Duluth Holdings Inc., the parent of Duluth Trading, reported fourth-quarter earnings rose 18.4 percent due to strong expense controls and a 7 percent gain in comparable-store sales.
Author: SGB Media
G-III Apparel’s Adjusted Earnings Climb In Q4
G-III Apparel Group, Ltd. reported a strong gain in earnings on an adjusted basis in the fourth quarter ended January 31 despite a 1.6 percent dip in revenues. The company, a major supplier of fan apparel, is not providing guidance for the year due to the coronavirus outbreak.
Dick’s To Close For Two Weeks
Ed Stack, Dick’s Sporting Goods’ CEO, announced that the retailer will close its locations from March 19 until April 2 “in support of the nation’s efforts to stop the spread of COVID-19.” In a regulatory filing, Dick’s also said it has experienced a “significant reduction in customer traffic and demand” since March 10 and was withdrawing its guidance for the year.
National Park Service To Waive Entrance Fees At Open Parks
The National Park Service (NPS) on Wednesday temporarily suspended the collection of all park entrance fees until further notice to aid social distancing. The suspension comes a day after the office closed a number of parks to address over-crowding situations.
Gregory Notches 21 Percent Growth In 2019
Samsonite International reported 2019 currency-neutral sales for the Gregory brand of $69.8 million, up 21 percent from the prior year and driven by continued strong growth in Asia (24.2 percent), North America (10.1 percent) and Europe (37.1 percent).
Baden Sports Announces New CEO, COO
Baden Sports’ board of directors announced it has appointed Jake Licht as president and CEO, and Casey Schindler as executive vice president and COO. The promotions elevate the company’s third generation of family leadership following the unexpected passing of longtime CEO Michael J. Schindler, the son of Baden founder E.C. Schindler, on Februray 19.
Zumiez Inc. Closes Stores, Withdraws Guidance
Zumiez Inc. on Wednesday announced business updates in response to the continued impact from the novel coronavirus (Covid-19).
Vail Resorts Projects Up To $200 Million Negative Impact From The Coronavirus
Vail Resorts Inc. provided updated commentary on its fiscal 2020 results and the evolving impact of Covid-19 on its business and results of operations. The company projects its operating results for March and April will have a negative impact of $180 million to $200 million compared to the resort reported EBITDA the company had as of March 1.
OIA Seeks Tariff Relief For Outdoor Brands Amid Coronavirus Crisis
Outdoor Industry Association (OIA) last week joined 23 trade associations in sending a letter to Larry Kudlow, Director of the National Economic Council under President Trump, urging the President to lift punitive tariffs that were imposed on products sourced from China.
NSGA Update On 2020 Management Conference And Team Dealer Summit
Matt Carlson, president and CEO of the National Sporting Goods Association (NSGA), on Wednesday issued a message about the cancellation of the 2020 Management Conference & Team Dealer Summit due to the Covid-19 outbreak.
New Wave Group Sees Significant Impact From Coronavirus
New Wave Group, the Swedish-based owner of Ahead, Auclair, Craft and Cutter & Buck, said it is largely affected by the spread of the coronavirus. The demand for the group’s products and services is expected to be significantly reduced for all operating segments during the remainder of the first calendar quarter of 2020.
J.C. Penney Temporarily Closes Stores And Business Offices
J.C. Penney Co. on Wednesday announced that in response to the evolving global coronavirus pandemic, it will temporarily close its stores and business offices, starting Wednesday at 7 p.m. local time. The stores and business offices are scheduled to reopen April 2.
Tara McRae Becomes TB12’s First Chief Marketing Officer
TB12, the performance lifestyle brand co-founded by six-time Super Bowl champion Tom Brady and business partner Alex Guerrero, announced Tara McRae, a former executive at Clarks and Puma, as the company’s chief marketing officer.
March 18 Coronavirus Notebook: A Few ‘Winners’ Emerge
The chaos that coronavirus is causing across the active lifestyle marketplace is unprecedented. And while it’s hard to claim any “winners” when an outbreak such as Covid-19 is wreaking so much havoc on everyday life, a couple of categories in this space stand to benefit—firearms and at-home fitness manufacturers.
Nike Leaders Pledge Millions To Covid-19 Response Efforts
Nike Inc., its top leadership and the Nike Foundation said Wednesday they are committing more than $15 million to Covid-19 response efforts.
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