For the second year in a row, the U.S. and China trade wars top SGB Executive’s list of the Top 10 stories in the active lifestyle space.
But other major stories emerged as well including the impact of firearms on brands and retailers, changes to the trade show landscape, Modell’s brush with bankruptcy, and more.
Summersalt, a direct-to-consumer swimwear and travelwear brand based in St. Loius, has raised $17 million through a Series B funding round led by Mercato Partners.
Nationwide, 54 percent of parents plan on making New Year’s resolutions related to their child’s sports involvement this year, and of those roughly 64 percent believe they will achieve them, according to a survey from FlipGive, the team funding app.
The Michaels Companies Inc., which operates the Michaels craft retail chain, has hired Ashley Buchanan as CEO. Most recently Buchanan was chief merchandising and chief operating officer for Walmart U.S. e-commerce.
Dymatize, the athletic nutrition brand, announced the Resolve to Inspire $25,000 Gym Contest will be open for submissions. The campaign offers one independent gym owner a $25,000 business grant to improve their gym and a strategy session with Erin Oprea, celebrity fitness trainer to some of the biggest stars in country music.
Adidas will be present in the Intersport Zone at The National Running Show Birmingham in partnership with Children with Cancer UK.
Toms Shoes LLC is being taken over by its creditors from founder Blake Mycoskie and private equity firm Bain Capital as part of a debt exchange.
A U.S. District Court dismissed a lawsuit against Pop Warner over the deaths of two brothers tied to concussions.
Barneys has ended online sales as it shifts clearance sales to solely focus on its remaining stores.
Change occurred at C-suites throughout the active lifestyle industry in 2019. For another one of our “year-in-review” stories, SGB has compiled the most notable ones, including the succession at Nike Inc., where John Donahoe (pictured right) replaces Mark Parker (pictured left) as president and CEO.
The Special Olympics World Winter Games, planned for Sweden in February 2021, will no longer take place in the European nation. The reason is that the event’s organizing committee has not been able to secure sufficient funds for the Games.
Jordan Brand added Luka Dončić, the 2018-19 NBA Rookie of the Year, as its latest brand ambassador. His initial deal with Nike expired earlier in the year.
Top headlines from across the active lifestyle industry featured in SGB during the week of December 23, 2019.
2019 was filled with stories of success and failure across the active lifestyle marketplace, but—per usual for SGB Media—it was our in-depth coverage of such sporting goods retailers as Academy Sports + Outdoors, Dick’s Sporting Goods, Sportsman’s Warehouse, Bass Pro Shops, Modell’s and even the now-defunct Sports Authority that dominated our most-read list.
Amazon announced Thursday that it saw “record-breaking” sales this holiday season. The best-selling sports items in the U.S. this holiday season included Spalding NBC Street Outdoor Basketball, AmazonBasics Neoprene Dumbbell Pairs and Sets, AmazonBasics High-Density Round Foam Roller, LifeStraw Personal Water Filter, and Razor A Kick Scooter. Carhartt, Champion, Adidas and Columbia Sportswear ranked among top-selling apparel brands.
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