Industry News
Industry News Archive for dates of Tuesday, July 21, 2020 thru Monday, August 3, 2020
- Emerald Holding’s Q2 Marred By Event Cancellations 08/03/2020 sgbonline.com - Emerald Holding Inc., the parent of Outdoor Retailer, Surf Expo and other trade shows, reported a steep decline in revenues in the second quarter due to event cancellations. To date, Emerald has...
- Former president of Smartwool, Mark Satkiewicz, dies at age 52 08/03/2020 snewsnet.com - A partner at SBT GRVL, former GM of TOMS, and former president of Smartwool, Satkiewicz passed away this weekend after a suspected cardiac incident during a bike ride near his home in...
- Under Armour warns sales will decline as much as 25% in second half of 2020 07/31/2020 cnbc.com - Under Armour said Friday that it was “encouraged” by the momentum it has seen in June and July, as its stores are reopening after temporarily being shut. During an earnings call, however,...
- Nepal Announces Reopening of Borders, Climbing this Autumn 07/31/2020 climbing.com - On August 17, Nepal will resume domestic and international air travel, once again open its borders to tourism, and issue climbing permits to selected peaks for the autumn season. on Climbing.
- Columbia Sportswear Looks To Fall/Winter Season, E-Commerce As Opportunities 07/31/2020 sgbonline.com - Columbia Sportswear’s second-quarter direct-to-consumer e-commerce business grew 72% year-over-year and represented 28% of global net sales during the quarter as the company managed through the impact of the global COVID-19 pandemic. on...
- Nike Details 500 HQ Layoffs in New Filing 07/31/2020 footwearnews.com - The company said it would permanently reduce its workforce by 500 employees at its Beaverton, Ore. headquarters. The layoffs will begin Oct. 1, with additional separations expected after that date. on Footwear...
- The Best Employers For Women In 2020. 07/29/2020 forbes.com - This year, sporting goods retailer REI jumped 20 places to grab top spot with a score of 87.6. British-Dutch multinational Unilever comes second on this year's list with a score of 87.03...
- National Parks Are Getting Trashed During COVID-19, Endangering Surrounding Communities 07/29/2020 time.com - This spring, following the onset of coronavirus, the park’s condition started to drastically worse - litter, graffiti, parked cars and hundreds of people splashed maskless in the canyon’s pools. on Time.
- Consumer Electronics Firm Garmin Tops Views On Fitness Device Strength 07/29/2020 investors.com - The outdoor recreation, fitness and navigation device maker crushed Wall Street's targets for the second quarter, but the Garmin earnings news pushed GRMN stock lower. on Investor’s Business Daily.
- Outdoor Retailer Online: What went right, what didn’t, and what we’ve learned so far 07/29/2020 snewsnet.com - Last week, virtual events faced perhaps their biggest litmus test yet when Outdoor Retailer Online opened to brands, retailers, media, and designers across the world. Whether or not it succeeded depends on...
- Row House Surpasses 300 Franchise Agreements 07/28/2020 sgbonline.com - With close to 75 studios already open, the accomplishment falls in line with the brand’s goal to have over 300 new locations by 2022. Recently signed agreements will bring at least one...
- Spartan Race Cancels The Rest Of The U.S. 2020 Season 07/28/2020 obstacleracingmedia.com - Since March, it has been a never-ending series of postponements, venue changes and overall uncertainty. Spartan has been working consistently with local governments, attempting to get more events going during the pandemic,...
- Garmin confirms cyber attack as fitness tracking systems come back online 07/27/2020 theverge.com - Garmin on Monday confirmed that it was the victim of a cyber attack on July 23 that led to a significant outage for the company’s popular fitness tracking services. After downtime that...
- Incoming CrossFit CEO Eric Roza has signed a contract to buy 100% of the fitness company from controversial founder Greg Glassman 07/25/2020 businessinsider.com - Roza, the owner of the affiliate gym CrossFit Sanitas in Boulder, Colorado, is partnering with private equity firm Berkshire Partners in acquiring CrossFit. on Business Insider.
- Arrive Outdoors, the gear rental platform for outdoor adventures, raises $4.75 million 07/23/2020 techcrunch.com - The company allows users to choose gear on an a la carte basis, or choose a pre-packaged kit of items, and reserve their gear for free. The equipment is shipped in a...
- Outdoor Retailer announces 2020 Inspiration Award winners 07/23/2020 snewsnet.com - The organizers of Outdoor Retailer presented the annual Inspiration Awards to industry leaders in six categories: individual, manufacturer, retailer, nonprofit organization, youth, and a new category called #weareCommunity, meant to highlight exceptional...
- Majority Of Americans Don’t Plan To Renew Gym Memberships Post-COVID-19 07/23/2020 sgbonline.com - According to a survey from TD Ameritrade, 59% of Americans don’t plan to renew their gym memberships after the pandemic is over. As reported by CNBC, the survey showed 56% of those...
- Nike Announces Major Reorganization, Job Cuts 07/22/2020 shop-eat-surf.com - NIKE, Inc. announced a series of senior leadership changes supporting the company’s Consumer Direct Acceleration. Amy Montagne becomes VP/GM, Men’s, Whitney Malkiel becomes VP/GM, Women’s and McCallester Dowers becomes VP/GM, Kids. Carl...
- Mavic saved by French investment group 07/22/2020 velonews.com - After months of deliberations, courts in Grenoble have awarded investment group Bourrelier the ownership of historic French cycling brand Mavic SAS. 105 jobs were saved by the takeover as the new owners...
- Inside the Pikes Peak Apex’s plan to race during the coronavirus pandemic 07/22/2020 velonews.com - Pikes Peak Apex organizers in Colorado Springs reveal their game plan to hold the mass-participant mountain bike stage race amid the coronavirus pandemic. The key, they say, is thinning masses of participants...
- Taking Down John Muir: Sierra Club Faces Founder’s ‘Racist’ History 07/22/2020 gearjunkie.com - The 128-year-old environmental advocacy organization acknowledged it had ’caused significant and immeasurable harm’ throughout its history. on GearJunkie.
