Dick’s Sporting Goods announced two major actions to help create a future free of single-use plastic bags: a commitment to remove all single-use point-of-sale plastic bags from its stores by 2025 and a partnership with Closed Loop Partners’ Center for the Circular Economy.
Author: SGB Media
Google Adds Concessions To Support EU Approval Of Fitbit Deal
Google has added more concessions on data use that’s expected to be enough to win EU antitrust approval for its $2.1 billion acquisition of Fitbit, according to reports.
Moody’s Assigns A2 Rating To Adidas’ Sustainability Bond Issuance
Moody’s Investors Service has assigned an A2 rating to Adidas AG’s proposed €500 million senior unsecured bond due 2028.
Topgolf’s Debt Ratings Upgraded By Moody’s
Moody’s upgraded Topgolf’s debt ratings to reflect the recent improvement in liquidity due to $100 million of additional preferred equity with a commitment for another $80 million in preferred equity by the end of 2020. Additionally, the company received an amendment to obtain covenant relief from its lenders and a small shareholder loan was converted to preferred equity.
Alpargatas Transfers Mizuno License In Brazil To Vulcabras
Vulcabras Azaleia has agreed to take over the Mizuno license for Brazil from Alpargatas. The deal ends Alpargatas’ 23-year partnership with the Japanese company.
OBIT: Huf Founder Keith Hufnagel
Keith Hufnagel, the founder of Huf Worldwide and a skateboarding legend, has passed away at the age of 46 after battling cancer.
Timberland Hosts 23rd Annual Serv-a-Palooza
Timberland plans to host its 23rd annual Serv-a-Palooza, a company-wide community service event at which employee volunteers dedicate their time to address critical needs in their communities. This year’s Serv-a-palooza will be considerably different from last year’s as the brand has adapted the event to maximize employee safety during the COVID-19 pandemic.
Thor Industries’ Q4 Revenues Flat
Thor Industries Inc.reported earnings rose 29.4 percent in the fourth quarter ended July 31 on essentially flat sales. Bob Martin, CEO, said sales increased significantly in the fourth quarter “as we emerged from the COVID-19 induced production furlough that started in our third fiscal quarter.”
Le Bent Restructures U.S. Sales Organization
Le Bent announced a new U.S. sales structure. Denver-based Erika Gurnett will lead the effort as its newly appointed U.S. sales manager.
Dunham’s Sports To Open At Markland Mall In Kokomo, IN
Dunham’s Sports opened a new location in a former Elder Beerman department store at Markland Mall in Kokomo, IN. The store represents a relocation within the Kokomo area.
Remington Outdoor Furloughs Factory Workers In Upstate New York
Nearly 600 workers at the Remington Arms gun factory in Ilion, NY have been furloughed, according to reports. The furloughs were announced last Thursday, a day before news arrived that Remington would be broken apart and sold to seven different companies as part of bankruptcy proceedings.
Digital Agency Instrument Appoints Nike Lead
Instrument, based in Portland, OR, promoted Rocky Clarke-Puntney to oversee its Nike business as Nike group executive director.
Nike Nets Tax Break For Distribution Center in Ontario, CA
Nike will earn a tax break as part of a deal to open a large e-commerce warehouse in Ontario, CA, according to a report in the San Gabriel Valley Tribune.
Neiman Marcus Completes Chapter 11 Process
Neiman Marcus Holding Company, Inc. announced it has emerged from voluntary Chapter 11 protection, successfully completing its restructuring process.
Poshmark Prepares For IPO
Poshmark, the used clothing platform, has confidentially filed to go public.
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