4iiii Innovations Inc., the Canadian-based maker of cycling power meters, heart rate monitors, and cycling trainers, welcomed Phil White as its acting president. White was the co-founder of Cervélo Cycles.
Author: SGB Media
Equinox Holdings’ Debt Rating Lowered
S&P Global Ratings lowered the debt rating of Equinox Holdings Inc. following the fitness club operator’s closing on an amendment to its partial guarantee on the credit facility of its affiliate company SoulCycle Inc. that will allow it to defer its required repurchase of the affiliate’s debt to February 2021. S&P said it views the move as tantamount to a default.
Decathlon Introduces Scan & Go In Germany
Decathlon, the world’s largest sporting goods retailer, announced it is rolling out a mobile self-checkout solution across its 81 German stores.
Vans Gives Back With An Appreciation Discount
Vans will be extending its give-back program and offering a 30 percent discount to all first responders in the United States to thank them for their dedication and bravery in the fight against COVID-19.
Report: Orlando/Disney World Seen As Frontrunner For NBA’s Return
Orlando’s Walt Disney World has reportedly emerged as a front-runner to host NBA games if the 2019-20 season resumes this summer. Las Vegas also remains an option.
Shoe Carnival’s Q1 Revenues Drop 42 Percent
Shoe Carnival Inc. reported a loss of $16.2 million in the first quarter. Revenues fell 41.9 percent as the impact of substantially all stores being closed for approximately 50 percent of the quarter was only partially offset by increased e-commerce sales. As of May 5, over 50 percent of the off-pricer’s stores had re-opened.
DePaul University Extends Partnership With Nike and BSN Sports
DePaul University announced that it has entered into a multi-year partnership with Nike through BSN Sports to continue to make Nike the official apparel of DePaul Athletics.
Survey: 50 Percent Of Parents Fear Kids Will Get Sick By Returning To Sports
While most parents of children who participate in organized sports look forward to a return to play, approximately half fear they or their child will get sick from such activity when restrictions are lifted due to the coronavirus pandemic, according to a survey from North Carolina State University, in partnership with the Aspen Institute’s Project Play, Utah State University and George Mason University.
Eric O’Toole Becomes President North America, Edgewell Personal Care
Eric O’Toole, most recently general manager of Walmart’s Sports & Fitness e-commerce division, has been appointed president North America, Edgewell Personal Care Company.
Play Sports Coalition Applauds ‘Youth Sports And Working Families Relief Act’
Congressman Max Rose (D-NY) has introduced the COVID-19 Youth Sports and Working Families Relief Act (H.R.6912) to Congress, legislation that addresses the mission of the Play Sports Coalition to ensure the institutions connected to youth and local sports survive and thrive coming out of this pandemic.
Run Specialty Channel Facing ‘Slow Burn Back To Normalcy’
As the country enters this next phase of the COVID-19 crisis, the run specialty channel is facing a particularly hard slog with many brands and retailers unlikely to keep pace if the economy reopens too slowly. The latest survey from the Running Industry Association (RIA) highlighted just how bad things are—and how much worse they could get.
PGA Shows Cancels In-Person PGA Fashion & Demo Experience
After careful consideration and with guidance from health authorities and industry stakeholders, the PGA Fashion & Demo Experience, originally scheduled for August 18-19, 2020, at the Venetian Resort Las Vegas, will instead facilitate business connections through a series of digital programs starting in June with additional online offerings continuing throughout 2020.
Golf Retail Store Openings Jump To 75 Percent
The percentage of off-course golf specialty stores open to foot traffic jumped from 61 percent to 75 percent last week in the National Golf Foundation’s latest industry-wide surveys. On-course pro shops are following close behind with 63 percent now open, up from 52 percent the prior week.
NFHS Releases Guide For Returning To High School Sports
The National Federation of State High School Associations (NFHS) has released guidance for its 51 member state high school associations to consider in re-opening high school athletics and other activity programs across the nation. Higher-risk sports such as football and wrestling were seen presenting more of a concern for transmission of the virus than lower-risk sports like individual running events and golf.
Target’s Same-Store Sales Grew 10.8 Percent
Target Corp. reported first-quarter comparable sales grew 10.8 percent, driven by a 12.5 percent increase in average basket, as guests made fewer, bigger shopping trips. Store comparable sales increased 0.9 percent. Digital comparable sales grew 141 percent. Profits slumped 64 percent due to incremental pay and investments in safety measures.
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