Winnebago Industries Inc. reported revenues for the fiscal 2020 second quarter ended February 29, increased 44.9 percent to $626.8 million compared to $432.7 million for the fiscal 2019 period. Revenues for Newmar, which was acquired in the first quarter of fiscal 2020, were $138.4 million.
Category: Outdoor
Dick’s Sporting Goods Cuts Salaries And Expenses, Suspends Stock Buybacks
Dick’s Sporting Goods, in a regulatory filing, announced the temporary reduction in the base salaries of certain executive officers in response to the current business environment as impacted by COVID-19. The retailer also said it’s embarking on a “significant reduction” in expenses and planned inventory receipts, reducing planned capital expenditures, temporarily suspending its share buybacks, and evaluating its dividend program.
Deckers Re-Opens Distribution Center
Deckers Brands said that after incorporating enhanced safety protocols, the company has resumed modified operations with limited capacity at its distribution center located in Moreno Valley, CA.
Anta Sports Sees First-Half Sales Drop Due To Coronavirus
Anta Sports said it expects a low-double-digit decrease in revenues for the first half of 2020 due to the fallout from the coronavirus, but sales are expected do recover in the second half and growth is still expected for the year.
VF Corp. Withdraws Guidance, Draws Down $1 Billion From Credit Facility
VF Corp. said it has drawn down $1 billion from its revolving credit facility “in an abundance of caution and as a proactive, precautionary measure” in response to the coronavirus. The company also withdrew its guidance for 2020.
Igloo Pledges Profits To Coronavirus Response Fund
Igloo has announced they will be donating 100 percent profits from all Playmate coolers sold on Igloocoolers.com over the course of the next 30 days to the CDC Foundation Coronavirus Response Fund.
Recall: C3 Manufacturing Climbing Devices
About 1,100 Perfect Descent Auto Belays climbing devices from C3 Manufacturing are being recalled.
WSL Cancels Or Postpones All Events Through May
Due to the continued evolution of the COVID-19 pandemic, the World Surf League (WSL) is postponing or canceling all events, at all levels of competition, through the end of May.
Academy Sports Adjusts Hours For Extra Cleaning
Academy Sports & Outdoors said that effective Wednesday, March 18, 2020, it updated its store hours to allow additional time for intensive cleaning in response to the coronavirus.
SportChek Faces Temporary Closings On Coronavirus Measures
Canadian Tire Corp. announced that in response to the growing concern surrounding COVID-19, it will reduce operating hours at Canadian Tire Retail and temporarily close its other retail stores, including Mark’s/L’Équipeur, SportChek, Atmosphere, Party City, Pro Hockey Life, National Sports and PartSource.
Duluth Trading Delivers 7 Percent Comp Gain In Q4
Duluth Holdings Inc., the parent of Duluth Trading, reported fourth-quarter earnings rose 18.4 percent due to strong expense controls and a 7 percent gain in comparable-store sales.
Dick’s To Close For Two Weeks
Ed Stack, Dick’s Sporting Goods’ CEO, announced that the retailer will close its locations from March 19 until April 2 “in support of the nation’s efforts to stop the spread of COVID-19.” In a regulatory filing, Dick’s also said it has experienced a “significant reduction in customer traffic and demand” since March 10 and was withdrawing its guidance for the year.
National Park Service To Waive Entrance Fees At Open Parks
The National Park Service (NPS) on Wednesday temporarily suspended the collection of all park entrance fees until further notice to aid social distancing. The suspension comes a day after the office closed a number of parks to address over-crowding situations.
Amazon Warehouses Will Stop Accepting Non-Essential Items Amid Covid-19 Outbreak
Amazon is stopping sellers from sending non-essential items to its U.S. warehouses until April 5 to make space for vital items needed by its customers during the coronavirus outbreak.
National Park Service Mandates Widespread Closures Of Facilities
The National Park Service (NPS) is modifying operations until further notice for facilities and programs that cannot adhere to the latest guidance from the White House, Centers for Disease Control & Prevention (CDC) and local and state authorities to promote social distancing.
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