Sporting Goods Industry News for July 08, 2020
McKinsey & Company research reported that 60-95% of households are expecting a significant long-term drop in household finances, in a presentation at the World Federation of the Sporting Goods Industry’s latest webinar on Covid-19 trends.
The Spanish football club, which is in the middle of a 10-year kit deal with the Eager Beavertons which pays them at least €155 million a year, says that its latest home jersey bleeds colors when it gets wet, the Financial Times reported.
Schuylkill Valley Sports, which sued the screen-printing and embroidery company in May for hiring its former team sales manager and several of its salesmen that had been laid off, was denied a preliminary injunction and is now facing a counterclaim.
The NHL team announced that it would not change its name despite mounting pressure from some Native American groups and recent reporting that the Washington Redskins were contemplating a change.
In the three years since Spenco execs Jeff Antonioli and Brad Granger formed Waco Shoe Company and acquired their former employer’s footwear assets, sales of Spenco footwear has doubled.
The maker of dynamically stretchable and flexible circuits for performance apparel and other applications has closed a $10 million Series A financing round led by Deerfield Management Company.