The Adventure Travel Trade Association (ATTA) said that starting in January 2020, members can take advantage of buying carbon offset credits in bulk. The bulk purchase program, called Neutral Together, is the first of its kind available to the adventure travel industry.
Author: SGB Media
The Clash Sues Wilson Over Its ‘Clash’ Tennis Rackets
The Clash, the legendary punk band from the ’70s, filed a lawsuit against Wilson Sporting Goods over tennis rackets it says bears The Clash name.
PHIT America Gets Multi-Million Dollar Commitment
PHIT America said Julia Love Pritt Private Foundation has become its first Presenting Sponsor who will help further achieve its goal of getting millions of more kids physically active and playing sports.
Varsity Brands’ Debt Ratings Lowered
Standard & Poors lowered the debt ratings of Varsity Brands, the parent of BSN Sports, Varsity Spirit and Herff Jones. The rating agency said the company continues to perform below its expectations due to high operating expenses, resulting in weaker-than-expected profitability and adjusted leverage above 10 times.
How Will Vail’s Latest Move Impact Ski Industry?
Vail Resorts Inc. officially expanded its empire Tuesday when the Broomfield, CO-based ski area owner and operator closed on its previously announced $264 million acquisition of Peak Resorts Inc. But what impact will Vail’s latest expansion have on the ski and snowboard industry? SGB takes a look.
Sports Studies Roundup
Recent sports studies find physical fitness linked to better brain function, team sports possibly helping traumatized kids heal and winning teams providing a short-term self-esteem boost to fans. Other studies explored the risks of sports specialization and concussions for girls.
Schuylkill Valley Sports Partners With PA-Wrestling.com And Asics
Schuylkill Valley Sports has become the official retail partner of PA-Wrestling.com and is partnering with Asics to provide wrestling shoes, equipment, special deals, and offers throughout the year.
Nike’s Q1 Blows Past Estimates
Nike Inc. reported earnings in the first quarter ended August 31 rose 25.2 percent and easily surpassed Wall Street’s targets. Currency-neutral sales grew 10 percent, led by a 27 percent jump in China and low-teens gains in both the EMEA and APLA regions. North America’s sales grew 4 percent.
Vail Resorts Closes Acquisition of Peak Resorts
Vail Resorts Inc. on Tuesday announced that the company has closed on its acquisition of Peak Resorts Inc. for a purchase price of $11 per share, or roughly $264 million.
China’s Topsports Seeks To Raise Up To $1.2 Billion in IPO
Topsports International Holdings Ltd, the sportswear business of Chinese footwear retailer Belle International, launched a Hong Kong initial public offering (IPO) to raise up to $1.2 billion, according to Reuters.
Nearly All U.S. Adults Want to Protect Natural Resources
Nearly all U.S. adults (93 percent) believe it is important to protect natural resources, including fresh air and clean water, through the acquisition and maintenance of local parks, trails and green spaces, according to a newly released report from the National Recreation and Park Association (NRPA).
Wahoo Acquires Speedplay
Wahoo, the provider of connected fitness devices, announced its acquisition of Speedplay, the pedal brand found on the bikes of athletes such as Tour de France winner Sir Bradley Wiggins, two-time Ironman World Champion Jan Frodeno, and two-time Time Trial World Champion Kristin Armstrong.
YogaClub Attains Funding
YogaClub, a size-inclusive activewear subscription service for women based in El Segundo, CA, secured a credit facility of $2 million from Garden City, NY-based Craft Capital Management.
Mayfield Athletics Earns Patent For Facemask Clip Design
Mayfield Athletics, a Michigan-based sports equipment company, earned a patent for its flagship product, S.A.F.E.Clip, a facemask clip proven to reduce impact to the head by up to 35 percent for football players. The company recently announced a second patent is currently pending for its Generation 2 design.
Ninja Nation Launches Global Franchise Program
Ninja Nation, a leading provider of obstacle course arenas, formally launched its global franchise program. In announcing ambitious growth plans, company leadership set a goal of creating One Million Heroes – children and adults bettering themselves physically and mentally through unique and ever-changing Ninja Nation obstacle courses.
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