With a lack of big earnings stories early in the month, the most-read SGB Media business-to-business stories in July tended to be heavily wighted toward new hires and jobs across the active lifestyle industry.
Author: SGB Media
Trump Signs Great American Outdoors Act Into Law
The Outdoor Industry Association and NSSF are both celebrating after President Trump signed the ‘Great American Outdoors Act’ into law.
Adidas AG Extends CEO’s Appointment Through July 2026
The Supervisory Board of Adidas AG has extended the appointment of CEO Kasper Rorsted by another five years until July 31, 2026.
Amer Sports Q2 Revenues Sink 36 Percent
Amer Sports’ revenues fell 36 percent in the second quarter, driving a 22 percent decline in the first half of the year, according to debt reviews from Moody’s and S&P. Bot rating agencies affirmed Amer has adequate liquidity to operate through the year and each assigned a low investment-grade rating of B3 and B- on Amer’s new €100 million facility.
Gaia’s Q2 Revenues Expand 23 Percent
Gaia, Inc., the lifestyle media company, reported revenues in the second quarter increased 23 percent to $16.2 million from $13.2 million in the year-ago quarter.
H1 Athletic Footwear And Apparel Sales Fall In Low-Teens, According To NPD
According to the NPD Group, both athletic footwear and activewear sales declined in the low-teens in the first six months of the year. In footwear, Brand Jordan, Brooks, Hoka One One, and On were among the few athletic brands showing gains. Nike performed better in apparel among the big-three brands.
Smith & Wesson Brands Sets Spinoff Date
Smith & Wesson Brands Inc. announced that its board of directors has approved the previously announced separation from Smith & Wesson Brands, Inc. of its outdoor products and accessories business into an independent, publicly-traded company.
NICS Checks Surge 123 Percent In July
The FBI completed 1.85 million gun background checks on an NSSF-adjusted basis in June, a hike of 122.5 percent compared to the June 2019 NSSF-adjusted NICS figure of 830,579. The rate builds on gains of 135.7 percent in June, 75.2 percent in May, 69.1 percent in April and 41 percent in March.
DW Sports Enters Administration
DW Sports, which operates 73 gyms and 75 stores across the U.K., said it plans to enter into administration. All of its stores will close, but DW plans to work with administrators from BDO to save as many gyms as possible.
OR Parent’s Q2 Results Marred By Event Cancellations
Emerald Holding Inc., the parent of Outdoor Retailer, Surf Expo and other trade shows, reported a steep decline in revenues in the second quarter due to event cancellations tied to COVID-19 but saw a more modest decline in earnings due to the arrival of initial claims confirmed under its event cancellation insurance policy.
Topgolf Opens Second Open-Air Venue In Chattanooga
Topgolf Entertainment Group announced its newest venue located in Chattanooga, TN will open its doors to the public on August. 7. The new venue is the second completely open-air concept from Topgolf with a third set for Waco, TX.
Hurley Family Acquires Simple Footwear Brand
Kandui Holdings LLC, founded by the Hurley family, through its new operating entity Simple Shoes LLC, has acquired the outstanding assets and intellectual property of Simple from KTSimple LLC.
Emerald Holding Announces Election Of New Preferred Stock Directors
Emerald Holding Inc., the parent of Outdoor Retailer, Surf Expo and other trade shows, announced that OPV GEM Aggregator LP, the majority holder of the outstanding shares of Series A Convertible Participating Preferred Stock of Emerald Holding, Inc., elected Lynda Clarizio and David Levin as Preferred Stock Directors to the company’s Board of Directors, effective immediately.
Nike Partners With Naomi Osaka On Program To Change Girls’ Lives Through Sport
Nike has partnered with tennis star Naomi Osaka and Laureus Sport for Good to start a new grassroots sports program, Play Academy with Naomi Osaka, designed to train and inspire girls through sport.
Therabody Announces Settlement Of Patent Infringement Lawsuits Against HyperIce And AchedAway
Therabody, formerly known as Theragun, announced that after aggressively enforcing its patent rights, it has reached settlement agreements with manufacturers and sellers of vibration massage devices, Hyper Ice, Inc. and AchedAway (Shenzhen) Technology Co. Ltd.
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