VF Corp. said it will reduce the salaries of its executive team over the next four months, keep its stores closed in North America and EMEA until May 3, and has drawn the remaining $1 billion under its revolving credit facility in response to the coronavirus outbreak. (Read More)
The North Face announced it will join in the fight against the COVID-19 pandemic with the donation of $1 million in grants through its social advocacy platform, The Explore Fund, as well as the donation of 60,000 gloves to U.S. healthcare professionals and first responders. (Read More)
Trek Bicycle is launching free home delivery throughout the continental U.S. for online bike orders through May 1, 2020 in response to the COVID-19 pandemic. (Read More)
Compass Diversified Holdings (CODI), the parent of 5.11 Tactical, Velocity Outdoor and Liberty Safe, in a letter to shareholders, said it has a detailed crisis preparedness plan in place and "sufficient liquidity" to manage during the COVID-19 pandemic. (Read More)
Canadian Tire Corp. said it is taking aggressive action to preserve its cash position and financial flexibility. The company also noted that online sales at SportChek are running strong amid the coronavirus pandemic as Canadians purchase health and fitness products. (Read More)
The Grand Canyon National Park in Arizona announced in a press release on Wednesday that it would close to the public after receiving a request to do so from Coconino County health officials. (Read More)
Boardriders Inc., the parent of Quiksilver, Billabong, Roxy, DC Shoes, RVCA and Element, announced today that it is taking a range of actions to respond to the global health crisis, as well as the associated demand impact that government-mandated shutdowns have had on its business. (Read More)
Academy Sports + Outdoors said in a letter to customers that almost all of its stores and all three of its DCs remain open for business. The retailer said it has been determined to be an essential retailer by several CISA sector standards in part because the retailer’s products are used to counter severe weather season in the southwest region. (Read More)
Helen of Troy, the parent of Hydro Flask, said its executive leadership team is taking temporary salary reductions and it's introducing cost-containment efforts in response to the impact of COVID-19 on the current business environment. Borrowings were also increased under its credit line. (Read More)
In an interview on CNBC, L.L.Bean CEO Stephen Smith contended that the recently passed $2 trillion stimulus package does not address “middle market retail” companies such as his. (Read More)
