Industry News
Industry News Archive for dates of Wednesday, June 3, 2020 thru Tuesday, June 16, 2020
- Bike market skyrockets, with sales up 75% in April 06/16/2020 bicycleretailer.com - U.S. cycling sales through all retail channels grew 75% in April to a total of about $1 billion in retail sales for the month, according to The NPD Group. NPD said April...
- Former Wigwam CEO sues sock maker for breach of contract after sudden termination in April 06/16/2020 sheboyganpress.com - The former CEO of Wigwam Mills, Inc. is suing the company for failing to follow the termination procedures outlined in his contract after he said he was fired without cause in April. The lawsuit comes...
- Fitbit introduces ready for work solution to help employers manage workplace health and safety during the COVID-19 pandemic 06/16/2020 fitbit.com - Fitbit’s Ready for Work solution gives employees access to key health metrics from their Fitbit device along with exposure, symptom and temperature logging, all within an easy-to-use Daily Check-In feature that provides...
- Spartan Race holds first mass participation event since COVID-19 began 06/15/2020 obstacleracingmedia.com - Spartan Race put on its first obstacle race since early March on Saturday in Jacksonville, Florida. Spartan, had cancelled 22 events to date, losing millions during the 2020 pandemic. A smaller event with their Trail...
- 24 Hour Fitness declares bankruptcy, citing “devastating” coronavirus hit 06/15/2020 cbsnews.com - 24 Hour Fitness has filed for bankruptcy protection, marking the second national gym chain to go under since the coronavirus pandemic erupted across the U.S (Gold's Gym filed for bankruptcy last month). The bankruptcy comes one day...
- Lululemon earnings miss despite online surge but CEO upbeat on new normal 06/11/2020 investors.com - Lululemon earnings tumbled to 22 cents a share with revenue down 17% to $652 million. E-commerce revenue jumped 68% to $352 million. Digital sales accounted for 54% of total revenue. on IBD.
- Patagonia CEO Rose Marcario is stepping down 06/11/2020 fastcompany.com - She joined the company in 2008 and leaves a legacy of a financially strong company that has become the exemplar for social and environmental activism. on Fast Company.
- A single session of exercise alters 9,815 molecules in our blood 06/11/2020 nytimes.com - The extensive molecular changes that occur during and after working out underscore how consequential activity is for our bodies and health. in New York Times.
- Under Armour makes a mask for athletes to use when working out 06/11/2020 footwearnews.com - Designed with three layers, the UA Sportsmask, which is a reusable and water-resistant performance face mask, was made with breathability in mind. The mask was also designed to reduce the spread of respiratory...
- Emerald Holding, Inc. to receive $400 million convertible preferred stock infusion led by Onex 06/10/2020 shop-eat-surf.com - Onex Corporation announced an agreement with Emerald Holding, Inc. a leading operator of business-to-business trade shows in the U.S., on a $400 million convertible participating preferred equity investment led by Onex Partners...
- CrossFit CEO steps down after release of controversial Zoom call 06/10/2020 sfgate.com - Greg Glassman stepped down as CEO of CrossFit shortly after a report said the founder of the fitness company made several controversial statements during a private Zoom call with gym owners. Glassman's statements...
- Outdoor Retailer announces June virtual event 06/09/2020 insideoutdoor.com - A virtual, three-day business, networking and educational event, it will include live programming that will run from July 21-23, 2020, and online tools will be available to registered exhibitors and attendees throughout...
- 24 Hour Fitness starts to reopen, but S&P downgrades debt rating and potential bankruptcy looms 06/09/2020 forbes.com - Gym giant 24 Hour Fitness Worldwide has nearly four million members for its 440 clubs in 14 states, but the coronavirus has been a crippling blow for the chain since it announced...
- Reebok ends partnership with CrossFit after CEO’s comment on George Floyd 06/08/2020 cbssports.com - In addition to Reebok ending its partnership, other CrossFit affiliates such as CrossFit Magnus, Petworth Fitness, Rogue and NoBull announced that they would also be ending their affiliations with the company. on...
- Wolverine seeing online sales surge in second quarter 06/08/2020 sgbonline.com - Wolverine World Wide Inc., in a business update, said owned e-commerce grew more than 90 percent in the first nine weeks of the second quarter of fiscal 2020, helping the company deliver...
- The pandemic is forcing ski towns to rethink tourism 06/08/2020 outsideonline.com - When once crowded mountain communities like Breckenridge, Colorado, saw visitors vanish this spring, locals scrambled to mitigate the economic damage and plot a return, while keeping their towns' character intact. on Outside.
- An adventure photographer shares what racism looks and feels like 06/08/2020 adventure-journal.com - Read this essay written by Tsalani Lassiter in Adventure Journal.
- Tokyo weighs scaled-back olympics, says governor 06/04/2020 barrons.com - Tokyo 2020 officials are looking at ways to scale back next year’s postponed Olympics, the city’s governor said Thursday, amid reports the opening ceremony could be streamlined and spectator numbers cut. on...
- This 73-year-old man fought off a grizzly attack in Eastern Idaho 06/03/2020 theinertia.com - Grizzly bears are beautiful beasts. But they’re also one of the more dangerous animals inhabiting the U.S. (ocean or land), killing on average about two people every year. Thankfully Gregory Godar didn’t...
- Canada Goose shares rise after earnings beat expectations 06/03/2020 marketwatch.com - Shares of Canada Goose Holdings Inc. rose 3.8% in Wednesday premarket trading after the outerwear company reported fiscal fourth-quarter earnings that beat expectations. Net income for the period ending March 29 totaled...
