Spalding said it remains committed to the sport of basketball despite news that its long sponsorship of the NBA as the official game ball will soon end.
Author: SGB Media
Thin Air Virtual Media Show Invites Retailers To Register
Thin Air, the new virtual trade show for the outdoor industry to be held from June 24 to 26, has opened up registration to outdoor specialty retailers.
The Big Gear Show Postpones Inaugural Event To 2021
The Big Gear Show (BGS), an outdoor industry trade show focused on hardgoods, with an emphasis on paddling, cycling, climbing, and camping gear, announced the cancellation of its inaugural event, originally planned for July 22 to 25 in Salt Lake City.
Michael Phelps Foundation Expands Children’s Mental Health Program
The Michael Phelps Foundation (MPF) and Panasonic Corporation of North America (Panasonic) announced the expansion of the IM Program offering to Boys & Girls Clubs of America through the organization’s commitment of more than $100,000 in grants to provide social-emotional curricula as children return to clubhouses across the nation.
California’s Fitness Industry Unites To Bring Jobs And Fitness Back
Members of California’s fitness industry have joined together to form the California Fitness Alliance (CFA) with the goal of safely and responsibly initiating the reopening of clubs and fitness facilities throughout the state.
Baffin, Salomon, ENDVR.io, And More Join Forces To Launch The Shop Local Project
Baffin, Salomon, ENDVR.io, and many more in the retail industry have come together to support independent specialty retailers facing COVID-19 through a not-for-profit initiative, The Shop Local Project.
Kind Bar Founder Invests In Yellow Leaf Hammocks
Daniel Lubetzky, founder of Kind snack bar, made a $1 million investment in Yellow Leaf Hammocks. The investment was revealed on the “Shark Tank” television show’s season finale, which aired on Friday.
How Ongoing ‘Evolution’ Prepared VF For Current Crisis
The ongoing evolution of VF Corp.—which began in 2017 and was elevated last year through several measures—has the Denver, CO-based well-positioned during this ongoing pandemic. CEO Steve Rendle and CFO Scott Roe discussed VF’s playbook for getting the company back on track after a hard-hit Q4.
April Retail Sales Drop Nearly Twice As Much As March
Retail sales dropped almost twice as much during April as they did in March as the nation’s economy saw its first full month when most businesses were closed because of the coronavirus pandemic, the National Retail Federation said today.
Aisle Talk Week of May 11, 2020
Top National Stories and the Latest Headlines from SGB Updates across the Active Lifestyle Market during the week of May 11, 2020.
Sequential Brands Group Sales Plummet 20 Percent In Q1
Sequential Brands Group Inc., the New York, NY-based parent of Avia, And1 and Gaiam, reported first-quarter revenue from continuing operations of $20.2 million, down 20.7 percent from the same period last year.
VF Corp.’s Q4 Sales Sink 11 Percent
VF Corp. reported revenue in the fourth quarter ended March 31 decreased 11 percent on a reported basis and fell 10 percent in constant dollars. Among key brands, currency-neutral sales were down 6 percent at Vans, 13 percent at The North Face, 18 percent at Timberland, and 2 percent at Dickies. Companywide sales and adjusted earnings both missed Wall Street’s targets.
University Of Akron Cutting Three Athletics Programs
The University of Akron said it is eliminating men’s golf, women’s tennis and men’s cross country as part of a plan to reduce 23 percent of its athletics budget.
Olin Announces Pricing Of Private Offering Of Senior Notes
Olin Corp., the parent of Winchester, announced the pricing of its previously announced private offering of $500 million aggregate principal amount of 9.5 percent senior notes due 2025.
Nike Partners With The University Of Indianapolis
The University of Indianapolis athletics department entered into a multi-year partnership with Nike through BSN Sports. The agreement, which will commence on July 1 is part of BSN Sports’ Collegiate Select program.
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