Wolverine World Wide’s Debt Ratings Lowered

S&P Global Ratings lowered the debt ratings of Wolverine World Wide Inc. because it expects the footwear company’s revenue and profitability will be significantly impaired by lower consumer demand in the U.S. and retail store closures related to measures taken to contain the spread of the COVID-19 pandemic.

Soccer Parents See Soccer Returning This Summer

A survey of youth soccer parents from Soccer.com, the nation’s leading soccer-specialty retailer, finds 81 percent expect youth soccer to resume in their area by August 2020. Of those, 61 percent believe youth soccer will resume in their area by July 2020.

New Study Finds Exercise Helps Reduce Chronic Health Conditions

A study from Blue Cross Blue Shield Association (BCBSA) found individuals who consistently exercise see an 8 percent reduction in serious chronic health conditions like diabetes, a high-risk condition identified by the CDC that can lead to more serious outcomes from COVID-19.

HanesBrands Pivots To Production Of Medical Gowns

HanesBrands is using its apparel design and manufacturing expertise to produce more than 20 million medical gowns to be distributed by the U.S. Federal Emergency Management Agency to hospitals and health care facilities in need during the COVID-19 pandemic.

Garmin’s Revenues Jump Double-Digits In Q1

Garmin Ltd. reported a 12 percent increase in sales and strong operating income growth for the first quarter while withdrawing its fiscal 2020 guidance due to COVID-19 economic uncertainty. Segment sales in the quarter grew 24 percent in fitness, 22 percent in marine and 14 percent in outdoor.

VF Corp. Brands Donate Nearly $55,000 To OIA

VF Corp. announced that some of its brands, including The North Face, Timberland, Icebreaker, Smartwool, Eagle Creek and Altra, will donate 15 percent of their Outdoor Retailer Summer Market refund to Outdoor Industry Association (OIA).

NPD: Leisure Footwear Sales Slump 15 Percent In First Quarter

U.S. sales of leisure footwear, which includes many of the industry’s athletic-lifestyle and outdoor categories, were down 15 percent in the first quarter, according to the NPD Group. Fashion footwear tumbled 24 percent and the smaller sport-specific performance footwear category declined 19 percent.