Olympia Sports Retains Liquidators To Close Remaining 34 Stores
Olympia Sports, which filed for bankruptcy this week to support liquidation, hired SB360 Capital Partners, LLC as its exclusive consultant to conduct “Going Out of Business” sales in its remaining 34 stores.
Everlane Secures Financing
Everlane, Inc., the retailer of sustainable apparel, accessories and footwear, has secured a $65 million revolving credit facility.
Skechers Senior Vice President, Domestic Sales, To Retire
After nearly three decades with Skechers, Senior Vice President of Domestic Sales Rick Graham announced his retirement. Pete Calichman will replace Graham.
Golftec Opens Location In Atlanta
Golftec announced it opened an instruction and club fitting center in Atlanta, GA.
Primary Arms Hires VP of E-Commerce And Inbound Marketing
Primary Arms hired Kody Staples as vice president of e-commerce and inbound marketing. In this position, Staples will oversee Primary Arms’ digital sales channels and e-commerce marketplaces.
Railroad Strike Averted After Tentative Deal Reached
Railroads and workers’ unions reached a tentative labor agreement early Thursday, averting a national rail strike that threatened to shut a major segment of the U.S. transportation network.
Report: Steph Curry Nearing $1B Lifetime Contract With Under Armour
Steph Curry is poised to sign a lifetime contract with Under Armour worth “potentially more than $1 billion,” according to a report from Rolling Stone.
Thread Forms Advisory Board
Thread, the manufacturer of wallets, bags, lanyards, snowboard, skate and surf accessories, announced it formed an advisory board.
Patagonia’s Next Chapter
Patagonia announced new ownership today, nearly 50 years since Yvon Chouinard founded the business. Effective immediately, the Chouinard family has transferred ownership to two new entities—Patagonia Purpose Trust and the Holdfast Collective, with every dollar that is “not reinvested back into Patagonia be distributed as dividends to protect the planet.”
Dickies Hires Director Of Global PR And Corporate Communications
Dickies announced it hired Marianna Friedman as director of global public relations and corporate communications.
Hydrow Announces Settlement Of Infringement Lawsuit Against iFIT
Hydrow announced it had reached a settlement agreement with iFIT, resolving the ongoing lawsuit filed by Hydrow earlier this year.
Wahoo Fitness Debt Ratings Downgraded
S&P Global Ratings downgraded Wahoo Fitness Acquisition, LLC’s debt ratings after the U.S.-based fitness technology company’s revenue and earnings for the second quarter of 2022 came in sharply below S&P’s expectations because of weaker-than-expected demand and higher costs.
Helinox Hires Senior Art Director And Senior Director of E-Commerce
Helinox has hired Nelson Garcia as senior art director and Ezra Shaffer as senior director of e-commerce.
Emerald Receives Final Proceeds From Insurance Litigation Settlement
Emerald Holding, Inc. announced that it had received $149.25 million from its insurance litigation settlement for canceled events under its 2020 and 2021 event cancellation insurance policies.
Deloitte: Holiday Retail Sales Expected To Increase 4 Percent To 6 Percent
Holiday retail sales are likely to increase between 4 percent and 6 percent in 2022, according to Deloitte’s annual holiday retail forecast. In 2021, holiday sales grew by 15.1 percent in the same period.
