In response to the global COVID-19 coronavirus outbreak, VF Corporation announced the temporary closure of all owned retail stores across North America, effective March 16 through April 5.
Category: Apparel
NRF: Retailer Leaders Issue Statement On Responsible Shopping During Covid-19 Pandemic
National Retail Federation President and CEO Matthew Shay and Retail Industry Leaders Association President Brian Dodge are advising consumers to shop responsibly during the coronavirus (COVID-19) pandemic.
RILA: Leading Retailers Step Up To Partner On Covid-19 Testing
Brian Dodge, president of the Retail Industry Leaders Association (RILA), issued a statement following the White House announcement for plans to develop a web portal and drive-through sites for coronavirus testing in partnership with leading retailers.
REI Retail Stores Closing Until March 27
REI Co-op is closing its retail stores from Monday, March 16, through Friday, March 27, to “help protect the health and safety of our employees and customers” from the coronavirus, CEO Eric Artz said in a statement.
Nike Closing Stores In Response To Coronavirus
Nike Inc. on Sunday said it is closing all stores in the U.S., Canada, Western Europe, Australia and New Zealand from Monday, March 16, through Friday, March 27, to limit the spread of the coronavirus.
The Buckle’s Q4 Earnings Rise 14 Percent
The Buckle Inc. reported earnings rose 14.4 percent in the fourth quarter as same-store sales grew 3.3 percent.
Kohl’s Postpones Investor Day Due To Coronavirus Spread
Kohl’s Corp. in a regulatory filing that it will postpone its investor day planned for Monday, March 16, as a coronavirus precaution. The retailer also noted that its certain categories “most affected by the virus” although it didn’t identify those categories.
Sequential Brands Suffers Q4 Sales Slide
Sequential Brands Group Inc., the parent of Avia, And1 and Gaiam, reported a loss in the fourth quarter as revenues slumped 31.3 percent.
Fanatics Partners With Inter Miami CF
Inter Miami CF, Major League Soccer’s (MLS) new South Florida expansion franchise, and Fanatics announced a new, long-term, omnichannel retail partnership.
Tilly’s Q4 Earnings Slump
Tilly’s Inc. said a higher-than-expected decline in store traffic and comparable sales during the second and third weeks of December resulted in a disappointing fourth quarter.
Zumiez Q4 Earnings Jump 28 Percent
Zumiez Inc. reported fourth-quarter earnings rose 28.0 percent and topped Wall Street’s targets. Same-store sales increased 6.4 percent and grew 5.8 percent in February.
Running Races Suspended Or Cancelled
The NYC Half Marathon and New Balance Indoor Nationals, both scheduled for this weekend, have been canceled while the Spartan Race in San Luis Obispo, CA, also set to take place this weekend, has been postponed.
Coronavirus Has Disrupted Supply Chains For Nearly 75 Percent Of U.S. Companies
According to a survey from the Institute for Supply Management (ISM), nearly 75 percent of companies report supply chain disruptions in some capacity due to coronavirus-related transportation restrictions, and more than 80 percent believe that their organization will experience some impact because of COVID-19 disruptions.
Hibbett Announces Departure of Cathy Pryor As SVP Operations
Hibbett Sports Inc. announced the departure of Cathy Pryor as senior vice president of operations and the promotion of Benjamin Knighten to senior vice president of operations.
Canadian Tire Appoints New CEO
Canadian Tire Corporation Ltd., the parent of SportChek and Helly Hansen, appointed Greg Hicks as president and chief executive officer of Canadian Tire Corporation.
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