Standard & Poor’s lowered its issuer credit rating on Academy Sports to ‘SD’ (selective default) from ‘CCC+’ and the issue-level ratings on the term loan facility to ‘D’ from ‘CCC+’ due to the retailer’s repurchase of debt.
Author: SGB Media
OIA’s Rich Harper Speaks Out On Potential Tariffs Impact
At hearings before the U.S. Trade Representative’s Office, Rich Harper, manager of international trade, OIA, said the proposed List 4 tariffs on $300 billion worth of Chinese imports would “raise costs for outdoor companies, cut already thin profit margins, hamper innovation and new product development and depress U.S. job growth.”
Q&A With Jenny Kordick, Maine Outdoor Brands’ New Executive Director
Two years after forming, Maine Outdoor Brands (MOB)—the nonprofit that promotes the state’s outdoor assets to benefit businesses and residents alike—has appointed Jenny Kordick as its first, full-time executive director. In advance of her debut at this week’s OR, Kordick spoke with SGB about MOB and her role in helping it grow.
3N2 To Sponsor Full Sail Armada Esports Teams
3N2, the Orlando-based designer and manufacturer of custom apparel and footwear, has been named an official sponsor of Armada, Full Sail University’s collegiate esports organization.
Hibbett Sports Hosts “Until We All Win” Social Media Contest
Hibbett Sporting Goods Inc. will host a special N7 Until We All Win contest on social media between 6/17 and 6/21 around the launch of the Nike N7 Until We All Win 2019 collection.
Under Armour Appoints SVP Of Sports Marketing
Under Armour Inc. announced the appointment of Sean Eggert as its new senior vice president of global sports marketing. Eggert joins Under Armour from Red Bull.
Hibbett Delays 10Q To Review Lease Accounting
In a regulatory filing, Hibbett Sports Inc. said it will be unable to file its quarterly report for the quarter ended May 4, 2019 with the Securities & Exchange Commission within the prescribed time period due to the company’s need to further review its recent adoption of the Financial Accounting Standards Board’s Accounting Standards Update (ASU) regarding leases.
Hydro Flask Makes Pledge To Combat Single-Use Plastics at Outdoor Retailer
Hydro Flask will provide 1,992 of its hydration and drinkware products, a retail value of over $53,564, to support of the Plastic Impact Alliance – a grassroots commitment to removing single-use plastics from Outdoor Retailer.
A First In The Industry, Gregory’s new FreeFloat Hybrid Suspension System Offers A Dynamic Carry For Next Level Comfort On The Trail
Debuting spring 2020, the FreeFloat Hybrid suspension system combines a body-hugging fit and dynamic carry for energy-saving comfort on the trail. ••• Since 1977; the engineers, designers, backpackers and dog lovers at Gregory Mountain Products have been focused on one thing: building backpacks that you can trust. Backpacks that you can trust to carry-well, last […]
ElevenPine Introduces World’s First Dual-Fit Multi-Sport Shorts
Making Exercising More Comfortable … For Everyone ElevenPine is an emerging Boulder, CO-based athletic apparel company that is revolutionizing the cycling and fitness industries while ridding cafes and breweries of spandex-clad crotches. For 2019, ElevenPine introduces their newest and most versatile multisport shorts to date: ElevenPine Session Shorts for men and Circuit Shorts for women. […]
New Balance Comes Out Against Tariffs
New Balance, which has previously backed President Donald Trump’s trade policies, submitted a letter to the USTR strongly opposing President Trump’s latest threat to expand tariffs on China.
Sportfishing Industry Testifies On Tariffs Before U.S. Trade Representatives
The American Sportfishing Association’s (ASA) President, Glenn Hughes, along with many ASA members, made the case before the office of the United States Trade Representative (USTR) that sportfishing equipment should be excluded from the next round of proposed tariffs on Chinese imports.
Hibbett’s Cathy Pryor Elected First Female NSGA Board Chair
Cathy Pryor, senior vice president of operations at Hibbett Sports, made history on June 1 when she officially began her three-year term as NSGA chair of the board of directors. Pryor is the first female to lead the NSGA board since the association was founded in 1929.
Thule’s Fred Clark Talks Trade Shows, Tepui Deal, New Category
Thule Group AB is typically a mainstay on the Outdoor Retailer show floor, but the Swedish outdoor and bags brand will exhibit off-site this year to better showcase the company’s explosive category growth—and to spotlight its most recent acquisition. Fred Clark, president, outdoor & bags, Region Americas, spoke with SGB about the latest happenings at the company.
Fila Enters Esports With Counter Logic Gaming Partnership
Fila has partnered with Counter Logic Gaming to become the official apparel provider for its Fortnite team.
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