For the ninth consecutive year, the Foot Locker Foundation has awarded $20,000 scholarships to 20 exceptional students.
Author: SGB Media
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.
Yeti Announces Pricing Of Secondary Offering
Yeti Holdings Inc. announced the pricing of an underwritten public offering of 6.07 million shares at a public offering price of $32.65 per share.
Under Armour Announces Phased Store Reopenings In North America
Under Armour announced details for the phased reopening of its owned stores in North America. The company reopened its first U.S. stores to customers on May 15, and opened additional stores last week. By this Friday, Under Armour will have welcomed customers back to nearly 50 percent of its North America stores.
Retailers Said Pandemic Risk Insurance Act Would Provide ‘Greater Reliance’ In Future Outbreaks
The National Retail Federation (NRF) welcomed the introduction of the Pandemic Risk Insurance Act, which would establish a federal program to help businesses obtain insurance coverage for pandemics modeled on a system for terrorism insurance established following 9/11.
National Women’s Soccer League Announces Return To Play
The National Women’s Soccer League (NWSL) will return on June 27 with a 25-game tournament, becoming the first United States sports league to return to play.
Peloton Teams With ESPN For First Ever Pro-Athlete All-Star Ride
ESPN will air Peloton’s first-ever All-Star Ride on Saturday, May 30, featuring 16 pro-athlete participants (eight men and eight women) from across the sports landscape, all of whom are current Peloton members. If the participating pro athletes collectively reach an output of 3,000, Peloton will donate one million meals to the Food Bank for New York City.
Fort Worth, Lake Ray Roberts Poised To Host First Bassmaster Classic
For just the third time in the event’s history, the 2021 Academy Sports + Outdoors Bassmaster Classic will be coming to Texas as Fort Worth hosts the event for the first time.
Hibbett Sports To Open Second Location In Winston-Salem
Hibbett Sports announced a new location will soon be opening in Winston-Salem, its 56th store in North Carolina.
5.11 Reopens Retail Stores
5.11, Inc., the maker of technical apparel, footwear and gear, announced it is gradually reopening its U.S.-based retail stores in light of the restriction lifts surrounding COVID-19.
Burton U.S. Open Canceled
Burton Snowboards announced that due to ongoing uncertainties around COVID-19, the company has made the difficult decision to cancel the 2021 Burton U.S. Open Snowboarding Championships, which was slated to take place March 1 to 6, 2021 at Vail Mountain Resort in Vail, CO.
Big 5 Posts Q1 Loss, Sees May Sales Recovering
Big 5 Sporting Goods Corp. reported a loss in the first quarter ended March 30 that came in line with projections provided in late February and said April’s comps tumbled 39 percent due to store closures tied to the pandemic. However, May’s sales and merchandising margins are seeing an uptick as stores reopen.
American Outdoor Brands Prepares For Spin-Off With Name And Stock Ticker Symbol Change
American Outdoor Brands Corp. announced that it will change its name to Smith & Wesson Brands Inc., effective June 1. The change reflects the company’s preparation for the previously announced spin-off of its outdoor products and accessories business as a tax-free stock distribution to its stockholders.
Nike Announces Retirement Of John Thompson From Board
Nike Inc. announced that John Thompson, Jr., a director of the company since 1991 and legendary coach of the Georgetown University men’s basketball team, has decided to retire.
Golf Retailing Recovering
As the percentage of golf retail stores open to foot traffic continues to increase, a growing number of golfers indicate their concern for visiting physical store locations is subsiding, according to the National Golf Foundation’s latest industry-wide surveys.
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