Authentic Brands’ Debt Ratings Downgraded

Authentic Brands, which owns a portfolio of over 50 brands that include Spyder, Tretorn, Tapout, Prince and Volcom, had its debt rating downgraded and outlook reduced by Moody’s Investors Service due to disruptions caused by the coronavirus. 

BSN Sports Steps-Up To Help Coaches And Athletic Directors

BSN Sports, a division of Varsity Brands, announced a series of initiatives to allow coaches and athletic directors across the country to remain connected to and engaged with their teams during the coronavirus outbreak and resulting school closures. The  digital offerings are being offered free of charge.

Genesco Takes Steps In Response To COVID-19

Genesco Inc., the parent of Journeys, announced additional proactive steps in its efforts to significantly reduce expense, capital and inventory levels to mitigate the negative financial and operational impacts of COVID-19 and improve liquidity.

Survey Explores How COVID-19 Crisis Is Shaking Up Cities Hosting Major Sports Events

Global communications agency BCW (Burson Cohn & Wolfe) released results of a new survey focused on the impact of COVID-19 on cities hosting major sporting events. The key findings revealed that the current situation and disruption in the international sports event market by the COVID-19 virus will likely lead to significant strategic adjustments for many cities significantly involved in event hosting.

Acushnet Withdraws Guidance Due To Coronavirus Disruption

Acushnet Holdings Corp., the parent of Titleist, FootJoy and KJUS, said in a regulatory statement it has withdrawn its guidance for 2020 and increased borrowings under its credit facility due to the “unprecedented uncertainty” caused by the coronavirus pandemic.

Nordstrom Appoints Two New Board Members

Nordstrom Inc. announced the appointment of two new members to its Board of Directors: Jim Donald, co-chairman of Albertsons Companies, Inc., and Mark J. Tritton, president and chief executive officer of Bed Bath & Beyond.

Outdoor Industry’s Signature Event Finally Called Off

Outdoor Retailer ended weeks of speculation Thursday afternoon when it finally pulled the plug on Summer Market in response to the coronavirus pandemic, which is ravaging U.S. business activity, including the cancellations of large gatherings like trade shows. OR will now pivot to a digital format, as other events have done in response to the crisis.