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Academy Sports Outlines Coronavirus Response To Customers

In a letter to customers, Ken Hicks, Academy Sports’ chairman, president, and CEO, announced a number of precautions the chain is taking in response to coronavirus. He wrote in part, “We are fortunate that we currently have no reported team member or customer cases and our stores and facilities remain open for business.”

Industry Executives Discuss Coronavirus Impact

The coronavirus fallout on supply chains and increasingly consumer spending was addressed extensively on quarterly conference calls last week. Many expressed vast uncertainty on what disruptions the coronavirus may have on retail. Dick’s CEO Ed Stack said, “We have no idea. I don’t think we’ve seen anything like this in a very, very long time.”

Coronavirus Closes Ski Resorts

The coronavirus has hit mountain towns especially hard, and Saturday afternoon was an inflection point for the ski industry. When Vail Resorts Inc. announced it was suspending operations at its North American ski areas, most others followed suit.

Kohl’s Postpones Investor Day Due To Coronavirus Spread

Kohl’s Corp. in a regulatory filing that it will postpone its investor day planned for Monday, March 16, as a coronavirus precaution. The retailer also noted that its certain categories “most affected by the virus” although it didn’t identify those categories.