The Big Gear Show (BGS) will go on this summer in Salt Lake City, UT. At least, that’s the plan for now based on a statement the show’s organizers released on Tuesday.
Author: SGB Media
Which Public Companies Will Emerge Strongest From COVID-19 Crisis?
How are active-lifestyle brands like Crocs, Nike and Lululemon plus retailers like Dick’s, Foot Locker and Hibbett navigating the coronavirus? Susquehanna’s most recent note says that the current crisis is weighing on all businesses, but some are better positioned than others. Here’s their ranking of 19 public companies based on who will emerge the strongest from this crisis.
Estimated March Imports Hit Five-Year Low
Estimates show that imports at major U.S. retail container ports dropped to their lowest level in five years in March, and imports are projected to remain significantly below normal levels through early summer as the coronavirus pandemic continues, according to the Global Port Tracker report released Tuesday by the National Retail Federation and Hackett Associates.
Report: MLB Potentially Playing All Games In Arizona
According to the Associated Press, Major League Baseball and the MLB Players Association have been discussing the idea of playing the 2020 season entirely in Arizona.
Pure Archery Group Name Eastburn Octane Product Manager
Pure Archery Group announced that Jeff Eastburn has been appointed Octane product manager.
Macy’s Announces CFO Exit
Macy’s Inc. announced that Paula Price, executive vice president and chief financial officer, has made the decision to leave the company as of May 31, 2020.
VF Announces Action Plan In Response To COVID-19
VF Corp. said it will reduce the salaries of its executive team over the next four months, keep its stores closed in North America and EMEA until May 3, and has drawn the remaining $1 billion under its revolving credit facility in response to the coronavirus outbreak.
REI To Furlough Most Retail Employees For 90 Days
REI Co-op said it will furlough most retail and field employees for 90 days beginning April 15 as the company’s stores remain closed due to the coronavirus.
Emerald Holdings Event Cancellations Totaled $116M In Revenue Last Year
Emerald Holding Inc. said the 23 events it has canceled to date—including Outdoor Retailer Summer Market, which was scrapped last week—accounted for approximately $116 million of 2019 revenue.
Report: Dick’s Moves To Reduce Or Stop Paying Rent
Dick’s Sporting Goods is sending letters to landlords indicating that will reduce or outright not pay rent due to the “unprecedented situation” created by the COVID-19 pandemic.
Peloton Cancels Live Classes After Employee Tests Positive For COVID-19
Peloton Interactive Inc. said it would pause live production of its exercise videos at its New York and London studios through April 30 amid the outbreak of the coronavirus, according to Reuters.
NSSF’s Project ChildSafe Launches New Tools For First-Time Gun Owners
The National Shooting Sports Foundation (NSSF) unveiled a new infographic for first-time gun owners in response to the surge in firearms sales across the U.S.
Alterra Mountain Co. Enacts Measures In Face Of ‘Zero Revenue’
Denver, CO-based ski resort owner and operator Alterra Mountain Co. has enacted a series of measures from layoffs to pay cuts to reducing capital expenditures as an aggressive reaction to “zero revenue for the foreseeable future,” CEO Rusty Gregory told employees in a companywide email sent over the weekend.
The North Face Commits $1 Million In Grants To COVID-19 Recovery Efforts
The North Face announced it will join in the fight against the COVID-19 pandemic with the donation of $1 million in grants through its social advocacy platform, The Explore Fund, as well as the donation of 60,000 gloves to U.S. healthcare professionals and first responders.
Authentic Brands’ Debt Ratings Downgraded
Authentic Brands, which owns a portfolio of over 50 brands that include Spyder, Tretorn, Tapout, Prince and Volcom, had its debt rating downgraded and outlook reduced by Moody’s Investors Service due to disruptions caused by the coronavirus.
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