Without places for consumers to recreate or easily buy gear and apparel during the coronavirus, outdoor brands have gotten crushed in the process. And Newell Brands—parent of Coleman and Marmot—is the latest to publicly announce just how bad things have gotten in this space.
Results for "coronavirus"
Microban Benefiting From Heightened Focus On Cleanliness
For Microban International. Ltd., the specialist in antimicrobial and odor control solutions, one benefit from COVID-19 has been the increased focus on sanitization and the company is accelerating the development of custom antiviral solutions for textiles. Here, Brian Aylward, Microban’s senior director, global textiles business, discusses the elevated opportunities around antimicrobial technologies created by the pandemic that he expects will make Microban a household name.
Trump Threatens New China Tariffs
President Donald Trump threatened to impose further tariffs to punish China for its handling of the pandemic.
Apex Global Brands Posts Loss In Q4
Apex Global Brands, the parent of Hi-Tec and Cherokee, reported a net loss of $1.1 million in the fourth quarter ended February 1 compared to net income of $0.2 million a year ago. Revenues declined to $5.5 million from $6.1 million.
Clarus Terminates SKB Acquisition Due To COVID-19 Uncertainty
Clarus Corp., in an 8-K filing Friday morning, said it was terminating its planned acquisition of protective case manufacturer S.K.B. Corporation (SKB) due to “recent events surrounding the COVID-19 global pandemic, and the economic uncertainties in the United States and globally.”
Is Your Outdoor Brand Eligible For Tariff Relief?
A Thursday webcast hosted by the Outdoor Industry Association outlined the ways that outdoor brands that make a variety of products can apply for tariff exclusions or deferrals, saving them money during this difficult time. It’s a tricky process, but here are a few tips on how to begin.
Aisle Talk Week Of April 27, 2020
Top National Stories and the Latest Headlines from SGB Updates across the Active Lifestyle Market during the week of April 20, 2020.
NRA Cancels National Rifle & Pistol Championships Due To COVID-19
The National Rifle Association (NRA) has decided to cancel the 2020 NRA Precision Pistol Championships, July 1-5; NRA High Power Championships, August 9-25; and the 2020 NRA Smallbore Championships scheduled for July 23-August 4 due to the coronavirus.
Unifi Posts Loss On Impairment Charge Tied To Sale
Unifi Inc. reported that it completed sale of its 34 percent interest in Parkdale America, LLC (PAL) to the existing majority partner, Parkdale, Inc., in an all-cash transaction for $60.0 million. The fibers manufacturer also posted a loss in the third quarter ended March 2 after a charge related to the sale.
Delta Apparel Ekes Out EPS Beat In Q1
Delta Apparel Inc. reported earnings per share for its fiscal second quarter ended March 28 of 19 cents, beating analysts’ estimates by 1 cent while revenue of $96.7 million was in line with Wall Street’s targets—two notable achievements as the coronavirus impacted business in the latter half of the period.
Macy’s Plans To Reopen 68 Stores On Monday
Macy’s Inc plans to reopen 68 stores on Monday in states that reduced coronavirus lockdown restrictions, according to the Wall Street Journal.
How COVID-19 Is Impacting The Outdoor Recreation Industry
The outdoor recreation industry is facing dramatically decreased sales and revenue, difficulties with production and distribution, and large numbers of furloughs and layoffs due to the coronavirus, according to member survey from the Outdoor Recreation Roundtable (ORR).
Beachbody Tops Two Million Subscribers Amid Surge In Fitness Streaming
As the coronavirus has closed gyms and kept people working out at home, Beachbody announced that its Beachbody On Demand streaming platform has surpassed two million subscribers.
Rocky Brands Leans On Essential Businesses, E-Commerce In Q1
Two-thirds of Rocky Brands Inc.’s wholesale partners have been deemed essential during the coronavirus crisis, while the company’s own e-commerce channel has seen a spike in sales, both of which helped the company navigate an otherwise difficult first quarter.
Shimano’s Revenues Slump 12 Percent In Q1
Shimano Inc. reported operating income decreased 22.3 percent in the first quarter as sales fell 12.3 percent.