VF Corp. reported revenue in the fourth quarter ended March 31 decreased 11 percent on a reported basis and fell 10 percent in constant dollars. Among key brands, currency-neutral sales were down 6 percent at Vans, 13 percent at The North Face, 18 percent at Timberland, and 2 percent at Dickies. Companywide sales and adjusted earnings both missed Wall Street’s targets.
Category: Outdoor
Columbia Sportswear To Reopen 30 U.S. Stores With An Eye On Safety And Helping Communities
Columbia Sportswear Co. will reopen 30 Columbia branded stores in ten states on Friday, May 15, 2020, bringing back more than 250 of its furloughed retail workers.
Revolve Group’s Q1 Sales Improve 6 Percent
Revolve Group, Inc., a fashion e-tailer aimed at Millennial and Generation Z consumers, reported sales rose 6 percent in the first quarter to $146.1 million from $137.3 million a year ago.
Moosejaw, Walmart Collaborate To Launch Two Outdoor Brands
Moosejaw, in collaboration with Walmart, is introducing two gear and apparel lines, Lithic and Allforth. The brands mark the first product collaboration between the two companies since Walmart acquired Moosejaw in 2017.
REI To Open New Store In South Carolina In August
REI plans to open a store in the BullStreet District of Columbia, SC in August. The opening had been expected in May but was delayed in response to COVID-19.
Cat Footwear Appoints Chip Coe As President
Chip Coe has been named the new global brand president of Cat Footwear, a division of Wolverine World Wide Inc.
L.L. Bean Reopens Bike, Boat, Hunting And Fishing Stores In Freeport
L.L. Bean has re-opened its Bike, Boat & Ski Store and its Hunting & Fishing Store in its home town of Freeport, ME. The openings are in line with guidelines provided by Maine officials that deemed bike shops, fishing supply stores, and federally licensed firearms dealers as essential retailers.
J&B Importers Purchases Pure Cycles
Florida-based distributor JBI, a national bicycle distribution company, has announced the acquisition of Pure Cycles, an omnichannel bike brand.
Mavic Placed Into Receivership
Mavic, the French cycling components and accessories brand that has been under the management of a turnaround firm since February, been placed into receivership at the French commercial court.
PeopleForBikes Adds 60 New Member Companies
PeopleForBikes reported that 60 bike businesses have joined the industry coalition as new members since the organization merged with the Bicycle Product Suppliers Association (BPSA) in 2019.
Patagonia Sees Stores Opening In June At The Earliest
Patagonia does not anticipate opening any locations for in-store shopping until June, at the earliest, and it’s prepared to wait until the fall, or even early winter, according to a report in the New York Times.
Yeti Launches Secondary Offering Of Shares
Yeti Holdings Inc. announced the commencement of an underwritten public offering of 15 million shares of Yeti’s common stock by certain of its stockholders.
Dorel Sports Swings To Loss On Covid-19
Dorel Sports showed an operating loss of $611,000 due to the impact of COVID-19. The business showed its fourth consecutive quarter of revenue growth as April bicycle sales surged with stay-at-home families seeking exercise and alternatives to vacations.
NPD: Sporting Goods, Home Fitness And Cycling Sales Surge In The U.S.
As U.S. consumers tackle ways to keep themselves and their families busy, active, and fit during this time of social distancing, sports and home fitness equipment as well as children’s and adult leisure bicycles have seen double- and triple-digit sales increases, according to retail sales data from The NPD Group.
Clif Bar Appoints New CEO
Clif Bar & Company announced that Sally Grimes, most recently at Tyson Foods, has been named the company’s new chief executive officer, effective June 1, 2020. With the appointment, Clif Bar founder, owners and current co-CEOs Gary Erickson and Kit Crawford will remain on the company’s Board of Directors.
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