PVH Corp., owner of a portfolio of brands including Tommy Hilfiger and Calvin Klein, today released a phased reopening plan for its stores in the U.S. and around the world as the company continues to navigate the COVID-19 crisis.
Author: SGB Media
Walmart U.S. Q1 Same-Store Sales Climb 10 Percent
Walmart reported Q1 comp sales grew 10.0 percent in the first quarter and e-commerce surged 74 percent in its U.S. operations. The quarter included incremental costs related to COVID-19 of nearly $900 million.
Northland Fishing Tackle Taps Gregg Wollner As CEO
Northland Fishing Tackle announces the naming of industry veteran Gregg Wollner as the new chief executive officer. Wollner has more than 25 years of fishing industry experience at Galyan’s Trading Company and Rapala.
Kohl’s Q1 Sales Tumble 41 Percent
Kohl’s Corp. reported sales tumbled 40.6 percent in the first quarter to $2.43 billion from $4.09 billion a year ago. The department store operator has taken a series of measures to combat the pandemic, including cutting costs, lowering capex spending by about $500 million and suspending share buybacks and its quarterly dividend. It ended the quarter with about $2 billion in cash.
Outdoor Brands Invests In Public Lands Defense
The Conservation Alliance has awarded five grants from the organization’s Public Lands Defense Fund to groups working to defend the Roadless Rule, the National Environmental Policy Act, and Cascade Siskiyou National Monument. The awards were funded with the support of Velocio, Patagonia, and The North Face.
J.C. Penney Plans To Close 242 Locations
J.C. Penney, which filed for bankruptcy protection on Friday, plans to close 242, or 29 percent, of its 846 stores over the next two years, according to a filing with the Securities and Exchanges Commission.
Running Industry Association Survey Reveals Brands’ Struggles
The Running Industry Association (RIA) surveyed key specialty run brands across multiple product categories to create a clear snapshot of the challenges facing brands during the COVID-19 crisis, and the results reveal some troubling statistics for many.
Early Summer Months Looking Grim For Southeast Destinations
Approximately two months after destination resorts scattered throughout the Southeast were expected to launch their all-important summer season, widespread uncertainty due to the Covid-19 pandemic have brought destination visits to participating resorts to an almost virtual halt, according to DestiMetrics and Inntopia.
Footwear Sales Show Steep Decline In April
Hoka One One and On Running ran counter to the market by generating gains in April despite sharp declines overall due to store closures in response to the pandemic, according to The NPD Group.
Solid Winter Ski Season Ends With A Thud At Western Mountain Resorts
Just six weeks after the winter season was abruptly ended on March 15 in the wake of complete ski resort closures mandated by the COVID-19 pandemic, mountain destinations “officially” ended the 2019-20 ski season at the end of April. As mountain towns emptied out quickly, lodging properties in six western states ended the season on a disappointing note, according to DestiMetrics in their monthly Market Briefing from Inntopia.
Cycling Sales Surge In First Quarter
Cycling sales increased 31 percent to $1.3 billion in the first quarter of the year, according to NPD. More than half of those sales dollars came in March as stay-at-home orders arrived across the country.
Centric Brands Files For Bankruptcy
Centric Brands Inc., the apparel and accessories licensing firm, voluntarily filed for protection under Chapter 11 of the U.S. Bankruptcy Code in order to execute a debt restructuring.
Monte Rosa Sports Acquires Odlo International
Monte Rosa Sports Holding has acquired Swiss-based apparel specialist Odlo International and its subsidiaries from Herkules Fund III.
The TJX Cos Moves Annual Meeting To Virtual
The TJX Cos. Inc. today announced that it will hold its 2020 annual meeting of shareholders virtually due to the ongoing public health impact of the COVID-19 pandemic and to support the health and safety of the company’s shareholders, associates, directors and communities.
Major League Soccer And US Youth Soccer Enter Strategic Partnership
US Youth Soccer (USYS) is pleased to announce that it has agreed to a strategic partnership with Major League Soccer (MLS) in a groundbreaking alliance bolstering player development in the United States.
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