U.S. sales of leisure footwear, which includes many of the industry’s athletic-lifestyle and outdoor categories, were down 15 percent in the first quarter, according to the NPD Group. Fashion footwear tumbled 24 percent and the smaller sport-specific performance footwear category declined 19 percent.
Category: Sports/Fitness
MLB Discussing Plan To Start Season In Home Cities In June
MLB is considering starting its season in late June or early July with teams playing in their home ballparks albeit with no fans., according to a USA Today report.
Shimano’s Revenues Slump 12 Percent In Q1
Shimano Inc. reported operating income decreased 22.3 percent in the first quarter as sales fell 12.3 percent.
Spartan Offers 1 Million Free Event Entries To Support The Fitness Industry
Spartan, known for its obstacle course race (OCR) and endurance races, will offer up to one million free event entries to members of fitness facilities who continue to pay their dues, in an effort to support the industry that has been devastated by the COVID-19 pandemic.
American Pacific Acquires SaltStick
American Pacific Group has purchased SaltStick, a Malibu, CA-based provider of electrolyte supplement products designed for high-endurance athletes. American Pacific made the acquisition through its Roadrunner Holdings platform, which it will use to target other sports nutrition brands and related products.
Inaugural Rock ‘n’ Roll Virtual Running Series Race Draws 11,000
A total of more than 11,000 people from 80 nations and all 50 states took part in the Rock ‘n’ Roll VR1, the inaugural event in the Rock ‘n’ Roll Virtual Running (VR) Series held last weekend. Rock ‘n’ Roll VR1 consisted of a 5K with participants having the ability to compete anywhere, indoors or outdoors.
Concept One Disputes Charges In Northwest Company Bankruptcy
Sam Hafif, CEO, Concept One Accessories, in a statement denied his company made any “inaccurate representations” prior to the 2017 sale of its team sports bag business to The Northwest Company (TNC). The charge against Concept One was included in court papers related to TNC’s bankruptcy filing.
JD Sports Suspends Dividend, Cuts Salaries
JD Sports said it will suspend its dividend, reduce the salaries of its senior management team and defer bonuses in order to support liquidity as a precautionary measure amid the COVID-19 pandemic.
TrueCoach Acquired By TSG
TrueCoach, the health and fitness software provider, has been acquired by TSG, an Advent portfolio company. TrueCoach becomes part of TSG, following the acquisition of boutique fitness software providers Mariana Tek, Triib, Zingfit, and BrandBot
Adidas’ Q1 Revenues Drop 19 Percent
Adidas AG reported first-quarter earnings tumbled 97 percent. Sales slumped 19 percent on a currency-neutral basis. Adidas also warned the second-quarter results would decline to a greater degree.
Nearly 50 NHL Players To Participate In NHL Player Gaming Challenge
In coordination with ESL Gaming, the National Hockey League (NHL) announced the first-ever NHL Player Gaming Challenge presented by Honda, the NHL’s Official Automotive Partner, featuring NHL players representing all 31 clubs.
Peloton Holds Largest Class Ever
Peloton, on April 22, held its largest class ever. More than 23,000 people tuned in for more than 10 minutes each to a live workout
NBA Opening Some Practice Facilities
The NBA is reportedly planning to re-open a number of team practice-facilities.
Creedmoor Sports Appoints Bill Gravatt As Managing Director
Creedmoor Sports, serving the precision rifle shooting community for more than 40 years, hired Bill Gravatt as managing director. He was most recently president of Capstone Precision Group (Berger Bullets).
Walmart Appoints New Marketing Chief
Walmart has hired former Target senior vice president of marketing William White as its chief marketing officer, according to an internal company memo.
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