Helen of Troy Ltd. reported sales at its Housewares segment, which includes Hydro Flask and OXO, increased 15.0 percent in the fourth quarter ended February 29.
Author: SGB Media
Simon Property Group To Reopen 49 Malls
Numerous reports on Tuesday afternoon said Simon Property Group would reopen 49 malls that have been shuttered for more than a month due to the coronavirus.
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.
Ikon Pass Adds Two Destinations For 2020/21 Ski Season
Alterra Mountain Co. has announced two additions to its Ikon Pass for the 2020/21 ski season—Mt. Bachelor in Oregon and Windham Mountain in New York—bringing the pass’s total to 43 destinations.
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.
Amid Record Sales In 2019, REI Co-Op Ramps Up Reinvestment
Last year was one of transition for REI Co-op, highlighted by a surprising and controversial change at CEO. But 2019 also saw the Kent, WA-based retail giant continue to ramp up its investment in the outdoor community.
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.
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