Title Nine, the women’s activewear chain, announced nine women chosen as finalists in its second annual Movers and Makers Pitchfest. The start-up brands they represent include Wild Rye, Kaden Apparel, Sunia Yoga, Mana Threads, Corbeaux Clothing, Anowi Surfwear, Bloom Bras, Em & El Organics and Heroclip.
Category: Sports/Fitness
Sports Direct Sees Annual Sales Dip Excluding Acquisitions
Sports Direct reported revenue increased 10.2 percent in its fiscal year ended April 28, but were down 1.9 percent excluding acquisitions and on a currency-neutral basis.
Orangetheory Finalizes Expansion Into All 50 States
Orangetheory Fitness announced the expansion of its national footprint into the 50th state, Wyoming. The new studio will be coming to Jackson Hole.
New Balance Makes Two Major Climate Commitments
New Balance Athletics, Inc. announced it has made two major climate commitments: joining RE100 and signing the UN Fashion Industry Charter for Climate Action. The announcement comes as the company marks a key milestone by generating a total of more than one million kilowatt hours in solar energy at its Flimby, England footwear manufacturing facility.
Former Adidas America’s CEO To Lead Taco Bell
Yum! Brands Inc. announced that Mark King, former president of Adidas Group North America, will join the company as Taco Bell Division chief executive officer. Said King in a statement, “The courage, creativity, culture and potential of Taco Bell make it the only brand I would become part of at this point in my career.”
Strava Welcomes New CFO And CTO
Strava, the activity tracking app, hired Christine Park as chief financial officer, and Yandong Liu as chief technology officer.
Li Ning Signs Potential 2020 NBA Lottery Pick To Endorsement Deal
Li Ning, the Chinese sporting goods giant, signed RJ Hampton, a projected lottery selection in the 2020 NBA Draft, to an endorsement deal, according to ESPN. The retired Dwyane Wade in 2018 inked a lifetime deal with the brand. C.J. McCollum is Li Ning’s most prominent active player.
Deckers Brands Q1 Powered By Big Gains At Hoka One One
Deckers Brands raised its outlook for the year after reporting a slightly lower year-over-year loss in the first quarter ended June 30 on a 10.5 percent revenue gain. Hoka led the way, with a 67 percent sales hike. Ugg’s sales grew 1.5 percent.
Sports Team Funding App FlipGive Secures Investors
Toronto-based sports team funding app FlipGive has secured $5 million in a Series A financing that will help FlipGive continue to accelerate how youth sports, member organizations and clubs fundraise.
Kitsbow Appoints VP Of Product And Design
Kitsbow, maker of premium cycling clothing and accessories, announced the addition of Jim Gingrich to the Kitsbow board of directors as well as the promotion of Tim Clark to vice president of product and design.
Chattanooga’s Echelon Fitness Secures Investment
Echelon Fitness, a specialist in indoor cycling technology, received an investment from North Castle Partners. The growth capital infusion from North Castle Partners will bring Echelon’s total valuation to over $100 million.
Topgolf To Open Locations in Lake Mary And St. Petersburg
Topgolf Entertainment Group will continue expansion in Florida with the announcement of two new venues in Lake Mary and St. Petersburg.
UNLV Extends Deal With Nike
UNLV agreed to a three-year contract extension with Nike. Nike will remain the exclusive athletic footwear, apparel and accessories sponsor of UNLV Athletics.
Play It Again Sports Parent Increases Quarterly Dividend
Winmark Corp., the parent of Play It Again Sports, announced that its board of directors has approved an increase in its regular quarterly cash dividend to shareholders.
Academy Sports Partners With National Night Out
Academy Sports + Outdoors announced a new partnership with National Night Out (NNO), a national community-building campaign that promotes first responder-community partnerships. Academy Sports + Outdoors is donating more than $200,000 across 36 cities.
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