Industry News
Industry News Archive for dates of Tuesday, May 5, 2020 thru Monday, May 18, 2020
- Walmart just launched a line of backpacking gear 05/18/2020 outsideonline.com - The retail giant wants to increase participation and diversity in the outdoors by lowering the cost barrier.
- Thin Air conference pivots to welcome retail buyers as well as media 05/18/2020 snewsnet.com - Initially conceived as a virtual media show, Thin Air will now cater to retail buyers who want to explore new products and brands, as well. on SNEWS.
- Columbia Sportswear reopens 30 US stores 05/18/2020 gearjunkie.com - The brand will bring 250 furloughed employees back to work in 10 states while keeping an eye on safety, it said. Read what safety practices they have put in place on GearJunkie.
- The Big Gear Show postpones inaugural event to 2021 05/18/2020 shop-eat-surf.com - The Big Gear Show (BGS), a new 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...
- REI reopens in one state, new protocols nationwide 05/13/2020 gearjunkie.com - More than half of REI’s 162 retail locations in the U.S. will begin limited operations. And three stores will unlock their doors with heightened safety precautions. on GearJunkie.
- Patagonia, quick to close, could be last to reopen 05/13/2020 nytimes.com - Patagonia does not anticipate opening any locations for in-store shopping until June at the earliest and it’s prepared to wait until the fall or even early winter. Even then, it may decide...
- Spartan hosting major race June 13-14 in Jacksonville, Florida 05/13/2020 obstacleracingmedia.com - With 4,000 people expected for the event, read what steps they have put in place to try and keep participants safe on Obstacle Racing Media.
- 70% of US Olympic sports applied for PPP funds 05/13/2020 apnews.com - The Associated Press surveyed 44 of the country’s national governing bodies (NGBs) and all but four of the 36 NGBs that responded said they had applied for assistance from the Paycheck Protection...
- Yeti tops Q1 earnings and revenue estimates 05/11/2020 yahoo.com - Yeti, which belongs to the Zacks Leisure and Recreation Products industry, posted revenues of $174.41 million for the quarter ended March 2020, surpassing the Zacks Consensus Estimate by 10.67%. This compares to...
- Under Armour sales plummet 23% as coronavirus stalls turnaround plans 05/11/2020 cnbc.com - The company expects revenue could be down as much as 50% to 60% during the second quarter, as demand for its merchandise remains constrained. Read the numbers on CNBC.
- Innovation: This quarantine cans-as-dumbbell device turns your food hoarding into gains 05/11/2020 fastcompany.com - In an effort to curb the cost, hassle, and environmental effect of the the new rush to buy home exercise equipment, one innovator has created a device that makes Campbell’s soup the...
- GoPro Q1 revenue cut in half on COVID-19 softness 05/07/2020 sgbonline.com - GoPro Inc. reported first-quarter revenue was $119 million, in-line with the preliminary results published on April 15, slightly ahead of Wall Street’s expectations but down from $243 million for the same period...
- Sporting goods, home fitness, and cycling sales surge in the U.S., reports The NPD Group 05/07/2020 npd.com - As U.S. consumers tackle ways to keep themselves and their families busy, active, and fit during this time of social distancing, sports and home fitness equipment as well as children’s and adult...
- To boost shopping searches, Google makes a meaningful shift 05/06/2020 snewsnet.com - The tech giant will now display inventory from local retailers for free, a potentially massive boon for small, independent shops. on SNEWS.
- Reopening the national park system: What’s open 05/06/2020 nationalparkstraveler.org - Click here to see the growing list of national parks that are now open to visitors.
- Peloton Q3 earnings show huge revenue and membership spikes 05/06/2020 yahoo.com - Peloton bested Wall Street's high expectations, delivering a huge quarterly earnings report Wednesday that showed revenues climbing 66%. The company posted total revenues of $524.6 million for the quarter, besting estimates of $488.5...
- Fitbit swings to profit in Q1 but misses estimates 05/06/2020 alphastreet.com - Revenue dropped by 31% due to weakness in pricing and devices sold. The company sold 2.2 million devices, down 26% year-over-year, due to the introduction of one new product in the latest...
