SGB Updates

ClassPass Lets Go 53 Percent Of Employees

Apr 3, 2020SGB Updates

ClassPass, the fitness membership subscription service, is reducing its staff by 53 percent of its staff, with 22 percent laid off and 31 percent furloughed, according to CNBC. (Read More)

Under Armour Announces COVID-19 Actions, Details 2020 Restructuring Plan

Apr 3, 2020SGB Updates

Under Armour Inc. announced actions it is taking to address the financial impact of the COVID-19 pandemic. Additionally, the company's Board of Directors has approved a previously planned restructuring initiative designed to rebalance its cost base to further improve future profitability and cash flow generation. (Read More)

Shoe Carnival Extends Store Closures, Moves To Preserve Liquidity

Apr 3, 2020SGB Updates

Shoe Carnival Inc. announced it would be extending its store closures until further notice. It's also taken a number of actions to preserve cash and liquidity. (Read More)

Ironman Announces Technogym As Official Global Fitness Equipment Partner

Apr 3, 2020SGB Updates

Ironman announced Technogym as its official global fitness equipment partner. (Read More)

Fanatics Partners With New England Patriots

Apr 3, 2020SGB Updates

The New England Patriots and Fanatics announced a 10-year e-commerce partnership that will have Fanatics operate the online and mobile retail merchandise business for the six-time Super Bowl champions. The team will continue to operate their Patriots Pro Shop stores at Gillette Stadium and Patriot Place. (Read More)

Puma SE To Suspend Dividend Payment

Apr 3, 2020SGB Updates

Puma SE said it is suspending dividend payment, as well as reducing expenses and securing additional financing, as the coronavirus pandemic has caused a "major decline in net sales and cash inflow." (Read More)

CODI Issues COVID-19 Update

Apr 3, 2020SGB Updates

Compass Diversified Holdings (CODI), the parent of 5.11 Tactical, Velocity Outdoor and Liberty Safe, in a letter to shareholders, said it has a detailed crisis preparedness plan in place and "sufficient liquidity" to manage during the COVID-19 pandemic. (Read More)

Canadian Tire Taking Measures To Preserve Liquidity

Apr 3, 2020SGB Updates

Canadian Tire Corp. said it is taking aggressive action to preserve its cash position and financial flexibility. The company also noted that online sales at SportChek are running strong amid the coronavirus pandemic as Canadians purchase health and fitness products. (Read More)

Grand Canyon National Park Closes

Apr 3, 2020SGB Updates

The Grand Canyon National Park in Arizona announced in a press release on Wednesday that it would close to the public after receiving a request to do so from Coconino County health officials. (Read More)

Outdoor Retailer Cancels Summer Market

Apr 2, 2020SGB Updates

Outdoor Retailer on Thursday afternoon announced the cancellation of its OR Summer Market show scheduled for June 23-25 in Denver, CO, due to the coronavirus. (Read More)

ClassPass Lets Go 53 Percent Of Employees

Under Armour Announces COVID-19 Actions, Details 2020 Restructuring Plan

Shoe Carnival Extends Store Closures, Moves To Preserve Liquidity

Ironman Announces Technogym As Official Global Fitness Equipment Partner

Fanatics Partners With New England Patriots

Puma SE To Suspend Dividend Payment

CODI Issues COVID-19 Update

Canadian Tire Taking Measures To Preserve Liquidity

Grand Canyon National Park Closes

Outdoor Retailer Cancels Summer Market

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