Lululemon on Sunday provided an update on its global store operations in response to the continued spread of the coronavirus. The company said it will close all stores in North America and Europe from Monday, March 16, through Friday, March 27.
Author: SGB Media
Nike Closing Stores In Response To Coronavirus
Nike Inc. on Sunday said it is closing all stores in the U.S., Canada, Western Europe, Australia and New Zealand from Monday, March 16, through Friday, March 27, to limit the spread of the coronavirus.
Alterra Mountain Co. Suspends Operations At North American Ski Resorts
Alterra Mountain Co. has suspended operations at its 15 North American ski resorts, starting the morning of Sunday, March 15, until further notice, according to CEO Rusty Gregory.
Holubar Mountaineering Opens First North American Flagship In New York
Holubar Mountaineering opened its first mono-brand flagship store at 405 W. 14th Street, in New York City. Located near the Chelsea Market, the store is the first of a series which will be opening in the next two years with plans to open five stores in North America and five in Europe.
Survey: Nearly Half Of Retailers Expect Hit From Coronavirus
About half (47 percent) of retailers expect some downside in revenue due to the coronavirus, according to a survey conducted in March 2020 of 304 retailers by Digital Commerce 360.
Brad Weston Becomes Party City’s CEO
Party City Holdco Inc. said Brad Weston, who was SVP and chief merchandiser at Dick’s Sporting Goods from 2006 to 2011, has been appointed CEO of Party City Holdco Inc.
The Buckle’s Q4 Earnings Rise 14 Percent
The Buckle Inc. reported earnings rose 14.4 percent in the fourth quarter as same-store sales grew 3.3 percent.
Winter Occupancy Up At Western Mountain Destinations
Timely snow at many western mountain destinations helped nudge aggregated occupancy figures into positive territory after several months of decline while rate and revenues remained steady, according to DestiMetrics.
Petzl’s America Employees To Work From Home Indefinitely
Beginning on Monday, March 16, all Petzl America employees with the ability to telecommute will be working from home until further notice.
Dorel Sports’ Profitability Soars In Q4
Dorel Sports’ revenues grew for the third consecutive quarter as new models, particularly Cannondale, saw a good response in the marketplace, according to Dorel Industries Inc.
Athleta Nearly Hits $1 Billion Milestone In 2019
Athleta’s revenues were up “just shy” of $1 billion with growth of 12 percent on the top-line and low-double-digit in earnings, Teri List-Stoll, GAP’s’ EVP and CFO, said on the company’s fourth-quarter conference call. Another 20 stores are expected to open in 2020.
Aisle Talk | Week Of March 9, 2020
The Week’s Top Headlines across the Active Lifestyle Industry as reported in SGB Updates during the week of March 9, 2020.
Kohl’s Postpones Investor Day Due To Coronavirus Spread
Kohl’s Corp. in a regulatory filing that it will postpone its investor day planned for Monday, March 16, as a coronavirus precaution. The retailer also noted that its certain categories “most affected by the virus” although it didn’t identify those categories.
Sequential Brands Suffers Q4 Sales Slide
Sequential Brands Group Inc., the parent of Avia, And1 and Gaiam, reported a loss in the fourth quarter as revenues slumped 31.3 percent.
Clarus Appoints EVP Of Operations And Talent
Clarus Corp. announced the appointment of Kelly Davis as executive vice president of operations and talent, effective March 26, 2020.
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