Results for "coronavirus"

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.

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 Said Stephen Schlecht, executive chairman and CEO, “Our plans for fiscal 2020 made just a few weeks ago are already out of date and under review.”

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.

In response to the coronavirus, consumers are purchasing ammunition at an unprecedented rate, according to a recent study by Ammo.com.

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.

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.

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.

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.

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.

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.

Prana, released a statement from brand President, Russ Hopcus, in response to the coronavirus.