Igloo announced that Andrew Perlmutter will join Igloo Product Corp.’s Board of Directors. Known in the pop culture world as a brand builder, Perlmutter joins the brand with decades of expertise and is aligned to guide Igloo’s strategic initiatives for the Playmate collection through licensing and partnerships.
Author: SGB Media
Nike Eyes 500 Layoffs At Oregon HQ
Nike announced layoffs that will eliminate at least 500 jobs at the company’s world headquarters in Oregon, according to the state of Oregon’s Worker Adjustment and Retraining Notification website.
Planet Fitness Posts Q2 Loss As Revenues Fall 78 Percent
Planet Fitness, Inc. reported total revenue decreased 77.9 percent to $40.2 million in the second quarter ended June 30, compared to the prior-year period. The net loss attributable to Planet Fitness, Inc. was $29.2 million, compared to net income of $34.8 million in the prior-year period.
Boot Barn Gets E-Comm Lift in Fiscal Q1 To Partially Offset Retail Store Decline
Boot Barn Holdings, Inc. reported that net sales decreased 20.5 percent to $147.8 million in the first fiscal quarter ended June 27. Same-store sales decreased 14.9 percent, comprised of a 27.1 percent decrease in retail store same-store sales and a 51.9 percent increase in e-commerce sales.
ATTA Sees U.S. Packaged Adventure Travel Bouncing Back Faster Than Other Travel
The U.S. Adventure Traveler Sentiment June/July 2020 report revealed that U.S. consumers of ATTA adventure tour operators are expected to resume near pre-COVID-19 level travel spending in 2021, spending an estimated 7 percent less than their 2019 travel expenditure.
Weyco Group Posts Q2 Loss As Sales Fall 72 Percent
Weyco Group, Inc. reported that net sales were $16.7 million for the second quarter ended June 30, down approximately 72 percent compared to $60.5 million in the year-ago quarter. Diluted loss per share was 91 cents in Q2 compared to diluted earnings per share of 15 cents in Q2 last year.
SGB Media Reports Most Read Stories for July 2020
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.
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.
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