Golf rounds in April tumbled 42.2 percent, according to Golf Datatech. Play was significantly impacted by the closures of many golf courses around the United States due to lockdowns related to the coronavirus. The steepest declines were seen in Mid Atlantic, Pacific, East North Central, and New England.
Author: SGB Media
Aisle Talk Week Of May 25, 2020
Over 60 male and female mannequins are dressed in local fashion in Lithuania’s capital, Vilnius, to coax customers back to dine in restaurants. The mannequins will have round-the-clock reserved seating in the capital’s restaurants and cafes. Plus more top National stories and the Latest Headlines from SGB Updates across the Active Lifestyle Market follows.
Slinger Bag Appoints Tom Dye As COO
Slinger Bag announced the appointment of Tom Dye as chief operating officer. He previously worked for Prince Global Sports, Wilson Sporting Goods and HazTek.
Adidas And Allbirds Collaborate To Accelerate Sustainable Footwear Design
Adidas and Allbirds announced a partnership that seeks to “open the doors to each other’s suite of sustainable innovations” in an attempt to create a shoe with the “lowest carbon footprint ever recorded.” This marks the first time in Adidas’ history in which the brand has collaborated with another footwear brand not under its umbrella.
Premier League To Return June 17
The English Premier League, the most-watched league in the world, has agreed to a provisional return on June 17. Due to COVID-19, matches will take place behind closed doors.
Nordstrom’s Q1 Revenues Sink 40 Percent
Nordstrom Inc. reported a loss of $521 million in the first quarter that included impairment charges related to store closures, premium pay and benefits and restructuring charges. The retailer said the quarter reflected actions to strengthen its financial flexibility through inventory and overhead cost reductions and position the business for the long-term through an acceleration of its strategic initiatives.
Burlington Stores Q1 Sales Decline By Half
Burlington Stores Inc. reported revenues tumbled 51 percent in the first quarter ended May 2 as all of the off-price stores closed on March 23 and remained close for the remainder of the quarter. Over 400 stores will have reopened by this weekend.
Murray State Partners With Nike, BSN Sports
Murray State Athletics announced a new multi-year partnership with Nike, serviced by BSN Sports. Murray State joins the BSN Sports Collegiate Select program benefiting all 15 sports programs.
Northland Fishing Tackle Acquires Bagley Bait Company
Northland Fishing Tackle acquired Bagley Bait Company. The acquisition will grow Northland’s line of product offerings into new markets and product lines. Along with Bagley Bait Company, designer Jarmo Rapala joins the team at Northland.
JCPenney Reopens 150 More Stores
JCPenney, which filed for bankruptcy protection on May 15, said it has reopened 150 more stores bringing the total number of locations that it has reopened during COVID-19 to 304. Nearly 500 stores should be reopened by June 3
Edible Water Bottles On Horizon To Replace Plastic
London-based start-up Notpla has created Ooho capsules, which can either be eaten in their entirety or bitten into and sipped from. Ooho’s are fully biodegradable and are a sustainable alternative to plastic bottles.
Decathlon’s Debt Ratings Affirmed By S&P Despite COVID-19 Impact
S&P Global Ratings said it expects Decathlon’s sales, earnings and cash generation “will decline sharply” in 2020 versus 2019 due to government COVID-19 lockdown measures that closed the majority of its stores. But the rating agency affirmed its ‘A-2’ short-term rating on the company as it expects the French sporting goods chain’s strong record of 10 percent to 15 percent annual growth to resume in 2022.
The 2020 Boston Marathon Has Been Canceled
The Boston Marathon has been canceled for the first time in its 124-year history. The Boston Athletic Association (B.A.A.) said Thursday that they instead will have a “virtual event” in which participants who verify that they ran 26.2 miles on their own will receive their finisher’s medal.
Foot Locker Supports Student Scholarships
For the ninth consecutive year, the Foot Locker Foundation has awarded $20,000 scholarships to 20 exceptional students.
PickUp Raises Seed Funding
PickUp, a technology platform that helps media companies make sports content more interactive, has raised initial funding in a seed round led by KB Partners, and will launch later this year.
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