Freeletics, the AI-powered fitness coaching app, announced the closing of its $25M Series B funding round.
Author: SGB Media
Worldwide Wearables Market Forecast To Maintain Double-Digit Growth In 2020
Global shipments of wearable devices are expected to total 396.0 million units in 2020 according to new data from the International Data Corporation (IDC) Worldwide Quarterly Wearable Device Tracker.
Allbirds Raises $100 Million In Funding
Allbirds, the San Francisco-based casual footwear and sneaker maker, raised $100 million in financing in a funding round that valued the company at $1.7 billion, according to a report in the Wall Street Journal.
Primary Arms Hires Soft-Lines Merchandising Manager
Primary Arms Online hiring Beth Singletary as its soft-lines merchandising manager. This position covers all apparel and gear categories within its assortment.
Boating Community Applauds Legislation To Protect Small Businesses
The National Marine Manufacturers Association applauded the introduction of the Resources for Emergency Preparedness and Resilient Enterprises (PREPARE) Act.
Amazon Prime Day Set For October 13 And 14
Amazon said Monday that it will host its annual Prime Day sales event on October 13 and 14. Prime Day, which traditionally takes place in mid-July, had been postponed due to COVID-19.
Survey Finds Landlords And Retail Tenants Compromise To Emerge Stronger Post-COVID-19
With close to zero revenue coming in the doors for many brick & mortar retailers during COVID-19 stay-at-home orders, retailers and their landlords are working to address outstanding rent obligations, the National Retail Federation, and PJ Solomon said.
Academy Sports’ Debt Ratings Upgraded By S&P
The debt ratings of Academy Sports + Outdoors Inc. were raised by S&P Global Ratings as the retailer recently announced continued growth in the second quarter ended July and filed for a potential IPO.
Vista Outdoor Named Successful Bidder In Remington Ammunition Acquisition
Vista Outdoor Inc. announced that it has been named a successful bidder in the auction process conducted in connection with Remington Outdoor Company, Inc.’s (ROC’s) Chapter 11 bankruptcy cases pending in the U.S. Bankruptcy Court for the Northern District of Alabama.
Clarus Raises $11.5 Million From Existing Investors
Clarus Corporation announced that it has entered into an agreement with three of its top 10 investors for the sale of 900,000 registered shares of the company’s common stock at $12.75 for total proceeds of approximately $11.5 million.
Sierra Bullets To Acquire Assets Of Barnes Bullets
Clarus Corporation’s subsidiary, Sierra Bullets, LLC, will acquire certain assets relating to the Barnes Bullets brand of specialty hunting bullets in a Chapter 11 bankruptcy auction conducted by Remington Outdoor Company, Inc. and certain of its subsidiaries.
Fanatics Partners With Hokkaido Nippon-Ham Fighters
Fanatics Partners and three-time Japanese Series winners the Hokkaido Nippon-Ham Fighters announced a ten-year retail deal in one of the largest sports merchandising partnerships in Japan.
Aisle Talk Week Of September 21, 2020
The Top National stories and the Latest headlines across the Active Lifestyle Market for the week of September 21, 2020, covered in the SGB Updates — delivered to your inbox every business day.
Costco’s Q4 Profits Climb 27 Percent
Costco Inc. reported earnings rose 26.6 percent in the fourth quarter ended August 30 as sales grew 12.5 percent.
Johnson Outdoors Announces Cash Dividend Increase
David Johnson, CFO, said, “Johnson Outdoors’ balance sheet remains strong, and the dividend increase reflects our confidence in our business performance and strategic plans.”
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