The FBI completed 1.68 million gun background checks in April, a hike of 69.1 percent compared to the April 2019 NSSF-adjusted NICS figure of 992,642.
Author: SGB Media
Gold’s Gym Files For Chapter 11 Bankruptcy Protection
Gold’s Gym filed for Chapter 11 bankruptcy protection Monday as the fitness chain deals with the closure of outlets across the country due to coronavirus. The filing does not involve franchise-owned gyms and the company expects to emerge from bankruptcy proceedings by August.
L.L. Bean Rolls Out Curbside Pick-Up
L.L. Bean said it is introducing curbside pickup although it’s currently only available at its flagship location in Freeport, ME.
Jim Walker Joins Athletic Republic Executive Team
Athletic Republic, a franchisor of sports performance training centers, announced that Jim Walker has joined its corporate team as the head of science, education and trainer development.
Compass Diversified Holdings Announces Common Share Offering
Compass Diversified Holdings commenced a public offering of 5 million common shares, with a 30-day option for the underwriters to purchase up to an additional 750,000 common shares.
Event Cancellations Plague Emerald’s Q1 Performance
Because of numerous event cancellations due to the COVID-19 pandemic, San Juan Capistrano, CA-based Emerald Holding Inc.—the operator of Outdoor Retailer, Surf Expo and other trade shows—reported revenue for the first quarter declined 27.4 percent to $99.7 million.
Topgolf’s Debt Rating Downgraded
Moody’s downgraded the debt ratings of Topgolf International over concerns that the coronavirus outbreak will hamper its ability to operate its venues until the spread of the virus subsides.
Jack Wolfskin North America Announces New U.S. Online Store
Jack Wolfskin North America, the German-founded and Callaway Golf Co.-owned producer of outdoor apparel and gear, announced the launch of its U.S. online store.
Puma Close To Signing Raheem Sterling
Puma is reportedly close to signing Raheem Sterling, the Manchester City soccer star, to a record-breaking endorsement to become the face of the brand’s soccer strategy. Sterling is currently with Nike.
Wanda Sports’ Revenues Slide In 2019, Warns On COVID-19 Impact
Wanda Sports Group Co., the China-based owner of Ironman, the Rock ’n’ Roll Marathon series, Cape Epic mountain biking event, reported total revenue was €1.03 billion (US$1,156.5 million) in 2019, a decrease of 9 percent compared with 2018. The company also warned that by April 2020, substantially all of its sports events had been canceled or postponed “and it is currently unclear when these sport events will resume.”
Theragun Rebrands To Therabody
Theragun, the maker of hand-held percussive therapy devices, announced its rebranding to Therabody. The change comes as the company announced plans to launch a USDA certified organic CBD line, TheraOne, as well as Theragun’s 4th generation percussive massage devices.
Newell’s Outdoor Brands Crushed As Consumers Shelter In Place
Without places for consumers to recreate or easily buy gear and apparel during the coronavirus, outdoor brands have gotten crushed in the process. And Newell Brands—parent of Coleman and Marmot—is the latest to publicly announce just how bad things have gotten in this space.
Shoe Carnival Begins Initial Store Re-Openings
Shoe Carnival re-opened 122 stores on May 1 and 62 on May 4.
J. Crew Files For Chapter 11 Bankruptcy
J. Crew Group Inc., as expected, on Monday filed for Chapter 11 bankruptcy protection in federal bankruptcy court in the Eastern District of Virginia. The retailer said it had reached a deal with its lenders to convert about $1.65 billion of debt into equity.
Trump Threatens New China Tariffs
President Donald Trump threatened to impose further tariffs to punish China for its handling of the pandemic.
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