March 30, 2020
With the retail business at a virtual standstill, particularly for small retailers who lack well-developed omni-channel capability, the present coronavirus epidemic is likely to cause a dramatic change in the already shifting distribution channels in sporting goods.
Net income for the Chinese manufacturing and retail giant declined 13% to $282,292,000 in 2019 from $325,658,000, on 4% higher total sales of $10,105,387,000 up from $9,695,282,000, driven mostly by a double-digit jump in Pou Sheng retail sales.
Faced with dwindling demand for their regular products and shortages of medical supplies such as masks, gowns, and ventilators, many industry companies are reallocating manufacturing capacity to help fight Covid-19.
Tokyo 2020 Olympics, which were postponed last week by the International Olympic Committee in cooperation with the Japanese government, will tentatively begin on July 23, 2021, and run through Aug 8.
The rating s agency changed Bass Pro Group’s ratings outlook to negative from stable, but reaffirmed its Ba3 corporate family rating, Ba3-PD probability of default rating, and B1 term loan rating.
Companies that were hoping for some tariff relief in response to the coronavirus pandemic, are instead being offered better terms for payment, as the Trump Administration will suspend collection of import tariffs for three months to help their cash flow.
National parks had 13,909,288 recreational visitors last month, up 5.1% from 13,234,605 in Feb. 2019, and year-to-date visits gained 13.0% to 26,725,704 up from 23,655,622.