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 might have withdrawn its fiscal 2020 guidance due to coronavirus-related economic uncertainty, but the Olathe, KS-based maker of wearable technology and at-home fitness products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.
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How Coronavirus Is Teeing Off On The Golf Industry
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.
April 17 Coronavirus Notebook: Retail Woes, Reopening Plans And 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.
March Retail Sales Plummet During Coronavirus Pandemic
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.
Nearly 3 of 4 Americans Say They Won’t Attend Games Without Coronavirus Vaccine
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.
Duluth Trading Announces Additional Coronavirus Measures
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.
Utah Brands Cotopaxi And Uncharted Supply Co. Partner To Keep Business Rolling And Employees Paid Amid Coronavirus Pandemic
Uncharted Supply Co. helps provide furloughed Cotopaxi employees with temporary work, Cotopaxi opens warehouse to Uncharted, to streamline orders
Nordstrom Warns Coronavirus May Lead to “Distressed” Financial Condition
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.”
Surveys On Coronavirus Impact Underscore Near-Term Challenges
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.
April 6 Coronavirus Notebook: Who Else Is ‘Winning’ During Crisis?
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.
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