Outdoor | Page 492 | SGB Media Online

REI Closes Corporate Campuses Over Coronavirus Precautions

March 3, 2020 SGB Update

REI, based in Seattle, is temporarily closing three corporate campuses in Washington state to conduct a deep cleaning process after learning that two headquarter employees may have been exposed to coronavirus. REI’s King County and Alderwood stores are also undergoing a deep cleaning.

Montane Acquired By Edinburgh-Based Inverleith

March 3, 2020 SGB Update

Montane, the U.K. outdoor clothing and accessories company, said Edinburgh-based specialist consumer brand investor Inverleith LLP has secured a majority stake in the company.

Dick’s Sporting Goods To Open Four Stores In March

March 2, 2020 SGB Update

Dick’s Sporting Goods set plans to open two Dick’s Sporting Goods locations in Chattanooga, TN; and Hagerstown, MD; as well as two Golf Galaxy locations in Warwick, RI; and Berwyn, PA.

Shaun White Ends Olympic Skateboarding Bid

March 2, 2020 SGB Update

Shaun White, the three-time snowboarding champion, said he won’t try to qualify for the U.S. skateboarding team in that sport’s Olympic debut later this year in Tokyo.

Coronavirus Threatens U.S. Mall Traffic

March 2, 2020 SGB Update

According to a survey from Coresight Research, nearly three-quarters of U.S. consumers would stay away from malls or shopping centers if the coronavirus outbreak worsens in the U.S.

Winmark’s President Of Franchising Resigns

February 27, 2020 SGB Update

Winmark Corp., the parent of Play It Again Sports, said Steven A. Murphy, current president, franchising has resigned. Renae M. Gaudette, the company’s vice president, franchising has been named president, franchising;

Columbia Sportswear Warns Of Significant Impact From Coronavirus

February 27, 2020 SGB Update

In an update, Columbia Sportswear said it its 2020 results “to be significantly affected” by the coronavirus outbreak as the epidemic impacts both its business in the Asia region and its supply chain.

VF Corp. Closes Inaugural €500 Million Green Bond

February 27, 2020 SGB Update

VF Corp. announced the closing of its €500 million green bond offering, representing the first green bond issued in the apparel and footwear industry. The amount equivalent to the net proceeds from the offering will be used to advance programs within the company’s Made for Change Sustainability & Responsibility strategy.

Vista Outdoor Supports Legislation Removing Barriers For Veterans In The Outdoors

February 26, 2020 SGB Update

Vista Outdoor Inc. announced that the company, along with its brands, joined a diverse group of outdoor stakeholder groups and companies in a letter to the House Veterans Affairs Committee in support of the Accelerating Veterans Recovery Outdoors Act, a federal proposal to reduce barriers for veterans getting outdoors.

Play It Again Sports Parent Expands Earnings In 2019

February 26, 2020 SGB Update

Winmark Corp., the parent of Play It Again Sports, reported earnings rose 10.4 percent in the fourth quarter to $8.46 million, or $2.08 per share, from $7.66 million, or $1.83, for the same period last year.

Wolverine World Wide Sees Five Percent Growth In Q4

February 25, 2020 SGB Update

Wolverine World Wide Inc. reported sales rose 4.8 percent in the fourth quarter, boosted by mid-teens revenue growth from Merrell and Sperry and saw earnings top Wall Street’s guidance. For the current year, however, the company provided a soft outlook, citing the negative impact of the coronavirus outbreak.