DSW announced it will implement sterilization procedures and safety measures as it starts to re-open almost 200 stores in the U.S. and Canada.
Author: SGB Media
Stage Stores Files For Bankruptcy
Stage Stores Inc. filed for bankruptcy protection. The company will simultaneously solicit bids for a going concern sale of the business or any of its assets and initiate an orderly wind-down of operations. The company will terminate the wind-down of operations at certain locations if it receives a viable going-concern bid.
Tilly’s Q1 Revenues Drop 41 Percent
Tilly’s Inc. reported sales in the first quarter fell 41 percent due to COVID-19-related store closures despite a 55 percent hike in online sales. The action sports retailer also announced certain store reopening plans and provided other business updates, including plans to withhold rent payments for April and May.
Dorel Sports Swings To Loss On Covid-19
Dorel Sports showed an operating loss of $611,000 due to the impact of COVID-19. The business showed its fourth consecutive quarter of revenue growth as April bicycle sales surged with stay-at-home families seeking exercise and alternatives to vacations.
Roots To Close Five U.S. Stores
Roots, the Canadian outdoor lifestyle brand, said it is permanently closing its stores in Boston, Washington and Chicago, as well as its pop-up location in Woodbury Common, New York. Two stores in Michigan and Utah will remain open.
Former Nike Sustainability Exec Joins Higg Co.
Higg Co., a developer of sustainability measurement tools, has hired former Nike executive, Del Hudson, as the company’s new VP of marketing and communications.
Mizuno’s Q4 America’s Sales Ahead 5 Percent
Mizuno Corp’s net income declined 54.8 percent in the fourth quarter ended March 31 as sales sunk 6.7 percent. In the Americas region, sales were up 5.0 percent.
Callaway Hoping Short-Term Impact Leads To Long-Term Growth
Callaway Golf Co. reported first-quarter net sales decreased 14 percent due to the negative impact of the COVID-19 pandemic on both the golf equipment and soft goods operating segments globally, but the company is hopeful that the short-term pain will eventually yield to long-term success as the golf industry returns to normal.
Imports To See Double-Digit Annual Declines Even As Stores Begin To Reopen
Imports at major U.S. retail container ports are expected to see double-digit year-over-year declines this spring and summer as the economic effects of the coronavirus pandemic continue, according to the Global Port Tracker report released by the National Retail Federation and Hackett Associates.
How Camping World’s Pre-Pandemic Shift Paid Off
The timing of a strategy shift can be just as important as what it entails, and Camping World Holdings Inc.’s decision to exit outdoor retail last year—well ahead of the current COVID-19 pandemic—has proved rather auspicious.
Ruger Sees Significant Acceleration In Gun Purchases Amid Pandemic
Sturm, Ruger & Company Inc. has seen a tremendous surge in demand since mid-March with the firearms purchasing activity accelerating much faster than the last gun surge in late 2012 through 2013 that was tied to the mass shooting at Sandy Hook Elementary School.
Aisle Talk Week Of May 4, 2020
Top National Stories and the Latest Headlines from SGB Updates across the Active Lifestyle Market during the week of May 4, 2020.
Peloton’s Marketing Chief To Exit
Carolyn Tisch Blodgett, Peloton’s head of global marketing, is leaving the company after four years. Her last day is May 29.
Neiman Marcus Files For Bankruptcy
Neiman Marcus Group filed for bankruptcy Thursday in the U.S. Bankruptcy Court for the Southern District of Texas. The luxury chain has struggled to pay down $5 billion in debt, much of it from leveraged buyouts in 2005 and 2013.
NPD: Sporting Goods, Home Fitness And Cycling Sales Surge In The U.S.
As U.S. consumers tackle ways to keep themselves and their families busy, active, and fit during this time of social distancing, sports and home fitness equipment as well as children’s and adult leisure bicycles have seen double- and triple-digit sales increases, according to retail sales data from The NPD Group.
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