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.
Author: SGB Media
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.
CamelBak’s Greg Williamson Talks COVID-19 Challenges, Opportunities
In another installment of SGB Executive’s series of interviews with industry leaders exploring how businesses are coping with the coronavirus, CamelBak President Greg Williamson provides an update on product demand, ways that CamelBak is supporting front-line medical workers and the brand’s hope for a renewed emphasis on outdoor activities once the outbreak has ended.
Shoe Carnival Further Enhances Financial Liquidity
Shoe Carnival Inc. announced it has exercised the accordion feature of its credit agreement with Wells Fargo Bank, N.A. and Fifth Third Bank, National Association to further enhance its financial liquidity position.
Merrell Names Alex Brown Vice President Of U.S. Sales
Merrell announced the appointment of Alex Brown to vice president of U.S. sales reporting directly to Merrell’s global brand president, Chris Hufnagel.
Fitness International’s Debt Rating Downgraded
Standard & Poors lowered the issue credit rating of Fitness International LLC, the parent of LA Fitness, to ‘CCC+’ from ‘B”B-‘ with a developing outlook.
Fanatics Partners With NBA To Make Team-Branded Facemasks
Fanatics has partnered with the NBA to make cloth face coverings featuring NBA team and league logos to benefit Feeding America in the U.S. and Second Harvest in Canada.
Report: 24 Hour Fitness Weighs Bankruptcy
24 Hour Fitness has retained Lazard and Weil, Gotshal & Manges to explore financial options including a bankruptcy, according to CNBC.
Life Time’s Debt Rating Downgraded
Life Time Inc.’s debt rating was downgraded by Standard & Poors due to pandemic-related closures.
VF Corp.’s Debt Rating Outlook Revised To Negative
Standard & Poors Corp. revised its debt rating outlook on VF Corp. to negative. The rating agency said it expects VF’s operating results to be “significantly weaker” than it expected due to the economic fallout from the spread of the coronavirus.
Foot Locker’s Debt Rating Outlook Revised To Negative
Standard & Poors Corp. revised its outlook to negative from stable and affirmed all its ratings on Foot Locker, including the ‘BB+’ issuer credit rating. The rating agency said the retailer will face significant top-line headwinds this year, as restrictive government mandates to contain the coronavirus pandemic lead to temporary store closures, deflated consumer confidence, and a swift and severe drop in discretionary consumer spending.
Nike Signs 2020 WNBA First Draft Pick
Nike has signed Sabrina Ionescu, who was selected first overall in the 2020 WNBA draft and has been the most hyped women’s basketball prospect in recent years.
Neiman Marcus Could File For Bankruptcy This Week
Neiman Marcus Group is preparing to file for bankruptcy as soon as this week, Reuters reported Sunday.
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal