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.
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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.
Acushnet Withdraws Guidance Due To Coronavirus Disruption
Acushnet Holdings Corp., the parent of Titleist, FootJoy and KJUS, said in a regulatory statement it has withdrawn its guidance for 2020 and increased borrowings under its credit facility due to the “unprecedented uncertainty” caused by the coronavirus pandemic.
Simms’ Wader Makers Step Into Medical Supply Production Aid In Response To Coronavirus Shortages
U.S. wader manufacturing facility will produce medical gowns for local hospital and other facilities
Running Event Organizers Seek Coronavirus Relief
Running USA along with Spartan Race, Ironman, Tough Mudder, Rock & Roll Marathon Series, USA Triathlon, USA Cycling, and imATHLETE / EnMotive has joined together to ask Congress for relief from canceled and postponement of events due to the coronavirus.
Consumers Shifting E-commerce Spending Toward Apparel And Footwear During Coronavirus Outbreak
Consumers in the U.S. are shifting their share of e-commerce spending toward apparel, footwear and accessories as the COVID-19 outbreak continues, according to new data from Klarna, a payments platform.
Athletic Directors Survey Identifies Coronavirus Concerns
A survey of more than 100 athletic directors from the Football Bowl Subdivision (FBS) found athletic academic progress and financial uncertainty were top concerns stemming from the coronavirus pandemic.
Zumiez Provides Coronavirus-Related Business Update
Zumiez Inc. provided a business update in response to the continued impact of COVID-19.
Boardriders Announces Coronavirus Response
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.
Why Sportsman’s Warehouse Is Well-Positioned During The Coronavirus Crisis
Jon Barker, CEO of Sportsman’s Warehouse Holdings Inc., says the company is “positioned as well as anyone” in sporting goods retail in terms of dealing with the coronavirus—but it goes beyond selling firearms and ammunition. He spoke with SGB Executive about why Sportsman’s is in such a good spot.
PVH Posts Q4 Beat But Coronavirus Poses ‘Significant’ Impact In 2020
PVH Corp. reported non-GAAP earnings per share for the fourth quarter of $1.88, topping Wall Street’s estimates by 7 cents. Q4 revenue of $2.6 billion beat expectations by $140 million. PVH, like most public companies, withdrew guidance for 2020 due to the coronavirus.
Wimbledon Tennis Tournament Canceled Amid Coronavirus Pandemic
Wimbledon tennis championships, due to begin on June 29, have been canceled by organizers because of the ongoing coronavirus outbreak. The move marks the first cancellation of the event since World War II.
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