Patrick Guido, Luluemon’s CFO, will join Asbury Automotive Group. On April 16, Lululemon had announced that Guido was departing the company, effective May 8, for another opportunity.
Category: Sports/Fitness
Delta Apparel Sees Sales Decline In Second Quarter
Delta Apparel said it expects to see a 6 percent decline in sales in its fiscal second quarter ended March 28. Prior to the March impact of COVID-19, the company was on pace to achieve sales growth of approximately 9 percent for the quarter.
IHRSA Continues The Fight To Gain Federal Relief For Industry
IHRSA, the International Health, Racquet & Sportsclub Association, said that since Congress is moving quickly on the next rounds of stimulus relief, it has bulked up its federal lobbying power to ensure the next package provides relief for all of the country’s 40,000 health and fitness club operators.
FESI Survey Finds Significant COVID-19 Impact On European Sporting Goods Market
A survey from The Federation of the European Sporting Goods Industry (FESI) of its members found 45 percent of the companies declaring a loss of turnover ranging between 50 percent and 90 percent since the beginning of the COVID-19 crisis.
Gold’s Gym Permanently Closes 30 Gyms
Gold’s Gym is closing about 30 gyms across the U.S., including all locations in Alabama, St. Louis, and Colorado Springs, CO due to the impact of the novel coronavirus.
Survey Finds Americans Exercising Slightly More Amid Lockdown
According to a survey from Piplsay, Americans are exercising and using fitness apps slightly more during the lockdown caused by the pandemic.
PGA Tour Announces Mid-June Return In Texas
The PGA Tour announced that it would resume its season in mid-June with a tournament in Fort Worth without spectators.
USTA Pledges $50 Million To Support U.S. Tennis
The United States Tennis Association (USTA) is set to commit more than $50 million in spending to support its sport’s ecosystem, over a multi-year, multi-phase plan response to the expected financial impact generated by the coronavirus pandemic.
Riddell Partners With Catapult
Riddell announced a partnership with sports science and analytics company Catapult to further integrate emerging athlete data in football. Riddell InSite, the brand’s smart helmet technology, will now integrate its impact data into Catapult’s XOS video system.
Fanatics’ Founder Launches ALL IN Challenge
Fanatics Founder and Executive Chairman Michael Rubin, shown above, launched the ALL IN Challenge, which aims to be the largest digital fundraising movement ever with a goal of raising tens of millions of dollars or more to feed those in need during the COVID-19 crisis and beyond.
Escalade’s Q1 Sales Climb 16.2 Percent
Escalade Inc., a maker of a wide range of sporting goods, reported operating income improved significantly on improved gross margins and a 16.2 percent revenue gain.
Academy Sports Furloughs Staff
Academy Sports + Outdoors announced that it is temporarily furloughing a substantial number of its corporate office and distribution center personnel effective April 18 in response to the impact of COVID-19. This action follows the furlough of a portion of Academy’s store personnel last week.
LEAD1 Association Tightens Its Belt During COVID-19 Pandemic
The LEAD1 Association, which represents the athletics directors of the 130-member schools of the Football Bowl Subdivision (FBS), announced a series of initiatives to best prepare for the unknown financial challenges that the FBS now faces due to COVID-19.
College Sports Won’t Resume Until Students Return
On a conference call with the College Football Playoff Management Committee, Vice President Mike Pence was told that college football wouldn’t come back until students are allowed on campus.
Dr. Anthony Fauci Sees Sports Returning Initially Without Fans
Dr. Anthony Fauci, the government’s top infectious disease expert, on Snapchat’s show “Good Luck America” said that he sees sporting events returning without fans is within the realm of possibility in 2020.
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