Beginning on Monday, March 16, all Petzl America employees with the ability to telecommute will be working from home until further notice.
Author: SGB Media
Dorel Sports’ Profitability Soars In Q4
Dorel Sports’ revenues grew for the third consecutive quarter as new models, particularly Cannondale, saw a good response in the marketplace, according to Dorel Industries Inc.
Athleta Nearly Hits $1 Billion Milestone In 2019
Athleta’s revenues were up “just shy” of $1 billion with growth of 12 percent on the top-line and low-double-digit in earnings, Teri List-Stoll, GAP’s’ EVP and CFO, said on the company’s fourth-quarter conference call. Another 20 stores are expected to open in 2020.
Aisle Talk | Week Of March 9, 2020
The Week’s Top Headlines across the Active Lifestyle Industry as reported in SGB Updates during the week of March 9, 2020.
Kohl’s Postpones Investor Day Due To Coronavirus Spread
Kohl’s Corp. in a regulatory filing that it will postpone its investor day planned for Monday, March 16, as a coronavirus precaution. The retailer also noted that its certain categories “most affected by the virus” although it didn’t identify those categories.
Sequential Brands Suffers Q4 Sales Slide
Sequential Brands Group Inc., the parent of Avia, And1 and Gaiam, reported a loss in the fourth quarter as revenues slumped 31.3 percent.
Clarus Appoints EVP Of Operations And Talent
Clarus Corp. announced the appointment of Kelly Davis as executive vice president of operations and talent, effective March 26, 2020.
SFIA, NFHS, NCAA Team Sports Rules & Management Conference Postponed
The SFIA, NFHS and NCAA have decided to postpone the annual Team Sports Rules & Management Conference, scheduled to take place in Indianapolis on April 13 to 14, 2020 due to the coronavirus.
Fanatics Partners With Inter Miami CF
Inter Miami CF, Major League Soccer’s (MLS) new South Florida expansion franchise, and Fanatics announced a new, long-term, omnichannel retail partnership.
Smith & Wesson Appoints VP Of Sales
Smith & Wesson Inc. announced that industry veteran Sue Cupero has been promoted to the role of vice president, sales.
Tilly’s Q4 Earnings Slump
Tilly’s Inc. said a higher-than-expected decline in store traffic and comparable sales during the second and third weeks of December resulted in a disappointing fourth quarter.
Zumiez Q4 Earnings Jump 28 Percent
Zumiez Inc. reported fourth-quarter earnings rose 28.0 percent and topped Wall Street’s targets. Same-store sales increased 6.4 percent and grew 5.8 percent in February.
Famous-Footwear’s Parent Sees Q4 Miss Plan
Caleres Inc., the parent of Famous Footwear, reported fourth-quarter earnings came in below plan and said it expects headwinds between 15 cents to 20 cents in the first quarter tied to the coronavirus outbreak. Famous Footwear’s comps were up 5.1 percent in the fourth quarter.
Running Races Suspended Or Cancelled
The NYC Half Marathon and New Balance Indoor Nationals, both scheduled for this weekend, have been canceled while the Spartan Race in San Luis Obispo, CA, also set to take place this weekend, has been postponed.
Coronavirus Has Disrupted Supply Chains For Nearly 75 Percent Of U.S. Companies
According to a survey from the Institute for Supply Management (ISM), nearly 75 percent of companies report supply chain disruptions in some capacity due to coronavirus-related transportation restrictions, and more than 80 percent believe that their organization will experience some impact because of COVID-19 disruptions.
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