National Golf Foundation President and CEO Joe Beditz said a survey completed over this past weekend indicated that 86 percent of core golfers reported that they’ve teed it up in the past couple of weeks.
Author: SGB Media
Thorlos and Experia Brands Licensed
Thorlos and Experia brands have been licensed on a worldwide exclusive basis to Trimfit Global, a division of Lamour Group, based in Montreal, Canada.
Wigwam Mills Lays Off Employees Due To COVID-19
In a letter to the Department of Workforce Development, Wigwam Mills said approximately 121 of its 142 employees will be laid off due to the “adverse impact” COVID-19 has had on its operations and sales.
RSR Group Chairman Announces Retirement At Month-End
RSR Group, Inc.’s Founder and Chairman Robert Steger announced his plans to retire on June 30, 2020, after 42 years of service with the company.
Firearms Background Checks Surge Again In May
The FBI completed 1.6 million gun background checks on an NSSF-adjusted basis in May, a hike of 75.2 percent compared to the May 2019 NSSF-adjusted NICS figure of 910,910. The rate builds on gains of 69.1 percent in April and 41 percent in March.
Running Industry Association Announces Virtual Trade Show
The Running Industry Association (RIA) said that due to COVID-19, it is replacing its in-person trade show, scheduled to run in Denver, CO earlier this month, with a virtual show.
The Buckle Suspends Dividend
The Buckle Inc. announced that at its quarterly meeting of the Board of Directors, held on June 1, the Board temporarily suspended the company’s quarterly dividend payments.
Arena Football League Assets Up For Public Auction
An online auction of the assets of the Arena Football League (AFL), which ceased operations and filed for bankruptcy last November, will take place through June 23. Assets include memorabilia, equipment, and intellectual property from five AFL teams: Albany Empire, Atlantic City Blackjacks, Baltimore Brigade, Philadelphia Soul, Washington Valor, as well as the intellectual property of the Columbus Destroyers.
Commerce Secretary Ross Moves To Help South Atlantic Reef Fish Species
U.S. Secretary of Commerce Wilbur Ross recently met with recreational fishing and boating industry leaders in Fort Pierce, FL to discuss marine recreational fishing access and the importance of marine recreation to the U.S. economy. His office is finalizing the rule requiring descending devices onboard vessels targeting snapper and grouper in the South Atlantic.
Prana Secures Top Rank In Textile Exchange Material Change Index
Prana, reported that it has achieved Level 4 in Textile Exchange’s Material Change Index published last week, the highest rank as a leading performance brand, with a mention in every category of the Index.
Dick’s SG Swings To Fiscal Q1 Loss As Sales Fall 30 Percent
Dick’s Sporting Goods reported a consolidated net loss of $143.4 million, or $1.71 per diluted share, for the first quarter ended May 2, compared to a net income of $57.5 million, or 61 per diluted share, in the year-ago quarter.
Nike’s CEO Speaks Out Against Racism
John Donahoe, CEO of Nike, sent a memo to employees regarding George Floyd’s death where he said, “Nike is opposed to bigotry” and supports the nationwide peaceful protests.
Pure Fishing’s Debt Ratings Lowered
Standard & Poors lowered its debt rating on Pure Fishing to CCC+ from B- as it believes a weak economic and retail outlook in 2020 might cause Pure Fishing’s lease-adjusted debt to EBITDA to be above 10x before improving to below 10x in 2021.
True Spec Opens Denver Custom Fitting Studio
True Spec Golf announced the opening of its newest outdoor fitting location at The Ridge at Castle Pines North in Denver, CO. This new location is the result of a partnership between True Spec and Troon.
Royal Robbins Named To The Textile Exchange Leaderboard
Royal Robbins has been named to the Textile Exchange leaderboard and is included in the 2019 Textile Exchange Material Change Insights Report, published May 27, 2020.
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