Boardriders Inc., the parent of Billabong, Roxy, Quiksilver, DC Shoes, RVCA and Element, announced that it is launching a multi-prong relief effort to support communities impacted by the Australia bushfire crisis.
Author: SGB Media
ClassPass Raises $285 Million To Accelerate International Growth
ClassPass, the fitness membership subscription service, announced the close of a $285 million Series E investment. The round, which was led by L Catterton and Apax Digital, with additional participation by existing investor Temasek, follows the successful expansion by ClassPass into 28 countries and the signing of more than 1,000 leading employers into its corporate wellness program.
PVH Announces $100,000 Contribution To Australian Bushfire Relief
PVH Corp. announced a $100,000 AUD contribution to the Australian Red Cross Disaster and Recovery Fund.
Macy’s Reports Slight Decline In Holiday Sales
Macy’s Inc. announced comparable sales results for the months of November and December 2019 were down 0.7 percent on an owned basis in the November/December holiday period. Said Jeff Gennette, chairman and CEO, “Macy’s, Inc.’s performance during the holiday season reflected a strong trend improvement from the third quarter.”
Macy’s Closing 15 Stores
Macy’s is closing at least 15 stores in early 2020, according to reports.
BSN Sports Acquires Wayne Sporting Goods
BSN Sports, a division of Varsity Brands, on Tuesday announced that it has acquired the team sports business of Wayne Sporting Goods, based in Wayne, PA. Financial terms of the deal weren’t disclosed.
Brooks Running Extends Partnership With P3R
Brooks will continue to showcase their expertise as the official Apparel and Footwear Provider for all of P3R’s races, including (but not limited to) the Dick’s Sporting Goods Pittsburgh Marathon weekend of events, Fleet Feet Liberty Mile, EQT Pittsburgh 10 Miler, GAP Relay presented by UPMC Health Plan, and the FlyBy 5K presented by CNX Resources.
Velocity Outdoor Appoints Nick Andrews VP, Marketing
Velocity Outdoor announced that Nick Andrews is joining the company as vice president of marketing.
Marolina Outdoor Announces Key Additions
Marolina Outdoor Inc. announced Pete Angle as chief marketing officer of Marolina and Eric Young as national sales manager of Nomad.
Hockey Canada, TSN, RDS Announce Long-Term Media Rights Extension
TSN, RDS and Hockey Canada on Tuesday announced a long-term media rights agreement that extends through the 2033-34 season, continuing their long-standing partnership that dates back to 1991.
Under Armour Appoints Chief Accounting Officer
Under Armour hired a chief accounting officer accounting and corporate controller on November 25, three weeks after publicly confirming that its accounting practices are being investigated by the federal government, according to a report in the Baltimore Business Journal.
Active Lifestyle Market 2020 Vision … Part Two
The Editors from SGB Executive present the second installment of SGB’s Annual Survey that gauges what the leaders in the active lifestyle market are projecting for 2020. Comments from Oboz, Vibram, Gore, Salomon and more.
Under Armour Shares Sink On Growth Concerns
Shares of Under Armour dropped $1.41, or 6.5 percent, to $20.44 Monday after J.P. Morgan resumed coverage of the company with a “neutral” rating and lowered its revenue estimates for fiscal 2020 on continued struggles in North America.
Nike, Liverpool FC Announce Multi-Year Partnership
Nike Inc. will become Liverpool Football Club’s official kit provider beginning in the 2020-21 season as the company and club announced a multi-year agreement Tuesday.
Town Sports Acquires Flywheel Sports
Town Sports International Holdings Inc., one of the largest owners and operators of fitness clubs in the Northeast, agreed to acquire the studio business of Flywheel Sports Inc.
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