Industry News
Industry News Archive for dates of Wednesday, March 25, 2020 thru Tuesday, April 7, 2020
- Coronavirus: Paris bans daytime outdoor exercise 04/07/2020 bbc.com - Authorities in Paris have banned exercise outside during the day, as deaths from coronavirus continue to rise in France daily. The Paris daytime jogging ban followed a sunny weekend marked by large...
- REI plans to furlough most retail employees for three months 04/07/2020 snewsnet.com - After closing all 162 of its stores last month while keeping employees on the payroll, the company has now decided that many workers will lose income for 90 days. on SNEWS.
- Hylete raises $12 million in equity funding 04/07/2020 sgbonline.com - Hylete, Inc., the fitness lifestyle brand based in Solana Beach, CA, announced a $12 million equity raise under a Regulation A Tier 2 offering. Hylete was founded in 2012 as a direct-to-consumer...
- Emerald Holdings event cancellations totaled $116M in revenue last year 04/06/2020 sgbonline.com - Emerald Holding Inc. said the 23 events it has canceled to date—including Outdoor Retailer Summer Market, which was scrapped last week—accounted for approximately $116 million of 2019 revenue. Emerald ended the first quarter...
- Peloton halts live classes as employee tests positive for COVID-19 04/06/2020 businessinsider.com - Peloton Interactive Inc said on Monday it would pause live production of its exercise videos at its New York and London studios through April 30 after an employee at its New York City-based...
- Penske Media to launch sports business publication Sportico 04/02/2020 footwearnews.com - Penske Media Corp. announced it will launch Sportico, a digital content platform focusing on sports industry news, data, information, strategy, leadership and live media. Sportico joins the PMC portfolio, which also includes titles such...
- Outdoor Retailer Summer Market cancelled 04/02/2020 snewsnet.com - The nation's largest outdoor trade show, previously scheduled for June 23-25 in Denver, has been called off. on SNEWS.
- Honnold’s Monster Cams to Finger Packs: The Best Outdoor Industry April Fools’ Gags of 2020 04/01/2020 gearjunkie.com - Think big! Gear designers have some pretty incredible ideas. Too bad they don’t all become reality. Enjoy some of the most bombastic ideas brands came up with yesterday to puzzle, perplex, and...
- Retail landlords inundated with requests for rent relief 04/01/2020 insideoutdoor.com - The Lamy Group, an international financial management consulting firm specializing in retail and commercial real estate, has evaluated rent relief for retail landlords for decades, but this is the largest number of tenant...
- Columbia Sportswear CEO Tim Boyle cuts own salary to $10K, employees to receive regular pay 04/01/2020 oregonlive.com - Columbia Sportswear Company’s CEO has essentially eliminated his own salary while regular paychecks continue to go out to employees, including those who work at the company’s temporarily shuttered retail stores. Tim Boyle,...
- Adventure Travel Trade Association loses employee to coronavirus 04/01/2020 snewsnet.com - Aliaa Abaza, the Adventure Travel Trade Association's community lead for Europe, the Middle East, and Africa, passed away last weekend from complications of COVID-19. Aliaa is the first member of the outdoor...
- Grassroots cancels Connect Show and goes digital 03/30/2020 snewsnet.com - The show was scheduled to go down June 12-15 in Knoxville, Tennessee, one week ahead of Outdoor Retailer, which has not yet announced a cancellation. Instead, Grassroots has created a three-part "collaborative...
- U.S. Olympic orgs to lose more than $120M in revenue, data shows 03/30/2020 espn.com - The postponement of the Tokyo Games has catapulted the sports organizations that make up the backbone of the U.S. Olympic team into crisis. At least one has already started layoffs, and others...
- Nepal airlifting foreign trekkers from Everest region, sending them home 03/26/2020 adventureblog.net - After closing Everest for the spring 2020 climbing season, then shutting down all trekking activity a few days back, the government in Nepal is now working on just how to get all...
- Small Business Relief Tracker: Funding, grants and resources for business owners grappling with coronavirus 03/26/2020 forbes.com - In an effort to help business owners find financial relief, we’ve rounded up all of the government agencies, private companies and nonprofit organizations that are extending support. on Forbes.
- Lululemon’s Q4 earnings top estimates on online sales surge 03/26/2020 sgbonline.com - Lululemon Athletica Inc. reported net earnings rose 36.4 percent and slightly exceeded Wall Street’s targets. Same-store sales soared 20 percent, lifted by a 41 percent hike in online sales. Net revenue was $1.4...
- It’s time for the outdoor community to step up 03/25/2020 outsideonline.com - Some people are behaving badly in the face of a pandemic. Others are making the outdoor world proud. on Outside.
- Mum sets up epic obstacle course for her kids in quarantine. 03/25/2020 thesun.co.uk - One mum has come up with a genius idea, sharing on her Facebook page just exactly how she plans to keep her toddler busy, with an elaborate obstacle course. on Kidspot.
- Tokyo 2020 sponsors will retain rights in 2021, says Bach 03/25/2020 sportspromedia.com - A number of the IOC’s TOP sponsorship contracts are set to expire at the end of 2020, including those with General Electric, Procter & Gamble and Dow, and their status had been...
- Why Dick’s Sporting Goods is suspending CEO and president salaries amid the coronavirus pandemic 03/25/2020 footwearnews.com - Top executives at Dick’s Sporting Goods will not take home pay for a temporary period as the retailer braces itself for the coronavirus’s impact on its business. What’s more, Dick’s announced reductions in...
