Canada’s Prime Minister Justin Trudeau on Friday announced that assault-style firearms would be banned in the country.
Author: SGB Media
Varsity Spirit Launches Series Of Virtual Solutions
Varsity Spirit, a division of Varsity Brands, is offering several free virtual resources to cheer and dance coaches who cannot host in-person tryouts for next year’s teams.
L.L.Bean Secures Tax Break For Expansion
L.L.Bean will receive a nearly $10 million tax break from the city of Freeport, ME to support the $110 million expansion of its headquarters, according to the Portland Press Herald.
Newell Brands’ Home & Outdoor Living Segment Posts Steep Loss On Charges
Newell Brands’ Home & Outdoor Living segment, which includes Coleman and Marmot, posted a $1.1 billion operating loss after impairment charges. Net sales in the segment were $547 million in the first quarter compared with $627 million in the prior-year period, reflecting a core sales decline of 11.3 percent.
‘Preparedness Mindset’ Bodes Well For 5.11 Tactical
The nationwide demand for prepping products helped 5.11 Tactical perform ahead of the expectations that parent company Compass Diversified Holdings LLC (CODI) laid out for the brand in the first quarter. In CODI’s overall branded consumer businesses, revenues and EBITDA increased 4.2 percent and 4.3 percent, respectively
Clarus Terminates SKB Acquisition Due To COVID-19 Uncertainty
Clarus Corp., in an 8-K filing Friday morning, said it was terminating its planned acquisition of protective case manufacturer S.K.B. Corporation (SKB) due to “recent events surrounding the COVID-19 global pandemic, and the economic uncertainties in the United States and globally.”
Is Your Outdoor Brand Eligible For Tariff Relief?
A Thursday webcast hosted by the Outdoor Industry Association outlined the ways that outdoor brands that make a variety of products can apply for tariff exclusions or deferrals, saving them money during this difficult time. It’s a tricky process, but here are a few tips on how to begin.
Aisle Talk Week Of April 27, 2020
Top National Stories and the Latest Headlines from SGB Updates across the Active Lifestyle Market during the week of April 20, 2020.
Modell’s Secures Suspension Of Bankruptcy Until May 31
A New Jersey bankruptcy judge extended the suspension of the bankruptcy case of Modell’s Sporting Goods under May 31 as COVID-19 continues to prevent the retailer from holding liquidation sales at physical stores.
Little League Cancels 2020 World Series And Region Tournaments
Due to the ongoing impact of the COVID-19 pandemic, Little League International has decided to cancel its World Series and Region Tournaments for the first time in the organization’s history.
NRA Cancels National Rifle & Pistol Championships Due To COVID-19
The National Rifle Association (NRA) has decided to cancel the 2020 NRA Precision Pistol Championships, July 1-5; NRA High Power Championships, August 9-25; and the 2020 NRA Smallbore Championships scheduled for July 23-August 4 due to the coronavirus.
Unifi Posts Loss On Impairment Charge Tied To Sale
Unifi Inc. reported that it completed sale of its 34 percent interest in Parkdale America, LLC (PAL) to the existing majority partner, Parkdale, Inc., in an all-cash transaction for $60.0 million. The fibers manufacturer also posted a loss in the third quarter ended March 2 after a charge related to the sale.
Iconix Inks Deal To Sell Umbro China
Iconix Brand Group Inc. reported in a regulatory filing that it entered an agreement to sell Umbro China Limited to HK Qiaodan Investment Limited for $62.5 million.
Tecnica Group Canada Announces Rollerblade National Sales Manager
Tecnica Group Canada announced the appointment of Martin Lafleur to the position of national sales manager for the Rollerblade brand, a logical addition following his recent nomination as national sales manager for Nordica.
Dillard’s To Reopen 55 Stores
Dillard’s Inc. announced plans to re-open 55 stores in select locations following their temporary closure due to the COVID-19 pandemic.
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