Nike is making Juneteenth, which takes place on June 19 and commemorates the end of slavery in the U.S., an official paid company holiday, CEO John Donahoe said Thursday in a letter to employees. He also said Nike will be taking further steps to ensure Black, Latino and Women are properly represented at Nike.
Category: Sports/Fitness
PVH Reports Q1 Revenue Drops 43 Percent
PVH Corp., the parent of Calvin Klein, Tommy Hilfiger and Izod, reported first-quarter revenue decreased 43 percent to $1.344 billion and was down 42 percent on a constant-currency basis compared to the prior-year period.
Adidas Boosts Investment In Black Communities
Adidas on Wednesday raised its investment in black communities to $120 million from $20 million after criticism.
Private School Students Reported Experiencing More Concussions Than Public Students
In a new study of 2,047 New England private high school students-athletes published in the Journal of School Health, 33 percent of students self-reported experiencing a concussion in their lifetime.
Lolë Parent Files For Bankruptcy In Canada
Coalision, the Montreal-based parent of Lolë and Paradox activewear brands, has filed to reorganize under the Bankruptcy and Insolvency Act in Canada to seek new funding or a buyer.
NGF Finds Golf Participation Spiked In Areas That Faced Restrictions
According to analysis by the National Golf Foundation (NGF), golf participation has picked up in recent weeks in several key golf markets as courses reopen with the surge in play most pronounced in courses that faced restrictions.
Head Appoints VP of Marketing, North America
Head promoted Jeff Bardsley, a 27-year veteran, to VP of marketing, North America. Bardsley has held a variety of positions within Head Canada.
Survey Highlights Disruption Facing Endurance Race Events
According to a recent survey of nearly 400 endurance event professionals from Running USA, 67 percent expect to need additional funding to support their events beyond the Paycheck Protection Program (PPP).
MLS To Return July 8
Major League Soccer (MLS) announced the league’s plan to restart the 2020 season with all 26 clubs competing in the MLS is Back Tournament at ESPN Wide World of Sports Complex at Walt Disney World Resort in Florida beginning July 8.
USTA To Cut 110 Jobs, Close New York Headquarters
The USTA (U.S. Tennis Association) announced plans to lay off 110 employees and close its White Plains, NY Office as part of a restructuring in the wake of COVID-19.
Adidas Commits To Hiring More Black And Latino Employees
Adidas, facing calls for greater diversity within its ranks, announced plans to invest $20 million in black communities, support university scholarships for black employees and increase the number of black and Latino hires at its North American headquarters.
Plattsburgh State Partners With BSN Sports, Nike
The Plattsburgh State Department of Intercollegiate Athletics and Recreation in upstate New York has entered into a five-year partnership with Nike brand through BSN Sports.
Sparx Hockey Secures Equity Funding
North Castle Partners announced a strategic investment and partnership with Sparx Hockey, the inventors of the Sparx Skate Sharpener. The partnership provides the company with additional resources and expertise to assist Sparx Hockey in its continued growth and increasing global presence.
Study Finds Continued Increase In Concussions Among High School Athletes
A new study released by the American Academy of Orthopaedic Surgeons determined that despite increased awareness of concussions in high school athletics and traumatic brain injury (TBI) laws, the incidence continues to rise. Among the findings was that girls soccer players continue to have a higher proportion of concussions compared to boys football players while girls volleyball saw the largest increase on concussion rates.
24 Hour Fitness Begins Nationwide Club Reopening Process
24 Hour Fitness announced plans and strategies to reopen clubs post-COVID-19 as state and local governments and public health agencies indicate it is safe to do so and as stay-at-home orders are lifted.
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