Mavic, the French cycling components and accessories brand that has been under the management of a turnaround firm since February, been placed into receivership at the French commercial court.
Category: Sports/Fitness
PeopleForBikes Adds 60 New Member Companies
PeopleForBikes reported that 60 bike businesses have joined the industry coalition as new members since the organization merged with the Bicycle Product Suppliers Association (BPSA) in 2019.
Iconix’s Q1 Revenues Slump 22 Percent
Iconix Brand Group, the parent of Starter, Danskin and a number of other fashion and active brands, reported a loss after impairment charges in the first quarter on a 22 percent sales decline due, in part, to pressures from COVID-19. Iconix said it signed 41 license deals during 2020 and is making progress in improving its cost structure.
Russell Athletic Expands “Hope for Hospitals” Initiative
Russell Athletic is further expanding its Hope for Hospitals initiative by dedicating up to $700,000 of product donations for the duration of the campaign.
Fleet Feet Celebrates Global Running Day With Nationwide Virtual Running Event
With physical distancing precautions still in place across the country, Fleet Feet announced its fourth annual Global Running Day event. The Big Run will take place virtually this year. Shifting names to My Big Run, the June 3 Global Running Day initiative will take place in partnership with Brooks.
Survey Finds Runners Hesitant To Return To Running In Groups
According to a survey of runners from the Road Runners Club of America (RRCA), 60 percent are comfortable running with five or fewer people once a return to larger group running is permitted. Fifty-one percent are comfortable with 10 or fewer runners, but the percentage of comfort drops significantly when group runs start to see 20 or more participants.
Delta Apparel Announces Contract Extension For Chairman And CEO
Delta Apparel Inc. announced a two-year extension of the employment contract with its Chairman and CEO, Robert W. Humphreys.
MLB Proposes 82-Game Season Starting In July
Major League Baseball agreed on a proposal for an 82-game season that would start without fans in early July.
Yue Yuen’s April Sales Decline 19 Percent
Yue Yuen Industrial Ltd., the world’s largest sports footwear manufacturer, reported April’s revenues were down 19.1 percent. Pou Sheng International Ltd., the retail subsidiary of Yue Yuen, saw an 11.2 percent decline.
Equinox Sets Reopening Strategy
Equinox Sports Club has unveiled its reopening plan, which comes with ramped up cleaning and sanitation, health checks, limited club capacity, PPE, contactless features, and changes in etiquette, the fitness club posted on its website.
Hanesbrands CEO Plans To Serve As Consultant In 2021
Hanesbrands Inc. announced that Gerald Evans Jr. will stay on as a consultant for a year after he retires as CEO at the close of this fiscal year.
Arc’teryx Equipment Appoints Katie Becker As First VP Creative
Arc’teryx Equipment has named Katie Becker as the brand’s first VP creative. Becker joins Arc’teryx after a 12 plus year career with Adidas, where she recently served as senior global design director.
Mueller Sports Recognized By The Professional Football Athletic Trainers Society
Mueller Sports Medicine was recognized as a Platinum Partner by the Professional Football Athletic Trainers Society.
Under Armour’s Q1 Revenues Tumble 23 Percent
Under Armour, Inc. reported sales fell 23 percent in the first quarter with approximately 15 percentage points of the decline related to COVID-19. The loss came to $589.7 million after restructuring charges in the first quarter, and the loss before charges was below Wall Street’s target.
Dorel Sports Swings To Loss On Covid-19
Dorel Sports showed an operating loss of $611,000 due to the impact of COVID-19. The business showed its fourth consecutive quarter of revenue growth as April bicycle sales surged with stay-at-home families seeking exercise and alternatives to vacations.
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