UGG, Deckers Pledge $1 Million COVID-19 Relief Efforts

Southern California-based footwear brand UGG and parent company Deckers Brands announced they have launched the “Better Together” initiative to donate more than $1 million to COVID-19 relief efforts through monetary and product donations.

Teamworks Raises $25 Million

Teamworks, the athlete engagement platform for collegiate and professional organizations, announced it has raised $25 million in Series C funding led by Delta-v Capital.

SIA’s Nick Sargent On What Lies Ahead For Snow Sports Industry

In another installment of SGB Executive’s series of interviews with industry leaders exploring how businesses are coping with the coronavirus, Nick Sargent of Snowsports Industries America dishes on these troubling times for snow sports businesses, how SIA is responding and why he’s confident the industry will come back stronger than ever.

HanesBrands Takes Actions to Navigate COVID-19 Pandemic

HanesBrands, the parent of Champion, announced that it is taking actions to navigate the global economic environment caused by the COVID-19 pandemic, including limiting discretionary spending, reducing executive pay, managing inventory, leveraging the company’s e-commerce business across the online channel, and diversifying production to include face masks.

Hylete Announces Regulation A Offering.

Hylete, Inc., the fitness lifestyle brand based in Solana Beach, CA, announced a $12 million equity raise under a Regulation A Tier 2 offering. Hylete was founded in 2012 as a direct-to-consumer brand and had 2019 net revenues of over $12.5 million.

TJX To Furlough Most Stores, Distribution Center Employees

The TJX Cos. said it will be implementing temporary furloughs after April 11 for the majority of store and distribution center associates in the U.S. after announcing plans to continue its store closures in response to the pandemic. Its top executives have agreed to salary reductions.

Life Time Launches Family-Focused On-Demand Classes

Life Time announced it has launched four family-focused classes to help keep families healthy and active together at home. The addition adds to Life Time’s on-demand fitness classes, which launched within a week of the clubs nationwide closings on March 17, getting up to 50,000 streams daily.