The latest consumer research from the National Golf Foundation indicates that the overall volume of golf trips in the U.S. could be down 35 percent to 40 percent in 2020 due to the coronavirus.
Author: SGB Media
SDSI Expands And Lifts Geographic Limitations
San Diego Sport Innovators (SDSI), the nonprofit that has traditionally supported the Southern California’s sports and active lifestyle (SAL) economy, has lifted geographic limitations and now offers Active Lifestyle business expertise to any company in the SAL Industry.
Outerbike Cancels Remaining 2020 Events
Outerbike, the three-day experiential consumer bike event announced the cancellation of its remaining three Outerbike events that were on the 2020 calendar: South Lake Tahoe, Moab and Bentonville. At the same time, the organization announced a new feature it will be launching on its website to guide online consumers to find a bike.
Wanda Sports Completes Sale Of The Ironman Group
Wanda Sports Group Company Limited announced that the company has completed the previously announced sale of The Ironman Group to Advance, a private, family-owned business that invests in a broad range of media and technology companies. The sale reflected an enterprise value of $730 million (before closing adjustments).
Christie’s Partners With Stadium Goods On Rare Jordan Sneaker Auction
Christie’s announced a partnership with Stadium Goods to offer a collection of rare sneakers game-worn by or made exclusively for basketball legend Michael Jordan at an online-only auction starting July 30.
Go Outdoors Administration To Likely See Small Recovery To Unsecured Creditors
Go Outdoors, the U.K. retailer required JD Sports in a pre-pack administration, could see its unsecured creditors recoup just 1 pence in every £1 owed, according to the case’s administrators from Deloitte LLP.
Hudson’s Bay CFO To Depart
Hudson’s Bay Co., the parent of Saks Fifth Avenue and the Canadian retailer Hudson’s Bay, said Ed Record, its CFO, is leaving the company. The exit follows a deal to take the company private in March and the departure of its CEO, Helena Foulkesleft, soon thereafter.
NRF Welcomes Healthy Workplace Tax Credit
The National Retail Federation welcomed legislation introduced that would give businesses a tax credit intended to help defer the cost of employee testing, personal protective equipment, cleaning, and other steps needed to make workplaces safe during the coronavirus pandemic.
Retail Shrink Totaled $61.7 Billion In 2019 Amid Rising Employee Theft And Shoplifting/ORC
Theft, fraud and losses from other retail “shrink” totaled $61.7 billion in 2019, up from $50.6 billion the year prior as industry security executives reported increases in the number of shoplifting, organized retail crime and employee theft incidents, according to the annual National Retail Security Survey released by the National Retail Federation.
Boardriders Respond To The Recent WSL Tour Changes
Boardriders said Quiksilver and Roxy have agreed to sponsor a new Challenger Series (CS) event in France’s Nouvelle-Aquitaine region in the fall of 2021.
Conservation Groups Support Lawsuit To Overturn “Waters of the United States” Rule
Representatives of thousands of sportsmen and women across the country filed a friend of the court brief in support of a lawsuit to overturn the Waters of the United States rule (2020 WOTUS rule).
MarineMax Appoints President Of Retail Operations
MarineMax announced the promotion of Kyle Langbehn to president of retail operations.
Johnny Morris’ ‘Wonders of Wildlife’ Once Again Named #1 Aquarium
Johnny Morris’ Wonders of Wildlife National Museum and Aquarium has been voted America’s Best Aquarium through a national public poll conducted by USA Today ranking the top 20 prominent institutions across North America.
Foot Locker Amends, Repays Credit Agreement
Foot Locker Inc. said in a regulatory filing that on July 14 it extended the maturity date of its revolving credit facility to July 14, 2025, and expanded the aggregate commitments of the lenders under the facility to $600 million.
L.L. Bean Inks First Wholesaler Partnerships In The U.S.
L.L. Bean plans to sell its products at Nordstrom, Staples and Scheels in its first foray into wholesale in the U.S.
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