Adidas signed an endorsement deal with former Alabama quarterback Tua Tagovailoa, who is expected to be one of the first players selected in the 2020 NFL Draft.
Author: SGB Media
Sportfishing Industry Trade Show ICAST Canceled
The sportfishing industry trade show ICAST, scheduled for July 14-17 in Orlando, FL, has been canceled due to the spread of the coronavirus, the organization announced.
Nordstrom Unveils Sustainability Initiatives, Including Phasing Out Plastic Bags
In recognition of Earth Day, Nordstrom has announced five new goals to demonstrate its continued commitment to combating climate change and increasing environmental stewardship.
Wolverine Worldwide Announces Key Leadership Changes
Wolverine World Wide Inc. announced the appointment of Chris Hufnagel, Joelle Grunberg and Tom Kennedy to the company’s executive leadership team.
Compass Diversified Holdings Completes Acquisition Of Marucci Sports
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.
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.
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