Sporting Goods Industry News for August 04, 2020
Widespread store closures for much of the second quarter sent the Indonesian retailer’s bottom line into the red, with a loss of IDR 147,310 million ($10.3 mm) against a profit of IDR 224,528 million last year, as sales plunged 67% to IDR 653,450 million ($45.9 mm) from IDR 1,956,249 million.
The Big a’s supervisory board extended the CEO’s appointment for a second, five-year term until July 31, 2026.
The family’s investment company, Kandui Holdings, has formed Simple Shoes LLC and acquired the assets and intellectual property for the skate shoe brand from Denis Ryan’s KTSimple LLC.
The Eager Beavertons are laying off at least 500 employees at its world headquarters starting Oct. 1, according to a WARN notice filed with Oregon’s office of employment.
President Trump signed the bi-partisan bill into law, just weeks after the popular funding bill passed the Senate on June 17 and was approved by the House of Representatives on July 22, both by large margins.
The former president of Smartwool died of a suspected cardiac event during a bike ride near his home in Steamboat Springs. He was 52.