Revolve Group, Inc., a fashion e-tailer aimed at Millennial and Generation Z consumers, reported sales rose 6 percent in the first quarter to $146.1 million from $137.3 million a year ago.
Author: SGB Media
Under Armour Amends Credit Agreement
Under Armour, Inc. entered into an amendment to its loan with JPMorgan Chase Bank that suspends the interest coverage covenant and lowers the debt to EBITDA ratio requirement under its leverage covenant.
Franklin Retail Solutions Hires Cathy Pryor As President
Franklin Retail Solutions, a leading provider of in-store services within major retailers in the sports, outdoor, and fitness industries, has hired Cathy Pryor as president. Pryor was an executive officer and VP of store operations at Hibbett Sports.
Moosejaw, Walmart Collaborate To Launch Two Outdoor Brands
Moosejaw, in collaboration with Walmart, is introducing two gear and apparel lines, Lithic and Allforth. The brands mark the first product collaboration between the two companies since Walmart acquired Moosejaw in 2017.
NRI Distribution Hires Marketing Manager
NRI Distribution, a third-party logistics (3PL) provider for aspirational lifestyle brands, hired Kelley Meidroth to a newly created marketing manager role. NRI also unveiled a new website and reported positive e-commerce news.
REI To Open New Store In South Carolina In August
REI plans to open a store in the BullStreet District of Columbia, SC in August. The opening had been expected in May but was delayed in response to COVID-19.
Cat Footwear Appoints Chip Coe As President
Chip Coe has been named the new global brand president of Cat Footwear, a division of Wolverine World Wide Inc.
Wilson To Replace Spalding As Official NBA Ball Maker
The National Basketball Association (NBA) announced that Wilson Sporting Goods Co. will replace Spalding as the official game ball of the NBA starting with the 2021/22 season, the league announced. Spalding began making the basketballs exclusively for the NBA starting in 1983.
L.L. Bean Reopens Bike, Boat, Hunting And Fishing Stores In Freeport
L.L. Bean has re-opened its Bike, Boat & Ski Store and its Hunting & Fishing Store in its home town of Freeport, ME. The openings are in line with guidelines provided by Maine officials that deemed bike shops, fishing supply stores, and federally licensed firearms dealers as essential retailers.
Gold’s Gym Upgrades Gold’s AMP Fitness App
Gold’s AMP, the first-ever digital personal training app from a brick & mortar gym, has revamped and launched an upgraded version for seamless user experience. The app, introduced initially by Gold’s Gym in 2017, will be available for free until May 31, 2020, to U.S. and Canada-based members and nonmembers looking for an at-home exercise option.
HitTrax To Become Available For Home Use
HitTrax Home, which utilizes the same core computer vision technology that powers the professional HitTrax model used by MLB organizations, is now available for private and residential users, according to the device’s developer, InMotion Systems.
Dorel Sports Finds ‘Silver Lining In Pandemic Cloud’
With more people now looking to ride bikes, the coronavirus has presented a unique opportunity for Dorel Sports, the owner/operator of such brands as Cannondale, Schwinn, GT and Mongoose. “There has been a silver lining in this pandemic cloud,” said Dorel President and CEO Martin Schwartz.
J&B Importers Purchases Pure Cycles
Florida-based distributor JBI, a national bicycle distribution company, has announced the acquisition of Pure Cycles, an omnichannel bike brand.
Mavic Placed Into Receivership
Mavic, the French cycling components and accessories brand that has been under the management of a turnaround firm since February, been placed into receivership at the French commercial court.
PeopleForBikes Adds 60 New Member Companies
PeopleForBikes reported that 60 bike businesses have joined the industry coalition as new members since the organization merged with the Bicycle Product Suppliers Association (BPSA) in 2019.
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