Sports/Fitness Research

Under Armour Downsizes Port Covington Headquarters Plan

Under Armour Downsizes Port Covington Headquarters Plan

Under Armour announced plans to redevelop its waterfront land in South Baltimore’s Port Covington as a global headquarters by 2025. Under Armour described the development as a “reimagine for a post-COVID environment” that will downsize its global corporate and Americas regional functions into one location with a hybrid office/home workplace model. (Read More)

Peloton Fights CPSC’s Calls For Consumers To Stop Using Peloton Tread+

Peloton Fights CPSC’s Calls For Consumers To Stop Using Peloton Tread+

The U.S. Consumer Product Safety Commission (CPSC) over the weekend advised people with young children or pets to stop using the company’s treadmills. The move comes after its investigation into the death of a child involving one of the machines turned up dozens of instances of injuries. Peloton in response called the agency’s advisory “inaccurate and misleading,” and said the treadmills are safe when users follow safety recommendations. (Read More)

Sequential Brands Posts Q4 Loss

Sequential Brands Posts Q4 Loss

Sequential Brands Group Inc. reported a loss in the fourth quarter in part due to a charge tied to exiting a lease on its headquarters. Revenues were down 4.1 percent. The company said it continues to evaluate strategic alternatives, including the divestiture of one or more existing brands or a sale of the company and seeks an extension of waivers to cover financial covenant defaults. (Read More)

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