Snow Peak USA has opened its U.S. headquarters and retail flagship in Portland, OR “designed to build community… and ‘invite customers to ‘Dwell Outdoors Together'”.
Author: SGB Media
Skillz Set To Go Public
Skillz Inc., the esports platform, and Flying Eagle Acquisition Corp., a publicly-traded special purpose acquisition company, agreed to a business combination that will result in Skillz becoming a publicly-listed company. Skillz becomes the first esports platform to go public.
Macy’s Q2 Comps Drop 35 Percent
Macy’s, Inc. reported same-store sales in the second quarter were down 34.7 percent but were better than expected as in-store sales recovered faster-than-expected and online sales jumped 53 percent. The second-quarter loss that was was better than Wall Street’s estimates.
Fjallraven Sued Over Unpaid Rent At Boulder Store
Fjallraven has been sued by the landlord of its store in Boulder for not paying rent from April through August.
IHRSA Releases ‘2020 Health Club Consumer Report: Executive Summary’
In 2019, U.S. health club membership reached an all-time high of 64.2 million, an increase of 28 percent since 2010, according to International Health, Racquet & Sportsclub Association’s (IHRSA) 2020 Health Club Consumer Report: Executive Summary.
Bass Pro Shops and Cabela’s Recognized For Customer Service
Bass Pro Shops and Cabela’s has received national accolades for excellence in customer service, receiving “America’s Best-In-State Customer Service 2020” award from Newsweek.
361 Degrees’ Debt Ratings Downgraded
S&P Global Rating lowered its debt ratings 361 Degrees International Ltd. as it expects the Chinese sporting good company’s market position to weaken amid accelerated industry consolidation, with a dip in revenue in 2020 and 2021. Escalated competition in China’s sportswear industry is also expeced to dent the company’s profit margin.
L.L. Bean Seeing Outdoor Boost Amid Pandemic
L.L. Bean CEO Stephen Smith told CNBC’s “Squawk on the Street” that sales of bikes, kayaks and canoes have been robust in the spring and summer as outdoor activities have increased in appeal in the stay-at-home economy.
Ahead Signs Distribution Deal For Coolnes
Ahead, the golf headwear, apparel and accessories brand signed an exclusive golf distribution agreement with Coolnes, the ultraviolet-protective neck and face mask for golfers.
Gymshark Partners With Klarna On Installment Payments
Gymshark has partnered with Klarna to offer extended payments on purchases made on Gymshark.com. The partnership comes as the U.K.-based fitness apparel start-up in mid-August secured a $1.45 billion valuation in its first equity raise.
USTA Launches Initiatives Around US Open
The USTA announced plans to capitalize on opportunities throughout the US Open to drive awareness of a variety of key initiatives to promote and develop the growth of tennis throughout the country.
Headspace Appoints Chief International Officer
Headspace, the meditation and mindfulness app, appointed Jolawn Victor as the company’s chief international officer, a newly created role reporting directly to CeCe Morken, Headspace’s president and chief operating officer.
Caleres Sees 21 Percent Q2 Sales Decline In Famous Footwear
Caleres Inc. reported a 20.5 percent second-quarter sales decline in the Famous Footwear segment although comparable stores sales were up 14.7 percent during the quarter.
Shoe Carnival Sees Record Q2 On Strong Athletic Footwear Sales
Shoe Carnival Inc. reported record sales in the third quarter as same-store sales grew 12.6 percent and online sales more than tripled. Earnings were down slightly due to \higher shipping costs from elevated online sales and a shift to adult athletic sales which typically carry lower margins than non-athletic footwear.
Canadian Retailer Selected For NSGA’s Hall of Fame Induction In 2021
Eric Bezanson, the owner of Cleve’s Source for Sports stores in Canada’s Maritime provinces of Nova Scotia and New Brunswick, was selected to NSGA’s Sporting Goods Industry Hall of Fame Class of 2021.
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