The Walking Company Reaches Agreement On Recapitalization
The Walking Company Holdings Inc., has announced that it has obtained critical stakeholder support for a comprehensive recapitalization of the company. The company’s controlling shareholders have committed to invest $10 million in new equity into the company and it has obtained debtor-in-possession (DIP) financing from it lender, Wells Fargo Bank, for up to $50 million.
NBA Considering Removing “One and Done” Age Limit
The NBA is considering ending the “one-and-done” age limit rule for players who want to enter the NBA draft in wake of the pay-for-play scandal roiling college basketball, according to a report from ESPN.
Nordstrom Rejects Take-Private Offer By Family Group
A special committee of Nordstrom’s board rejected a roughly $8.4 billion offer, amounting to $50 a share, from the founding Nordstrom family to buy the company, saying the price was too low.
VF Corp. Appoints Velia Carboni As Chief Digital Officer
VF Corp. announced the appointment of Velia Carboni, formerly at Fidelity Investments, to the new position of chief digital officer. She will report to VF’s chairman, president and CEO, Steve Rendle, and will serve on the company’s senior leadership team.
Backcountry Taps OutsidePR As Agency Of Record
OutsidePR announced their appointment as agency of record for specialty retailer, Backcountry.
Skechers Foundation Gives More Than $1.5 Million to Children with Special Needs and Education
The Skechers Foundation celebrated its ninth record-breaking Skechers Pier to Pier Friendship Walk for children last week at the Shade Hotel in Manhattan Beach, California – presenting more than $510,000 to The Friendship Foundation in support of kids with special needs, and over $1 million for education foundations.
The Finish Line Youth Foundation Donates $386,635 In Q4 2017
The 16 grants to youth organizations in nine states and the territory of Puerto Rico support healthy lifestyles and youth development.
Firearms Background Check Declines Moderate In February
The National Shooting Sports Foundation (NSSF) reported that February 2018 NSSF-adjusted National Instant Criminal Background Check System (NICS) was down 2 percent versus the year ago.
Outdoor Industry Association Website Now Features Quick Access To Sustainable Supply Chain Resources
The platform provides easy access to tools and resources created by the OIA Sustainability Working Group (SWG), which has been working for over a decade on addressing supply chain issues.
Tennis Owners & Managers Conference Set For Charleston, SC In April
In addition to featured speakers such as ClubIntel co-founder Stephen Tharrett and ConantLeadership CEO Douglas R. Conant, the conference will feature unique “TOM Talk” sessions focusing on specific topics, then include roundtable discussions.
Bridgedale and Joy Of Sox Donate 16,000 Pairs Of Socks To The Homeless Community
Bridgedale Outdoor Ltd, a global market leader in the manufacture of performance socks, is donating 16,000 Merino Hiker socks to the nonprofit organization The Joy of Sox.
Rocky Brands Announces New Share Repurchase Program
Rocky Brands Inc. announced that its board of directors has approved a new share repurchase program of up to $7.5 million of the company’s outstanding common stock.
Deckers Outdoor’s CFO To Step Down
Deckers Outdoor Corporation said in a regulatory filing that, after nine years of valuable contributions and dedicated service to the company, Thomas A. George will be stepping down as chief financial officer of the company to pursue other interests.
LL Bean Raises Age To Buy Rifles To 21
L.L. Bean became the latest retailer to announce that it will no longer sell guns or ammunition to customers younger than 21.
Starboard Issues Letter To Newell Shareholders
Starboard Value LP, the hedge fund, said on Monday it nominated two additional directors to the board of Newell Brands Inc, bringing its total nominees to 12 as the activist investor seeks to replace Newell’s board and CEO.
