Sporting goods stores in Fresno, CA have been allowed to reopen as essential businesses, city leaders announced. Officials said many of the stores sell essential items including food, water, emergency supplies, ice, food storage, propane, and cooking supplies. (Read More)
Target Corp. said that as the COVID-19 crisis has evolved, the company has been experiencing unusually strong traffic and sales. As a result, the company has adjusted the expected timing of some of its strategic initiatives. (Read More)
Moody's Investors Service downgraded the debt ratings of Camping World due to the potential for ongoing softness in the RV market as the coronavirus likely impacts purchases of big-ticket items. (Read More)
Winnebago Industries Inc. reported revenues for the fiscal 2020 second quarter ended February 29, increased 44.9 percent to $626.8 million compared to $432.7 million for the fiscal 2019 period. Revenues for Newmar, which was acquired in the first quarter of fiscal 2020, were $138.4 million. (Read More)
Dick's Sporting Goods, in a regulatory filing, announced the temporary reduction in the base salaries of certain executive officers in response to the current business environment as impacted by COVID-19. The retailer also said it's embarking on a "significant reduction" in expenses and planned inventory receipts, reducing planned capital expenditures, temporarily suspending its share buybacks, and evaluating its dividend program. (Read More)
Deckers Brands said that after incorporating enhanced safety protocols, the company has resumed modified operations with limited capacity at its distribution center located in Moreno Valley, CA. (Read More)
Anta Sports said it expects a low-double-digit decrease in revenues for the first half of 2020 due to the fallout from the coronavirus, but sales are expected do recover in the second half and growth is still expected for the year. (Read More)
VF Corp. said it has drawn down $1 billion from its revolving credit facility "in an abundance of caution and as a proactive, precautionary measure" in response to the coronavirus. The company also withdrew its guidance for 2020. (Read More)
Igloo has announced they will be donating 100 percent profits from all Playmate coolers sold on Igloocoolers.com over the course of the next 30 days to the CDC Foundation Coronavirus Response Fund. (Read More)
About 1,100 Perfect Descent Auto Belays climbing devices from C3 Manufacturing are being recalled. (Read More)
