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Participation and Industry Vitality

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Bisu Takes Home Grand Prize at the 5th Annual SFIA Start-Up Challenge!

 

Ten finalists were chosen to compete in the 2021 SFIA Start-Up Challenge, each receiving 15 minutes of live Q&A, in front of 140+ judges. Judges included sports & fitness leaders and renowned industry investors and innovators. Bisu Co-founder and CEO, Daniel Maggs, presented the revolutionary home health lab that provides personalized nutrition and lifestyle advice through urine and saliva tests. Bisu takes home the grand prize, which includes access to and experience with the Under Armour Innovation Team; a cash prize and brand protection software provided by OpSec Security; and a digital media package provided by Spark Inc. and much more!

To learn more about the competition, click here.

 

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Congress Re-Introduces PHIT Act in Efforts to Reduce Cost of Active Lifestyles 

 

The Personal Health Investment Today (PHIT) Act was re-introduced in the House of Representatives as H.R. 3109 on May 12. The PHIT Act aims to help Americans save money on activity-related expenses (i.e. gym membership, sports league fees, equipment, fitness classes, etc.) to lower the financial barrier that stands between many Americans and a healthy, active lifestyle. SFIA commends Congressman Ron Kind (D-WI) for his leadership on PHIT and applauds fellow Ways & Means members, Representatives Mike Kelly (R-PA), Terri Sewell (D-AL) and Darrin LaHood (R-IL) for joining Congressman Kind as original cosponsors. 

Click here to learn more about PHIT & how it can help individuals and families across America.

The U.S. Trade Representative has not yet released the key dates and information regarding the exclusion process for List 4. As soon as the USTR releases this information, SFIA will offer a program to assist with List 4 tariff exclusion petitions, just as they are currently doing for List 3 tariff exclusions. List 3 tariff exclusions were submitted on September 30, 2019, and we are waiting on results.

SFIA Webinars are Free to all SFIA Members!

 

SFIA continues to produce educational webinars on today's most pressing topics - ranging from trade to consumer trends to participation and much more! Take advantage of your SFIA membership, and join us for hour-long seminars & live Q&A with invited experts to help you deal with everyday challenges. The sports and fitness landscape is changing rapidly, and we are here to bring attention to subjects affecting your business.

If you are interested in presenting an SFIA webinar, or would like to request a topic to be covered, please email Alli Schulman at aschulman@sfia.org. Register for upcoming webinars here, and be sure to check back frequently, as new webinars are always added to the calendar. 

To access previous webinars, click here.

 
 
 
2018 National Health Through Fitness Day

Consumer Fitness Category Drives Overall Market Growth in 2020, According to Manufacturers' Sales Report
 

SFIA has released the 2021 Manufacturers' Sales by Category Report, reflecting sales data from 2020, including 5-year trends. Despite an economic recession in 2020, the U.S. sports and fitness market, including footwear, apparel and equipment, grew by 0.6 percent in 2020. 
 
The impact of the recession was very unique in sports and fitness, highlighting specific categories that gained popularity under nationwide restrictions. Consumer fitness was booming in 2020. Free weights, exercise benches, home gyms and exercise cycles  were the biggest gainers in the consumer fitness category. This report is available to SFIA members for free, and available to non-members for $245.
 
 

 

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