The U.S. Census Bureau reported overall retail sales during July were up 1.2 percent seasonally adjusted from June and up 2.7 percent year-over-year. The July gain over June was lower than the 1.9 percent expected by economists, according to Reuters.
Author: SGB Media
ORR Welcomes New Member Professional TrailBuilders Association
Outdoor Recreation Roundtable (ORR) welcomed its 32nd member, the Professional TrailBuilders Association.
Fanatics Receives $6 Billion Valuation In Latest Funding Round
Fanatics raised $350 million in a Series E funding round, valuing the sports fan online retail giant at $6.2 billion, up from $4.5 billion in its last funding round, according to reports.
SIA Appoints Director Of Strategic Alliances And Membership
Snowsports Industries America (SIA) announced that it has named Stefanie Luciano as its new Director of Strategic Alliances and Membership.
IHRSA’s Board Chair Resigns
Jason Reinhardt, chair of the IHRSA Board of Directors, has announced that effective immediately, he would be stepping down as chair and as a board member.
USA Triathlon Launches “Power Within” Campaign
USA Triathlon unveiled its Power Within campaign, a marketing initiative designed to reposition the sport of triathlon by addressing its challenges head-on, galvanizing the multisport community and inspiring new audiences to engage.
Revolve Group Posts Profit Against Loss In Q2
Revolve Group, the online fashion retailer, reported sales slid 11.8 percent in the second quarter to $142.8 million from $161.8 million a year ago.
Report: Apple Working On Subscription Fitness App
Apple is working on a subscription-based fitness app that could rival virtual offerings provided by Peloton and Nike, according to reports.
Athleta CEO Joins Impossible Foods’ Board
Impossible Foods Inc., the plant-based meat start-up, announced that Mary Beth Laughton, the president and CEO of Athleta, has joined its board of directors.
Bass Pro Shops And Cabela’s Reward Store Associates With Bonuses Up To $1,000
Bass Pro Shops and Cabela’s have issued companywide bonuses for its hourly frontline retail, distribution center and manufacturing plant team of $250, $500, $750, or $1,000 based on job role and seniority, representing a multimillion-dollar investment to reward its Outfitters and employees for their efforts amid the pandemic.
Dillard’s Q2 Revenues Decline 35 Percent
Dillard’s Inc. reported total retail sales for the 13-week periods ended August 1 fell 35.2 percent to $893.2 million from $1.38 billion a year ago.
Outdoor Retailer Parent Announces Closing Of Backstop Sale
Emerald Holding Inc., the parent of Outdoor Retailer, Surf Expo and other trade shows, announced the completion of its previously announced issuance and sale of 22.66 million shares of its 7 percent series A convertible participating preferred stock to an affiliate of Onex Partners V LP.
Division III Presidents Council Cancels Fall Championships
NCAA Division III championships in fall sports for 2020/21 are canceled. With the health and safety of the division’s student-athletes, coaches, athletics administrators, and communities as its priority, the Division III Presidents Council made the decision to cancel the championships due to COVID-19 and related administrative and financial challenges.
SFIA: Strong Fitness Participation Growth Reported Prior To Pandemic
The Sports & Fitness Industry Association released its 2020 Tracking the Fitness Movement Report presenting a deep dive into the fitness industry and consumer trends across the United States. In 2019, participation increased 2.9 percent and individuals took part, on average, in about four fitness activities throughout the year.
Five Iron Golf To Open Manhattan Flagship
Five Iron Golf, the indoor golf and entertainment company founded in 2017 in New York City, announced plans to open a flagship location in Manhattan this fall.
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