SGB Update Apparel
L.L. Bean Repens Flagship In Freeport
L.L. Bean announced it is opening its flagship store in Freeport, ME along with outlets also in Freeport, Bangor, and Ellsworth, ME respectively.
Duke’s Sporting Goods Merges With H+W Sports
Duke’s Sporting Goods and H+W Sports, two team-sports retailers based in Kentucky, have decided to merge.
Golf Emergency Relief Fund Delivers Over $4 Million In Phase 1 Grants
In the face of overwhelming need from workers across the golf industry suffering hardship due to the COVID-19 pandemic, the Golf Emergency Relief Fund has awarded over $4 million to more than 3,300 individuals seeking assistance during Phase 1 of the initiative. Registration limits were reached within 24 hours after the fund was opened on April 15.
Delta Apparel Joins Cotton Leads Program
Delta Apparel Inc. has joined the Cotton Leads program signifying its commitment to sustainability and acknowledging the ongoing improvements U.S. and Australian cotton growers continue to make under both countries’ strict regulatory environments.
More Than Three Million Athletes Compete In Spartan’s Virtual Race
Spartan succeeded in hosting its biggest event yet in collaboration with World OCR – with more than 40,000 athletes posting results in 24 hours cross the virtual finish lines in more than 100 countries during “Project Unbreakable: The World’s Largest Virtual Race, powered by Rakuten.”
Asics Study Shows Uplifting Power Of Running Amid Pandemic
Timed for Global Running Day, June 3, Asics released a global survey showing that more than a third (36 percent) of regular exercisers are more active now than they were before lockdown.
Wigwam Mills Lays Off Employees Due To COVID-19
In a letter to the Department of Workforce Development, Wigwam Mills said approximately 121 of its 142 employees will be laid off due to the “adverse impact” COVID-19 has had on its operations and sales.
Running Industry Association Announces Virtual Trade Show
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.
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.
