filed in 2017 by a 15-year company veteran just before the case was heading for trial. Terms of the settlement were not disclosed. A Nike spokesman told Portland Business Journal that lawsuit was resolved to both parties' satisfaction." (Read More)
Thule reported earnings rose 8.9 percent in the second quarter on a 7.3 percent revenue gain. Magnus Welander, CEO and president, said in a statement, "After a strong April and stable May, growth in the month of June was a disappointment in the US as store owners became more cautious as a result of the additional 15 percent tariff on Chinese goods announced in May." (Read More)
Amazon on Wednesday reported that sales during the two days of Prime Day—July 15 and 16—surpassed the previous Black Friday and Cyber Monday combined. (Read More)
Lululemon Athletica Inc. on Wednesday announced Stephanie Ferris, CFO of payment processing leader Worldpay Inc., has been appointed to the company’s board of directors, effective immediately. (Read More)
Winmark Corp., the parent of Play It Again Sports, on Wednesday announced that net income for the second quarter ended June 29 of $7.3 million, or $1.79 per diluted share, up slightly from net income of $7.1 million, or $1.73 per diluted share, in the year-ago period. (Read More)
The National Federation of State High School Associations (NFHS) on Wednesday celebrated 100 years of leading high school sports and other activity programs nationwide with a new logo. (Read More)
Echelon Fit, the maker of Echelon Fit connected spin bikes and on-demand digital workouts, announced a growth capital infusion from North Castle Partners. The investment comes approximately one year after the official direct-to-consumer launch of Echelon Fit. (Read More)
PeopleForBikes announced its latest round of community grants. The latest grant round totals $50,000 and includes eight projects in seven states. (Read More)
Kate’s Real Food, producers of wholesome, hand-rolled energy bars made from organic ingredients, announced that company sales manager, Matt O’Rell, has been promoted to the position of EVP of sales. (Read More)
Quality Bicycle Products (QBP) has been named the new U.S. wholesale distributor of Fox bike forks, shocks, dropper posts and service parts. (Read More)
Recent sports participation studies find playing team sports can drive success in the workplace, reduce depression in boys and extend overall lifespans. Another new study touts the broad health benefits of spending at least two hours a week in nature. (Read More)
The 2019 Colorado Classic presented by VF Corporation launched the “Equity in Cycling Pledge” today that asks fans around the world to show their support for gender equality in professional cycling. (Read More)
Major League Soccer and Adidas announced a new partnership with the German Football Association (DFB) to train MLS academy goalkeeper coaches and goalkeepers through a series of immersive year-long development courses. (Read More)
Messe Friedrichshafen has decided not to go ahead with the premiere of OUTDOOR Friedrichshafen scheduled for September 17 to 19 2019 and to postpone the new format. The decision is intended to give all those involved the opportunity to continue developing the newly initiated concept. (Read More)
The National Ski & Snowboard Retailers Association (NSSRA) selected Gordon Geiger of Geiger’s (Lakewood, OH) as chair and Tom Fuerst of Pedigree Ski Shop (White Plains, NY) as vice chair at its June 11, 2019 board of directors meeting. (Read More)
The NCAA issued a Notice of Allegations against North Carolina State, accusing the Wolfpack of two Level I violations and two Level II violations tied to college basketball's recruitment scandal. (Read More)
About 2,700 pairs of VO2 S skates (in addition, about 740 pairs were sold in Canada) from K2 Sports are being recalled. (Read More)
BSN Sports, a division of Varsity Brands, announced that it has acquired Hillock Sports, LLC, based in Murray, UT. Hillock has been serving team sports customers in Utah and neighboring states for 20 years. (Read More)
Nautilus, Inc. has named FIG as its creative agency for the company’s Bowflex brand. FIG will handle advertising and creative campaign executions, including TV, social and digital. (Read More)
Hibbett Sports Inc. announced the appointments of Lorna Nagler and Dorlisa Flur to the company’s board of directors. The appointments increase the size of the board to 10. (Read More)