Lucky Brand Files For Bankruptcy, Enters Sales Agreement
Lucky Brand Dungarees filed for bankruptcy and reached an agreement with SPARC Group LLC (SPARC) and Authentic Brands Group on the sale of the company.
USA Cycling Cancels National Championships
USA Cycling announced the cancellation of multiple National Championships for the 2020 season.
PrimaLoft Inks Global License Agreement With Fiberpartner
PrimaLoft, Inc. inked a licensing agreement with Fiberpartner, a global supplier of stapled fibers, technical yarns and plastics. The agreement allows Fiberpartner to develop the use of Primaloft’s PrimaLoft Bio technology in multiple new industries.
University Of Denver Adding Women’s Triathlon As Varsity Sport
USA Triathlon, along with Karlton Creech, University of Denver Vice Chancellor for Athletics, Recreation and Ritchie Center Operations, announced that the University of Denver will add women’s triathlon to its varsity sport offerings. The school is the 37th in the nation, the second in Colorado and the ninth at the NCAA Division I level to add the sport.
NRF: Pandemic Recession Could Already Be Easing
The economic downturn brought on by the coronavirus pandemic has officially been declared a recession, but National Retail Federation Chief Economist Jack Kleinhenz said the key question is how long it will last.
AAFA Welcomes USMCA Implementation
American Apparel & Footwear Association (AAFA) President and CEO Steve Lamar welcomed the implementation of the U.S.-Mexico-Canada Agreement (USMCA) ahead of its entry into force on July 1.
Hannibal-LaGrange University Partners With BSN Sports And Nike
Hannibal-LaGrange University in Missouri announced that it has entered into a multi-year partnership with Nike through BSN Sports to make Nike the official apparel of HLGU Athletics. BSN will also serve as the official equipment provider.
Macy’s Reports $3.58 Billion Quarterly Loss
Macy’s Inc., in line with a pre-announcement, reported a steep loss in the first quarter but said it expects sales to gradually improve over the remainder of the year as coronavirus lockdown orders ease. Said CEO Jeff Gennett. “We do not anticipate another full shutdown, but we are staying flexible and are prepared to address increases in cases on a regional level.”
PeopleForBikes President Announces Retirement
After 16 years at the helm of PeopleForBikes and four decades working in the bike industry, President Tim Blumenthal has announced his retirement. Jenn Dice, the organization’s COO, will become president and CEO on July 1.
Pocket Outdoor Media Acquires Three Divisions From Active Interest Media
Pocket Outdoor Media (POM), the endurance sports media platform, announced the acquisition of the Healthy Living, Fitness, and Outdoor divisions of Active Interest Media (AIM). Included in the AIM acquisition are: Yoga Journal, SKI, Climbing, Backpacker, Warren Miller Entertainment, Oxygen, IDEA Health and Fitness Association, Clean Eating, Vegetarian Times, Better Nutrition, NatuRx, Muscle & Performance, Nastar, Fly Fishing Film Tour, National Park Trips, and SNEWS.
Adidas HR Chief Resigns Following Claims Of Discrimination
Karen Parkin, executive board member of Adidas AG, responsible for global human resources, has informed Adidas AG’s Supervisory Board that she will step down from the Executive Board and leave the company. The move comes as Adidas has faced criticism from employees who say it fosters a racist and discriminatory workplace.
Fanatics Expands Paris Saint-Germain Deal
Paris Saint-Germain announced it has partnered with Fanatics on a ten-year e-commerce, manufacturing and licensing deal. The deal is a massive expansion and extension from the previous e-commerce-only arrangement between the two groups.
Adidas, Arc’teryx, Vans, Lululemon Join Faceook Boycott
Adidas, Reebok, Lululemon, Arc’teryx and MEC have joined the boycott of Facebook after six civil rights groups called on businesses to stop advertising on Facebook in July to push the social network to do more to combat hate speech and misinformation.
Survey: A Third Of Supply Chain Leaders Exiting China By 2023
A Gartner Inc. survey of 260 global supply chain leaders in February and March 2020 found that 33 percent had moved sourcing and manufacturing activities out of China or plan to do so in the next two to three years. Survey results show that the COVID-19 pandemic is only one of several disruptions that have put global supply chains under pressure.
Lululemon To Acquire Mirror Fitness System For $500 Million
Lululemon Athletica Inc. announced that it has entered into a definitive agreement to acquire Mirror, a home fitness start-up that sells a $1,495 wall-mounted machine for streaming workout classes. The purchase price is $500 million.
