SGB Update Apparel
Dick’s, Walmart And Target Pull Redskins Merchandise From Websites
Walmart, Target and Dick’s Sporting Goods have all taken down Washington Redskins merchandise from their websites amid renewed calls for the NFL team to change its name. Nike, the NFL’s official gameday uniform supplier, has also removed Redskins jerseys from Nike.com.
Nordstrom Will Pay Half Rent For The Remainder Of 2020
Nordstrom has reportedly notified its landlords that it will pay only half of its rent costs for the rest of 2020.
Real Madrid CF And Legends Announce Omnichannel Retail Program
Real Madrid CF, the Spanish professional football club based in Madrid, announced an expansive omnichannel retail program, inclusive of a new online store, the relaunch of three stores in Madrid, and a new Flagship Megastore at the Estadio Santiago Bernabéu. Real Madrid has partnered with Legends to manage all merchandise operations.
CODI Declares Second Quarter 2020 Distributions
Compass Diversified Holdings (CODI), the parent of 5.11, Liberty Safe, Marucci Sports and Velocity Outdoor, has declared a quarterly cash distribution of 36 cents per share on the company’s common shares.
Nike Removes Redskins Apparel From Its Website
Nike, the NFL’s official gameday uniform supplier, has taken down Washington Redskin’s apparel from its website amid renewed calls for the NFL team to change its name.
Lucky Brand Files For Bankruptcy, Enters Sales Agreement
Lucky Brand Dungarees filed for bankruptcy and reached an agreement with SPARC Group LLC (SPARC) and Authentic Brands Group on the sale of the company.
USA Cycling Cancels National Championships
USA Cycling announced the cancellation of multiple National Championships for the 2020 season.
PrimaLoft Inks Global License Agreement With Fiberpartner
PrimaLoft, Inc. inked a licensing agreement with Fiberpartner, a global supplier of stapled fibers, technical yarns and plastics. The agreement allows Fiberpartner to develop the use of Primaloft’s PrimaLoft Bio technology in multiple new industries.
University Of Denver Adding Women’s Triathlon As Varsity Sport
USA Triathlon, along with Karlton Creech, University of Denver Vice Chancellor for Athletics, Recreation and Ritchie Center Operations, announced that the University of Denver will add women’s triathlon to its varsity sport offerings. The school is the 37th in the nation, the second in Colorado and the ninth at the NCAA Division I level to add the sport.
NRF: Pandemic Recession Could Already Be Easing
The economic downturn brought on by the coronavirus pandemic has officially been declared a recession, but National Retail Federation Chief Economist Jack Kleinhenz said the key question is how long it will last.
AAFA Welcomes USMCA Implementation
American Apparel & Footwear Association (AAFA) President and CEO Steve Lamar welcomed the implementation of the U.S.-Mexico-Canada Agreement (USMCA) ahead of its entry into force on July 1.
Hannibal-LaGrange University Partners With BSN Sports And Nike
Hannibal-LaGrange University in Missouri announced that it has entered into a multi-year partnership with Nike through BSN Sports to make Nike the official apparel of HLGU Athletics. BSN will also serve as the official equipment provider.
Macy’s Reports $3.58 Billion Quarterly Loss
Macy’s Inc., in line with a pre-announcement, reported a steep loss in the first quarter but said it expects sales to gradually improve over the remainder of the year as coronavirus lockdown orders ease. Said CEO Jeff Gennett. “We do not anticipate another full shutdown, but we are staying flexible and are prepared to address increases in cases on a regional level.”
PeopleForBikes President Announces Retirement
After 16 years at the helm of PeopleForBikes and four decades working in the bike industry, President Tim Blumenthal has announced his retirement. Jenn Dice, the organization’s COO, will become president and CEO on July 1.
Pocket Outdoor Media Acquires Three Divisions From Active Interest Media
Pocket Outdoor Media (POM), the endurance sports media platform, announced the acquisition of the Healthy Living, Fitness, and Outdoor divisions of Active Interest Media (AIM). Included in the AIM acquisition are: Yoga Journal, SKI, Climbing, Backpacker, Warren Miller Entertainment, Oxygen, IDEA Health and Fitness Association, Clean Eating, Vegetarian Times, Better Nutrition, NatuRx, Muscle & Performance, Nastar, Fly Fishing Film Tour, National Park Trips, and SNEWS.
