The report finds that the majority of coastal states are not prepared for climate change impacts.
Author: SGB Media
Sports Inc. And OrderMyGear Partner To Broaden E-Commerce For Team Dealers
OrderMyGear, the e-commerce platform for the team dealer market, and Sports, Inc., the sporting goods buying group, announced a technology partnership. The investment Sports, Inc. is making into technology will allow team dealers to receive additional access to pre-released OrderMyGear product features and discounts on various services to provide a more robust e-commerce solution for team dealers.
Conspiracy Charges Dropped In Michael Avenatti Nike Case
Federal prosecutors on Wednesday dropped two counts of conspiracy against Michael Avenatti from the case, which was first made public in March, according to a superseding indictment filed in federal court in Manhattan.
Yue Yuen’s Sales Expand 5 Percent In Nine Months
Yue Yuen reported earnings in the nine months rose 12.1 percent on a 5.1 percent revenue gain.
Decathlon Set to Open New Store In San Francisco
Decathlon is set to open its newest brick-and-mortar store in the Bay Area. The new store — located in the Potrero Center shopping mall at the corner of 16th Street and Bryant Street — was the original location of Seals Stadium, which was the first home of the San Francisco Giants.
Adidas Renews Deal With Spanish FA
The Spanish FA (RFEF) confirmed a new kit deal with Adidas to remain as the official kit supplier for the Spanish national team. The new contract extends until December 2030.
Under Armour’s Debt Ratings Affirmed
Standard & Poors (S&P) affirmed the debt ratings of Under Armour as the firm’s credit metrics have improved as a result of reduced restructuring costs, driving EBITDA margin expansion and higher cash flow generation. The agency did note that the potential ratings impact of the recently revealed accounting investigation by the Securities and Exchange Commission (SEC) and Department of Justice (DOJ) is uncertain
American Outdoor Brands To Spin Off Outdoor Products Division
American Outdoor Brands Corp. on Wednesday announced that its board of directors has unanimously approved proceeding with a plan to spin-off its outdoor products and accessories business as a tax-free stock dividend to its stockholders.
Canada Goose Shares Sink On Fears Over Hong Kong Disruption
Despite Canada Goose Holdings Inc.’s upbeat second quarter—which included revenues doubling in Asia—its shares tumbled $4.22, or 10.8 percent, to $34.82 at market close Wednesday on the news that political turmoil in Hong Kong is disrupting the company’s operations and sales.
Alterra Mountain Company To Acquire Sugarbush Resort In Vermont
Alterra Mountain Co. on Wednesday announced that it has entered into an agreement to purchase Sugarbush Resort in Vermont, which will bring the company’s total to 15 year-round mountain destinations throughout North America, including the world’s largest heli-skiing operation. Financial terms of the deal weren’t disclosed.
Asics Selects Start-Ups For Asics Tenkan-Ten Accelerator Program
Asics announced five growth-stage start-ups selected from around the world to be part of the global Asics Tenkan-Ten accelerator program. Applications for the program increased by over 60 percent in 2019 and were submitted by start-ups from 38 countries.
USA Cycling Launches New Storytelling Platform For Members
USA Cycling published the first three stories on their newly launched storytelling platform, In Our Own Words. The platform was created to give USA Cycling members a place to share their experiences, passions and interests in their own words – a space to talk about the things that are important to them.
Eight Sleep Secures $40M Investment
Sleep fitness company Eight Sleep has raised $40 million in funding led by Founders Fund with participation from other investors that included Craft Ventures, Khosla Ventures, Y Combinator, 8VC, Flexport founder Ryan Petersen, and Eventbrite co-founder and chairman Kevin Hartz.
Hype and Vice Secures Funding
Hype and Vice (H&V), a Los Angeles-based startup making college licensed apparel for women, has raised $1.5 million in a seed round led by Founders Fund’s Delian Asparouhov.
Whoop Raises $55M in Series D Funding
Whoop, a Boston, MA-based human performance company, closed a $55 million Series D equity and debt funding round.
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