Garmin Ltd. announced it was the victim of a cyberattack that encrypted some of its systems on July 23, 2020. Affected systems are being restored and Garmin said it expects to return to normal operation over the next few days.
Author: SGB Media

Everest.com Appoints VP Of Business Development
Everest.com, the shooting sports and outdoor gear industry’s customer-centric, community-driven, multi-merchant marketplace announced the hiring of Chris Carlberg as Vice President of Business Development.

Under Armour Execs Receive Wells Notice From SEC Linked To Accounting Probe
Under Armour Inc. in an 8K filing Monday said Kevin Plank, founder, executive chairman and brand chief, and David Bergman, CFO, have received a “Wells Notice” from the Securities and Exchange Commission (SEC) regarding the company’s questionable accounting practices covering Q315 to Q416.

Dick’s SG Rolls Out Online BTS Campaign
Dick’s Sporting Goods has partnered with TikTok’s Nicole Laeno, actor Miles Brown and NBA Stylist Calyann Barnett on a 30-second digital spot, “Your Day Starts Here,” supporting back-to-school fashions.

Iconix Brand Group’s Debt Ratings Lowered
S&P Global Ratings downgraded the ratings of Iconix Brand Group to ‘CCC+’ from ‘B-‘ on the elevated likelihood for a debt restructuring. The outlook is negative.

Accell Group Manages Growth In First Half Despite Lockdowns
Accell Group N.V., the cycling giant based in the Netherlands, recorded a year-on-year sales growth of 53.1 percent in June, bringing first-half net sales to €676.9 million, up 4.0 percent versus last year, despite the impact of the lockdowns in March and April due to COVID-19.

Core Health & Fitness Hires Asia Pacific Sales Director
Core Health & Fitness, the maker of commercial fitness products based in Vancouver, WA, appointed Dan Codling-Wiles as head of sales in the Asia Pacific region.

Berkshire Partners Joins With Eric Roza To Acquire CrossFit
Berkshire Partners, a Boston-based investment firm, announced it has jointly entered into an agreement with technology entrepreneur and CrossFit gym Owner Eric Roza to acquire CrossFit.

Most Americans Do Not Expect Football To Happen In 2020
According to data released by The Harris Poll, only 32 percent of U.S. adults believe that an NFL season will be played in 2020. Furthermore, only 24 percent think there will be college football this year.

Academy Sports Ranks Third Among Houston’s Private Corporations
Academy Sports + Outdoors again ranked third in the Houston Chronicle’s list of the 100 Top Private Companies in Houston. Academy CEO Ken Hicks told the Chronicle, “Academy has historically performed well in those stressful times, be they the 2008 recession, (Hurricane) Harvey and COVID-19.”

Neiman Marcus To Close Four Department Store Locations
Neiman Marcus, which filed for Chapter 11 bankruptcy protection on May 7, said it is permanently closing its Hudson Yards location in Manhattan, along with two stores in Florida — Fort Lauderdale and Palm Beach — and in Bellevue, WA. The retailer also plans to close 17 Last Call outlets.

BJ’s Wholesale Club Appoints Chief Digital Officer
BJ’s Wholesale Club Holdings Inc. announced Monica Schwartz will join the company as senior vice president, chief digital officer, effective August 3. Most recently, Schwartz was vice president, online merchandising at Home Depot.

Dunham’s Sports Opens Sixth Store In West Virginia
Dunham’s Sports opened a store at Liberty Square Shopping Center at Hurricane/Teays Valley in West Virginia. The store, located at the former Elder-Beerman location, is the sixth Dunham’s Sports to open in West Virginia.

Aisle Talk Week Of July 20, 2020
The Top National stories and the Latest headlines across the Active Lifestyle Market for the week of July 13, 2020 covered in the SGB Updates — delivered to your inbox every business day.

Skechers On Path To Recovery, Led By China
Skechers Inc. reported a significant loss in the second quarter as store closures due to COVID-19 fed a sharp sales decline. However, both the loss and sales levels were better than analysts expected. Skechers officials also noted that China has returned to growth, and domestic comps were only down single digits in June.