Canadian Tire Corp. said it is taking aggressive action to preserve its cash position and financial flexibility. The company also noted that online sales at SportChek are running strong amid the coronavirus pandemic as Canadians purchase health and fitness products.
Author: SGB Media
Grand Canyon National Park Closes
The Grand Canyon National Park in Arizona announced in a press release on Wednesday that it would close to the public after receiving a request to do so from Coconino County health officials.
Outdoor Retailer Cancels Summer Market
Outdoor Retailer on Thursday afternoon announced the cancellation of its OR Summer Market show scheduled for June 23-25 in Denver, CO, due to the coronavirus.
Running Event Organizers Seek Coronavirus Relief
Running USA along with Spartan Race, Ironman, Tough Mudder, Rock & Roll Marathon Series, USA Triathlon, USA Cycling, and imATHLETE / EnMotive has joined together to ask Congress for relief from canceled and postponement of events due to the coronavirus.
Consumers Shifting E-commerce Spending Toward Apparel And Footwear During Coronavirus Outbreak
Consumers in the U.S. are shifting their share of e-commerce spending toward apparel, footwear and accessories as the COVID-19 outbreak continues, according to new data from Klarna, a payments platform.
Athletic Directors Survey Identifies Coronavirus Concerns
A survey of more than 100 athletic directors from the Football Bowl Subdivision (FBS) found athletic academic progress and financial uncertainty were top concerns stemming from the coronavirus pandemic.
Zumiez Provides Coronavirus-Related Business Update
Zumiez Inc. provided a business update in response to the continued impact of COVID-19.
Lululemon Reduces Leadership Salaries As Part Of COVID-19 Response
Lululemon Athletica Inc. detailed a range of actions and initiatives to support its employees as COVID-19 continues to impact the business, including pay protection for workers and the reduction of leadership team salaries.
Boardriders Announces Coronavirus Response
Boardriders Inc., the parent of Quiksilver, Billabong, Roxy, DC Shoes, RVCA and Element, announced today that it is taking a range of actions to respond to the global health crisis, as well as the associated demand impact that government-mandated shutdowns have had on its business.
Caleres To Lay Off, Or Furlough Associates, Reduce Salaries
Caleres, the parent of Famous Footwear, said that as part of these efforts to preserve cash, it has made the difficult decision to align its staffing needs with the current, reduced requirements of the business.
Ammunition Distributors Notch Another Record Week
The National Association of Sporting Goods Wholesalers (NASGW) this week released its SCOPE data platform, which showed another record week in firearms and ammunition shipments.
Vista Outdoor Expands List of Nonprofits It Will Support
Vista Outdoor Inc. announced an expanded list of nonprofit organizations it will support. The six veteran- and youth-focused companies share a similar mission focused on exploring, growing and healing in the outdoors.
Ross Stores Implements Furloughs, Salary Cuts
Ross Stores Inc. said it will temporarily furlough the majority of its store and distribution center employees, as well as some other employees across the business, starting April 5, and until operations can resume in those areas. Top executives will also take pay cuts.
Why Sportsman’s Warehouse Is Well-Positioned During The Coronavirus Crisis
Jon Barker, CEO of Sportsman’s Warehouse Holdings Inc., says the company is “positioned as well as anyone” in sporting goods retail in terms of dealing with the coronavirus—but it goes beyond selling firearms and ammunition. He spoke with SGB Executive about why Sportsman’s is in such a good spot.
VF Corp. Appoints Markus Hamm As VP, GM, Kipling EMEA
VF Corp. announced the appointment of Markus Hamm as vice president and general manager, Kipling EMEA, effective April 1.
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