Best Buy To Introduce Home Exercise Equipment

Best Buy announced it will start selling a new collection of connected fitness products from exercise companies including Flywheel Sports, NormaTec,Hyperice, Hydrow and NordicTrack. The new assortment is part of the company’s commitment to helping customers use technology to live better, healthier lives.

Cherokee Global Brands Changing Name To Apex Global Brands

Cherokee Global Brands on Tuesday announced that at the end of June it will rebrand to Apex Global Brands to “appropriately reflect the company’s expanded brand portfolio and design services.” The company’s Nasdaq ticker symbol will be changed to APEX at that time.

OIA: New Data Reveals Cost Of Trade War

Outdoor Industry Association (OIA) Tuesday released the first comprehensive look at the impact of new tariffs on America’s outdoor industry at a tariff town hall event in Denver, CO, co-hosted by Tariffs Hurt the Heartland.

L.L. Bean Launches Summer Campaign

L.L.Bean is bringing its L.L.Bean Backyard Campsite to major cities across the U.S. and partnering with rideshare company Uber to support its S’more Out of Summer campaign.

S&P Downgrades Academy Sports’ Debt Ratings

Standard & Poor’s lowered its issuer credit rating on Academy Sports to ‘SD’ (selective default) from ‘CCC+’ and the issue-level ratings on the term loan facility to ‘D’ from ‘CCC+’ due to the retailer’s repurchase of debt.

OIA’s Rich Harper Speaks Out On Potential Tariffs Impact

At hearings before the U.S. Trade Representative’s Office, Rich Harper, manager of international trade, OIA, said the proposed List 4 tariffs on $300 billion worth of Chinese imports would “raise costs for outdoor companies, cut already thin profit margins, hamper innovation and new product development and depress U.S. job growth.”

Q&A With Jenny Kordick, Maine Outdoor Brands’ New Executive Director

Two years after forming, Maine Outdoor Brands (MOB)—the nonprofit that promotes the state’s outdoor assets to benefit businesses and residents alike—has appointed Jenny Kordick as its first, full-time executive director. In advance of her debut at this week’s OR, Kordick spoke with SGB about MOB and her role in helping it grow.

Hibbett Delays 10Q To Review Lease Accounting

In a regulatory filing, Hibbett Sports Inc. said it will be unable to file its quarterly report for the quarter ended May 4, 2019 with the Securities & Exchange Commission  within the prescribed time period due to the company’s need to further review its recent adoption of the Financial Accounting Standards Board’s Accounting Standards Update (ASU) regarding leases.