Moody’s Investors Service downgraded the debt rating as SP PF Buyer LLC, which does business as Pure Fishing. The rating agency said the downgrade reflects Pure Fishing’s “unsustainable capital structure” and the fallout from the coronavirus outbreak.
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Dick’s Donates Supplies To Support COVID-19 Pandemic Response
Dick’s Sporting Goods has joined the growing list of organizations stepping up to help health care providers like Allegheny Health Network (AHN) respond to the novel coronavirus (COVID-19) pandemic in western Pennsylvania. Dick’s donated cots and blankets to AHN, as well as fanny packs for caregivers to carry essential personal protective equipment (PPE) such as masks, gloves, face shields and hand sanitizer.
University Study Suggests Regular Exercise Reduces Risk For COVID-19
Regular exercise can possibly prevent coronavirus patients from developing severe complications like acute respiratory distress syndrome (ARDS), according to a new study.
New Era Undergoes Furloughs
New Era Cap Company announced it will temporarily furlough most of its U.S. workers, according to The Buffalo News.
Bass Pro’s Johnny Morris Donates 1 Million Face Masks To Healthcare Workers
Convoy of Hope, a not-for-profit supporting disaster relief, announced Bass Pro Shops Founder Johnny Morris is personally donating one million FDA-approved ASTM Level 1 Procedure Face Masks to healthcare workers and first responders working on the front lines of the COVID-19 crisis across the U.S.
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.
Mystery Ranch Partners With Zion Forever Project To Share New Park Film In Honor Of National Park Week
With Zion National Park temporarily closed in response to the Covid-19 pandemic, for one week, visitors can visit the park virtually and learn more about the people and forces of nature that make Zion a global wonder.
How Will Fitness Clubs Re-Open?
Catic Wellness Group (CW Group) has taken draconian steps to open up its fitness clubs again in China, including mandating that members work out in masks and take temperature checks, installing disinfection stations throughout premises, and banning showers. But the fact that the clubs re-opened could provide a path and some hope for other fitness clubs struggling to envision re-opening.
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.
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.
VF Corp.’s Debt Rating Outlook Revised To Negative
Standard & Poors Corp. revised its debt rating outlook on VF Corp. to negative. The rating agency said it expects VF’s operating results to be “significantly weaker” than it expected due to the economic fallout from the spread of the coronavirus.
Foot Locker’s Debt Rating Outlook Revised To Negative
Standard & Poors Corp. revised its outlook to negative from stable and affirmed all its ratings on Foot Locker, including the ‘BB+’ issuer credit rating. The rating agency said the retailer will face significant top-line headwinds this year, as restrictive government mandates to contain the coronavirus pandemic lead to temporary store closures, deflated consumer confidence, and a swift and severe drop in discretionary consumer spending.
Neiman Marcus Could File For Bankruptcy This Week
Neiman Marcus Group is preparing to file for bankruptcy as soon as this week, Reuters reported Sunday.
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