November 17, 2020
Active segment sales accounted for 20% of the department store chain’s revenues in the third quarter, an implied $800 million. driven by both national and private brands.
A month after Icon Health & Fitness sued PTON for patent infringement, Peloton is now accusing its competitor of misappropriation of trade secrets in a suit filed in Wilmington, DE, federal court.
Adidas is going back to its family roots in striking a partnership with Legacy of Adi Dassler (Lead for short), an investment platform and a growth accelerator for sports-related start-ups launched in 2016 by four descendants of the late Adi Dassler, who founded Adidas in 1949.
The exercise tracking app and social network was valued at $1.5 billion in this Series F investment round, which was led by Sequoia Capital and TCV, and included participation from several more of its earlier investors.
Sporting Goods/Hobby/Book and Music Store adjusted sales continued their string of gains, growing 12% in Oct. to $7,590 million from $6,750 million, according to Commerce Dept. data.
Interior Secretary David Bernhardt issued an order that state and local governments would have to approve any spending by Land and Water Conservation Fund to acquire land.
The Theragun parent is acquiring RP Sports, and will add the RecoveryPump line of pneumatic compression products to its portfolio of therapeutic and recovery aids.