IHRSA, the International Health, Racquet & Sportsclub Association, said that since Congress is moving quickly on the next rounds of stimulus relief, it has bulked up its federal lobbying power to ensure the next package provides relief for all of the country’s 40,000 health and fitness club operators.
Author: SGB Media
Bench Sold To Wraith
Bench, the British streetwear brand, has been sold to Wraith, the brand’s primary European licensee.
FESI Survey Finds Significant COVID-19 Impact On European Sporting Goods Market
A survey from The Federation of the European Sporting Goods Industry (FESI) of its members found 45 percent of the companies declaring a loss of turnover ranging between 50 percent and 90 percent since the beginning of the COVID-19 crisis.
Nordstrom Announces Additional Liquidity And Flexibility Measures
Nordstrom Inc. announced the amendment of its $800 million revolving line of credit and the closing of its 8.75 percent secured debt offering of $600 million. The company said these actions will provide additional liquidity and flexibility in response to uncertainty related to the novel coronavirus (COVID-19).
Stage Stores Seeks Vendors’ Support To Skirt Bankruptcy
Stage Stores Inc. is counting on leeway from vendors to help it avert a bankruptcy filing, according to a report from Reuters.
Lululemon’s CFO Departs
Lululemon Athletica Inc. announced that its CFO, Patrick “PJ” Guido, will depart the company, effective May 8, in order to assume a leadership position outside of the apparel industry. Guido joined Lululemon in 2018.
Gold’s Gym Permanently Closes 30 Gyms
Gold’s Gym is closing about 30 gyms across the U.S., including all locations in Alabama, St. Louis, and Colorado Springs, CO due to the impact of the novel coronavirus.
Columbia Sportswear Provides COVID-19 Update
Columbia Sportswear Co. provided an update related to the COVID-19 crisis, including which stores remain closed, the company’s capital preservation and cost-containment measures, and a statement on its financial liquidity.
Survey Finds Americans Exercising Slightly More Amid Lockdown
According to a survey from Piplsay, Americans are exercising and using fitness apps slightly more during the lockdown caused by the pandemic.
RV Dealers Association Releases COVID-19 Survey
The majority of RV dealerships responding to an RV Dealers Association (RVDA) survey are open for business, providing essential services under state and local stay-at-home orders due to the COVID-19 outbreak.
PGA Tour Announces Mid-June Return In Texas
The PGA Tour announced that it would resume its season in mid-June with a tournament in Fort Worth without spectators.
USTA Pledges $50 Million To Support U.S. Tennis
The United States Tennis Association (USTA) is set to commit more than $50 million in spending to support its sport’s ecosystem, over a multi-year, multi-phase plan response to the expected financial impact generated by the coronavirus pandemic.
NBA Partners With Microsoft On Enhancing Fan Experience
The National Basketball Association (NBA) and Microsoft Corp. announced a new multiyear alliance that is designed to transform the way fans experience the NBA.
Riddell Partners With Catapult
Riddell announced a partnership with sports science and analytics company Catapult to further integrate emerging athlete data in football. Riddell InSite, the brand’s smart helmet technology, will now integrate its impact data into Catapult’s XOS video system.
Fanatics’ Founder Launches ALL IN Challenge
Fanatics Founder and Executive Chairman Michael Rubin, shown above, launched the ALL IN Challenge, which aims to be the largest digital fundraising movement ever with a goal of raising tens of millions of dollars or more to feed those in need during the COVID-19 crisis and beyond.
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