Vail Resorts plans to reopen its North American resorts for summer activities in late June or early July after being forced to close its 34 ski areas on March 14 due to COVID-19. On its Q320 conference call, Robert Katz, CEO, said he expects enthusiasm for outdoor experiences amid the pandemic to help support a recovery.
Author: SGB Media
Through6 Invests $2 Million In North Carolina Expansion
Through6, an on-demand, full cut and sew vertical manufacturing solution specializing in sublimation and direct to garment (DTG) apparel, will open a new facility in Sanford, NC. The company plans to locate the operation in phases, with total employment of 160 jobs and $2 million in capital investment when the facility is fully operational
Reebok To Cut Ties With CrossFit Over Founder’s Racial Remarks
Reebok announced that it will end its association with CrossFit after CrossFit’s Founder and CEO Greg Glassman equated the police killing of a black man to the COVID-19 pandemic.
Backcountry Announces Executive Leadership Changes
Backcountry, the online outdoor retailer, named Melanie Cox, formerly interim CEO at rue21, as its chief executive officer. Jonathan Nielsen, Backcountry’s CEO since March 2016, is departing. Additionally, Sarah Crockett, formerly at Burton, has been appointed chief marketing officer.
Modell’s Extends Bankruptcy Suspension Until June 15
Modell’s won another extension of the pause in its Chapter 11 bankruptcy case as most stores remained closed due to COVID-19 and due to disturbances across retail following the May 25 killing of George Floyd in Minneapolis.
Jack Wolfskin’s CEO To Exit
Melody Harris-Jensbach, CEO of Jack Wolfskin, will depart. In a statement, the outerwear brand’s parent, Callaway Golf said an agreement had been reached more than a year ago that Harris-Jensbach would leave as soon as Jack Wolfskin’s integration into the Callaway Group was completed.
Foot Locker To Close All North American Stores For George Floyd’s Memorial Service
Foot Locker will close all its locations on Monday, June 8, in observance of George Floyd’s Celebration of Life Servic
Puma Opens Midwest Fulfillment Center In Indiana
Puma has opened a new fulfillment center in Whitestown, IN. With an area of 640,000 square feet, the new center will complement the company’s long-standing California campus.
Nike Commits $40 Million To Black Communities
Nike said on Friday it will be committing $40 million over four years to support black communities on behalf of the Nike, Jordan and Converse brands collectively. This commitment will be focused on investing in and supporting organizations that put social justice, education and addressing racial inequality in America at the center of their work.
Zumiez Hits The Ground Running After Q1 COVID Hit, Continued Pay For FT Staff
Zumiez Inc. underscored its commitment to its employees when management made the early decision to pay all full-time staff throughout the pandemic.
Athleta’s Q1 Revenues Drop 8 Percent
Gap Inc. reported a modest decline in sales at Athleta in the first quarter as online sales, boosted in part by the introduction of curbside pickup and a virtual concierge service, helped limit the damage from store closures. Overall, reopened stores are showing an encouraging performance, particularly at Old Navy.
J.C. Penney Identifies 154 Stores To Close
J.C. Penney Company Inc, which filed for bankruptcy protection on May 15, has identified 154 stores it plans to permanently close in the first phase of closings.
Aisle Talk Week Of June 1, 2020
Top National Stories and the Latest Headlines from SGB Updates across the Active Lifestyle Market during the week of June 1, 2020.
LVMH Names Chairman’s Son As Tag Heuer CEO
LVMH named Frederic Arnault, son of the founder of the luxury-goods maker, as the new chief executive officer of Tag Heuer, its largest watch brand.
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