In a joint statement on the evening of October 3, the ILA and USMX reached a tentative agreement on wages and extended the group’s “Master Contract” until January 15, 2025, when they will return to the bargaining table to negotiate all other outstanding issues.
Category: Sports/Fitness
Puma #Know Your Stuff: Real leather vs Vegan Leather Debate
The educational content series from Puma explores the conversation surrounding manufacturing goods with leather versus vegan leather and the environmental impact of each, created with input from Aishwarya Sharma, a Puma “Voices of a Re:Generation” and global goals ambassador.
Beyond Yoga Launches Club Beyond, a NYC Experiential and Retail Pop-Up
From October 11-16, Club Beyond, located at 31 East 17th Street, will offer two to three classes a day in fitness and wellness with guests and instructors, with workshops, brand experiences and the first Beyond Yoga retail store in the city.
Report: Growing Participation Rates Supporting Outdoor Rec Sales and M&A
Capstone suggested that financial performance across the sector is expected to improve as firms work through excess inventories, limit promotion activity, and mitigate margin pressures.
Academy Sports’ Debt Ratings Raised by S&P
S&P Global Ratings raised Academy Sports And Outdoor Inc.’s debt rating because the retailer has sustained S&P’s adjusted leverage well below the 2x area despite modest EBITDA margin contraction.
Health & Fitness Assoc. Rebrands Annual IHRSA Show to The HFA Show
The decision on the new show name came after an extensive review and feedback process with rebranding experts, members, supplier partners, exhibitors, and association leaders
QVC Forms Multi-Year Partnership with USA Pickleball
Through the agreement, the home shopping network gains exclusive broadcast rights to select USA Pickleball Golden Ticket Tournaments during the year and the Biofreeze USA Pickleball National Championships held in November.
Topgolf to Open Venue in Bryan, TX
TopGolf Bryan, TX, will open on October 18 in Travis Bryan Midtown Park in a former BigShots sports lounge
Ames Watson to Lead Champion’s U.S. Collegiate and Teamwear Business
Ames Watson will oversee Champion’s U.S. collegiate apparel and teamwear business through GearCo, which is managed and operated by Ames Watson, following its sale to Authentic Brands Group.
Dick’s SG to Hire Fewer Seasonal Workers This Year
The retailer plans to hire nearly 8,000 seasonal workers for this year’s holiday season, a step back from the 8,600 planned hires in 2023. A steady decline in employee turnover since 2021 led DKS to a decrease in the number of seasonal workers this year.
Elevate Outdoor Collective Promotes Josee Larocque to CEO
The parent company of the K2, Marker, Dalbello, Völkl, Ride, Line, Backcountry Access, Atlas Snow Shoe, Tubbs Snowshoes, and Madshus brands said COO Larocque replaces CEO John Colonna, who is leaving the company to pursue other interests.
Report: Holiday Shopping Intentions Driven by Consumer Optimism, Quest for Value
This year’s household food and grocery costs will impact holiday shopping for 62 percent of consumers, but more holiday shoppers, 57 percent, feel positive about personal finances than in 2023.
Amazon Plans to Hire 250,000 Holiday Workers, Same As Last Year
Amazon aims to add 250,000 U.S. seasonal employees during the 2024 holiday season, matching its target number from 2023.
EXEC: Post Earnings Call, Analysts See Slow Recovery for Nike
Shares of Nike, Inc. fell about 7 percent on October 2. SGB Media spoke with eleven Wall Street analysts to explore Nike’s turnaround prospects. Several remain bullish on Elliot Hill’s return as CEO; however, a return to healthy growth might only happen in calendar year 2026.
CCM Hockey Agrees to Acquisition by European PE Firm Altor
The Canadian equipment brand owned by Birch Hill Equity Partners agreed to be acquired by the Swedish private equity firm Altor. The transaction is expected to close by the end of 2024.
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