Apple is working on a subscription-based fitness app that could rival virtual offerings provided by Peloton and Nike, according to reports.
Author: SGB Media
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.
Leatt Corp’s Q2 Revenues Climb 32 Percent
Leatt Corp, the maker of Leatt-Brace neck protection system for all helmeted sports, reported revenues increased by 32 percent in the second quarter ended June 30, to $6.9 million.
Sequential Brands Sees 14 Percent Q2 Sales Decline
Sequential Brands Group, the New York, NY-based parent of Avia, And1, Gaiam and SPRI, reported sales declined 14.4 percent in the second quarter ended June 30.
Ralph Lauren Announces Investment In Natural Fiber Welding
Ralph Lauren Corporation announced a minority investment in Natural Fiber Welding, Inc. (NFW), a sustainable material science startup that has developed a process to reuse natural fibers – such as cotton waste – into patented, high-performance materials. As a part of the investment, Ralph Lauren will help scale NFW’s patented process and develop performance apparel made from natural, sustainable materials.
Asics Sales Drop 21.5 Percent In Half
Asics Corp. reported a loss in the six months ended June 30 as sales dropped 21.5 percent. In North America, sales were down 27.1 percent but online sales grew 151 percent in the region. In the second quarter, sales were down 30.4 percent globally and 26.5 percent in North America.
PSEB Names New Interim CEO
PSEB, the parent company of PacSun and Eddie Bauer, has appointed Mike Relich as interim CEO role, replacing Jim Gulmi.
Hurley Family Launching Apparel Line With John John Florence
Kandui Holdings LLC, founded by the Hurley family, announced plans to launch Florence Marine X, an apparel collection in collaboration with two-time world champion surfer John John Florence. The partnership comes after Kandui in early August acquired the outstanding assets and intellectual property of the Simple footwear brand.
Iconix’s Q2 Revenues Slump 35 Percent
Iconix Brand Group, Inc., the parent of Starter, Pony, Umbro, Danskin, and a number of other lifestyle brands, reported sales in the second quarter fell 35.1 percent to $22.3 million compared to $34.4 million in the prior-year quarter.
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal