he National Hockey League (NHL) announced a 24-team playoff format that was accepted by the NHL Players’ Association, becoming the largest North American professional sports league to announce definitive plans for a return.
Category: Sports/Fitness
Descente’s Revenues Sink In Fiscal Year
Descente Ltd. reported sales dropped 12.6 percent in its fiscal year ended March 31, to Japanese ¥124.6 billion ($11.6 bn).
OBIT: Dick Lipsey
Richard “Dick” Lipsey, founder, president, and CEO of SBRnet with a long career in supporting research for the sporting goods industry, passed away on May 15, 2020 at the age of 89. Lipsey underwent bypass surgery for a heart attack and was set to return home when he contracted COVID-19.
Consumer Confidence Ticks Up In May
The Conference Board Consumer Confidence Index held steady in May, following a sharp decline in April. The Index now stands at 86.6 (1985=100), up from 85.7 in April.
Mouthguard Club Lands $1M Venture Capital Investment
Retainer Club, a subscription retainer service, and Mouthguard Club, which provides athletes with custom-designed mouthguards, announced the closing of a $1 million venture capital investment from Will Ventures, an early-stage venture capital firm that focuses on companies at the intersection of sports and technology.
Hibbett Sports Posts Q1 Loss On Steep Sales Decline
Hibbett Sports Inc., posted a net loss of $15.3 million, or 92 cents a share, in the first quarter, as sales dropped 21.4 percent. E-commerce sales vaulted 110.5 percent and the retailer said its strong balance sheet provides ample liquidity to manage the COVID-19 fallout.
Asics Releases 2019 Sustainability Report
Asics Corp. released its 2019 Sustainability Report which summarizes the company’s progress towards medium- and long-term sustainability targets. The results for 2019 were highlighted by a 27.9 percent reduction in CO2 emissions per pair of shoes during the manufacturing process, far greater than targeted.
Puma Signs Iceland Soccer Team
Puma announced that it has entered into a long-term partnership with the Football Association of Iceland (KSI) to become the official technical sponsor of men’s, women’s and youth teams.
RunSignup Survey Shows Race Organizations Expect 45 percent Of Revenue In 2020
Revenue shortfalls for the current year are expected to be significant for race organizations of all sizes with the average expectation that they will see 45 percent of their 2019 revenue in 2020, according to a survey of ace organizers conducted in early May from RunSignup, a technology provider for U.S. races.
Hyperice Debuts First TV Commercial
Hyperice, best known for its Hypervolt vibrating massage tool, ran its first TV ad Sunday during “The Match: Champions for Charity Event.”
Hudl Gains Investment From Bain Capital
Hudl, the sports performance analysis platform based in Lincoln, NE, announced an investment from Bain Capital Tech Opportunities, along with existing investors, to further accelerate the company’s growth.
Wooter Apparel Partners With Collegiate Summer Baseball Invitational
Wooter Apparel has signed as the uniform provider for the College Summer Baseball Invitational (CSBI) in Texas.
Hyperice Creates New Human Health Division
Hyperice, the maker of percussion, vibration and compression devices, announced the creation of its Human Health division. The division will provide non-invasive wellness solutions for active and retired military, workplaces and healthcare providers.
RYU Apparel Issues Shareholder Update
In a letter to shareholders, Cesare Fazari, the recently-appointed CEO of RYU Apparel Inc., announced steps the company is taking to strengthen its balance sheet, leverage online sales and optimize inventory levels.
Asics’ Q1 Sales Drop 13.5 Percent
Asics reported a small loss in the first quarter as sales sunk 13.5 percent. In the North American region, first-quarter sales were down 20.0 percent at currency-neutral rates.
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