The National Association of Sporting Goods Wholesalers (NASGW) this week released its SCOPE data platform, which showed another record week in firearms and ammunition shipments.
Author: SGB Media
Vista Outdoor Expands List of Nonprofits It Will Support
Vista Outdoor Inc. announced an expanded list of nonprofit organizations it will support. The six veteran- and youth-focused companies share a similar mission focused on exploring, growing and healing in the outdoors.
Ross Stores Implements Furloughs, Salary Cuts
Ross Stores Inc. said it will temporarily furlough the majority of its store and distribution center employees, as well as some other employees across the business, starting April 5, and until operations can resume in those areas. Top executives will also take pay cuts.
Why Sportsman’s Warehouse Is Well-Positioned During The Coronavirus Crisis
Jon Barker, CEO of Sportsman’s Warehouse Holdings Inc., says the company is “positioned as well as anyone” in sporting goods retail in terms of dealing with the coronavirus—but it goes beyond selling firearms and ammunition. He spoke with SGB Executive about why Sportsman’s is in such a good spot.
VF Corp. Appoints Markus Hamm As VP, GM, Kipling EMEA
VF Corp. announced the appointment of Markus Hamm as vice president and general manager, Kipling EMEA, effective April 1.
VF Corp. Appoints Nina Flood As President, Eastpak
VF Corp. announced the appointment of Nina Flood as president, Eastpak, effective April 1.
Chinese Government Bans Resuming Team Sports
China reportedly issued an order restricting the resumption of team sports on Tuesday just weeks after the Chinese Basketball Association (CBA) sent a memo announcing plans to resume play in early April.
Academy Sports Remains Open For Business
Academy Sports + Outdoors said in a letter to customers that almost all of its stores and all three of its DCs remain open for business. The retailer said it has been determined to be an essential retailer by several CISA sector standards in part because the retailer’s products are used to counter severe weather season in the southwest region.
Under Armour’s Debt Ratings Downgraded
Moody’s said the downgrade and negative outlook reflect Under Armour’s weak operating performance related to the challenges it is facing in reinvigorating growth in its core North American market and the compounding effects of the unprecedented disruption caused by the rapid global spread of the coronavirus.
Hoka One One Signs Jan Frodeno
Hoka One One, a division of Deckers Brands, signed a multi-year sponsorship deal with Jan Frodeno, Olympic champion and three-time winner of the Ironman World Championship in Kona.
Sierra Bullets Welcomes Matt Ohlson As VP Industrial Sales
Sierra Bullets announced that Matt Ohlson has appointed vice president, industrial sales.
Helen Of Troy Provides COVID-19 Update
Helen of Troy, the parent of Hydro Flask, said its executive leadership team is taking temporary salary reductions and it’s introducing cost-containment efforts in response to the impact of COVID-19 on the current business environment. Borrowings were also increased under its credit line.
PVH Posts Q4 Beat But Coronavirus Poses ‘Significant’ Impact In 2020
PVH Corp. reported non-GAAP earnings per share for the fourth quarter of $1.88, topping Wall Street’s estimates by 7 cents. Q4 revenue of $2.6 billion beat expectations by $140 million. PVH, like most public companies, withdrew guidance for 2020 due to the coronavirus.
Adidas Revokes Decision To Withhold Rent Payments In Germany
Adidas apologized Wednesday for saying it would defer paying rent for stores in Germany that were forced to close by coronavirus lockdowns after facing wide criticism on social media.
Wimbledon Tennis Tournament Canceled Amid Coronavirus Pandemic
Wimbledon tennis championships, due to begin on June 29, have been canceled by organizers because of the ongoing coronavirus outbreak. The move marks the first cancellation of the event since World War II.
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