Yue Yuen Industrial (Holdings) Ltd. revenue of $4.09 billion in the first six months represents a decrease of 19.4 percent year-over-year.
Author: SGB Media
Booking Pace Softens At Southeast Destinations In July
The pent-up demand for resort vacations in Florida, Georgia and South Carolina that led to a flood of summer bookings in May and June slowed down in July as initial demand was met and a resurgence of COVID-19 cases in the region triggered a cooldown of the booking pace in the previous two months, according to DestiMetrics’ recent assessment of booking trends.
RECALL: Active Brands Bicycle Helmets
About 300 Active Brand AS Sweet Protection-branded Ripper Jr., Ripper MIPS Jr. and Ripper MIPS bicycle helmets are being recalled.
RECALL: Crown Darts UK Lawn Darts
About 19,400 darts sold in the U.S. (In addition to 4,048 sold in Canada) from Crown Darts UK are being recalled.
SquadLocker Appoints VP Of Operations
SquadLocker, the uniform and custom team gear provider, appointed Jim Day as vice president operations to support the company’s growth and expansion.
He was previously vice president of global supply chain at ’47, a sports lifestyle brand.
GymShark Secures Equity Funding
GymShark, the U.K.-based fitness apparel start-up, announced it will enter a strategic partnership with General Atlantic, a leading global growth equity firm, in its first-ever fundraise, valuing the business at over £1 billion. In conjunction with General Atlantic’s investment, Founder Ben Francis has increased his stake in the company to over 70 percent.
Retail Sales Increase 1.2 Percent In July
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.
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.
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