April 09, 2020
The chain, where three quarters of its 150 stores remain open because gun sales have been designated essential in many states, told employees that salaried employees will see pay reduced 7-15% and senior management will take a 20% pay cut.
The shutdown of schools is expected to cause a material decline in revenue and profit of the parent of BSN Sports, which also runs Varsity Spirit and Hercules Achievement, causing S&P to lower its rating on the company to CCC+ from B-.
Nike is now seen as the top clothing brand by 25% of teens, up from 23% last fall, and as the top footwear brand by 47%, up from 42%, according to the Spring 2020 edition of Piper Sandler’s Taking Stock with Teens survey.
Adidas and Carbon, its 3D Futurecraft sole provider, are collaborating to producing 3D-printed face shields for healthcare workers during the coronavirus pandemic.
Chinese retail sales at YY’s Pou Sheng subsidiary dropped 38% in Mar. to $215,613,000 from $350,194,000 last year but that was considerably better than the 83% decline in Feb. due to store closures and reduced traffic from the coronavirus.
Most golf courses in the Northeast, North Central and West have been shut down by bans on non-essential businesses and stay-at-home orders, but many courses in the southern U.S. are still open, according to NGF research.