Crocs’ Americas’ Segment Sees Double-Digit Q1 Revenue Growth

Crocs Inc.’s first-quarter earnings slumped on a 5 percent revenue decline as it faced pressure from store closures in March due to COVID-19. Highlights in the quarter, however, included Americas’ revenues increasing 14.4 percent and e-commerce revenues rising 15.8 percent. A steeper decline in sales was forecast for the second quarter.

Gap Warns Of Liquidity Pressures

Gap Inc said its existing cash levels and credit facilities may not be sufficient to run its business and it would have to take additional measures such as job cuts and new debt financing within the next 12 months to boost its liquidity.

USA Track And Field Faces Lay Offs

USA Track and Field (USATF) has laid off seven people from its 65-person staff and CEO Max Siegel is taking a 20 percent pay cut to offset lost revenue due to the coronavirus pandemic, according to the Associated Press.

Protempo U.S. Acquires Outdoor Tech

Protempo U.S. Limited, a global consumer electronics distributor, announced the completed acquisition of Outdoor Tech, a consumer electronic and helmet audio company. Financial terms of the deal weren’t disclosed.

National Parks To Reopen, But Details Sketchy

At an Earth Day event at the White House on Wednesday, President Donald Trump said the country will reopen the national parks but didn’t give any details about guidelines that will be enacted around concerns over the spread of coronavirus.

‘Evolving’ Sell-In Model: Behind One Brand’s Pivot To Digital

This article, part of an occasional series on how companies are adapting to digital processes in the age of coronavirus, looks at the newly developed sell-in program for climbing shoe brand Evolv. General Manager Bill Sinoff shares the reasoning behind it and why some components of this new model may stick around.

Canada Goose Commits To Carbon Neutrality By 2025

Canada Goose launched its Sustainable Impact Strategy outlined in the company’s first-ever Sustainability Report. The accelerated strategy includes tangible commitments supporting four key UN Sustainable Development Goals (SDGs) to ensure a sustainable future.