As the coronavirus has closed gyms and kept people working out at home, Beachbody announced that its Beachbody On Demand streaming platform has surpassed two million subscribers.
Author: SGB Media
NFL And Amazon Renew, Expand Streaming Partnership
The National Football League (NFL) and Amazon announced they have reached a multi-year agreement to renew their exclusive partnership to deliver a live digital stream of Thursday Night Football.
Escalade Repays $5.6 Million PPP Loan In Full
Escalade Inc., a maker of a wide range of sporting goods, announced that it repaid its outstanding loan of $5,627,500 million received from the Paycheck Protection Program.
Soccer Parents See Soccer Returning This Summer
A survey of youth soccer parents from Soccer.com, the nation’s leading soccer-specialty retailer, finds 81 percent expect youth soccer to resume in their area by August 2020. Of those, 61 percent believe youth soccer will resume in their area by July 2020.
Varsity Spirit And CaptainU Announce Partnership
Varsity Spirit, a division of Varsity Brands, announced a partnership with CaptainU, a self-managed recruiting software tool that connects high school athletes and college coaches across the country.
New Study Finds Exercise Helps Reduce Chronic Health Conditions
A study from Blue Cross Blue Shield Association (BCBSA) found individuals who consistently exercise see an 8 percent reduction in serious chronic health conditions like diabetes, a high-risk condition identified by the CDC that can lead to more serious outcomes from COVID-19.
Callaway Golf To Offer $200MM In Convertible Senior Notes
Callaway Golf said it is planning to offer $200 million in convertible senior notes that mature in 2026.
Rocky Brands Leans On Essential Businesses, E-Commerce In Q1
Two-thirds of Rocky Brands Inc.’s wholesale partners have been deemed essential during the coronavirus crisis, while the company’s own e-commerce channel has seen a spike in sales, both of which helped the company navigate an otherwise difficult first quarter.
HanesBrands Pivots To Production Of Medical Gowns
HanesBrands is using its apparel design and manufacturing expertise to produce more than 20 million medical gowns to be distributed by the U.S. Federal Emergency Management Agency to hospitals and health care facilities in need during the COVID-19 pandemic.
Garmin’s Revenues Jump Double-Digits In Q1
Garmin Ltd. reported a 12 percent increase in sales and strong operating income growth for the first quarter while withdrawing its fiscal 2020 guidance due to COVID-19 economic uncertainty. Segment sales in the quarter grew 24 percent in fitness, 22 percent in marine and 14 percent in outdoor.
VF Corp. Brands Donate Nearly $55,000 To OIA
VF Corp. announced that some of its brands, including The North Face, Timberland, Icebreaker, Smartwool, Eagle Creek and Altra, will donate 15 percent of their Outdoor Retailer Summer Market refund to Outdoor Industry Association (OIA).
Winnebago Industries Confirms Operations Will Resume In May
Winnebago Industries Inc. confirmed Wednesday that the remainder of its business divisions would resume operations in early to mid-May.
NPD: Leisure Footwear Sales Slump 15 Percent In First Quarter
U.S. sales of leisure footwear, which includes many of the industry’s athletic-lifestyle and outdoor categories, were down 15 percent in the first quarter, according to the NPD Group. Fashion footwear tumbled 24 percent and the smaller sport-specific performance footwear category declined 19 percent.
MLB Discussing Plan To Start Season In Home Cities In June
MLB is considering starting its season in late June or early July with teams playing in their home ballparks albeit with no fans., according to a USA Today report.
Shimano’s Revenues Slump 12 Percent In Q1
Shimano Inc. reported operating income decreased 22.3 percent in the first quarter as sales fell 12.3 percent.
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