February 26, 2020
As more details of COVID-19’s spread came out in the weeks following the Chinese New Year, the immediate hit to Chinese retail from store closures and dwindling traffic gave way to an acknowledgement that supply chains faced potential disruption that could last for months.
While SRG continued to report progress on its strategic initiatives, two of its three sports banners saw sales reduced by the impact of the Australian wildfires that hit during the key Holiday selling season and closed a number of stores, it said on a trading update on the first half ended Dec. 28.
CODI’s 5.11 Tactical sales improved 14% in the final quarter to $109,667,000 from $95,900,000 driving adjusted EBITDA of $15,290,000, up 39% from $10,989,000 prior.
He will replace Mitch Whitaker who returns to Asia in a new role as VP and managing director of VF Japan.