SGB Update Outdoor
L.L.Bean Begins Phased Store Reopenings At Select Locations
L.L.Bean announced it is beginning to reopen select stores in a phased approach, including limited-capacity shopping and/or curbside pick-up options as state guidelines allow.
Sales Of Outdoor And Sports Toys Surge
Amidst the COVID-19 pandemic, U.S. families are turning to outdoor play to manage social isolation measures and the cancellation of schools and organized sports. Sales of Outdoor and Sports Toys surged by $193 million during April, 2020, a 51 percent increase over the same time period last year, according to NPD Group.
VF Corp Donates More Than $10.3 Million To COVID-19 Relief Efforts
VF Corp., The VF Foundation, and the VF family of brands have donated more than $10.3 million in funds, products, and services worldwide to stem urgent medical needs, and help those struggling to cope in the face of the Coronavirus pandemic.
Walmart U.S. Q1 Same-Store Sales Climb 10 Percent
Walmart reported Q1 comp sales grew 10.0 percent in the first quarter and e-commerce surged 74 percent in its U.S. operations. The quarter included incremental costs related to COVID-19 of nearly $900 million.
Outdoor Brands Invests In Public Lands Defense
The Conservation Alliance has awarded five grants from the organization’s Public Lands Defense Fund to groups working to defend the Roadless Rule, the National Environmental Policy Act, and Cascade Siskiyou National Monument. The awards were funded with the support of Velocio, Patagonia, and The North Face.
Early Summer Months Looking Grim For Southeast Destinations
Approximately two months after destination resorts scattered throughout the Southeast were expected to launch their all-important summer season, widespread uncertainty due to the Covid-19 pandemic have brought destination visits to participating resorts to an almost virtual halt, according to DestiMetrics and Inntopia.
Solid Winter Ski Season Ends With A Thud At Western Mountain Resorts
Just six weeks after the winter season was abruptly ended on March 15 in the wake of complete ski resort closures mandated by the COVID-19 pandemic, mountain destinations “officially” ended the 2019-20 ski season at the end of April. As mountain towns emptied out quickly, lodging properties in six western states ended the season on a disappointing note, according to DestiMetrics in their monthly Market Briefing from Inntopia.
Cycling Sales Surge In First Quarter
Cycling sales increased 31 percent to $1.3 billion in the first quarter of the year, according to NPD. More than half of those sales dollars came in March as stay-at-home orders arrived across the country.
Monte Rosa Sports Acquires Odlo International
Monte Rosa Sports Holding has acquired Swiss-based apparel specialist Odlo International and its subsidiaries from Herkules Fund III.
Thin Air Virtual Media Show Invites Retailers To Register
Thin Air, the new virtual trade show for the outdoor industry to be held from June 24 to 26, has opened up registration to outdoor specialty retailers.
The Big Gear Show Postpones Inaugural Event To 2021
The Big Gear Show (BGS), an outdoor industry trade show focused on hardgoods, with an emphasis on paddling, cycling, climbing, and camping gear, announced the cancellation of its inaugural event, originally planned for July 22 to 25 in Salt Lake City.
Baffin, Salomon, ENDVR.io, And More Join Forces To Launch The Shop Local Project
Baffin, Salomon, ENDVR.io, and many more in the retail industry have come together to support independent specialty retailers facing COVID-19 through a not-for-profit initiative, The Shop Local Project.
Kind Bar Founder Invests In Yellow Leaf Hammocks
Daniel Lubetzky, founder of Kind snack bar, made a $1 million investment in Yellow Leaf Hammocks. The investment was revealed on the “Shark Tank” television show’s season finale, which aired on Friday.
VF Corp.’s Q4 Sales Sink 11 Percent
VF Corp. reported revenue in the fourth quarter ended March 31 decreased 11 percent on a reported basis and fell 10 percent in constant dollars. Among key brands, currency-neutral sales were down 6 percent at Vans, 13 percent at The North Face, 18 percent at Timberland, and 2 percent at Dickies. Companywide sales and adjusted earnings both missed Wall Street’s targets.
Columbia Sportswear To Reopen 30 U.S. Stores With An Eye On Safety And Helping Communities
Columbia Sportswear Co. will reopen 30 Columbia branded stores in ten states on Friday, May 15, 2020, bringing back more than 250 of its furloughed retail workers.
