April 19, 2021
The Consumer Product Safety Commission issued an urgent warning to consumers to stop using Peloton’s Tread+ treadmill, citing a child’s death and multiple reports of children and pets being sucked under the tread slats.
Controversy rocked European soccer over 24 hours as 12 storied clubs from England, Spain and Italy announced the formation of a European Super League to rival the UEFA Champions League on Sunday.
The ratings agency changes Amer’s outlook to stable from negative, and now sees the Anta Sports-controlled company’s operating performance recovering from sales and earnings hits it took during the pandemic.
The Clemson quarterback and presumptive No. 1 NFL draft pick will sign with the Three Stripes, according to Sportico, citing sources close to the matter.
Revenue at the no-tie shoelaces brand plunged last year to just $3.6 million from $11.0 million in 2019, with about 75% of sales coming through its own e-commerce site and via Amazon Marketplace.
As with Anta and Xtep’s results reported last week, Chinese sportswear brands Li Ning and 361° saw an improvement in Q1 retail sales lapping last year’s pandemic outbreak.
The eight-year-old paddleboard maker, which also sells SUPs and accessories under the Nautical and Blackfin brands, has received an unspecified equity investment from private equity firm Dubin Clark.