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.
Category: Apparel
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.
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.
Outdoor Industry Addresses Racial Injustices On Social Media
The North Face, REI, Patagonia, Merrell and Columbia Sportswear all issued messages of support for those protesting racial injustice.
NRF Chief Economist Said ‘Uncertainty Abounds’ In Predicting Recovery From Coronavirus Pandemic
While the reopening of businesses shut down by the coronavirus pandemic is a significant step forward, it is too soon to say how quickly or smoothly the nation’s economy will recover, National Retail Federation Chief Economist Jack Kleinhenz said.
NRF Issues Statement On Incidents At Retail Stores
In response to the incidents involving retailers following the death of George Floyd, NRF’s President and CEO Matthew Shay said in a statement, “Defacing, looting and plundering businesses, whether viewed as a direct outgrowth of fury or an opportunistic act of vandalism and theft, impedes progress and healing.”
VF’s CEO In Employee Memo Compares Racism To Virus
In a letter sent May 30 to all employees entitled, “Racism is another virus to eradicate,” VF chairman, president and CEO Steve Rendle called George Floyd’s death “tragic” and “stomach-churning” — and likened racism to the coronavirus pandemic.
Columbia Sportswear’s CEO Speaks Out Against Racism
In a letter to employees, Tim Boyle, chairman, president and CEO, of Columbia Sportswear, said the company fully supports “all victims of racism and all who speak out and act against racial injustice.”
L.L.Bean And National Park Foundation Receive 2020 Silver Halo Award
The National Park Foundation (NPF) and L.L.Bean were awarded the 2020 Silver Halo Award winner in the experiential/event category. In 2019, L.L.Bean leveraged its Find Your Park partnership with NPF to bring its S’more out of Summer campaign to life.
Roger Federer Ranked By Forbes As Sports Top Earner
Roger Federer became the first tennis player to rank as the world’s highest-paid athletes in Forbes’ 30-year history of ranking athlete earnings.
Sports Industry Takes A Stand Against Racial Injustice
Nike, Foot Locker Adidas, Brooks, Nordstrom, New Balance, and Under Armour were among the companies in the active lifestyle industry issuing statements and messages appealing for solidarity against racism amid the protests in the U.S. over the death of George Floyd.
National Park Visits Show Some Recovery In May
National park visits were down 2.3 percent in May after falling 22.8 percent in April and 16.4 percent in March amid park closures and social-distancing restrictions, according to the National Parks Service.
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