Lolë Parent Files For Bankruptcy In Canada
Coalision, the Montreal-based parent of Lolë and Paradox activewear brands, has filed to reorganize under the Bankruptcy and Insolvency Act in Canada to seek new funding or a buyer.
NGF Finds Golf Participation Spiked In Areas That Faced Restrictions
According to analysis by the National Golf Foundation (NGF), golf participation has picked up in recent weeks in several key golf markets as courses reopen with the surge in play most pronounced in courses that faced restrictions.
Report: COVID-19 Has Not Reduced Consumers’ Demand For Sustainable Solutions
Kearney’s annual Earth Day survey found consumers still show a strong and growing interest in the environment even as COVID-19 continues to ravage the nation.
Emerald Holding To Receive $400 Million Convertible Preferred Stock Infusion
Emerald Holding Inc., the parent of Surf Expo, Outdoor Retailer and other trade shows, announced plans to raise $400 million through the issuance of convertible participating preferred stock to affiliates of Onex Corporation, the company’s controlling stockholder and in a subsequent rights offering.
Head Appoints VP of Marketing, North America
Head promoted Jeff Bardsley, a 27-year veteran, to VP of marketing, North America. Bardsley has held a variety of positions within Head Canada.
Mall Owner Simon Terminates Deal To Buy Taubman
Simon Property Group, the largest U.S. mall owner, announced that it has exercised its contractual right to terminate its February 9, 2020 merger agreement with high-end mall owner Taubman Centers. Simon argues that Taubman has breached its obligations, specifically by not taking steps “to mitigate the impact of the pandemic as others in the industry have.”
Survey Highlights Disruption Facing Endurance Race Events
According to a recent survey of nearly 400 endurance event professionals from Running USA, 67 percent expect to need additional funding to support their events beyond the Paycheck Protection Program (PPP).
MLS To Return July 8
Major League Soccer (MLS) announced the league’s plan to restart the 2020 season with all 26 clubs competing in the MLS is Back Tournament at ESPN Wide World of Sports Complex at Walt Disney World Resort in Florida beginning July 8.
Christy Sports Donates $165,000 For COVID-19 Relief
Christy Sports LLC, one of the largest ski retailers in the U.S., announced over $165,000 in donations for COVID-19 Relief. The company focused on contributions in Colorado, Utah, Washington, and New Mexico to support communities where they operate.
Outdoor Retailer Introduces Outdoor Retailer Online This Summer
Outdoor Retailer has launched a new Outdoor Retailer Online platform in the wake of the cancellation of Outdoor Retailer Summer Market due to COVID-19. An online, three-day outdoor business, networking, and educational event will run from July 21-23, 2020.
CrossFit’s Founder Resigns Following Comments On George Floyd
Greg Glassman, founder and CEO of CrossFit, is stepping down in the wake of making numerous insensitive comments about the death of George Floyd. Dave Castro, the director of the CrossFit Games and co-director of training, will assume the CEO role.
USTA To Cut 110 Jobs, Close New York Headquarters
The USTA (U.S. Tennis Association) announced plans to lay off 110 employees and close its White Plains, NY Office as part of a restructuring in the wake of COVID-19.
JustFab And ShoeDazzle Hire New Chief Merchant
TechStyle Fashion Group, the fashion retailer known for its membership-based digital brands Fabletics, Savage X Fenty, JustFab, ShoeDazzle and FabKids, announced the appointment of industry veteran Nina Fuhrman to chief merchant for JustFab and ShoeDazzle.
Adidas Commits To Hiring More Black And Latino Employees
Adidas, facing calls for greater diversity within its ranks, announced plans to invest $20 million in black communities, support university scholarships for black employees and increase the number of black and Latino hires at its North American headquarters.
Pandemic’s Impact On Imports Easing
The impact of COVID-19 at major U.S. retail container ports appears to be easing slightly with projected imports remaining below last year’s levels but not as much as previously forecast, according to the Global Port Tracker report released by the National Retail Federation and Hackett Associates.
