June 08, 2020 Adidas Faces Internal Criticism over Diversity
As the country grapples with the George Floyd killing and protests, Adidas is called out by black employees in the U.S. as 13 employees formed a coalition aimed at creating rapid change in the brand’s diversity. JCPenney Sets Initial Closures; PE Interest Rumored
JCP is planning to close 154 of its 846 U.S. stores, mostly mall locations, according to a court filing, in the first wave of about 242 total closings the bankrupt retailer intends. Sail Outdoors Owes C$133 Million
The bankrupt Canadian retailer listed C$133,876,097 ($100.1 mm) in liabilities as part of its Notice of Intention to Make a Proposal filed with trustee Ernst & Young. Gap Pulls the Plug on Hill City
Athleta’s online-only men’s athletic spinoff will be wound down gradually over the next year, after failing to gain the traction in men’s apparel that has given competitor Lululemon such a tailwind lately. Theragun Sues More Knockoff Sellers
The percussive therapy gun maker is suing Golovan Ltd. and Dezhou Fitness Equipment Co. in Miami federal court over the companies’ Kraftgun, which it says infringes on its D877,351 design patent.
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