The Week’s Top Headlines across the Active Lifestyle Industry as reported in SGB Updates during the week of March 16, 2020.
Author: SGB Media
Outdoor Retailer Summer Market Still On—For Now
Outdoor Retailer Summer Market, scheduled for June 23-25 at Colorado Convention Center in Denver, CO, is still on as of March 20 despite the spread of the coronavirus, the company announced in a Friday morning email.
Fiscal 2020 Becomes ‘Year to Forget’ For Vail Resorts
The coronavirus has taken a huge toll on Vail Resorts Inc., which closed its 34 North American resorts (with the chance of reopening three of them). Vail remains in a strong financial position, but such an abrupt end to the ski season quickly turned the company’s fiscal 2020 into a “year to forget.”
Best Running Stores Event Postponed
Diversified Communications has decided to postpone its Best Running Stores event due to the escalating COVID-19 outbreaks and contagion.
Simon Property Group Temporarily Closes All U.S. Properties
Simon Property Group announced Thursday that it will close all of its retail properties, including malls, premium outlets and mills in the U.S. to address the spread of COVID-19.
Hibbett Sports Delivers 4 Percent Q4 Comp Gain
Hibbett Sports Inc. reported earnings on an adjusted basis, slid 14.5 percent in the fourth quarter, missing Wall Street’s guidance. Same-store sales grew 4 percent, its fifth consecutive quarter of comparable sales growth. The chain is not providing 2020 guidance due to the coronavirus. Mike Longo, CEO, said, “We believe we have ample liquidity and financial flexibility to navigate this period of uncertainty while positioning Hibbett for future success.”
Ross Stores To Temporarily Close Locations
Ross Stores Inc. announced that given the rapidly escalating developments related to the COVID-19 pandemic, the company will now temporarily close all Ross Dress for Less and dd’s DISCOUNTS locations throughout the United States effective March 20, 2020 through April 3, 2020.
New Balance Closes Stores, Offices And Factories Amid Coronavirus Concerns
New Balance is temporarily closing its offices, factories and owned stores in the United States, Canada and Western Europe from March 16 until at least March 27 in response to the COVID-19 pandemic.
Recall: C3 Manufacturing Climbing Devices
About 1,100 Perfect Descent Auto Belays climbing devices from C3 Manufacturing are being recalled.
2020 OIA Capitol Summit Is Postponed
Outdoor Industry Association on Thursday announced it is postponing the April 2020 Capitol Summit in Washington, DC. The organization said it hopes to reschedule this event at a future date.
Shoe Carnival Closing Stores Until April 2
Shoe Carnival Inc. on Thursday provided an update on its operations in response to the continued spread of COVID-19. The company will temporarily close its stores to consumers across the U.S. and Puerto Rico until April 2, 2020, effective today.
The TJX Cos. Inc. To Close All Stores For Two Weeks
The TJX Companies Inc. on Thursday said effective immediately the company is closing all of its stores in the United States, Canada, Europe, and Australia for two weeks due to the COVID-19 outbreak.
WSL Cancels Or Postpones All Events Through May
Due to the continued evolution of the COVID-19 pandemic, the World Surf League (WSL) is postponing or canceling all events, at all levels of competition, through the end of May.
Kohl’s Announces Temporary Closure Of Stores Nationwide
Kohl’s announced on Thursday that as the result of the escalating COVID-19 pandemic the company will temporarily close its stores nationwide effective Thursday, March 19 at 7 p.m. local time.
NRF Seeks Guidance On ‘Essential Retail Businesses and Services
The National Retail Federation on Thursday sent a letter to President Trump and administration officials urging the federal government to produce national guidance for state and local governments seeking to clarify “essential retail businesses and services” for their communities.
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