Nautilus Inc. reported first-quarter sales rose 11 percent and earnings exceeded expectations although it said it will no longer be providing guidance for the year as the “longer-term impacts of COVID-19 are highly uncertain and cannot be predicted with confidence.”
Author: SGB Media
Nike, Lululemon Make Strides In Piper Sandler Teen Survey
Nike and Lululemon each made gains as preferred brands among Generation Z in Piper Sandler Cos.’ 39th semi-annual Taking Stock With Teens survey, released Wednesday.
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.
Utah Companies Partner To Produce Face Shields For Health Care Workers
Four Utah-based companies—DPS Skis, Goal Zero, Petzl and Eastman Machine Co.—have joined forces to manufacture medical-grade reusable polycarbonate face shields for the Utah Department of Health.
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.
Headspace Appoints CeCe Morken President And Chief Operating Officer
Headspace, a leading meditation and mindfulness app, announced that CeCe Morken has been appointed to the newly-created role of president and chief operating officer (COO), effective April 15.
Puma Reopens First Location In Wuhan, China
Puma has re-opened its store in Wuhan, China, the city where the coronavirus was first reported. The company plans to re-open its five other stores in the greater Wuhan region by mid-April.
TRX To Provide Professional Education Course Virtually For Free
TRX, the maker of functional training equipment and training content, announced its professional education course — TRX Suspension Training Course (STC) — will be available virtually, and free of charge, in response to the current global climate amid COVID-19.
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.
Dick’s Sporting Goods Furloughing ‘Significant Number’ Of Employees
Dick’s Sporting Goods said it will furlough “a significant number” of employees at its stores, distribution centers and corporate headquarters starting Saturday “due to the uncertainty surrounding the length of its store closures.”
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.
NBA Doesn’t See Decision On League Resumption Until At Least May
NBA Commissioner Adam Silver said Monday night that the decision on whether the league can resume won’t happen until May 1 at the earliest.
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.
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