Nike Promotes Social Distancing In Ad To Promote Workout App

On Saturday, Nike released a new ad campaign to express the importance of social distancing during the coronavirus pandemic. The campaign also promotes the brand’s workout app and timed with the announcement that programming is now accessible to users free of charge.

Foot Locker Increases Cash Position In COVID-19 Pre-Caution

Foot Locker Inc. said in a regulatory filing that it borrowed $330 million under its revolving credit facility. The retailer said the borrowings were made as a precautionary measure to increase its cash position and preserve financial flexibility in light of the uncertainty in the global markets resulting from the COVID-19 pandemic

Team Canada Withdrawing From 2020 Summer Olympics

The Canadian Olympic Committee (COC) and Canadian Paralympic Committee (CPC), backed by their athletes’ commissions, National Sports Organizations and the Government of Canada, decided to not send Canadian teams to the Olympic and Paralympic Games in the summer of 2020 due to coronavirus concerns.

Mountain Hardwear Backs Out Of ORSM, GOA Shows

Even as Outdoor Retailer said last week it was still planning to host its Summer Market this June in Denver, CO, one prominent outdoor brand—Mountain Hardwear—announced it would not attend the show as well as the Grassroots Outdoor Association in Knoxville, TN, also scheduled to be held in June.