Road Runner Sports has partnered with Stride, the boutique fitness franchise that offers treadmill-based cardio and strength workouts, to host a national virtual race on June 3, which is Global Running Day.
Author: SGB Media
Embody Secures Funding
Embody, Inc., a privately-held medical device company focused on soft tissue repair, closed a $9.3 million Series A funding round. The financing will support the commercial launch of Tapestry, its next-generation soft-tissue repair technology.
OBIT: Former Emerald CEO Sally Shankland
Sally Shankland, former CEO of Outdoor Retailer and Surf Expo parent company Emerald Holding Inc., died April 20 after a battle with cancer, the company announced Monday on its earnings call.
CODI Sets Senior Unsecured Notes Offering
Compass Diversified Holdings (CODI) announced that the company intends to commence a private add-on offering of $200 million aggregate principal amount of the company’s 8.0 percent senior notes due 2026.
Johnson Outdoors Q2 Revenues Slump 8 Percent
Johnson Outdoors Inc. reported earnings were down slightly in its fiscal second quarter ended March 27 on an 8 percent revenue decline. Year-to-date revenue and net income compared favorably to the prior year fiscal six-month period.
Dakine To Shutter Hood River Offices
Dakine Equipment LLC will be reportedly closing its Hood River headquarters and reportedly moving to Torrence, CA.
Disabled Sports Merges With Adaptive Sports To Become Move United
Disabled Sports USA and Adaptive Sports USA are merging to become Move United. This new organization will lead the movement to fully include people with disabilities in American society, using sport to challenge perceptions and redefine ability for youth and adults with disabilities.
Duluth Holdings Starts To Re-Open Stores
Duluth Holdings Inc. said it re-opened 20 retail stores on Monday where COVID-19 restrictions have been lifted and is preparing to re-open the balance as other states lift their pandemic mandates. The apparel company also announced steps to shore up its liquidity.,
Firearms Background Checks Surge Again In April
The FBI completed 1.68 million gun background checks in April, a hike of 69.1 percent compared to the April 2019 NSSF-adjusted NICS figure of 992,642.
Gold’s Gym Files For Chapter 11 Bankruptcy Protection
Gold’s Gym filed for Chapter 11 bankruptcy protection Monday as the fitness chain deals with the closure of outlets across the country due to coronavirus. The filing does not involve franchise-owned gyms and the company expects to emerge from bankruptcy proceedings by August.
L.L. Bean Rolls Out Curbside Pick-Up
L.L. Bean said it is introducing curbside pickup although it’s currently only available at its flagship location in Freeport, ME.
Jim Walker Joins Athletic Republic Executive Team
Athletic Republic, a franchisor of sports performance training centers, announced that Jim Walker has joined its corporate team as the head of science, education and trainer development.
Compass Diversified Holdings Announces Common Share Offering
Compass Diversified Holdings commenced a public offering of 5 million common shares, with a 30-day option for the underwriters to purchase up to an additional 750,000 common shares.
Event Cancellations Plague Emerald’s Q1 Performance
Because of numerous event cancellations due to the COVID-19 pandemic, San Juan Capistrano, CA-based Emerald Holding Inc.—the operator of Outdoor Retailer, Surf Expo and other trade shows—reported revenue for the first quarter declined 27.4 percent to $99.7 million.
Topgolf’s Debt Rating Downgraded
Moody’s downgraded the debt ratings of Topgolf International over concerns that the coronavirus outbreak will hamper its ability to operate its venues until the spread of the virus subsides.
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