May 14, 2020
The Eager Beavertons have now reopened about 40% of owned stores in EMEA, 15% in APLA and 5% in North America, and wholesale partners have also started to reopen doors, most of which have been shuttered since mid-March.
Skechers provided color on the company’s rebounding sales in Asia and capital expenditures during a virtual fireside chat with Morgan Stanley today.
Net loss attributable to shareholders was $56,281,000 in the first quarter against income of $75,494,000 last year as revenues dropped 21% to $1,969,468,000 from $2,479,385,000 hit by lower Chinese retail sales and sagging footwear demand from customers hit by Covid-19.
In what may the first sign of the new financial muscle behind it, Wilson will be taking over the contract from Spalding as the official basketball of the NBA starting with the 2021-22 season.
The Lithic hardgoods and Allforth apparel brands will be sold on Moosejaw’s and Walmart’s sites and a pilot of 50 stores in parent Walmart and in Moosejaw stores.
Sales in the first quarter dropped 11% to €116.8 million ($128.6 mm) at the Italian fitness equipment maker from €131.5 million last year on declining fitness club and wholesale sales due to the coronavirus pandemic.
Samsonite’s Gregory Mountain Products segment dipped 7% to $16.0 million from $17.3 million in the first quarter but the more casual High Sierra line fell 49% to just $6.0 million from $11.8 million.
The long-time head of operations at Hibbett Sporting Goods will take over as president of the sports industry’s leading merchandising service provider.
In the last month before the firearms market started to heat up again, Feb. handgun imports declined 12% to 204,600 units, including a 7% drop in pistol imports and a 47% falloff in revolver imports, according to ITC data compiled by the NSSF.
Asics Ventures has made an unspecified investment in Seevix Material Sciences Ltd. which produces patented man-made spidersilk branded as SVX.