February 28, 2020
The shortened Holiday selling season combined with a highly promotional apparel market and tough footwear comparisons pushed down net income 11% in the final quarter ended Feb. 1 to $141 million against $158 million as sales declined 2% to $2,221 million against $2,272 million that included a 1.6% comp decline.
Columbia Sportswear said its 2020 results will be “significantly affected” by the coronavirus, and will update guidance when it reports Q1 on Apr. 30.
Parent Camping World has moved aggressively to liquidate retail inventory and close those Gander stores that could not support RV sales, since it announced its strategic shift in Sep.
National parks recreational visits got off to a strong start in 2020 with an 11.6% increase in Jan. to 11,633,723 from 10,421,017.