Jan 27, 2018

Outdoor equipment sales take a hit as Millennials change fitness

A rock climber at The Trapps cliff of Shawangunk Ridge. Photo: Waring Abbott / Getty Images

Sales of outdoor equipment are slipping, and guess who's getting blamed?

The big thing: Millennials favor clothes and sporting goods that are less specialized and more versatile, AP reports from the Outdoor Retailer and Snow Show, in Denver:

  • "Millennials — ... born between 1982 and 2004 — are less likely than the previous generation to demand outdoor gear that stands up to extreme conditions."
  • Why it matters: "Millennials are outdoorsy and support environmental preservation and sustainability, ... but they have a different take on health and fitness than their predecessors. They have a more lighthearted approach that involves their friends."
  • Matt Powell of market researcher NPD Group: "The hardest, the most extreme condition some of these boots are going to have is walking from the Prius to the craft brewery."

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Coronavirus dashboard

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  1. Global: Total confirmed cases as of 5 p.m. ET: 1,331,032 — Total deaths: 73,917 — Total recoveries: 275,851Map.
  2. U.S.: Total confirmed cases as of 5 p.m. ET: 356,942 — Total deaths: 10,524 — Total recoveries: 18,999Map.
  3. 2020 update: Wisconsin governor orders in-person primary voting delayed until June.
  4. States latest: West Coast states send ventilators to New York and other states with more immediate need — Data suggest coronavirus curve may be flattening in New York, Gov. Andrew Cuomo said.
  5. World update: U.K. Prime Minister Boris Johnson moved to intensive care as coronavirus symptoms worsen.
  6. Stocks latest: The S&P 500 closed up 7% on Monday, while the Dow rose more than 1,500 points.
  7. What should I do? Pets, moving and personal health. Answers about the virus from Axios expertsWhat to know about social distancingQ&A: Minimizing your coronavirus risk.
  8. Other resources: CDC on how to avoid the virus, what to do if you get it.

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Stocks jump 7% despite bleak coronavirus projections

People passing by the New York Stock Exchange amid the coronavirus pandemic. Photo: John Nacion/NurPhoto via Getty Images

The S&P 500 closed up 7% on Monday, while the Dow rose more than 1,500 points.

Why it matters: The huge market surge comes amid rare optimistic signs that the spread of the coronavirus may be slowing in parts of the country, including New York. But government officials say this will be a difficult week, while economists — including former Fed chair Janet Yellen today — warn that the pandemic could have a catastrophic impact on the global economy.

Boris Johnson moved to intensive care as coronavirus symptoms worsen

Photo: Peter Summers/Getty Images

U.K. Prime Minister Boris Johnson has been taken to the intensive care unit of St. Thomas Hospital in London due to increasingly severe coronavirus symptoms.

The backdrop: Johnson was admitted to the hospital on Sunday for what Downing Street called "routine tests" because his condition had not improved 10 days after he tested positive for the virus. His condition has since "worsened," according to a statement, and Foreign Secretary Dominic Raab will step into his place "where necessary."

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