Goal Zero’s Demand Soars Amid Coronavirus

Goal Zero is one company that has seen a surge in demand for its products amid the coronavirus pandemic. SGB Executive looks at the drivers behind these the portable power brand’s soaring sales and the supply chain challenges it’s overcoming.

Bass Pro’s Debt Ratings Outlook Lowered To Negative

Moody’s changed its debt rating of Bass Pro Group, L.L.C. to negative from stable. The change in outlook to negative from stable reflects the risk that Bass Pro’s credit metrics may weaken on a sustained basis as a result of recessionary conditions and declines in discretionary consumer spending.

Yue Yuen’s Revenues Expand 4.2 Percent In 2019

Yue Yuen Industrial (Holdings) Ltd. recorded revenue of $10,105.4 million in 2019, representing an increase of 4.2 percent, compared with the previous year. Profit attributable to owners of the company declined by 2.1 percent to $300.5 million, as compared to $307.1 million recorded for the previous year.

Crocs Amends Credit Facility, Suspends Share Buybacks

Crocs amended its revolving credit facility and suspended share repurchases to preserve maximum liquidity and flexibility amid the COVID-19 pandemic. The company also said its retail stores in North America will remain closed until further notice.

Escalade Appoints New President & CEO

Escalade Inc., a maker of a wide range of sporting goods, announced the appointment of Scott Sincerbeaux as the organization’s next president and chief executive officer. Sincerbeaux joins Escalade from Wolverine World Wide, Inc., where he held several positions including president of The Stride Rite Children’s Group, president of direct to consumer and president of global retail. 

Saucony Run For Good Foundation Marks 15th Anniversary

Saucony marks the 15th anniversary of the brand’s Saucony Run for Good Foundation with the announcement of a new round of grant winners. Established in 2006, the Foundation has awarded more than $1.5 million dollars in grants to 180 schools and community organizations all dedicated to preventing childhood obesity through running and proper nutrition.

New Balance To Make Medical Masks

New Balance said it will be making medical-grade face masks at its U.S. plants as hospitals continue to face shortages of safety equipment amid the spread of the coronavirus.