Rocky Brands Hits COVID-19 Headwinds In Q1

Rocky Brands Inc. reported first-quarter net sales of $55.7 million, down from $65.9 million in the year-ago period. The company reported first quarter net income of $1.2 million, or 16 cents per diluted share, compared to net income of $3.6 million, or 48 cents per diluted share, in the first quarter of 2019.

Concept One Disputes Charges In Northwest Company Bankruptcy

Sam Hafif, CEO, Concept One Accessories, in a statement denied his company made any “inaccurate representations” prior to the 2017 sale of its team sports bag business to The Northwest Company (TNC). The charge against Concept One was included in court papers related to TNC’s bankruptcy filing.

RV Shipments Plummet 20 Percent In March

RV shipments totaled 30,288 units in March, a decrease of 20.3 percent from the 38,015 units shipped in March 2019, according to the RV Industry Association’s March 2020 survey of manufacturers.

WSL Postpones All Events Through June

Due to the continued evolution of the COVID-19 pandemic, the World Surf League (WSL) said it is postponing or canceling all events, at all levels of competition, through the end of June. The WSL will continue to monitor the situation and make the next call in early June.

Vail Resorts Announces Pass Credits To Make Amends For Shortened Season

After the 2019/20 ski season was cut short due to the coronavirus, Vail Resorts Inc. is making amends for skiers and snowboarders who felt they deserved compensation after not getting their money’s worth from their Epic Pass investment. The company said Monday it would offer credits to 2019/20 pass holders who purchase a 2020/21 Epic Pass.

JD Sports Suspends Dividend, Cuts Salaries

JD Sports said it will suspend its dividend, reduce the salaries of its senior management team and defer bonuses in order to support liquidity as a precautionary measure amid the COVID-19 pandemic.

Thule’s Revenues Decline In Q1

Thule Group reported sales declined 7.5 percent on a currency-neutral basis in the first quarter. Sales were down 13 percent in the Americas region and 5.7 percent in the Europe & ROW region.

Macy’s Debt Ratings Lowered

S&P Global lowered the debt ratings of Macy’s as the rating agency expects prolonged effects of social distancing and a weak environment for discretionary spending will intensify pressures on the department store sector. S&P said Macy’s also faces sizable upcoming debt maturities over the next several years and potential covenant compliance issues under its revolving credit facility.

TrueCoach Acquired By TSG

TrueCoach, the health and fitness software provider, has been acquired by TSG, an Advent portfolio company. TrueCoach becomes part of TSG, following the acquisition of boutique fitness software providers Mariana Tek, Triib, Zingfit, and BrandBot

Adidas’ Q1 Revenues Drop 19 Percent

Adidas AG reported first-quarter earnings tumbled 97 percent. Sales slumped 19 percent on a currency-neutral basis. Adidas also warned the second-quarter results would decline to a greater degree.

NBA Could Begin Allowing Workouts By May 8

The NBA informed its teams on Monday that it is planning to modify its guidance regarding the use of team practice facilities and player training. The league is targeting no earlier than Friday, May 8, as the commencement date for the new rules and that it may push the timing back if developments warrant.