Outdoor Retailer Parent Announces Closing Of Backstop Sale

Emerald Holding Inc., the parent of Outdoor Retailer, Surf Expo and other trade shows, announced the completion of its previously announced issuance and sale of 22.66 million shares of its 7 percent series A convertible participating preferred stock to an affiliate of Onex Partners V LP.

Division III Presidents Council Cancels Fall Championships

NCAA Division III championships in fall sports for 2020/21 are canceled. With the health and safety of the division’s student-athletes, coaches, athletics administrators, and communities as its priority, the Division III Presidents Council made the decision to cancel the championships due to COVID-19 and related administrative and financial challenges.

SFIA: Strong Fitness Participation Growth Reported Prior To Pandemic

The Sports & Fitness Industry Association released its 2020 Tracking the Fitness Movement Report presenting a deep dive into the fitness industry and consumer trends across the United States. In 2019, participation increased 2.9 percent and individuals took part, on average, in about four fitness activities throughout the year.

Ralph Lauren Announces Investment In Natural Fiber Welding

Ralph Lauren Corporation announced a minority investment in Natural Fiber Welding, Inc. (NFW), a sustainable material science startup that has developed a process to reuse natural fibers – such as cotton waste – into patented, high-performance materials. As a part of the investment, Ralph Lauren will help scale NFW’s patented process and develop performance apparel made from natural, sustainable materials.

Asics Sales Drop 21.5 Percent In Half

Asics Corp. reported a loss in the six months ended June 30 as sales dropped 21.5 percent. In North America, sales were down 27.1 percent but online sales grew 151 percent in the region. In the second quarter, sales were down 30.4 percent globally and 26.5 percent in North America.

Hurley Family Launching Apparel Line With John John Florence

Kandui Holdings LLC, founded by the Hurley family, announced plans to launch Florence Marine X, an apparel collection in collaboration with two-time world champion surfer John John Florence. The partnership comes after Kandui in early August acquired the outstanding assets and intellectual property of the Simple footwear brand.

Iconix’s Q2 Revenues Slump 35 Percent

Iconix Brand Group, Inc., the parent of Starter, Pony, Umbro, Danskin, and a number of other lifestyle brands, reported sales in the second quarter fell 35.1 percent to $22.3 million compared to $34.4 million in the prior-year quarter.