Gaia Inc., the health and wellness media company, closed on the sale of the portion of its corporate headquarters that it was not occupying to a strategic real estate investor today. Gaia will still retain full ownership of its studio and production facilities.
Author: SGB Media
NPD Expects Historic Holiday For U.S. Consumer Technology Sales
According to NPD’s Future of Tech report, Q4 2020 will see historic growth in technology sales of 18 percent compared to Q4 2019, which saw 4 percent growth compared to Q4 2018.
The Pro’s Closet Closes $12M Growth Investment
The Pro’s Closet, the pre-owned cycling brand, has raised $12 million in funding led by Foundry Group and Edison Partners. Ridgeline Ventures and existing private investors also joined the round. The latest round of funding brings total investment in The Pro’s Closet to more than $27 million.
Wattbike Secures Investment
Wattbike, the smart indoor bike, has secured an investment of £11.5 million ($15 mm) from Piper, the investment firm.
CODI Invests In Rational Packaging
Compass Diversified Holdings (CODI), the parent of 5.11, Liberty Safe, Marucci Sports and Velocity Outdoor, said its Foam Fabricators business has made a strategic investment in Rational Packaging, LLC, a designer and manufacturer of recyclable, paperboard-based structural packaging components.
Hoka Signs Sponsorship Agreement With NAZ Elite
The new four-year agreement will begin January 1, 2021, spans two Olympic cycles, and is intended to increase not only the personal level of support for each of the club’s individual athletes but the club’s overall infrastructure as well.
Inside The Call: Lululemon CEO Cautiously Optimistic About Back Half Business
Lululemon has been a Wall Street darling during the pandemic but second quarter results hardly set the world on fire during the fiscal second quarter ended August 2 and the company’s earnings call left analysts yearning for more in back half outlook.
SidelineSwap Partners With Perani’s Hockey World
SidelineSwap, the online marketplace for sporting goods, announced the launch of its first resale program in partnership with Perani’s Hockey World.
G-III Apparel’s Sales Tumble 54 Percent In Second Quarter
G-III Apparel Group, Ltd. reported sales declined 53.8 percent in the second quarter and warned that sales are expected to decline in the range of 28 percent to 33 percent in the second half.
Neil Fiske Joins Marquee Brands As CEO
Marquee Brands LLC appointed Neil Fiske as its first chief executive officer of Marquee Brands LLC. Fiske was most recently chief executive officer of the GAP brand and formerly led Billabong and Eddie Bauer.
Senior Nike Brand Director Joins Teespring
Teespring, the social commerce platform, has appointed Les Green, who formerly helped spearhead Nike’s NikeiD efforts, as VP of marketing.
Under Armour Expands Restructuring Efforts, To Lay Off 600 Overall
In a regulatory filing, Under Armour said its Board of Directors on September 2 approved a $75 million increase in its 2020 restructuring plan and indicated that it plans to lay off 600 employees as part of its overall 2020 restructuring plan.
JD Sports’ U.S. Sales Boosted By Federal Stimulus
JD Sports’ U.S. segment, including The Finish Line and its initial JD Sports locations in the U.S., saw sharp gains in profits on strong sales in the first half. The improvement was attributed to a “temporary government stimulus driving a material, but temporary, impact on performance.”
Pentland Brands Promotes Chirag Patel To CEO; Makes Executive Team Changes
Pentland Brands Limited announced changes to its executive team. The changes include Chirag Patel becoming chief executive officer, having previously served as deputy chief executive officer.
Burghardt Sporting Goods Partners To Build Rec Center In New Berlin
The City of New Berlin, WI announced that it has officially partnered with Burghardt Sporting Goods on the acquisition and re-use of the former Walmart building within the City Center area of New Berlin. Burghardt Sporting Goods will move its headquarters to the space.
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