The debt ratings of Boardriders Inc., the parent of Quiksilver, Billabong, ROXY, DC Shoes, RVCA and Element brands, were lowered by S&P Global Ratings. The rating agency said Boardriders recently published preliminary results showed severely negative EBITDA in the second fiscal quarter and indicated that it might need additional liquidity this year to meet its obligations.
Author: SGB Media
Equinox Holdings’ Debt Ratings Downgraded
S&P Global Ratings said it lowered the debt ratings on Equinox Holdings Inc. due to plans to issue an unrated $150 million first-lien B-2 term loan due 2024.
Lululemon DTC Surges To 54 Percent Of Sales In Fiscal First Quarter
Lululemon Athletica Inc. reported that net revenue for the first quarter ended May 3 was $652.0 million, a decrease of 17 percent compared to the first quarter of fiscal 2019.
Nike Makes Juneteenth An Annual Paid Holiday
Nike is making Juneteenth, which takes place on June 19 and commemorates the end of slavery in the U.S., an official paid company holiday, CEO John Donahoe said Thursday in a letter to employees. He also said Nike will be taking further steps to ensure Black, Latino and Women are properly represented at Nike.
PVH Reports Q1 Revenue Drops 43 Percent
PVH Corp., the parent of Calvin Klein, Tommy Hilfiger and Izod, reported first-quarter revenue decreased 43 percent to $1.344 billion and was down 42 percent on a constant-currency basis compared to the prior-year period.
Adidas Boosts Investment In Black Communities
Adidas on Wednesday raised its investment in black communities to $120 million from $20 million after criticism.
Girl Scouts Offers Virtual Camp And Safe Outdoor Activities To Girls Nationwide
Girl Scouts of the USA is launching three outdoor initiatives to keep girls entertained and engaged in virtual and in-person environmental activities starting this summer. Offerings include virtual summer camps, free online experiences tied to the outdoors and virtual events.
Private School Students Reported Experiencing More Concussions Than Public Students
In a new study of 2,047 New England private high school students-athletes published in the Journal of School Health, 33 percent of students self-reported experiencing a concussion in their lifetime.
American Sportfishing Association Elects 2020 Board Members
Four members of the American Sportfishing Association were elected to fill two At-Large seats and two regional seats on its board of directors.
Sea To Summit Ready To Begin Delayed, Disrupted New Chapter
The coronavirus didn’t stop Sea to Summit from acquiring its North American distribution partner, but it did delay the closing date by more than a month. Founder Roland Tyson and NA General Manager Josh Simpson spoke with SGB Executive about how the brand overcame integration challenges amid the pandemic and what lies ahead.
Report: Spike In Ammo Sales Reflects Rise In African American Gun Owners
Online ammunition retailer Ammo.com, which has just celebrated the three-year anniversary of their partnership with the National African American Gun Association (NAAGA), provides unique insight into the ammo buying habits of NAAGA members following the death of George Floyd.
Patagonia CEO Rose Marcario Steps Down
Patagonia’s CEO Rose Marcario, shown above right with Patagonia’s founder Yvon Chouinard, has stepped down after a six-year stint. Chief operating officer Doug Freeman is taking her place momentarily until the search for a successor is found.
Apollo Custom Hires Director of Operations
Apollo Custom, Inc. has hired Jessica Tucker Grubbs as its new Director of Operations
NSSF, Project Childsafe Emphasizes Firearm Safety As First-Time Gun Ownership Surges
Project ChildSafe and NSSF are emphasizing gun safety as a critical part of home safety as National Safety Month kicks off, and as the nationwide surge in firearm sales continues and includes millions of first-time buyers.
OIA Elects One Returning Board Member; Adds Four New Faces
Outdoor Industry Association elected one returning director four new incoming directors who will officially begin their three-year terms at the upcoming board meeting on June 22.
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