Vans will be extending its give-back program and offering a 30 percent discount to all first responders in the United States to thank them for their dedication and bravery in the fight against COVID-19.
Category: Footwear
Report: Orlando/Disney World Seen As Frontrunner For NBA’s Return
Orlando’s Walt Disney World has reportedly emerged as a front-runner to host NBA games if the 2019-20 season resumes this summer. Las Vegas also remains an option.
Shoe Carnival’s Q1 Revenues Drop 42 Percent
Shoe Carnival Inc. reported a loss of $16.2 million in the first quarter. Revenues fell 41.9 percent as the impact of substantially all stores being closed for approximately 50 percent of the quarter was only partially offset by increased e-commerce sales. As of May 5, over 50 percent of the off-pricer’s stores had re-opened.
DePaul University Extends Partnership With Nike and BSN Sports
DePaul University announced that it has entered into a multi-year partnership with Nike through BSN Sports to continue to make Nike the official apparel of DePaul Athletics.
PGA Shows Cancels In-Person PGA Fashion & Demo Experience
After careful consideration and with guidance from health authorities and industry stakeholders, the PGA Fashion & Demo Experience, originally scheduled for August 18-19, 2020, at the Venetian Resort Las Vegas, will instead facilitate business connections through a series of digital programs starting in June with additional online offerings continuing throughout 2020.
Golf Retail Store Openings Jump To 75 Percent
The percentage of off-course golf specialty stores open to foot traffic jumped from 61 percent to 75 percent last week in the National Golf Foundation’s latest industry-wide surveys. On-course pro shops are following close behind with 63 percent now open, up from 52 percent the prior week.
NFHS Releases Guide For Returning To High School Sports
The National Federation of State High School Associations (NFHS) has released guidance for its 51 member state high school associations to consider in re-opening high school athletics and other activity programs across the nation. Higher-risk sports such as football and wrestling were seen presenting more of a concern for transmission of the virus than lower-risk sports like individual running events and golf.
Target’s Same-Store Sales Grew 10.8 Percent
Target Corp. reported first-quarter comparable sales grew 10.8 percent, driven by a 12.5 percent increase in average basket, as guests made fewer, bigger shopping trips. Store comparable sales increased 0.9 percent. Digital comparable sales grew 141 percent. Profits slumped 64 percent due to incremental pay and investments in safety measures.
L.L.Bean Begins Phased Store Reopenings At Select Locations
L.L.Bean announced it is beginning to reopen select stores in a phased approach, including limited-capacity shopping and/or curbside pick-up options as state guidelines allow.
Dick’s Partners With Lindsey Vonn On Summer Scholarships
The Dick’s Sporting Goods Foundation partnered with The Lindsey Vonn Foundation (LVF) to give out $195,000 in Summer Scholarships.
VF Corp Donates More Than $10.3 Million To COVID-19 Relief Efforts
VF Corp., The VF Foundation, and the VF family of brands have donated more than $10.3 million in funds, products, and services worldwide to stem urgent medical needs, and help those struggling to cope in the face of the Coronavirus pandemic.
Walmart U.S. Q1 Same-Store Sales Climb 10 Percent
Walmart reported Q1 comp sales grew 10.0 percent in the first quarter and e-commerce surged 74 percent in its U.S. operations. The quarter included incremental costs related to COVID-19 of nearly $900 million.
Kohl’s Q1 Sales Tumble 41 Percent
Kohl’s Corp. reported sales tumbled 40.6 percent in the first quarter to $2.43 billion from $4.09 billion a year ago. The department store operator has taken a series of measures to combat the pandemic, including cutting costs, lowering capex spending by about $500 million and suspending share buybacks and its quarterly dividend. It ended the quarter with about $2 billion in cash.
Outdoor Brands Invests In Public Lands Defense
The Conservation Alliance has awarded five grants from the organization’s Public Lands Defense Fund to groups working to defend the Roadless Rule, the National Environmental Policy Act, and Cascade Siskiyou National Monument. The awards were funded with the support of Velocio, Patagonia, and The North Face.
J.C. Penney Plans To Close 242 Locations
J.C. Penney, which filed for bankruptcy protection on Friday, plans to close 242, or 29 percent, of its 846 stores over the next two years, according to a filing with the Securities and Exchanges Commission.
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