Century Boats, based in Zephyrhills, FL, announced the acquisition of Vanquish Boats. The existing Vanquish models will soon be reintroduced as Century Coronado.
Author: SGB Media
Half Of Golf Courses Open With More Likely To Resume Play Soon
Forty-nine percent of golf courses in the U.S. were open for play last week with more expected to resume play in the coming weeks, according to the National Golf Foundation’s most recent COVID-19 survey.
How Coronavirus Is Teeing Off On The Golf Industry
While golf is faring better than many other sports in the age of coronavirus, pain points have emerged across an otherwise solid industry. SGB Executive digs into the impact of this pandemic on golf play, manufacturing and retail.
J.C. Penney In Negotiations Over Bankruptcy Financing
J.C. Penney Company Inc. is negotiating bankruptcy financing with banks for a debtor-in-possession loan to secure liquidity for operations during bankruptcy, according to a report in the Wall Street Journal.
Walmart Appoints New Marketing Chief
Walmart has hired former Target senior vice president of marketing William White as its chief marketing officer, according to an internal company memo.
New Balance Wins Copyright Lawsuit In China
New Balance won a copyright lawsuit against a Chinese firm in a lengthy battle. The Shanghai Pudong People’s Court ruled that New Barlun was guilty of unfairly using an “N” symbol that closely resembles New Balance’s signature logo and could mislead consumers.
Four NHL Cities Could Host Summer Restart
In an interview with Sportsnet, NHL Commissioner Gary Bettman confirmed that a four-arena plan is being discussed as part of a return of the league.
Patagonia Selling Online Again
Patagonia, which closed both its stores and e-commerce operations on March 13 in an early response to the spread of COVID-19, has resumed online selling.
RRCA Launches Survey To Understand Attitudes On Return To Group/Event Running
The Road Runners Club of America (RRCA) has launched a nationwide survey to learn how the COVID-19 pandemic has affected participation in running events as well as locally organized group runs and training programs.
RunSignup Releases Looking Forward Guidelines For Races
RunSignup has released a working draft of Looking Forward Guidelines for Races. This living document was created with input from dozens of race directors, timers, governing bodies, and other industry partners. It is intended to provide ideas for a path forward for races when coronavirus restrictions are lifted.
Skechers’ Q1 Profits Slump On Pandemic’s Spread
Skechers USA Inc. reported sales slid 2.7 percent in the first quarter as COVID-19 began impacting its China business in February and spread to much of the rest of its markets in March. Earnings on an adjusted basis were down 45.1 percent. On the positive side, Skechers noted that its Chinese business is recovering and online sales are skyrocketing.
Crocs Salvages Q1 But Increasingly Fierce Headwinds Loom
A strong start to Q1 helped Crocs Inc. withstand the severe financial hit that came in March as the coronavirus sparked rampant store closures and declining consumer spending. But global economic softness and the slow reopening of businesses in many markets where Crocs operates will provide significantly fiercer headwinds for the company.
Target’s Q1 Earnings Impacted By COVID-Related Costs
Target Corp. said quarter-to-date, total company comparable sales have grown more than 7 percent, but warned that a number of factors will reduce first-quarter profitability. These include investments in pay and benefits to support team members during the COVID-19 crisis and a shift in category mix towards lower-margin categories.
Bass Pro’s Re-Opens Springfield Flagship With Restrictions
Bass Pro reopened its flagship store in Springfield, MO with a number of restrictions, including limiting in-store transactions to shooting and shooting accessories.
Houghton Signs New Apparel Deal With Adidas
Houghton College, in upstate New York, has entered into an agreement with Adidas and ADPRO Sports of Buffalo that makes Adidas the official supplier of apparel and uniforms for Highlander athletics teams.
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