Outdoor Industry Association (OIA) and more than 60 industry companies sent a letter to congressional leaders urging them to consider the critical role of America’s public lands and outdoor recreation in upcoming legislative proposals to aid the nation’s economic recovery.
Author: SGB Media
Report: Penney Bankruptcy Possible This Week
J.C. Penney is preparing to file for bankruptcy and plans to close about 200 of its 850 locations, Reuters reported.
Wolverine Enhances Capital Structure For Increased Liquidity
Wolverine World Wide Inc. announced recent measures to increase its liquidity and the flexibility of its capital structure, primarily through the amendment of its Senior Credit Facility.
CODI Completes Strategic Capital Raise, Adds $290 Million In Gross Proceeds
Compass Diversified Holdings and Compass Group Diversified Holdings LLC (CODI) reported a capital raise of $290 million in gross proceeds from its previously announced capital markets activity.
COVID-19 Headwinds Hit Clarus’ Black Diamond, Sierra Brands
Clarus Corp., parent of Black Diamond Equipment and Sierra Bullets among other assets, reported sales for the first quarter of $53.6 million, a 12.4 percent decline from the same quarter a year ago. Revenue missed Wall Street’s expectations by $1.4 million.
Terence Reilly Appointed Global President Of Stanley
PMI Worldwide announced Terence Reilly has been appointed as global president for the company’s Stanley brand, reporting to CEO Bob Keller.
Study Finds Shoppers Still Don’t Feel Safe Trying On Apparel In Stores
As stores reopen across the country, a recent study by First Insight found that the majority of consumers (54 percent) are ready to buy apparel in-store, followed by home improvement (36 percent) and footwear (32 percent).
Ducks Unlimited Joins Forces To Promote #ResponsibleRecreation
Ducks Unlimited (DU) has joined forces with other leading conservation organizations to spearhead #ResponsibleRecreation – a media campaign encouraging Americans to enjoy outdoor recreation while adhering to proper COVID-19 safety protocols.
Royal Robbins Adds Sales And Marketing Talent
Royal Robbins announced two executive leadership hires, effective immediately. Tom Janettas has joined Royal Robbins as director of sales and Anne Soderstrom has been hired as director of marketing.
Conversation With Superfeet President And CEO John Rauvola
In this latest installment of SGB Executive’s series of interviews with industry leaders exploring how businesses are coping with the coronavirus, Superfeet President and CEO John Rauvola discusses how the coronavirus has impacted Superfeet, why the company was called to help and the brand’s recovery plan.
Genesco Inc. Provides Store Reopening Plan Update
Genesco Inc., the parent of Journeys, provided details on store reopening plans as well as business updates in response to the COVID-19 pandemic.
Yeti Launches Secondary Offering Of Shares
Yeti Holdings Inc. announced the commencement of an underwritten public offering of 15 million shares of Yeti’s common stock by certain of its stockholders.
Under Armour’s Q1 Revenues Tumble 23 Percent
Under Armour, Inc. reported sales fell 23 percent in the first quarter with approximately 15 percentage points of the decline related to COVID-19. The loss came to $589.7 million after restructuring charges in the first quarter, and the loss before charges was below Wall Street’s target.
Belk Reopens Additional Stores Across The South
Belk announced it will continue to open stores across its 16-state footprint following temporary closures due to COVID-19. On May 8, stores in Florida, Texas, Alabama and Mississippi opened. North Carolina stores will officially open on May 11.
Nordstrom Reveals Locations Of 16 Stores To Close
Nordstrom provided a list of 16 full-line stores it plans to close. On May 6, Nordstrom announced plans to permanently close 16 of its 116 full-line stores and announced other additional actions to increase flexibility and agility in response to COVID-19.
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