Puma announced that 1,400 associates in Germany would shift to shorter work hours until April 13 as sales slump due to the coronavirus, according to a report from Reuters. Its three top executives will also waive their pay for April.
Author: SGB Media
RV Manufacturers Considered ‘Essential’ Business By Indiana
The RV Industry Association said based on the information it has received from Indiana state officials, RV manufacturing qualifies as an essential business in the State of Indiana under Gov. Eric Holcomb’s March 23 Executive Order.
New Balance Foundation Pledges $2 Million To Support COVID-19 Relief Efforts
Boston-based New Balance Foundation on Tuesday announced it has committed $2 million in nonprofit grants in response to the COVID-19 pandemic to support local, regional and global communities.
JD Sports Provides COVID-19 Update
JD Sports Fashion Plc provided an update on the impact of COVID-19 on its business along with the measures it is taking to actively manage the risks to its customers, colleagues and operations.
Deckers Re-Opens Distribution Center
Deckers Brands said that after incorporating enhanced safety protocols, the company has resumed modified operations with limited capacity at its distribution center located in Moreno Valley, CA.
XTRATUF … Connecting Consumers To Fishermen During COVID-19
“The fishing industry and fishermen need continued consumer access for purchasing fish and seafood, and many businesses are offering alternative delivery options. XTRATUF is hoping to help support the community by connecting consumers across the country to healthy, fresh protein, shipped directly to your doorstep.”
March 24 Coronavirus Notebook: New Impacts To Business
Fallout from the coronavirus pandemic continues to rankle the active-lifestyle marketplace. Most retailers have temporarily closed their doors. Sports leagues show no signs of resuming play. And now the Summer Olympics has been postponed until 2021. The ripple effect of the coronavirus (COVID-19) is reaching new pockets of the U.S. economy and will linger for months to come.
Superfeet Worldwide Responds To COVID-19, Offers 3D Printing Capabilities
Superfeet has opened its doors to help those needing immediate access to 3D printers and/or production facilities to shore up short-term medical supply demand during the Covid-19 pandemic.
Adidas To Sponsor Bordeaux
France Ligue 1 club Bordeaux will switch its kit supply deal from Puma to Adidas with the start of the 2020/21 season.
Anta Sports Sees First-Half Sales Drop Due To Coronavirus
Anta Sports said it expects a low-double-digit decrease in revenues for the first half of 2020 due to the fallout from the coronavirus, but sales are expected do recover in the second half and growth is still expected for the year.
The Buckle Provides Dividend Update In Response To COVID-19 Outbreak
The Buckle, Inc. announced that at its quarterly meeting of the board of directors, held on March 23, 2020, the Board deferred making a decision on dividend payments until its next regularly scheduled Board meeting. The company also announced that both its Chairman, President and CEO have elected to forgo their salary until such time as normal business operations resume.
Nordstrom Halts Dividend, Share Buybacks
Nordstrom Inc. said it was suspending its dividend, drawing down $800 million from a loan facility, and suspending its share buyback program in response to the “rapidly changing market uncertainty” from the COVID-19 pandemic.
Running Industry Association Launches COVID-19 Resource Guide for Retailers
The Running Industry Association (RIA) has assembled an online resource guide to assist the run specialty community during the COVID-19 pandemic that is causing countless retail stores across the country to close indefinitely.
Rocky Brands Deemed ‘Essential Business’ By State Of Ohio
Rocky Brands Inc. on Monday announced it will continue operations and shipments from its distribution center in Logan, OH, following Ohio Gov. Mike DeWine and the Ohio Department of Health issuing a “Stay at Home” order for all nonessential businesses from March 24 through April 6.
Summer Olympics To Be Postponed Until 2021
The Summer Olympics, scheduled to be held in Tokyo from July 24 to August 9, will be postponed until 2021 due to the ongoing coronavirus pandemic, USA Today reported Monday afternoon.
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