Patagonia Selling Online Again

Patagonia, which closed both its stores and e-commerce operations on March 13 in an early response to the spread of COVID-19, has resumed online selling.

Canada Goose Commits To Carbon Neutrality By 2025

Canada Goose launched its Sustainable Impact Strategy outlined in the company’s first-ever Sustainability Report. The accelerated strategy includes tangible commitments supporting four key UN Sustainable Development Goals (SDGs) to ensure a sustainable future.

Wolverine Worldwide’s Q1 Revenues Slump 16 Percent

Wolverine Worldwide reported a steep drop in earnings in the first quarter as sales slumped 16 percent while reiterating the company’s strength to navigate COVID-19. Blake Krueger, CEO said in a statement, “We believe the company is strong, well-positioned to navigate the current challenges and will emerge even stronger.”

Unifi Appoints CEO

Unifi Inc., the producer of recycled and synthetic yarns, announced that its Board of Directors has appointed Eddie Ingle as chief executive officer and a member of the Board of Directors effective July 1, 2020.

VF Sees Fiscal 2020 Just Missing Expectations

VF Corp. provided a revenue outlook for its year ended March 31 that was slightly below Wall Street expectations in conjunction with a debt offering. Earnings guidance likewise was slightly below average estimates.

Pure Fishing’s Debt Ratings Downgraded

Moody’s Investors Service downgraded the debt rating as SP PF Buyer LLC, which does business as Pure Fishing. The rating agency said the downgrade reflects Pure Fishing’s “unsustainable capital structure” and the fallout from the coronavirus outbreak.

VF Corp.’s Debt Rating Outlook Revised To Negative

Standard & Poors Corp. revised its debt rating outlook on VF Corp. to negative. The rating agency said it expects VF’s operating results to be “significantly weaker” than it expected due to the economic fallout from the spread of the coronavirus.