World Gym International has appointed Lewis Stanton as chief executive officer. Jarrod Saracco has been named chief operations officer.
Author: SGB Media
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.
GOB Sale Resumes At 107 Modell’s Locations
Modell’s Sporting Goods has resumed going-out-of-business sales at 107 of its remaining stores, beginning immediately.
Nike Reports $790 Million Quarterly Loss
Nike Inc. reported a loss of $790 million, or 51 cents a share, in the fourth quarter ended May 31, driven by lower revenue and gross margin as a result of the COVID-19 impact on operations, partially offset by lower selling and administrative expenses. Sales decreased 38 percent to $6.3 billion.
Macy’s Announces Restructuring To Address Sales Impact From The Pandemic
Macy’s Inc. announced it will reduce corporate and management headcount by approximately 3,900 as part of a restructuring to align its cost base with anticipated near-term sales as the business recovers from the impact of the COVID-19 pandemic.
Iconix Agrees To Sell Starter China
Iconix Brand Group Inc. said in a regulatory that it agreed to sell Starter China Limited for $16.0 million. The Starter China sale includes the sale of the Starter brand in the mainland of China, Hong Kong, Taiwan and Macau.
Canada Goose Artist In Residence Program Moves To London
Canada Goose has been hosting a global Artist In Residence program to celebrate its stores reopening. The latest artists work to be showcased is in London and will be on view June 26.
IHRSA Releases Four-Pronged Framework Guiding Gym Re-Openings
IHRSA (International Health, Racquet & Sportsclub Association) detailed the Four-Pronged Framework clubs are using to plan safe reopening protocols while working with local health boards.
Davidson’s Adds D&H Tactical
Davidson’s, one of the nation’s top firearms wholesalers based on Prescott, AZ, has added firearms magazines from D&H Tactical to its product line. D&H Tactical is a division of D&H Industries.
St. Croix Rods Taps Sherman Sales Team For West Coast
St. Croix Rod, the family-owned fishing rod company based in Park Falls, WI, hired the Sherman Sales Team to lead its West Coast sales efforts.
Exxel Outdoors Names Vice President Of Key Accounts
Ken Ross has joined Exxel Outdoors as Vice President of Key Accounts, announced Harry Kazazian, Chairman and CEO of the company.
Green Room Wins Best Use Of Experiential Tech At 2020 Campaign Tech Awards
Brand and retail design consultancy Green Room won this year’s 2020 Campaign Tech Award by showcasing their partnership with Puma. The award was for Best Use of Experiential Tech in the design, development and building of the brand’s industry-first, multi-sensory, immersive digital Skill Cube experience created for the opening of Puma’s 5th Avenue, NYC flagship store.
Planet Fitness Sees Market Share Opportunities Post-Pandemic
Speaking at the 2020 Jefferies Virtual Consumer Conference, Christopher Rondeau, CEO, Planet Fitness, said gym visits continue to improve with member workouts at almost 80 percent to 85 percent year-ago levels, but he sees ongoing challenges continuing and expects pressures will create sizeable market share opportunities for Planet Fitness.
Hibbett Sports Opens Winston-Salem Store
Hibbett Sports announced the opening of the newest Winston-Salem, NC store located at 1223 Silas Creek Parkway in Parkway Plaza.
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