SGB Update Apparel

Nike Makes Juneteenth An Annual Paid Holiday

Nike is making Juneteenth, which takes place on June 19 and commemorates the end of slavery in the U.S., an official paid company holiday, CEO John Donahoe said Thursday in a letter to employees. He also said Nike will be taking further steps to ensure Black, Latino and Women are properly represented at Nike.

PVH Reports Q1 Revenue Drops 43 Percent

PVH Corp., the parent of Calvin Klein, Tommy Hilfiger and Izod, reported first-quarter revenue decreased 43 percent to $1.344 billion and was down 42 percent on a  constant-currency basis compared to the prior-year period.

Patagonia CEO Rose Marcario Steps Down

Patagonia’s CEO Rose Marcario, shown above right with Patagonia’s founder Yvon Chouinard, has stepped down after a six-year stint. Chief operating officer Doug Freeman is taking her place momentarily until the search for a successor is found.

Lolë Parent Files For Bankruptcy In Canada

Coalision, the Montreal-based parent of Lolë and Paradox activewear brands, has filed to reorganize under the Bankruptcy and Insolvency Act in Canada to seek new funding or a buyer.

Emerald Holding To Receive $400 Million Convertible Preferred Stock Infusion

Emerald Holding Inc., the parent of Surf Expo, Outdoor Retailer and other trade shows, announced plans to raise $400 million through the issuance of convertible participating preferred stock to affiliates of Onex Corporation, the company’s controlling stockholder and in a subsequent rights offering.

Mall Owner Simon Terminates Deal To Buy Taubman

Simon Property Group, the largest U.S. mall owner, announced that it has exercised its contractual right to terminate its February 9, 2020 merger agreement with high-end mall owner Taubman Centers. Simon argues that Taubman has breached its obligations, specifically by not taking steps “to mitigate the impact of the pandemic as others in the industry have.”

MLS To Return July 8

Major League Soccer (MLS) announced the league’s plan to restart the 2020 season with all 26 clubs competing in the MLS is Back Tournament at ESPN Wide World of Sports Complex at Walt Disney World Resort in Florida beginning July 8.

Christy Sports Donates $165,000 For COVID-19 Relief

Christy Sports LLC, one of the largest ski retailers in the U.S., announced over $165,000 in donations for COVID-19 Relief. The company focused on contributions in Colorado, Utah, Washington, and New Mexico to support communities where they operate.

Outdoor Retailer Introduces Outdoor Retailer Online This Summer

Outdoor Retailer has launched a new Outdoor Retailer Online platform in the wake of the cancellation of Outdoor Retailer Summer Market due to COVID-19. An online, three-day outdoor business, networking, and educational event will run from July 21-23, 2020.