Fallout from the coronavirus pandemic continues to rankle the active-lifestyle marketplace. Most retailers have temporarily closed their doors. Sports leagues show no signs of resuming play. And now the Summer Olympics has been postponed until 2021. The ripple effect of the coronavirus (COVID-19) is reaching new pockets of the U.S. economy and will linger for months to come. (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)
Mergers and acquisitions are slowing to a crawl due to the coronavirus outbreak, but buyers and sellers can use this time to prepare for the surge of activity that's sure to occur once business normalcy returns. SGB Executive examines the current M&A landscape and offers tips for navigating either side of the deal. (Read More)
Winnebago Industries Inc. on Monday announced it will be temporarily suspending most production activities at the company’s Winnebago, Grand Design RV, Newmar and Chris-Craft facilities in response to the national spread of the coronavirus. (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)
Peloton announced that it will temporarily suspend the sale and delivery of Tread, its treadmill, because the size of the machine is too large to deliver to customers who are social distancing amid the coronavirus pandemic. (Read More)
The National Retail Federation, along with dozens of other trade associations, sent a letter to President Trump over the weekend outlining their concerns over the impact the coronavirus is having their members’ businesses. (Read More)
Duluth Holdings Inc., the parent of Duluth Trading, plans to reduce new store openings and take other measures that will curtail expenses and capital spending in 2020 to weather the expected fallout from the coronavirus outbreak. Said Stephen Schlecht, executive chairman and CEO, "Our plans for fiscal 2020 made just a few weeks ago are already out of date and under review." (Read More)
New Balance is temporarily closing its offices, factories and owned stores in the United States, Canada and Western Europe from March 16 until at least March 27 in response to the COVID-19 pandemic. (Read More)
Keen Inc. has made a pledge to provide up to 100,000 pairs—about $10,000,000 in shoes—to the workers on the front lines and the families at home fighting through the coronavirus crisis. (Read More)
In response to the coronavirus, consumers are purchasing ammunition at an unprecedented rate, according to a recent study by Ammo.com. (Read More)
Online sales could get a significant bump as Americans head indoors and avoid stores to help stop the spread of coronavirus but supply chain issues, out-of-stocks and eroding consumer confidence may hold back some gains. (Read More)
The NPD Group believes the postponement of most of the major sports leagues’ seasons due to the coronavirus outbreak will have a minimal impact on athletic footwear sales but may cause some near-term pain for the licensed sports category. (Read More)
Canadian Tire Corp. announced that in response to the growing concern surrounding COVID-19, it will reduce operating hours at Canadian Tire Retail and temporarily close its other retail stores, including Mark's/L'Équipeur, SportChek, Atmosphere, Party City, Pro Hockey Life, National Sports and PartSource. (Read More)
Vail Resorts Inc. provided updated commentary on its fiscal 2020 results and the evolving impact of Covid-19 on its business and results of operations. The company projects its operating results for March and April will have a negative impact of $180 million to $200 million compared to the resort reported EBITDA the company had as of March 1. (Read More)
Outdoor Industry Association (OIA) last week joined 23 trade associations in sending a letter to Larry Kudlow, Director of the National Economic Council under President Trump, urging the President to lift punitive tariffs that were imposed on products sourced from China. (Read More)
New Wave Group, the Swedish-based owner of Ahead, Auclair, Craft and Cutter & Buck, said it is largely affected by the spread of the coronavirus. The demand for the group's products and services is expected to be significantly reduced for all operating segments during the remainder of the first calendar quarter of 2020. (Read More)
The chaos that coronavirus is causing across the active lifestyle marketplace is unprecedented. And while it’s hard to claim any “winners” when an outbreak such as Covid-19 is wreaking so much havoc on everyday life, a couple of categories in this space stand to benefit—firearms and at-home fitness manufacturers. (Read More)
Designer Brands Inc. announced an extensive cost-savings plan to offset the expected fallout from the coronavirus outbreak. The parent of DSW also announced it is temporarily closing its stores while reporting fourth-quarter results showed some sequential improvement. (Read More)
Prana, released a statement from brand President, Russ Hopcus, in response to the coronavirus. (Read More)