Helen of Troy Ltd. reported sales at its Housewares segment, which includes Hydro Flask and OXO, increased 15.0 percent in the fourth quarter ended February 29.
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Simon Property Group To Reopen 49 Malls
Numerous reports on Tuesday afternoon said Simon Property Group would reopen 49 malls that have been shuttered for more than a month due to the coronavirus.
RV Shipments Plummet 20 Percent In March
RV shipments totaled 30,288 units in March, a decrease of 20.3 percent from the 38,015 units shipped in March 2019, according to the RV Industry Association’s March 2020 survey of manufacturers.
Amid Record Sales In 2019, REI Co-Op Ramps Up Reinvestment
Last year was one of transition for REI Co-op, highlighted by a surprising and controversial change at CEO. But 2019 also saw the Kent, WA-based retail giant continue to ramp up its investment in the outdoor community.
Vail Resorts Announces Pass Credits To Make Amends For Shortened Season
After the 2019/20 ski season was cut short due to the coronavirus, Vail Resorts Inc. is making amends for skiers and snowboarders who felt they deserved compensation after not getting their money’s worth from their Epic Pass investment. The company said Monday it would offer credits to 2019/20 pass holders who purchase a 2020/21 Epic Pass.
JD Sports Suspends Dividend, Cuts Salaries
JD Sports said it will suspend its dividend, reduce the salaries of its senior management team and defer bonuses in order to support liquidity as a precautionary measure amid the COVID-19 pandemic.
Thule’s Revenues Decline In Q1
Thule Group reported sales declined 7.5 percent on a currency-neutral basis in the first quarter. Sales were down 13 percent in the Americas region and 5.7 percent in the Europe & ROW region.
Macy’s Debt Ratings Lowered
S&P Global lowered the debt ratings of Macy’s as the rating agency expects prolonged effects of social distancing and a weak environment for discretionary spending will intensify pressures on the department store sector. S&P said Macy’s also faces sizable upcoming debt maturities over the next several years and potential covenant compliance issues under its revolving credit facility.
Adidas’ Q1 Revenues Drop 19 Percent
Adidas AG reported first-quarter earnings tumbled 97 percent. Sales slumped 19 percent on a currency-neutral basis. Adidas also warned the second-quarter results would decline to a greater degree.
REI Sets Another Sales Record In 2019
REI Co-op reported 2019 sales grew 12.3 percent year-over-year to reach a record $3.1 billion, but net income of $21 million marked a 55.3 percent decrease from $47.1 million the previous year.
Adidas’ Q1 Sales Tumble With Steeper Declines Seen For Q2
Adidas on Monday reported a 19 percent drop in sales for the first quarter, as more than 70 percent of its stores worldwide remain closed as a result of Covid-19. For the second quarter, officials forecast a loss as currency-neutral sales are expected to sink more than 40 percent.
Peloton Holds Largest Class Ever
Peloton, on April 22, held its largest class ever. More than 23,000 people tuned in for more than 10 minutes each to a live workout
Survey Finds Consumers Feel Least Safe Shopping in Malls
According to a nationwide survey from First Insight taken on April 20, the majority of consumers surveyed would feel the safest shopping in grocery stores (54 percent) and drug store chains (50 percent).
Half Of Golf Courses Open With More Likely To Resume Play Soon
Forty-nine percent of golf courses in the U.S. were open for play last week with more expected to resume play in the coming weeks, according to the National Golf Foundation’s most recent COVID-19 survey.
Aisle Talk Week Of April 20, 2020
Top National Stories and the Latest Headlines from SGB Updates across the Active Lifestyle Market during the week of April 20, 2020.
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