April 24, 2020
In today’s weekly issue of SGI, we mistakenly reported that Foot Locker was suspending its dividend as part of its cost saving measures in response to the coronavirus pandemic. Foot Locker is not suspending its dividend.
The maker of league licensed blankets, packs and other items filed for chapter 11 bankruptcy protection in NY, listing $10-$50 million in assets and $50-$100 million in liabilities.
Landlords for some of the bankrupt retailer’s 134 stores filed objections to the debtor’s request to extend the suspension of its chapter 11 case through May 31.
NB was awarded $1.54 million by the Shanghai Pudong People’s Court in its battle against Chinese imitator New Barlun, which was using an ‘N’ logo on footwear and apparel, the South China Morning Post reported.
Bass Pro Shops reopened its flagship Springfield, MO, Outdoor World store for curbside pickup and limited gun sales inside with social distancing, after local health authorities amended their nonessential business closure orders.