Two weeks after initial letters backed by a united front of youth and local sports leaders were delivered to Congressional leadership in the United States Senate and House of Representatives, the bipartisan co-chairs of the Congressional Caucus on Youth Sports, Rep. Ron Kind (D-WI), Rep. Rodney Davis (R-IL), Rep. Marc Veasey (D-TX), and Rep. Kelly Armstrong (R-ND), are the first to join the PLAY Sports Coalition Member Sign-On Letter.
Author: SGB Media
Bogs Q1 Sales Drop 22 Percent
Weyco Group Inc. reported sales of Bogs fell 22 percent on a wholesale basis in the first quarter. Overall sales for Weyco, which also owns the Florsheim, Stacy Adams and Nunn Bush footwear brands, were down 14 percent.
Nautilus Rides Stay-At-Home Fitness Trends To Strong Q1
Nautilus Inc. reported revenue for the first quarter of $93.7 million, up 11 percent from $84.4 million in the year-ago period, driven primarily by strong demand for strength and cardio products, including its new connected-fitness bikes.
Planet Fitness’ Q1 Revenues Sink 14.5 Percent
Planet Fitness reported net earnings tumbled 67.2 percent in the first quarter as sales fell 14.5 percent. The fitness chain outlined many steps it has taken to mitigate the financial impact of COVID-19 and preserve liquidity .
Vista Outdoor Announces Additions To Board of Directors
Vista Outdoor Inc. announced the addition of two independent members, Fran Philip and Lynn Utter, to its board of directors as part of the company’s ongoing board refreshment efforts.
TIA Survey Highlights Challenges For Tennis Retailers
According to a survey from the TIA (Tennis Industry Association) of professional and specialty tennis retailers in the United States, steep sales declines were expected for March and April. Nearly 90 percent of the respondents’ stores were closed when the survey was taken.
Emerald Outlines COVID-19 Response Playbook
With many of its trade shows—including Outdoor Retailer Summer Market in June—already canceled or postponed, Emerald Holding Inc. has shifted into full pivot mode as it works to maintain liquidity through this downturn and convert some events to virtual ones.
Road Runner Sports To Host A Virtual Race
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.
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.,
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal