BUSINESS NEWS

August 30, 2024

Lululemon cuts guidance, misses sales estimates after botched launch of ‘unflattering’ yoga pants

Lululemon lowered its guidance and posted its first revenue miss in more than two years on Thursday after it botched a highly anticipated product launch. The company now expects full-year net revenue to be between $US10.38 and $US10.48 billion ($15.4b) down from a previous range of between $US10.7 billion and...

August 24, 2024

Investor interest in women’s sports skyrocketing

A growing number of investors are upping their spend on women's sports teams as viewership and media deals grow. This growth is set to continue as the business of sports overall is increasingly attracting a widening pool of professional investors such as private equity firms, pension funds and investment firms....

August 23, 2024

Women’s Elite Rugby Adds Teams in New York, San Francisco and Twin Cities

Women’s Elite Rugby has announced New York, the San Francisco Bay Area and the Twin Cities will be joining Boston, Chicago and Denver as the first six markets in the United States to host a professional women’s rugby team when the inaugural season gets underway in March 2025. Team names...

August 19, 2024

How much do Olympic champions get paid?

Newly-crowned Olympic champions from Paris 2024 don’t just win bragging rights–national Olympic committees (NOC) or national governments from around the globe reward the achievements of their star athletes with a cash prize. With the expenses that go into being an elite athlete, these funds can go a long way in...

August 19, 2024

The North Face Taps OutsidePR as Performance Public Relations Agency of Record

Sausalito, Calif., (Aug. 19, 2024)/SPORTSWIRE WOMEN/ – OutsidePR, North America’s leading boutique active lifestyle and outdoor PR agency, is proud to announce its partnership with the storied outdoor equipment brand, The North Face. The alignment aims to further cement The North Face as the world’s leading outdoor brand, by highlighting...

August 13, 2024

Micky Lawler, a Longtime Tennis Executive, Turns to Basketball

As a child, Lawler, whose father was an executive with a Dutch electronics company, lived in seven countries: the Netherlands, where she was born, Colombia, Argentina, Bolivia, Kenya, France and Belgium. But the move that impacted Lawler the most came when she was 24 and returning to the Netherlands after...

August 12, 2024

$2M Cash Injection Sends WNBA’s Worst Team To League-Leading Valuation

The WNBA’s worst team may be, at least temporarily, its most valuable. The Dallas Wings, tied for last in the league at 6–19, are now valued at $208 million after two investors bought a 1% stake in the team at $2.08 million. That surpasses every team’s listed value from Sportico’s published...

August 12, 2024

Fortuna Investments Launches Women’s Sports Investment Platform

MIAMI and LOS ANGELES, Aug. 12, 2024 -- Fortuna Investments (“Fortuna”), a venture capital and advisory firm focused on high-growth industries, announced today the launch of a new investment platform dedicated to providing resources to support women’s professional sports, at a time of exciting and rapid expansion in the sector. The platform...

August 12, 2024

All-Star Dearica Hamby sues WNBA, Aces alleging discrimination, retaliation for being pregnant

Los Angeles Sparks All-Star Dearica Hamby sued the WNBA and her former team in federal court Monday regarding her treatment from the Las Vegas Aces while pregnant. Hamby's lawsuit alleged the Aces discriminated and retaliated against her, leading to her January 2023 trade to the Sparks. The Aces did not...

August 8, 2024

OutsidePR Expands to Australian & New Zealand Markets

Sausalito, Calif. (August 8, 2024) /SPORTSWIRE WOMEN/ - OutsidePR (OPR), North America’s leading boutique active lifestyle and outdoor public relations agency, is proud to announce its expansion to the Australian market. With the Australian & New Zealand (ANZ) region growing in popularity and awareness for active outdoor pursuits, business, travel...

August 7, 2024

Women’s March Madness Could Finally Get $25M in ‘Units’

On Tuesday, the NCAA’s Division I Board of Directors released a proposal for distributing a pot of up to $25 million in prize money in the women’s March Madness tournament, starting with the 2025 event. The proposal, which will not see a final vote until the NCAA convention in January,...

August 6, 2024

Simone Biles’ Post-Olympic Tour Could Make Millions

Simone Biles broke her own record yet again on Monday, adding an 11th career Olympic medal with a silver in floor exercise to extend her lead as the most decorated U.S. gymnast in Olympic history. Already she’s fielding questions about a potential return in 2028 for the Summer Olympics in Los Angeles....

August 6, 2024

Garmin enables premium app purchases in the Connect IQ Store and unveils fun new watch faces and apps

OLATHE, Kan./August 6, 2024/SPORTSWIRE WOMEN/ - Garmin (NYSE: GRMN) today announced that customers can now make purchases in the Connect IQ™ Store using Garmin Pay™. This seamless integration rewards developers for their innovative designs while also providing Garmin customers with access to premium watch faces and apps from brands like...

August 6, 2024

Parity Appoints Mandy Anderson As VP of Sales

[New York, NY, August 6, 2024] /SPORTSWIRE WOMEN/ - Parity, the sponsorship platform dedicated to closing the gender income and opportunity gap in professional sports, today announced industry executive Mandy Anderson has joined the company as Vice President, Sales. With multiple decades experience driving revenue growth initiatives for leading media...

August 5, 2024

85% of industry leaders forecast double-digit growth in women’s sports

PwC’s report stated that the sports sector is becoming highly sought-after due to continued revenue growth (based on media rights and sponsorship deals) and more sustainable business models emerging. Sports experts surveyed were optimistic about institutional investors’ prospects, especially with growth in the sports market. Though growth isn’t universal, PwC...

August 4, 2024

Female investors join new Charlotte professional women’s soccer team’s ownership

A group of women investors called Empower HER Fund, LLC now owns 25% of Carolina Ascent, Charlotte's new professional women's soccer team. Carolina Ascent is one of eight clubs that will play in United Soccer League Super League, a new professional women's league kicking off this month. It's also the Charlotte's...

August 1, 2024

UConn Star Paige Bueckers Inks NIL Deal With Unrivaled Basketball League, per Report

UConn women's basketball star Paige Bueckers will sign an NIL deal with the new professional women's 3-on-3 Unrivaled basketball league, according to a report from Shams Charania of The Athletic. The deal for Bueckers is historic, as she becomes the first NCAA athlete to receive ownership equity in a league as...

August 1, 2024

IPA Connect branches out into Fitness & Yoga

Hood River, OR/SPORTSWIRE WOMEN/ – IPA Connect, the leading outdoor recreation industry pro management company, has branched out to create a new fitness and yoga brand pro collective. Fitness industry professionals from personal trainers to instructors for yoga, spin, barre, Pilates, and CrossFit to gym and studio owners are eligible to...

July 31, 2024

San Diego Wave’s Jill Ellis Sues Ex-Employee for Defamation 

San Diego Wave FC president Jill Ellis says a “disgruntled former employee” of the club defamed her on X and Instagram earlier this month by portraying Ellis as fostering an abusive work environment and then used “fake emails” to validate that critique. Through her attorney, Ryan Stonerock of Harder Stonerock, Ellis sued former Wave video...

July 29, 2024

Angel City FC Launches Fund to Empower Los Angeles Youth

Angel City Football Club (ACFC) of the NWSL has launched the Angel City Impact Fund, the LA-based women’s professional soccer team’s philanthropic arm. The nonprofit’s inaugural initiative will expand ACFC’s community partnership with the City of Los Angeles Department of Recreation and Parks. The goal is to serve over 7,000...

July 29, 2024

Michele Kang launches first global multi-team women’s soccer organisation

Kang becomes the first person to own an international organisation entirely dedicated to women’s soccer. KIH, which is central to Kang’s mission, aims to raise US$100 million to support its goals. Kang will contribute US$50 million in combined seed funding and matching funds to support KIH. Under Kynisca, the National Women’s Soccer...

July 27, 2024

First women’s sports bar in California officially opens

The lines wrapped around the block and customers waited hours to get a table at California’s first sports bar dedicated to women's sports. Resting on the 6500 block of Pacific Coast Highway in Long Beach, Watch Me! Sports Bar celebrates women athletes and their achievements. Eddy and her partner, Jax...

July 26, 2024

deboer swim partners with NGO Relate Water to bring clean water to rural Africa 

London, 26 July 2024 /SPORTSWIRE WOMEN/ – deboer swim, a leading manufacturer of premium swim products, and Relate Water, a non-profit social enterprise, today announced a groundbreaking founding partnership aimed at providing clean, accessible water to rural South African villages. The partnership, which was formally announced at the London leg...

July 25, 2024

Olympic Coach Fired Before Opening Ceremony

Canadian women's soccer Olympic head coach Bev Priestman was fired following allegations of using a drone to spy on opponents hours after the team's 2024 Paris Olympics pre-Opening Ceremony match, the Canadian Olympic Committee announced Thursday (July 25). Assistant coach Andy Spence will serve as the team's head coach for the remainder of the 2024 Paris Olympic Games. Assistant coach Jasmine...

July 21, 2024

WNBA: Viewership tops records as rookies shine, women’s sports interest grows

Talks to finalize an "historic" WNBA media deal that press reports suggest would be around $200 million a year, up from $60 million currently, reinforces the rising popularity of the league and women's professional sports in general, Commissioner Cathy Engelbert said on Saturday. With Saturday's WNBA All Star Game followed...