Remington Outdoor Company, the firearms maker, is preparing to file for bankruptcy and is in advanced talks on a sale to Navajo Nation, sources told the Wall Street Journal.
Author: SGB Media
Nike To Undergo Layoffs In Digital Push
Nike in a letter to employees warned of layoffs as the company shifts resources to invest in high-potential growth opportunities, including digital.
USA Triathlon Foundation Awards $110,000 In COVID-19 Relief Fund Grants
The USA Triathlon Foundation announced the grant recipients for the COVID-19 Relief Fund, established in April, to support members of the multisport community who have been impacted by the virus. More than $110,000 will be dispersed to 40 organizations and individuals.
ABG To Change Name Of Its Gravel, Mountain Bike Brand
American Bicycle Group (ABG) announced that it will change the name of its gravel and mountain bike, currently branded Ocoee. The name will be changed out of respect for the African American lives lost in the 1920 Ocoee (FL) Election Day lynching and burning of the community.
Deckers Brands Appoints Independent Director
Deckers Brands announced the appointment of Victor Luis to its Board of Directors. Coinciding with this appointment, Deckers also announced that James Quinn has resigned from its Board.
Kanye West Teams With Gap
Kanye West and Gap Inc. announced a 10-year plan to bring a Yeezy Gap apparel line to Gap stores and Gap.com in 2021. Yeezy footwear, made by Adidas, will not be sold at Gap stores.
Golf Rounds Played Bounce Back In May
Golf rounds in May recovered to show a year-over-year gain of 6.2 percent as golf courses reopened across the country according to Golf Datatech. For the year-to-date period, rounds played are down 8.0 percent.
Nike Doubles Down On Digital Amid Pandemic
Nike Inc., on Thursday, introduced a Consumer Direct Acceleration strategy designed to further drive digital engagement with consumers and consequently drive online growth. The program includes a heightened focus on delivering seamless experiences across channels; a realignment around Men’s, Women’s and Kid’s; and building an end-to-end technology foundation to support its digital transformation.
Digital Prowess Not Enough For Nike Against A Pandemic
Nike Inc.’s online growth took off and China resumed growth during its fourth quarter ended May 31 but both provided little ammunition to overcome the impact of store closures caused by the emergence of COVI-19.
Descente Ltd. Names New North America Distributor
Descente Ltd. is partnering with Momentum Distribution Inc. for its skiwear and accessories business in Canada and USA Territory.
Jackson Adventures Taps Taylor To Lead Sales Effort
Jackson Adventures has named Brad Taylor as VP of sales managing its global sales initiatives taking over as part of what has been a continual evolution at Jackson this past year.
Boardriders Debt Ratings Downgraded
Moody’s Investors Service changed Boardriders Inc.’s outlook to negative from stable. The outlook change reflects the significant deterioration in earnings and cash flow resulting from the disruptions caused by COVID-19.
World Gym Hires Two To C-Suite
World Gym International has appointed Lewis Stanton as chief executive officer. Jarrod Saracco has been named chief operations officer.
Amazon Buys Rights To ReName Seattle’s KeyArena To Climate Pledge Arena
Amazon announced that it has secured the naming rights to the new home of Seattle’s NHL team and WNBA’s Seattle Storm, and is calling it Climate Pledge Arena rather than the name of the company.
Ping Signs Sahith Theegala
Ping signed Sahith Theegala, winner of the 2020 Haskins Award as the best player in men’s college golf, to an endorsement contract.
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