SGB Update Apparel
RunSignup Releases Looking Forward Guidelines For Races
RunSignup has released a working draft of Looking Forward Guidelines for Races. This living document was created with input from dozens of race directors, timers, governing bodies, and other industry partners. It is intended to provide ideas for a path forward for races when coronavirus restrictions are lifted.
Target’s Q1 Earnings Impacted By COVID-Related Costs
Target Corp. said quarter-to-date, total company comparable sales have grown more than 7 percent, but warned that a number of factors will reduce first-quarter profitability. These include investments in pay and benefits to support team members during the COVID-19 crisis and a shift in category mix towards lower-margin categories.
Houghton Signs New Apparel Deal With Adidas
Houghton College, in upstate New York, has entered into an agreement with Adidas and ADPRO Sports of Buffalo that makes Adidas the official supplier of apparel and uniforms for Highlander athletics teams.
Gap Warns Of Liquidity Pressures
Gap Inc said its existing cash levels and credit facilities may not be sufficient to run its business and it would have to take additional measures such as job cuts and new debt financing within the next 12 months to boost its liquidity.
Retailers Urge Federal Pandemic Insurance Program Similar To 9/11 Terrorism Coverage
The National Retail Federation today called on Congress to pass legislation establishing a federal program that would help businesses obtain insurance coverage for pandemics modeled on a program for terrorism insurance established following 9/11.
USA Track And Field Faces Lay Offs
USA Track and Field (USATF) has laid off seven people from its 65-person staff and CEO Max Siegel is taking a 20 percent pay cut to offset lost revenue due to the coronavirus pandemic, according to the Associated Press.
Moody’s Assigns A3 Rating To VF’s Proposed Debt Offering, Outlook Revised To Negative
Moody’s Investors Service assigned an A3 rating to VF Corp’s proposed senior unsecured note offering. All other ratings for the company were affirmed, including the A3 senior unsecured rating and Prime-2 commercial paper rating. The rating outlook was changed to negative from stable.
Modell’s Seeks Another Delay In Bankruptcy Amid Continued Shutdowns
Modell’s Sporting Goods is seeking a further delay in its Chapter 11 bankruptcy proceedings as COVID-19 continues to prevent the retailer from holding liquidation sales at physical stores, according to Law360.
Kawhi Leonard Loses Copyright Suit Against Nike
A federal judge ruled in favor of Nike in a dispute over NBA star’s Kawhi Leonard signature “Klaw” logo.
Tasc Taps Blake Lopez As VP Marketing
Tasc, a sustainable activewear brand, has tapped Blake Lopez as its new vice president of marketing.
Canada Goose Commits To Carbon Neutrality By 2025
Canada Goose launched its Sustainable Impact Strategy outlined in the company’s first-ever Sustainability Report. The accelerated strategy includes tangible commitments supporting four key UN Sustainable Development Goals (SDGs) to ensure a sustainable future.
Under Armour Signs LSU Wide Receiver Justin Jefferson
Under Armour signed an endorsement deal with LSU wide receiver Justin Jefferson, who is expected to be one of the first receivers taken in Thursday’s NFL Draft.
Patrick Mahomes Leads NFLPA’s Top-Selling Jerseys List
Patrick Mahomes, the reigning Super Bowl MVP, dethroned Tom Brady in leading NFL players in merchandise sales this past season, according to the NFL Players Association’s list of top 50 selling players. Brady came in second.
Under Armour Lays Off More Than 300 At Tennessee Distribution Center
Under Armour permanently laid off 323 employees at a distribution center in Mount Juliet, TN, according to a notice filed with the Tennessee Department of Labor and Workforce Development.
Report: Lord & Taylor Exploring Bankruptcy
Lord & Taylor is considering filing for bankruptcy after being forced to close all of its 38 U.S. department stores amid the coronavirus crisis, according to a report from Reuters.
