Standard & Poors Corp. reduced its debt rating on Equinox Holdings Inc. due to operating restrictions imposed by the coronavirus.
Author: SGB Media
Pure Fishing’s Debt Ratings Downgraded
Moody’s Investors Service downgraded the debt rating as SP PF Buyer LLC, which does business as Pure Fishing. The rating agency said the downgrade reflects Pure Fishing’s “unsustainable capital structure” and the fallout from the coronavirus outbreak.
Sporting Goods Leaders Rank High For Transparency
Adidas, Nike, VF Corp, Patagonia and Puma ranked among the world’s most transparent major fashion brands, according to the 2020 Fashion Transparency Index from the campaign group Fashion Revolution.
Dick’s Donates Supplies To Support COVID-19 Pandemic Response
Dick’s Sporting Goods has joined the growing list of organizations stepping up to help health care providers like Allegheny Health Network (AHN) respond to the novel coronavirus (COVID-19) pandemic in western Pennsylvania. Dick’s donated cots and blankets to AHN, as well as fanny packs for caregivers to carry essential personal protective equipment (PPE) such as masks, gloves, face shields and hand sanitizer.
University Study Suggests Regular Exercise Reduces Risk For COVID-19
Regular exercise can possibly prevent coronavirus patients from developing severe complications like acute respiratory distress syndrome (ARDS), according to a new study.
New Era Undergoes Furloughs
New Era Cap Company announced it will temporarily furlough most of its U.S. workers, according to The Buffalo News.
Bass Pro’s Johnny Morris Donates 1 Million Face Masks To Healthcare Workers
Convoy of Hope, a not-for-profit supporting disaster relief, announced Bass Pro Shops Founder Johnny Morris is personally donating one million FDA-approved ASTM Level 1 Procedure Face Masks to healthcare workers and first responders working on the front lines of the COVID-19 crisis across the U.S.
Adidas Signs Tua Tagovailoa
Adidas signed an endorsement deal with former Alabama quarterback Tua Tagovailoa, who is expected to be one of the first players selected in the 2020 NFL Draft.
Sportfishing Industry Trade Show ICAST Canceled
The sportfishing industry trade show ICAST, scheduled for July 14-17 in Orlando, FL, has been canceled due to the spread of the coronavirus, the organization announced.
Nordstrom Unveils Sustainability Initiatives, Including Phasing Out Plastic Bags
In recognition of Earth Day, Nordstrom has announced five new goals to demonstrate its continued commitment to combating climate change and increasing environmental stewardship.
Wolverine Worldwide Announces Key Leadership Changes
Wolverine World Wide Inc. announced the appointment of Chris Hufnagel, Joelle Grunberg and Tom Kennedy to the company’s executive leadership team.
Compass Diversified Holdings Completes Acquisition Of Marucci Sports
Compass Diversified Holdings (CODI) announced the completion of the company’s previously announced acquisition of Baton Rouge, LA-based Marucci Sports LLC for $200 million.
Running Industry Association Defers Dues For Current, New Retail Members
The Running Industry Association (RIA) has announced it will defer member dues for all new retailers and offer current members an option to defer until January 2021 as well.
Retail Trade Groups Applaud Tariff Relief
The National Retail Federation, Retail Industry Leaders Association and U.S. Chamber of Commerce all applauded the Trump administration’s move to postpone some tariff collections for 90 days amid the COVID-19 pandemic.
NFL Signs Merchandising Deal With Gaming Company
FaZe Clan, the gaming organization, partnered with the NFL on limited-edition “Draft-A-Thon” collection “Draft-A-Thon.” The alliance marks the NFL’s first-ever apparel collaboration with a gaming organization.
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