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  • 16
    Jul
    2020

    U.S. Retail Sales Climb 7.5 Percent In June

    Article From:SGB Media U.S. retail sales jumped 7.5 percent in June from the prior month as some stores and restaurants reopened. Results came out ahead of Reuters expectations calling for an increase of 5 percent. The gains were on top o...

  • 16
    Jul
    2020

    NRF Delays NYC Big Show Until June 2021, Adds January Virtual Event

    Article From:SGB Media The National Retail Federation announced its annual exposition and conference will take place in-person at the Jacob Javits Convention Center in New York City June 6-8, 2021. In addition, NRF is hosting a virtual ev...

  • 15
    Jul
    2020

    Yue Yuen’s June’s Sales Slumped 11 Percent

    Article From:SGB Media Yue Yuen Industrial (Holdings) Ltd. reported sales in June reached $724.6 million against $810.5 million, representing a decline of 10.6 percent. For the six months, sales were down 19.4 percent to $4.09 billion fro...

  • 14
    Jul
    2020

    SFIA Launches Stimulus Campaign For Active Lifestyle Industries

    Article From:SGB Media In response to the economic damage, caused by COVID-19 on the active lifestyle industry, the Sports Fitness Industry Association (SFIA) will launch a campaign to promote the Personal Health Investment Today (PHIT) A...

  • 13
    Jul
    2020

    Russia’s Sportmaster wants to trade more online

    Article From:SGI Europe Russias biggest sporting goods retailer, Sportmaster, plans to boost the share of sales online to 30 percent, as compared to 12 percent before the coronavirus pandemic, said Dmitry Strakhov, Sportmasters sales and...

  • 13
    Jul
    2020

    New P2B regulation for a fair platform business

    Article From:SGI Europe On July 12, 2020, a new Platform-to-Business Regulation (P2B) came into force in the European Union to ensure more transparency and fair competition from internet marketplaces and online platforms. One of the reaso...

  • 10
    Jul
    2020

    Nautilus Explores Sale Of Octane Fitness

    Article From:SGB Media Nautilus Inc. announced its plan to pursue efforts to find a potential buyer for Octane Fitness to focus solely on the home fitness equipment market. Our decision to explore the potential sale of Octane Fitness is a...

  • 09
    Jul
    2020

    Report: Under Armour Looking To Sell MyFitnessPal

    Article From:SGB Media Under Armour is looking to sell MyFitnessPal, a smartphone app and website that tracks diet and exercise, according to a report in The Information. Under Armour declined to comment. Under Armour acquired the app in...

  • 09
    Jul
    2020

    FC Barcelona To Seek Compensation From Nike For Flawed Jerseys

    Article From:SGB Media FC Barcelona plans to seek a monetary recovery from Nike after discovering its new football kits are defective, according to the Financial Times. The report stated that a manufacturing error caused the colors to ble...

  • 08
    Jul
    2020

    Fitness Industry Owners Call On Governors To Keep Gyms Open

    Article From:SGB Media Over 60 of Americas top fitness industry leaders signed an open letter calling on all U.S. state governors to allow gyms to remain open safely as states take action to curb the COVID-19 crisis. The letter cites spec...

  • 08
    Jul
    2020

    Lululemon To Acquire Mirror Fitness System For $500 Million

    Article From:SGB Media Lululemon Athletica Inc. has entered into a definitive agreement to acquire Mirror, a home fitness start-up that sells a $1,495 wall-mounted machine for streaming workout classes. The purchase price is $500 million....

  • 07
    Jul
    2020

    Survey: A Third Of Supply Chain Leaders Exiting China By 2023

    Article From:SGB Media A Gartner Inc. survey of 260 global supply chain leaders in February and March 2020 found that 33 percent had moved sourcing and manufacturing out of China or plan to do so in the next two to three years. Survey res...

  • 07
    Jul
    2020

    NPD Report: Running Regains Its Stride

    Article From:SGB Media The U.S. performance running market has turned a corner during the COVID-19 pandemic. Dollar sales rebounded in mid-May and in the week ending June 20 grew by 30 percent compared to last year the highest sales gain...

  • 07
    Jul
    2020

    Henan Racing Sports Facilities Co., Ltd.

    Henan Racing Sports Facilities Co., Ltd. Is a manufacturer of integrated sports flooring located in Henan Province. The products are exported to United States, Pakistan, Peru, Australia, the Philippines, New Zealand, etc. China Sport Show B...

  • 06
    Jul
    2020

    Analysis: Industry stocks rebound 34.5% in Q2

    Article From:SGI Europe Confirming an earlier report, Head has announced its acquisition of Zoggs, the Australian brand of swim goggles, Investors are evidently persuaded now that the sporting goods sector will recover from the Covid-19 c...

  • 06
    Jul
    2020

    Head confirms the takeover of Zoggs

    Article From:SGI Europe Confirming an earlier report, Head has announced its acquisition of Zoggs, the Australian brand of swim goggles, forming a water sports group with an annual turnover estimated at well over 100 million. Its an inter...

  • 03
    Jul
    2020

    GNC Files For Bankruptcy, Plans To Close Up To 1,200 Stores

    Article From:SGB Media GNC Holdings Inc. said it has filed for chapter 11 bankruptcy protection with plans to sell itself and close 800 to 1,200 of its roughly 7,300 locations. The Pittsburgh-based vitamin-and-supplement retailer, along w...

  • 03
    Jul
    2020

    OBIT: Frank Dassler

    Article From:SGB Media Frank Dassler, the grandson of Puma founder Rudolf Dassler, has passed away at the age of 64. Frank Dassler was born on June 14, 1956 in Nuremberg as the son of the founding family of Adidas and Puma. For decades, h...

  • 02
    Jul
    2020

    NCAA Study Finds Student-Athletes Thrive In Life After Graduation

    Article From:SGB Media An NCAA study finds that college graduates who participated in NCAA athletics enjoy a host of positive long-term life outcomes at greater rates than non-athletes, among them wellbeing. The study was based on a surve...

  • 02
    Jul
    2020

    New York marathons and others are cancelled, some go virtual

    Article From:SGI Europe Running has flourished during the corona-related confinement as an individual sports activity. Nevertheless, the 2020 edition of the famous New York City Marathon, which was scheduled to take place on Nov. 1, has b...

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