The acrimonious debate and paralysis around the government shutdown led to a major casualty: The Personal Health Investment Today (PHIT) Act. PHIT was awaiting a final vote in the U.S. Senate, but fell victim to the dysfunction in D.C., despite passing the House with strong bipartisan support in July.
Category: Sports/Fitness
Dick’s Sporting Goods To End U.S. Olympic Sponsorship
Dick’s Sporting Goods Inc said it will not renew its United States Olympic Committee (USOC) sponsorship beyond 2018, according to various reports. The decisions comes as Team USA continues to deal with fallout from the sexual-abuse scandal surrounding former gymnastics doctor Larry Nassar.
Sears Chairman Edward Lampert Makes Last-Minute Bid To Avert Liquidation
Sears won a reprieve from liquidating after its chairman, Eddie Lampert, submitted a $4.4 billion bid in an effort to purchase the retailer.
Sears To Close 80 More Sears And Kmart Doors By March
Sears Holdings, in bankruptcy proceedings since October, revealed 80 more Sears and Kmart stores it plans to close in late March 2019.
Advisory Board To Further Sports Technology Collaboration
The International Sports Technology Association announced Rebecca Hopkins as the newest member of its Executive Advisory Board. During the two-year appointment, Hopkins will provide board-level insights into the global sports technology marketplace and her company’s sports technology programs, whilst representing UK interests in the sector.
Gone…Not Forgotten
Friends who left us in 2018 included Nike’s Sandy Bodecker (above), The North Face’s Ann Krcik and Jason Hairston, founder SITKA and KUIU.
Celsius Announces Closing Of $10 Million Convertible Note Financing
Celsius Holdings Inc., maker of the leading global fitness drink, Celsius, announced that the company has entered into convertible loan agreements with its affiliates Charmnew Limited, Grieg International Limited and CD Financial, LLC, its largest shareholder, for the issuance of an aggregate of $10 million in principal amount of unsecured convertible notes due December 2020.
Planet Fitness Launches Campaign With Actor And Comedian J.B. Smoove
Planet Fitness Inc. announced that actor and comedian J.B. Smoove will headline the company’s new creative campaign, “Get Down With Your Judgement Free Self,” and partner with the brand in the first quarter of 2019.
2018 Year In Review: Movers And Shakers Give Industry New Look
The active lifestyle, outdoor and sporting goods industries saw plenty of executive appointments and promotions in 2018, with companies like Nike Inc. and VF Corp. among those that saw the most announcements throughout the year, including G. Scott Uzzell (pictured) being named president and CEO of Nike subsidiary Converse Inc.
2018 Bankruptcy Blotter
Performance Bicycle and Sears led a number of companies that landed in bankruptcy court in 2018 although the case load was lighter than recent years and a major liquidation was avoided for a change. Others major filings included Rockport, Bon-Ton, Walking Company, Remington Outdoor and AcuSport.
TeamSnap Appoints VP To Expand Payments Platform
TeamSnap, based in Boulder, CO, has hired, Becky Kopplin, as the company’s vice president of payments in an effort to expand its popular payments solutions platform to better serve the growing demand from sports and recreation clubs, leagues and teams.
Twitter CEO And NBA Commissioner To Discuss Partnership At CES 2019
The Consumer Technology Association (CTA) announced that Twitter CEO Jack Dorsey and NBA Commissioner Adam Silver will sit down for a conversation with ESPN anchor Rachel Nichols at CES 2019. The session, #NBATwitter: A Conversation with Adam Silver and Jack Dorsey, will discuss their innovative partnership, the NBA’s approach to sports technology with a spotlight on #NBATwitter and the reasons the vibrant community continues to flourish.
Report: USA Cycling To Hire Rob DeMartini As CEO
USA Cycling plans to hire Rob DeMartini, who is stepping down as New Balance’s president and CEO at the close of the year, as its new CEO, according to Cycling News. He replaces outgoing CEO Derek Bouchard-Hall.
Former NYC Marathon Exec Mary Wittenberg Joins EF Education First
EF Education First (EF), the world leader in international education, announced that experienced sport and fitness executive Mary Wittenberg has joined EF as president of EF Pro Cycling. Wittenberg will help position the team for future success and promote EF’s mission of opening the world through education by encouraging people to step outside of their comfort zones and explore the world.
Spartan Race/24 Hour Fitness Float Heading To Rose Parade
24 Hour Fitness will be introducing a Spartan Race-themed float for Pasadena’s 130th Rose Parade.
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