Karen Parkin, executive board member of Adidas AG, responsible for global human resources, has informed Adidas AG’s Supervisory Board that she will step down from the Executive Board and leave the company. The move comes as Adidas has faced criticism from employees who say it fosters a racist and discriminatory workplace.
Category: Sports/Fitness
NPD Report: Running Regains Its Stride
Dollar sales in the U.S. performance running rebounded in mid-May and in the week ending June 20 grew by 30 percent year over year, according to The NPD Group. Brooks, Hoka and On Running have all shown double- and triple-digit growth for the past five weekly time periods.
Topgolf Augusta To Open With New Open-Air Venue Design
Topgolf Entertainment Group, a global sports and entertainment company, will open its first completely open-air venue in Augusta, GA on Friday, July 3.
Garmin Acquires Firstbeat Analytics
Garmin Ltd. announced it has acquired Firstbeat Analytics Oy, a privately-held provider of physiological analytics and metrics for consumer devices in the health, wellness, fitness and performance markets.
Aqua Lung Names General Manager, North America
Aqua Lung, the manufacturer of dive and watersports equipment, appointed Andrew Gritzbaugh as general manager, North America. He was at Gerber.
Fanatics Expands Paris Saint-Germain Deal
Paris Saint-Germain announced it has partnered with Fanatics on a ten-year e-commerce, manufacturing and licensing deal. The deal is a massive expansion and extension from the previous e-commerce-only arrangement between the two groups.
New Jersey’s Tilton Fitness To Permanently Close
Tilton Fitness, which operates seven gyms in New Jersey, announced it is permanently closing due to struggles during the pandemic crisis.
Survey: A Third Of Supply Chain Leaders Exiting China By 2023
A Gartner Inc. survey of 260 global supply chain leaders in February and March 2020 found that 33 percent had moved sourcing and manufacturing activities out of China or plan to do so in the next two to three years. Survey results show that the COVID-19 pandemic is only one of several disruptions that have put global supply chains under pressure.
BeaverFit Acquires Mobile Fitness Equipment
BeaverFit, a manufacturer of military outdoor fitness equipment and container gyms, acquired Mobile Fitness Equipment (MFE), one of the nation’s leading providers of mobile fitness training equipment for consumers.
Lululemon To Acquire Mirror Fitness System For $500 Million
Lululemon Athletica Inc. announced that it has entered into a definitive agreement to acquire Mirror, a home fitness start-up that sells a $1,495 wall-mounted machine for streaming workout classes. The purchase price is $500 million.
Soccer Participation On The Rise In The U.S.
Coinciding with professional and youth soccer returning to play, SFIA will release its annual soccer participation report which found soccer participation in the United States increased in 2019 after four straight years of decline.
Outdoor Voices Secures New Funding
Outdoor Voices, an women’s activewear brand, announced that it has raised a new round of funding from NaHCO3, the investment management platform of fashion and retail entrepreneur Ashley Merrill. In conjunction with this equity investment, Merrill has joined Outdoor Voices’ Board of Directors as chairwoman.
Fitlight Signs WNBA All-Star As Ambassador
Fitlight, the wireless athletic training system driven by light sensors, signed WNBA All-Star Erica Wheeler as an official brand ambassador.
Lululemon To Recruit Head Of Global Diversity Equity And Inclusion
Lululemon plans to hire a head of global diversity equity and inclusion as part of a number of steps to increase diversity across its workforce. The retailer will also provide an additional U.S.$3 million to its social impact program, Here to Be, for a total of U.S.$7 million in 2020.
Under Armour Looking To End 15-Year Deal With UCLA
Under Armour has officially informed UCLA Bruins Athletics of its intent on terminating its record apparel deal signed in 2016. UCLA officials have vowed to fight UA’s move.
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