Zumiez Inc. reported sales tumbled 35.3 percent in the first quarter ended May 2 and slid 8.6 percent in May. The action sports retailer closed the quarter with 9 percent of its stores opening and ended the month of May with 69 percent open.
Category: Footwear
Canada’s Sail Outdoors Files For Bankruptcy Protection
Sail Outdoors Inc., which operates 18 outdoor stores in Canada under the Sail and Sportium banners, has filed for bankruptcy protection in response to challenges posed by COVID-19 with a plan to restructure finances.
The Running Event Confirms 2020 Dates
The Running Event has confirmed that it is moving forward with the 2020 planned event in Austin, Texas from December 1-3, 2020. TRE event registration will open in mid-August.
Columbia Sportswear Closes Stores During George Floyd’s Memorial Services
Columbia Sportswear in an internal memo said it will be closing all its stores for two hours during George Floyd’s memorial service, make donations to the NAACP Legal Defense Fund and the Marshall Project, and double-match contributions by employees to non-profits addressing racism.
MLS, Players Reach New Agreement, Sets Stage For Resuming 2020 Season
MLS and the MLS Players Association completed a new collective bargaining agreement on Wednesday after the MLSPA voted to approve a revised plan, paving a way for a return to play in July.
Nike Renews Sponsorship Of Stade Toulousain
Nike has renewed its sponsorship deal with Stade Toulousain, the French rugby club.
Adidas Business In Greater China Returns To Growth In May
Adidas said that in Greater China, the company’s first major market on the road to recovery, all own- and partner-operated stores have been open since mid-April. While store traffic remained below the prior year level in May, targeted efforts to revitalize retail have led to sequential improvements since stores reopened
Wolverine Seeing Online Sales Surge In Second Quarter
Wolverine World Wide Inc., in a business update, said owned e-commerce grew more than 90 percent in the first nine weeks of the second quarter of fiscal 2020, helping the company deliver a better-than-expected performance so far in the period.
NBA Expected To Approve 22-Team Plan To Restart Season
The NBA plans to resume play on July 31 with 22 of its 30 teams competing for the final seeds of a 16-team playoff, according to a report from ESPN.
Tilly’s Inc. Looks To Rebound From Ugly Q1 With 67 Percent Of Stores Now Reopened
Tilly’s, Inc. saw total net sales decline 40.7 percent the first quarter of fiscal 2020 ended May 2 as store closures halfway through the period cut into sales for the period. Total net sales were $77.3 million compared to $130.3 million in the prior-year quarter.
L.L. Bean Repens Flagship In Freeport
L.L. Bean announced it is opening its flagship store in Freeport, ME along with outlets also in Freeport, Bangor, and Ellsworth, ME respectively.
Duke’s Sporting Goods Merges With H+W Sports
Duke’s Sporting Goods and H+W Sports, two team-sports retailers based in Kentucky, have decided to merge.
Golf Emergency Relief Fund Delivers Over $4 Million In Phase 1 Grants
In the face of overwhelming need from workers across the golf industry suffering hardship due to the COVID-19 pandemic, the Golf Emergency Relief Fund has awarded over $4 million to more than 3,300 individuals seeking assistance during Phase 1 of the initiative. Registration limits were reached within 24 hours after the fund was opened on April 15.
More Than Three Million Athletes Compete In Spartan’s Virtual Race
Spartan succeeded in hosting its biggest event yet in collaboration with World OCR – with more than 40,000 athletes posting results in 24 hours cross the virtual finish lines in more than 100 countries during “Project Unbreakable: The World’s Largest Virtual Race, powered by Rakuten.”
Running Industry Association Announces Virtual Trade Show
The Running Industry Association (RIA) said that due to COVID-19, it is replacing its in-person trade show, scheduled to run in Denver, CO earlier this month, with a virtual show.
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