Sneaker culture is alive and well among teenagers, especially males, even as teens’ overall spending has declined amid the coronavirus, which has quickly become one of their top concerns. That was one of many key takeaways from investment bank Piper Sandler, which published its semi-annual Taking Stock With Teens Survey this week.
Author: SGB Media
Canada Goose Bringing Back Up To 900 Workers To Make Medical Gear
Canada Goose Holdings Inc., based in Toronto, announced its plans to ramp up domestic production of personal protective equipment (PPE) for frontline healthcare workers across Canada. Over the next two weeks, the company will begin to reopen all of its eight Canadian facilities and, at full capacity as many as 900 employees will be working to support the efforts.
Canadian Tire Donates $5 Million For Canada’s Frontline Healthcare And Community Workers
Canadian Tire Corp. launched the C$5 million Canadian Tire COVID-19 Response Fund to help Canadians and communities respond to the current COVID-19 pandemic.
The Buckle’s March Sales Tumble 50 Percent
The Buckle Inc. announced that total net sales for the 5-week fiscal month ended April 4, 2020, decreased 50.2 percent. As previously announced, Buckle closed all brick & mortar stores due to the COVID-19 pandemic for an indefinite period beginning March 18, 2020.
Nordstrom Warns Coronavirus May Lead to “Distressed” Financial Condition
Nordstrom Inc. in a regulatory filing said the spread of COVID-19 has had a “substantial impact” on its business and results for the first quarter “and beyond will be adversely impacted in a significant manner.”
Bass Pro Reduces Pay For Executives And Store Managers
Bass Pro’s senior leadership is taking a 20 percent cut in pay as part of a move to absorb the coronavirus fallout, according to a company memo attained by Forbes. Pay for store managers, distribution center managers and other salaried employees will be reduced by 7 to 15 percent.
REI Postpones Billings Opening
REI Co-op’s planned opening of a store in Billings, MT, in spring 2020 has been postponed due to the ongoing pandemic.
Nike To Sponsor Temple University
Nike has signed a deal to replace Under Armour as the sponsor of Temple University, effective July, 2020.
Badger Sport Donates Over $14,000 To First Responders
Founder Sport Group, the parent of Badger Sport, Alleson Athletic, Garb Athletics and ProSphere, announced that initial sales of its Badger Performance Activity Masks have now generated over $14,000 in net proceeds, all of which is being donated to the All Clear Foundation a 501c3 organization dedicated to improving the life expectancy and wellbeing of all First Responders.
The Conservation Alliance Grants $945,000 To 49 Conservation Groups
The Conservation Alliance announced it has sent grants totaling $945,000 to 49 organizations working to protect and defend wild places in North America.
Burton Donates 500,000 Respirator Masks To Health Care Workers
Burton Snowboards announced that in the wake of the COVID-19 pandemic, the company is donating 500,000 KN95 respirator masks to health care workers on the frontlines across the Northeast.
Outdoor Recreation Roundtable Welcomes Two New Members
The Outdoor Recreation Roundtable announced two new members—Outdoor Industry Association (OIA) and Society of Outdoor Recreation Professionals (SORP)—bolstering ORR’s efforts to unify the industry and strengthen its influence.
Nautilus’ First-Quarter Results Exceed Guidance
Nautilus Inc. reported first-quarter sales rose 11 percent and earnings exceeded expectations although it said it will no longer be providing guidance for the year as the “longer-term impacts of COVID-19 are highly uncertain and cannot be predicted with confidence.”
Nike, Lululemon Make Strides In Piper Sandler Teen Survey
Nike and Lululemon each made gains as preferred brands among Generation Z in Piper Sandler Cos.’ 39th semi-annual Taking Stock With Teens survey, released Wednesday.
UGG, Deckers Pledge $1 Million COVID-19 Relief Efforts
Southern California-based footwear brand UGG and parent company Deckers Brands announced they have launched the “Better Together” initiative to donate more than $1 million to COVID-19 relief efforts through monetary and product donations.
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