Sports/Fitness

Modell’s To Close 24 Stores

Feb 21, 2020SGB Updates

Modell's Sporting Goods, which is seeking an outside investor to shore up its balance sheet, is closing 24 of its 141 locations. (Read More)

Report: Outdoor Voices Founder Steps Down

Feb 21, 2020SGB Updates

Tyler Haney, the founder and chief executive of Outdoor Voices, has stepped down, according to the Business of Fashion. (Read More)

Life Fitness To Withdraw From FIBO

Feb 21, 2020SGB Updates

Life Fitness has made the decision to withdraw from attending and exhibiting at FIBO, the fitness trade show being held in Cologne, Germany in early April, due to the global concern regarding coronavirus. (Read More)

SparBar Announces Agreement To Expand In North America

Feb 21, 2020SGB Updates

SparBar Inc., the original pioneers of SparBar boxing, mixed martial arts (MMA), and fitness equipment, announce the signing of a global distribution and licensing agreement with Sparbar U.K., LTD. that will expand its corporate offices into New York City. (Read More)

Wolverine Worldwide’s Expanded Efforts To Address PFAS Approved By Federal Judge

Feb 21, 2020SGB Updates

Wolverine World Wide Inc. announced that U.S. District Judge Janet T. Neff has approved a Consent Decree reached earlier this month among the company, the State of Michigan, Plainfield Charter Township, and Algoma Township. This Consent Decree resolves the litigation between the parties and includes significant next steps in Wolverine’s already extensive efforts to ensure long-term water quality and continued environmental remediation in and around its hometown. (Read More)

Lululemon Provides Update On China Operations

Feb 21, 2020SGB Updates

Lululemon Athletica Inc. said that following guidance from local authorities, the majority of Lululemon’s 38 stores in China have been closed for a period of time since February 3, 2020, with some now operating on a reduced schedule. The company’s online business has continued to operate. (Read More)

Escalade Q4 Revenues Decline

Feb 21, 2020SGB Updates

Escalade Inc., a maker of a wide range of sporting goods, reported sales for the fourth quarter of 2019 were $47.0 million compared to net sales of $51.0 million for the same quarter in 2018, a decrease of $4.0 million or 7.7 percent. The decline reflected softness in archery and fitness categories. (Read More)

BSN Sports Acquires Longstreth’s Team Apparel, Lacrosse And Softball Businesses

Feb 21, 2020SGB Updates

BSN Sports, a division of Varsity Brands, announced the acquisition of certain team sports businesses from Longstreth Sporting Goods, based in Spring City, PA. Specifically, BSN Sports has acquired Longstreth’s lacrosse and softball team sports businesses, as well as exclusive rights to supply uniform or team apparel and footwear to Longstreth’s field hockey team customers. (Read More)

Flywheel To End Online Classes

Feb 20, 2020SGB Updates

Flywheel Sports, the fitness boutique startup, will shut down the virtual classes that are connected to its in-home bikes in March. Current Flywheel At Home customers were e-mailed a trade-in offer to swap out their $1,500 virtual Flywheel bikes for used Peloton bikes. (Read More)

Snapchat’s Talent Partnership Head Rejoins Nike

Feb 20, 2020SGB Updates

Lauren Gallo, formerly global head of content marketing at Snap Inc., the parent of the Snapchat messaging app, has rejoined Nike as senior director, brand creative. (Read More)

Modell’s To Close 24 Stores

Report: Outdoor Voices Founder Steps Down

Life Fitness To Withdraw From FIBO

SparBar Announces Agreement To Expand In North America

Wolverine Worldwide’s Expanded Efforts To Address PFAS Approved By Federal Judge

Lululemon Provides Update On China Operations

Escalade Q4 Revenues Decline

BSN Sports Acquires Longstreth’s Team Apparel, Lacrosse And Softball Businesses

Flywheel To End Online Classes

Snapchat’s Talent Partnership Head Rejoins Nike

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