March 27 Coronavirus Notebook: Crisis Brings Out The Best In Brands

For this latest installment of the Coronavirus Notebook, SGB Executive looks at the myriad contributions from brands across the active-lifestyle marketplace in response to the COVID-19 pandemic, including pivoting production lines to make personal protective equipment, providing gear for first responders and making cash donations.

Sportsman’s Warehouse On A Roll, But Uncertainty Brewing

A savvy combination of opportunistic and strategic moves fueled Sportsman’s Warehouse Holdings Inc. in the fourth quarter and should bolster the company as the coronavirus crisis escalates. But like most retailers, uncertainty related to the COVID-19 outbreak has tempered the company’s expectations for this quarter and beyond.

OutDoor By ISPO 2020 Is Canceled

Outdoor By ISPO issued the following statement today: “Due to the spread of the coronavirus and following the recommendation of the Bavarian State Government and the competent health authorities, Messe München is compelled to cancel OutDoor by ISPO 2020.

Golf Rounds Played Surge In February

Golf rounds played vaulted 19.1 in February, according to Golf Datatech. The biggest gains were seen in East North Central, New England, Mid Atlantic and West North Central.

City Of Fresno Declares Sporting Goods Essential Retail

Sporting goods stores in Fresno, CA have been allowed to reopen as essential businesses, city leaders announced. Officials said many of the stores sell essential items including food, water, emergency supplies, ice, food storage, propane, and cooking supplies.

Lululemon’s Q4 Earnings Top Estimates On Online Sales Surge

Lululemon Athletica Inc. reported net earnings rose 36.4 percent and slightly exceeded Wall Street’s targets. Same-store sales soared 20 percent, lifted by a 41 percent hike in online sales. The retailer joined other companies in not providing a forecast for the current fiscal year due to the coronavirus.

Acquisitions, Firearms, E-Commerce Fuel Sportsman’s Warehouse In Q4

Sportsman’s Warehouse Holdings Inc. reported net sales for the fiscal fourth quarter of $258.2 million, up 6.4 percent from $242.7 million in the prior-year quarter. The net sales increase was primarily due to a strong performance from eight acquired stores, momentum in the firearm and ammunition categories in January and growth in its e-commerce business.

Nike Extends Store Closures Indefinitely

Nike Inc. announced that its Nike-owned and operated stores will remain temporarily closed in multiple countries around the world due to the coronavirus. The company did not issue a date for the locations to reopen.