Author: SGB Executive

Yeti’s Earnings Jump As DTC Sales Surge Amid Pandemic

Yeti’s Earnings Jump As DTC Sales Surge Amid Pandemic

Benefitting as people spend time outdoors during the pandemic, Yeti Inc. reported earnings and sales in the second quarter that handily topped Wall Street targets. Said Matt Reintjes, president and CEO, "Yeti’s product performance, durability and versatility are key as customers rely on, and invest in, brands that help them enjoy outdoor activities.” (Read More)

OR Parent Making “Significant Progress” With Virtual Events

OR Parent Making “Significant Progress” With Virtual Events

Emerald Holding Inc., the parent of Outdoor Retailer, Surf Expo and other trade shows, saw second-quarter revenues collapse as it was forced to cancel 60 events and postpone 14 others due to COVID-19. But company officials said it’s making “significant progress” with an ongoing organizational restructure and its virtual events are seeing a strong response. (Read More)

Big 5’s Shares Pop As Sales Growth Accelerates

Big 5’s Shares Pop As Sales Growth Accelerates

Shares of Big 5 Sporting Goods were trading up about one-third after the sporting goods chain reported that the strong recovery in sales seen in the latter part of the second quarter only accelerated in the third quarter with same-store sales soaring 31.9 percent in July. Steve Miller, CEO, told analysts, “One of our biggest challenges in recent months has been keeping up with robust consumer demand." (Read More)

Retail Reports Roundup

Retail Reports Roundup

Recent retail surveys and studies included Deloitte finding Millennials and Gen Zs remaining resilient in the face of COVID-19. Other surveys explored the rise in consumer boycotts, concerns over store safety protocols, as well as outlooks for small businesses, consumer spending, and online growth. (Read More)

Brooks Panel Sees Soul Runners Making Running Stickier

Brooks Panel Sees Soul Runners Making Running Stickier

On an online webinar hosted Thursday by Brooks Running, panelists discussed how the recent surge in running activity seen across the U.S. is being driven by runners seeking stress relief after finding their lives jolted by COVID-19. Fortunately, this new group of “soul runners” is expected to be more dedicated and make running a continuous part of their lives. (Read More)

Survey: Parents More Concerned About Their Kids Returning To Sports

Survey: Parents More Concerned About Their Kids Returning To Sports

Only 53 percent of parents expect their child to resume sports activity at the same or higher amount when current COVID-19 restrictions are removed, according to a new national survey from the Aspen Institute’s Project Play initiative and Utah State University. That’s down from 70 percent in early May from a similar survey by North Carolina State University in partnership with Project Play. (Read More)

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