A NPR/PBS NewsHour/Marist Poll with the Center for Sports Communication at Marist College reveals 56 percent of American sports fans believe people should not be participating in indoor team sports such as basketball. Among all respondents, a slightly higher, 58 percent, felt teams should not be participating. (Read More)
Nike Inc. delivered essentially flat sales in the first quarter ended August 31, recovering from a 38 percent slide in its fiscal fourth quarter, due to the coronavirus pandemic. Online sales continued to accelerate, climbing 82 percent, to offset still eroding store sales. (Read More)
Amazon is handing over bonuses totaling over $500 million to front-line employees and partners for their efforts during the COVID-19 crisis. (Read More)
MEC (Mountain Equipment Co-op), Canada’s largest outdoor chain with 22 stores, has postponed its annual general meeting until December 10 is it works to manage challenges related to the coronavirus pandemic. (Read More)
June 1, 2020 – Graphene Composites Limited (GC), a nano-materials technology company that produces a range of composites that are amongst the strongest, lightest, and most resilient materials available, and G-Form LLC... (Read More)
While the reopening of businesses shut down by the coronavirus pandemic is a significant step forward, it is too soon to say how quickly or smoothly the nation’s economy will recover, National Retail Federation Chief Economist Jack Kleinhenz said. (Read More)
Wildwater, the oldest outfitter in the Southeast, announced that it has resumed activities at all five of its adventure centers with new social distancing and health guidelines in place. (Read More)
Samsonite International S.A. reported sales on a currency-neutral basis fell 7.6 percent for backpack brand Gregory and fell 48.3 percent for High Sierra in the three months ended March 31 due primarily to COVID-19 headwinds, especially in travel and tourism. (Read More)
As part of SGB Executive’s ongoing coronavirus coverage, we are highlighting companies and categories that are doing well. Our latest Coronavirus Notebook looks at how Salt Lake City, UT-based gear maker Petzl prepared for the pandemic. We also look at the potential freeze on M&A and recap our recent COVID-19 stories. (Read More)
Count Nautilus Inc. among the so-called “winners” to emerge during the time of coronavirus. Not only did shelter-in-place orders result in closed gyms and heightened social distancing measures over the last two months, forcing people to exercise in the comfort—and safety—of their own homes, but fears of a second wave of COVID-19 are likely to further drive that trend. (Read More)
Garmin Ltd. might have withdrawn its fiscal 2020 guidance due to coronavirus-related economic uncertainty, but the Olathe, KS-based maker of wearable technology and at-home fitness products emerged from the first quarter with an unusual abundance of confidence. President and CEO Cliff Pemble explains why. (Read More)
While golf is faring better than many other sports in the age of coronavirus, pain points have emerged across an otherwise solid industry. SGB Executive digs into the impact of this pandemic on golf play, manufacturing and retail. (Read More)
As the White House looks to reopen the country, our latest Coronavirus Notebook looks at this week’s grim economic news that drove the president’s decision. We also recap our recent COVID-19 business coverage in case you missed anything. (Read More)
Retail sales saw their biggest monthly drop on record during March as the coronavirus pandemic forced restaurants, bars and many stores to temporarily close across the nation and stay-at-home orders also impacted gasoline sales, the National Retail Federation said. (Read More)
Asked what they would do if the leagues resumed play before the development of a vaccine, 72 percent of Americans said they would not attend games, according to a survey released by Seton Hall University's Stillman School of Business. (Read More)
Duluth Trading announced the furlough of 68 percent of salaried staff, a pay reduction for senior leadership ranging from 10 to 20 percent, and temporary raises for workers at distribution centers in response to the extended impact from COVID-19. (Read More)
Uncharted Supply Co. helps provide furloughed Cotopaxi employees with temporary work, Cotopaxi opens warehouse to Uncharted, to streamline orders (Read More)
Nordstrom Inc. in a regulatory filing said the spread of COVID-19 has had a “substantial impact” on its business and results for the first quarter “and beyond will be adversely impacted in a significant manner.” (Read More)
A number of surveys arriving in recent days have detailed the severe impact social distancing measures to stop the spread of COVID-19 has had on U.S. retail and prospects in the near term. Some cautious optimism, however, could be found. (Read More)
For this latest installment of the Coronavirus Notebook, SGB Executive looks at more “winners” that have emerged during the COVID-19 pandemic—including a water filtration and purification brand—plus a recap of our recent coronavirus coverage in case you missed it. (Read More)