Seventy-two percent of companies now anticipate that sales will not return to pre-COVID-19 numbers until 2021, and 53 percent report not until Q2 of 2021, according to the SFIA’s 3rd Edition of its monthly COVID-19 Industry Impact Report.
Author: SGB Media
Foot Locker Implements New Organizational Structure
Foot Locker Inc. announced a new organizational structure designed to elevate the customer experience. The moves include the appointment of Frank Bracken as CEO of North America, Andy Gray as chief commercial officer and Scott Martin as CEO of Asia Pacific. Lew Kimble and Jake Jacobs are retiring.
Industry Groups Hail Passage Of Great American Outdoors Act
REI, OIA, NSSF and a wide range of other industry groups hailed the passage by the U.S. House of Representatives of the Great American Outdoors Act (GAOA).
Congress Passes The Great American Outdoors Act
The U.S. House on Wednesday passed the Great American Outdoors Act by a vote of 310 to 107, guaranteeing for the first time money for land acquisition and preservation. The bill now heads to President Donald Trump, who is expected to sign it.
Nike Tops BrandZ’s Most Valuable Apparel Brands
Nike was again the top-ranked apparel brand in the 2020 BrandZ Top 100 Most Valuable Global Brands ranking released by WPP and Kantar, although Lululemon, Adidas and The North Face all saw double-digit appreciation.
Alterra Mountain Company Announces EVP & CFO
Alterra Mountain Company announced the promotion of Adam Knox as Executive Vice President and Chief Financial Officer. Knox most recently served as the Senior VP, Strategy & Corporate Development.
Comscore Finds Consumers Shifting Focus To Sports And Outdoor Activities
According to new research from Comscore, consumers are shifting discretionary spending away from typical summer travel and ticketed events and focusing instead on family-oriented outdoor activities.
A1Supplements Acquired By Gotham Cigars
A1Supplements, the online sports supplement retailer, has been acquired by Gotham Cigars. A1Supplements Founder and CEO Nick Saliba, who has worked on the business since 1997, is stepping away from his day-to-day responsibilities.
Nike Announces Leadership Changes To Support Consumer Direct Acceleration
Nike Inc. announced a series of senior leadership changes supporting the company’s Consumer Direct Acceleration (CDA). Among the changes, Amy Montagne becomes VP/GM, Men’s; Whitney Malkiel becomes VP/GM, Women’s; and McCallester Dowers becomes VP/GM, Kids. All three will report to Michael Spillane, who becomes president, Consumer Creation.
Fanatics Partners With Marshawn Lynch’s Beast Mode
NFL running back Marshawn Lynch and Fanatics announced an exclusive, multi-year deal that will see Fanatics operate an online and mobile shopping experience for Lynch’s Beast Mode apparel company.
Texworld USA, Apparel Sourcing USA Summer Virtual Sourcing Event Opens
Texworld USA, alongside Apparel Sourcing USA, has opened its 2020 summer edition virtually. Traditionally held at the Jacob K. Javits Center in New York City, the Sourcing Event of the Summer is opening to a larger audience for three days of sourcing, education and networking.
Stage Stores Starts Going-Out-of-Business Sales
Joint venture partners Gordon Brothers and Hilco Merchant Resources announced that they have started “Going-Out-of-Business” sales at 720 Stage Store locations, including Gordmans as well as Stage, Bealls, Goody’s, Palais Royal, and Peebles stores.
Everest.com Launches Celebrity Storefronts
Everest.com, the online marketplace for the shooting sports industry, announced today the launch of Celebrity Storefronts, a new component to the Everest marketplace featuring a dozen celebrity storefronts designed and published by outdoor influencers and celebrities.
Thule Sees 12 Percent Q2 Revenue Slump
Thule Group reported earnings declined 25.5 percent in the second quarter as sales were down 11.6 percent.
NFHS Issues Fall Sports Status Update
National Federation of State High School Associations (NFHS) provided an update as of July 20 of state associations that have delayed the start of the fall sports season because of COVID-19.
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