Crew by True Rowing said it has landed $5 million in seed capital to bring a connected indoor rowing machine to market. Olympian and Indoor Rowing World Record Holder Richard M. Cashin and avid rowing enthusiast P. Andrews McLane, both private equity executives, are among those funding Crew by True Rowing to deliver the special benefits of on-the-water rowing to consumers worldwide.
Author: SGB Media
Coca-Cola Invests In BodyArmor
The Coca-Cola Company and Bodyarmor announced that they have entered into a definitive agreement through which Coca-Cola will acquire a minority ownership stake in Bodyarmor.
L.L. Bean Makes Multi-Million-Dollar Commitment To National Parks
L.L. Bean is extending its support of the national parks community with a multi-year, $3 million premier partnership with the National Park Foundation for the Find Your Park/Encuentra Tu Parque movement.
SIA President Nick Sargent To Testify About Tariff Impact On Snow Sports
Nick Sargent, president of Snowsports Industries America (SIA), will testify Monday, August 27, before the Office of the United States Trade Representative in Washington, D.C., to express concern over the proposed tariffs on $200 billion worth of consumer goods from China.
Sneaker Week 2018 Hosted First-Ever Consumer Summit
Organizers of Sneaker Week 2018, which will take place August 26 – September 1, announced the first-ever Consumer Summit, wherein executives of major footwear brands and organizations will have an open dialog with sneaker “super-consumers” to help shape the future of the brands going forward.
Aisle Talk Week of August 20
Top headlines from the active lifestyle industry you may have missed this week, including 5.11 opening a new store in Reno, NV, as part of a nationwide brick-and-mortar retail expansion.
Foot Locker’s Q2 Beats Street
Profits at Foot Locker Inc. jumped 72.5 percent in the second quarter, exceeding expectations. Same-store sales inched up 0.5 percent, improving from a decline of 2.8 percent seen in the first quarter, and stronger growth continues to be expected for the second half.
Hibbett Sports Lowers Full-Year Outlook On Soft Q2
Hibbett Sports narrowed the company’s loss in the second quarter as same-store sales grew 4.1 percent. Wall Street, however, was expecting a profit and the retailer lowered its guidance for the year.
Shoe Carnival Appoints Mark Worden EVP, Chief Strategy And Marketing Officer
Footwear and accessories retailer Shoe Carnival Inc. on Thursday announced the appointment of brand and marketing veteran Mark Worden to the newly created role of executive vice president, chief strategy and marketing officer, effective September 10.
Nike And Vans Gain In Stifel’s BTS Survey
According to Stifel’s annual back-to-school athletic footwear survey, retail checks are underscoring Nike’s resurgence in the North American footwear market and Vans continued brand heat. Adidas lost some momentum off its recent hot streak.
Sears Holdings To Close 46 Stores
Sears Holdings plans to close another 46 unprofitable stores this year including 13 Kmart and 33 Sears stores.
Apple Pay And Apple Watch Help Customers Celebrate America’s National Parks
Apple on Thursday introduced new ways customers can enjoy and support America’s national parks with an Apple Pay donation program and Apple Watch Activity Challenge.
U.S., China Escalate Trade War With New Round Of Tariffs
The United States and China went ahead with tariff hikes on billions of dollars of each other’s automobiles, factory machinery and other goods Thursday in an escalation of a battle over Beijing’s technology policy that companies worry will chill global economic growth.
Footwear Innovation Summit by FMNII To Be Held In Los Angeles
The Footwear Innovation Summit by FMNII, to be held at Hotel Indigo Los Angeles Downtown on October 2, will bring gather professionals from both technology and footwear sectors to present their latest innovations to 250 industry leaders from footwear brands, design institutes and factories.
Malibu Boats Acquires Pursuit Boats
Malibu Boats Inc., a manufacturer of recreational fiberglass boats, announced that the company has entered into a definitive agreement with S2 Yachts Inc. to acquire the assets of Pursuit Boats for $100 million.
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal