SGB Update Outdoor

Canada’s Sail Outdoors Files For Bankruptcy Protection

Sail Outdoors Inc., which operates 18 outdoor stores in Canada under the Sail and Sportium banners, has filed for bankruptcy protection in response to challenges posed by COVID-19 with a plan to restructure finances.

Duluth Trading Sees Modest Q1 Revenue Decline

Duluth Holdings Inc. the holding company of Duluth Trading, reported only a modest sales decline in the first quarter of May 3 as an acceleration of online sales helped to make up for store closures tied to COVID-19. Losses doubled in the traditionally-slow period for the brand.

Columbia Sportswear Closes Stores During George Floyd’s Memorial Services

Columbia Sportswear in an internal memo said it will be closing all its stores for two hours during George Floyd’s memorial service, make donations to the NAACP Legal Defense Fund and the Marshall Project, and double-match contributions by employees to non-profits addressing racism.

Wolverine Seeing Online Sales Surge In Second Quarter

Wolverine World Wide Inc., in a business update, said owned e-commerce grew more than 90 percent in the first nine weeks of the second quarter of fiscal 2020, helping the company deliver a better-than-expected performance so far in the period.

L.L. Bean Repens Flagship In Freeport

L.L. Bean announced it is opening its flagship store in Freeport, ME along with outlets also in Freeport, Bangor, and Ellsworth, ME respectively.

AseanBike 2020 Cancelled; Will Reset as 2021 Show

Messe Friedrichshafen and N.C.C. Exhibition Organizer (NEO) have decided to cancel the AseanBike bicycle trade show in Bangkok, Thailand originally scheduled to run October 29-31, 2020.

Camping World’s CFO Resigns

Camping World Holdings Inc. announced the promotion of five executives within the company including the promotion of Karin Bell to the position of CFO succeeding Melvin Flanigan who is resigning from the company for personal reasons.

Wigwam Mills Lays Off Employees Due To COVID-19

In a letter to the Department of Workforce Development, Wigwam Mills said approximately 121 of its 142 employees will be laid off due to the “adverse impact” COVID-19 has had on its operations and sales.

Dick’s SG Swings To Fiscal Q1 Loss As Sales Fall 30 Percent

Dick’s Sporting Goods reported a consolidated net loss of $143.4 million, or $1.71 per diluted share, for the first quarter ended May 2, compared to a net income of $57.5 million, or 61 per diluted share, in the year-ago quarter.

NRF Issues Statement On Incidents At Retail Stores

In response to the incidents involving retailers following the death of George Floyd, NRF’s President and CEO Matthew Shay said in a statement, “Defacing, looting and plundering businesses, whether viewed as a direct outgrowth of fury or an opportunistic act of vandalism and theft, impedes progress and healing.”

VF’s CEO In Employee Memo Compares Racism To Virus

In a letter sent May 30 to all employees entitled, “Racism is another virus to eradicate,” VF chairman, president and CEO Steve Rendle called George Floyd’s death “tragic” and “stomach-churning” — and likened racism to the coronavirus pandemic.