Sportsman Product

Updates

Earwear And Wristbands Drive Q1 Growth In Wearables

Global shipments of wearable devices grew 29.7 percent year over year during the first quarter of 2020 (1Q20) as total device volume reached 72.6 million units according to new data from the International Data Corporation (IDC) Worldwide Quarterly Wearable Device Tracker. However, the growth was disproportionately spread across the various form factors as growth in wristbands and earwear/hearables was more than enough to offset the decline from smart and basic watches. (Read More)

Nordstrom’s Q1 Revenues Sink 40 Percent

Nordstrom’s Q1 Revenues Sink 40 Percent

Nordstrom Inc. reported a loss of $521 million in the first quarter that included impairment charges related to store closures, premium pay and benefits and restructuring charges. The retailer said the quarter reflected actions to strengthen its financial flexibility through inventory and overhead cost reductions and position the business for the long-term through an acceleration of its strategic initiatives. (Read More)

Burlington Stores Q1 Sales Decline By Half

Burlington Stores Q1 Sales Decline By Half

Burlington Stores Inc. reported revenues tumbled 51 percent in the first quarter ended May 2 as all of the off-price stores closed on March 23 and remained close for the remainder of the quarter. Over 400 stores will have reopened by this weekend. (Read More)

JCPenney Reopens 150 More Stores

JCPenney Reopens 150 More Stores

JCPenney, which filed for bankruptcy protection on May 15, said it has reopened 150 more stores bringing the total number of locations that it has reopened during COVID-19 to 304. Nearly 500 stores should be reopened by June 3 (Read More)

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