Net loss at Brazil’s largest sporting goods retailer, and Nike’s distributor there, was BRL 102,287,000 ($19.0 mm) in the second quarter against a profit of BRL 111,829,000 last year, as closed stores sent revenues tumbling 54% to BRL 312,859,000 ($58.1 mm) from BRL 685,769,000. The pandemic’s spread had closed all 211 stores at the beginning of the quarter, but 147 reopened by the end of June. Brick & mortar sales were down 88% to BRL 66,717,000, and comps dropped 89%. E-commerce was bright spot, growing 87% in the quarter to BRL 246,142,000, including ... Log in to view full article.