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Results for "coronavirus"
Patagonia Selling Online Again
Patagonia, which closed both its stores and e-commerce operations on March 13 in an early response to the spread of COVID-19, has resumed online selling.
RunSignup Releases Looking Forward Guidelines For Races
RunSignup has released a working draft of Looking Forward Guidelines for Races. This living document was created with input from dozens of race directors, timers, governing bodies, and other industry partners. It is intended to provide ideas for a path forward for races when coronavirus restrictions are lifted.
Crocs Salvages Q1 But Increasingly Fierce Headwinds Loom
A strong start to Q1 helped Crocs Inc. withstand the severe financial hit that came in March as the coronavirus sparked rampant store closures and declining consumer spending. But global economic softness and the slow reopening of businesses in many markets where Crocs operates will provide significantly fiercer headwinds for the company.
Target’s Q1 Earnings Impacted By COVID-Related Costs
Target Corp. said quarter-to-date, total company comparable sales have grown more than 7 percent, but warned that a number of factors will reduce first-quarter profitability. These include investments in pay and benefits to support team members during the COVID-19 crisis and a shift in category mix towards lower-margin categories.
Retailers Urge Federal Pandemic Insurance Program Similar To 9/11 Terrorism Coverage
The National Retail Federation today called on Congress to pass legislation establishing a federal program that would help businesses obtain insurance coverage for pandemics modeled on a program for terrorism insurance established following 9/11.
USA Track And Field Faces Lay Offs
USA Track and Field (USATF) has laid off seven people from its 65-person staff and CEO Max Siegel is taking a 20 percent pay cut to offset lost revenue due to the coronavirus pandemic, according to the Associated Press.
Moody’s Assigns A3 Rating To VF’s Proposed Debt Offering, Outlook Revised To Negative
Moody’s Investors Service assigned an A3 rating to VF Corp’s proposed senior unsecured note offering. All other ratings for the company were affirmed, including the A3 senior unsecured rating and Prime-2 commercial paper rating. The rating outlook was changed to negative from stable.
National Parks To Reopen, But Details Sketchy
At an Earth Day event at the White House on Wednesday, President Donald Trump said the country will reopen the national parks but didn’t give any details about guidelines that will be enacted around concerns over the spread of coronavirus.
‘Evolving’ Sell-In Model: Behind One Brand’s Pivot To Digital
This article, part of an occasional series on how companies are adapting to digital processes in the age of coronavirus, looks at the newly developed sell-in program for climbing shoe brand Evolv. General Manager Bill Sinoff shares the reasoning behind it and why some components of this new model may stick around.
Report: Lord & Taylor Exploring Bankruptcy
Lord & Taylor is considering filing for bankruptcy after being forced to close all of its 38 U.S. department stores amid the coronavirus crisis, according to a report from Reuters.
Peloton To Resume Live Classes
Peloton Interactive Inc. said it plans to resume live classes on the Peloton app, bike, and treadmill starting Wednesday, about a week earlier than planned.
Face Protection Brands Having A Moment
The hottest category this side of a six-foot social distance is the ubiquitous neck tube primarily used in a variety of outdoor pursuits to protect wearers from the elements. Now, the makers of those products have seen demand spike as consumers look to protect themselves from the coronavirus.
How Is COVID-19 Impacting Gen Z?
Many members of Gen Z are struggling with adolescence and now have to deal with COVID-19. A number of surveys have detailed the challenges younger generations are facing handling social distancing restrictions and COVID-19’s potential fallout.
Equinox’s Debt Rating Lowered
Standard & Poors Corp. reduced its debt rating on Equinox Holdings Inc. due to operating restrictions imposed by the coronavirus.