2016 Olympian Sydney McLaughlin Signs With New Balance
New Balance announced the signing of Sydney McLaughlin to a multi-year endorsement contract.
September Retail Sales Increased 3 Percent
Retail sales in September increased 0.4 percent over August on a seasonally adjusted basis and were up 3 percent year-over-year unadjusted, according to calculations released by the National Retail Federation. Sporting goods stores sales were down 6.3 percent unadjusted year-over-year and up 0.7 percent seasonally adjusted from August.
Fitness Takes A Hit With Sears Bankruptcy
In a blow to a number of fitness equipment suppliers, Sears, as expected, on Monday filed for bankruptcy protection. One fitness company, Icon Health And Fitness Inc., landed on Sears’ list of the top-20 unsecured creditors, owed $12.1 million.
Iconix Brand Group Appoints Robert Galvin As CEO
The board of directors of Iconix Brand Group Inc. on Monday announced that Robert Galvin has been appointed CEO, president and a member of the board of directors of the company effective October 15.
Sears Files For Bankruptcy; To Close 142 More Stores
Sears Holdings, the parent of Sears and Kmart, filed for Chapter 11 bankruptcy early Monday morning after a long battle to stay afloat amid steep declines in sales and customer traffic. As part of the bankruptcy, Sears will shutter 142 stores toward the end of the year.
StockX Expands To Europe
StockX, the sneaker re-seller website, officially launched the company’s expansion to the European market.
K-Swiss Supports United We Dream
K-Swiss announced the launch of a limited-edition DREAMer pack in support of United We Dream, the largest immigrant youth-led organization in the nation that organizes and advocates at the local and national levels for the dignity and justice of immigrants and communities of color in the U.S.
Implus Amplifies One-Stop-Shop Empire With SKLZ
In an interview with SGB Executive, Seth Richards, CEO of Implus, and Todd Vore, president, discuss the company’s game-changing acquisition of SKLZ, what it means to its expanding fitness platform and the evolution of Implus’ dynamic one-stop-shop solution for accessories that now covers 20 brands.
Simon To Develop NHL Seattle’s Headquarters
Simon Property Group, the shopping mall developer, announced the company is joining with NHL Seattle, the group closing in on obtaining an NHL franchise for the city, to have the team’s corporate headquarters and Training Center become a part of the re-imagined Northgate community.
Scheels To Open Store In Colorado Springs
Scheels All Sports plans to open the company’s second store in Colorado in Colorado Springs in the spring of 2021. The 220,000-square-foot store will feature a 65-foot, 16-car working Ferris wheel, giant saltwater aquarium, “wildlife mountain” of taxidermy specimens and 75 specialty shops.
18th Annual Spalding Hoophall Classic Presented Draws Elite Talent
The Naismith Memorial Basketball Hall of Fame announced the field of teams and game schedule for the 2019 Spalding Hoophall Classic presented by Eastbay, an annual basketball showcase now in its eighteenth year at Springfield College.
PGA Of America Appoints Board Member
Andrea B. Smith, chief administrative officer (CAO) at Bank of America, has been elected to the PGA Board of Directors as an independent director.
Report: Sears May Liquidate Before Holiday Selling
A bankruptcy filing by Sears Holdings, the parent of Sears and Kmart, is expected as soon as Monday when a major debt payment comes due. But sources told the Wall Street Journal that some of the company’s major lenders are pushing for an outright liquidation to avoid any bankruptcy restructuring phase. A liquidation would waylay the fitness equipment category and add promotional pressures to holiday selling.
Aisle Talk Week Of October 8
Top headlines from the active lifestyle industry you may have missed this week, including Asics announcing the opening of an urban, large-scale, low oxygen training center in Tokyo in September 2019.
Asics To Operate New Low-Oxygen Training Center
Asics announced the opening of an urban large-scale low oxygen training center in September 2019. The training center will be housed within a multi-purpose facility in Tokyo’s futuristic Toyosu district and will be approximately 5,000 square meters and occupy the second and third floors of the facility.
