Vail Resorts Inc. provided updated commentary on its fiscal 2020 results and the evolving impact of Covid-19 on its business and results of operations. The company projects its operating results for March and April will have a negative impact of $180 million to $200 million compared to the resort reported EBITDA the company had as of March 1.
Author: SGB Media
OIA Seeks Tariff Relief For Outdoor Brands Amid Coronavirus Crisis
Outdoor Industry Association (OIA) last week joined 23 trade associations in sending a letter to Larry Kudlow, Director of the National Economic Council under President Trump, urging the President to lift punitive tariffs that were imposed on products sourced from China.
NSGA Update On 2020 Management Conference And Team Dealer Summit
Matt Carlson, president and CEO of the National Sporting Goods Association (NSGA), on Wednesday issued a message about the cancellation of the 2020 Management Conference & Team Dealer Summit due to the Covid-19 outbreak.
New Wave Group Sees Significant Impact From Coronavirus
New Wave Group, the Swedish-based owner of Ahead, Auclair, Craft and Cutter & Buck, said it is largely affected by the spread of the coronavirus. The demand for the group’s products and services is expected to be significantly reduced for all operating segments during the remainder of the first calendar quarter of 2020.
J.C. Penney Temporarily Closes Stores And Business Offices
J.C. Penney Co. on Wednesday announced that in response to the evolving global coronavirus pandemic, it will temporarily close its stores and business offices, starting Wednesday at 7 p.m. local time. The stores and business offices are scheduled to reopen April 2.
Tara McRae Becomes TB12’s First Chief Marketing Officer
TB12, the performance lifestyle brand co-founded by six-time Super Bowl champion Tom Brady and business partner Alex Guerrero, announced Tara McRae, a former executive at Clarks and Puma, as the company’s chief marketing officer.
March 18 Coronavirus Notebook: A Few ‘Winners’ Emerge
The chaos that coronavirus is causing across the active lifestyle marketplace is unprecedented. And while it’s hard to claim any “winners” when an outbreak such as Covid-19 is wreaking so much havoc on everyday life, a couple of categories in this space stand to benefit—firearms and at-home fitness manufacturers.
Nike Leaders Pledge Millions To Covid-19 Response Efforts
Nike Inc., its top leadership and the Nike Foundation said Wednesday they are committing more than $15 million to Covid-19 response efforts.
Sweet Protection Names Atle Enberget Director Of Sales And Marketing
Sweet Protection, manufacturer of performance helmets, goggles and technical clothing, announced today that it has named Atle Enberget as its Director of Sales and Marketing.
Amazon Warehouses Will Stop Accepting Non-Essential Items Amid Covid-19 Outbreak
Amazon is stopping sellers from sending non-essential items to its U.S. warehouses until April 5 to make space for vital items needed by its customers during the coronavirus outbreak.
Adidas To Temporarily Shutter Doors In The U.S., Canada And Europe
Adidas is temporarily shuttering all stores in the U.S., Canada and Europe according to Business Insider. The closures came one day after a leaked internal memo saw CEO Kasper Rorsted assuring employees stores would stay open.
National Park Service Mandates Widespread Closures Of Facilities
The National Park Service (NPS) is modifying operations until further notice for facilities and programs that cannot adhere to the latest guidance from the White House, Centers for Disease Control & Prevention (CDC) and local and state authorities to promote social distancing.
Gap Inc. Announces Temporary Closure Of Stores In North America
Gap Inc. announced that, as a result of the escalating Covid-19 pandemic, it will temporarily close its Old Navy, Athleta, Banana Republic, Gap, Janie and Jack and Intermix stores across North America , effective March 19.
Skechers To Temporarily Close Stores, Withdraws Q1 Guidance
Skechers USA Inc. announced that it is temporarily closing its company-owned Skechers retail stores in North America and select European markets through March 28, 2020 and is withdrawing its first-quarter 2020 guidance due to the continuing impact of the COVID-19 outbreak and the resulting uncertainty of the global retail landscape.
Journeys To Temporarily Close Locations
Genesco Inc., the parent of Journeys, said that after initially reducing store hours, Genesco will temporarily close its North American stores effective, March 18 through March 28 in response to the continued spread of the coronavirus.
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