Nautilus, Inc. entered into a definitive securities purchase agreement with a certain institutional investor for the purchase and sale of 4.1 million shares of the company’s common stock at a purchase price of $1.22 per share.
Author: SGB Media
Beachbody Hires Executive Chairman
The Beachbody Company, Inc. hired Mark Goldston to the newly formed role of executive chairman of its Board of Directors. In this role, Goldston will partner with company co-founder and CEO Carl Daikeler to guide the company’s transformation, drive profitability and leverage its assets to drive growth.
Outdoor Product Sales A Reflection Of Shifting Post-Pandemic Lifestyle Trends
Sales across the $28 billion U.S. outdoor industry declined by 1 percent in the 12 months ending April 2023, versus the comparable prior-year period, impacted by consumers spending less on big-ticket equipment items and instead buying backpacks, blankets, camping accessories, and other versatile products.
Retail Market Breathes A Sigh Of Relief As West Coast Ports Deal Reached
The Pacific Maritime Association (PMA) and the International Longshore and Warehouse Union (ILWU) announced a tentative agreement on a new six-year contract covering workers at all 29 West Coast ports.
Retail Sales See Slight Uptick In May; Sporting Goods Stores Up 2.5 Percent
Retail sales increased 0.3 percent from April to May and gained 1.6 percent year-over-year. Economists polled by Reuters had forecast sales would decline 0.1 percent month-over-month.
Johnston & Murphy Hires VPs Of Stores And Business Operations
Johnston & Murphy hired Connie Cartmill, most recently at Janie & Jack, as vice president of stores and Steve Prince, formerly at New Balance, as vice president of business operations.
Sport 2000 Reaches €6.5 Bn In 2022 Sales; SGN Sports Leaving Group
Sport 2000 International, the world’s second-largest trade organization for independent sports retailers with 3,586 stores in 25 countries, recently reported it is reflecting on a successful year, closing the 2022 financial year with gross retail sales of €6.5 billion.
Google Introduces Virtual Try-On Using Generative AI
Google introduced a generative AI-powered virtual try-on option for shoppers searching for apparel online using digital models to represent an individual’s body type.
Polartec Introduces Fresh Face Metal-Free Odor Reducer
Polartec, a Milliken & Company brand, launched Fresh Face, a natural, renewable odor reducer for fabric technologies. The plant-based deodorizer offers a sustainable alternative to traditional fabric fresheners, leveraging the power of botanical mint oil. Debuting this season across Polartec Delta fabrics, the addition of Fresh Face technology minimizes odors within a garment. Fresh Face […]
REI Workers Union Adding Pressure With Unfair Labor Practice Allegations
The Retail, Wholesale and Department Store Union (RWDSU) announced it would be filing Unfair Labor Practice charges (ULPs) against REI, Inc. in the Cleveland (Beachwood, OH) and SoHo (Manhattan, NY) unionized stores.
Painshield MD Maker Taps Mio-Guard For U.S. Sports Med Market Distribution
NanoVibronix, Inc., a medical device company that produces the UroShield, PainShield and WoundShield Surface Acoustic Wave (SAW) Portable Ultrasonic Therapeutic Device, reported entering into a distribution agreement with Mio-Guard, LLC for the sale and distribution of its PainShield MD product.
KOA: Campers Four Times More Likely To Adopt AI For Trip Planning
The Kampgrounds of America, Inc.’s (KOA) Monthly Research Report, June 2023 Edition, found that campers have adopted artificial intelligence (AI) more quickly than other leisure travelers when planning a trip.
Primus Announces New Athlete Partnerships For 2023
Primus, the Swedish cooking equipment brand, announced new athlete partnerships with climber Matt Segal and mountaineer Tamara Lunger. “Primus has been on numerous expeditions and first ascents over the past century, and we are excited to partner with a new generation of explorers and foodies like Tamara and Matt. Both bring a passion for being […]
Big Tine Selects North America Rep Coverage
Big Tine, a deer feed products company manufactured by Scott Pet Products, reported hiring Kelly Brand Management (KBM) to manage its U.S. and Canadian sales.
Lowa Boots Introduces SS24 Collection
Lowa Boots released its Spring and Summer 2024 line leading with expanded styles for its recently launched All Terrain Running (ATR) category and updates to its mountaineering and hiking boots and walking shoes. “For the last 100 years, LOWA has built its brand on hand-crafted quality,” said Peter Sachs, general manager of LOWA. “This is […]
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