May 27, 2020 Sports Leagues Reveal Plans to Ramp Up as Pandemic Abates
Professional leagues and amateur associations continue to make moves towards resuming play with a series of late May announcements detailing strategies and obstacles to getting athletes back on the field. Big 5 Sees Business Improving in May
Net loss was $4,611,000 in the first quarter lapping a $1,664,000 profit as sales slipped 11% to $217,736,000 from $245,286,000 last year that included exceptional sell-though from the extended winter season in Q1’19. Covid-19 Hits Industry Sales, Employment in April
Over half of industry companies saw sales declines of 50% or greater during the month of April compared to the prior year and 76% of them received some form of government financial assistance, according to a May survey conducted by SFIA of 228 vendors, retailers and others. Goldwin Sees Red Ink in Q4, Warns of Lower Sales and Profits in FY21
Net loss in fiscal Q4 ended Mar. 31 was ¥686 million ($6.3 mm) against income of ¥1,631 million last year on a 4% increase in revenues to ¥22,056 million ($202.4 mm) from ¥21,228 million at the Japanese apparel company. Globeride Has Q4 Loss, But Sales Held Steady
The Daiwa Fishing parent and Prince distributor in Japan had a loss of ¥835 million ($7.7 mm) in the final fiscal quarter ended Mar. 31 against a profit of ¥214 million last year, on 1% lower sales of ¥21,922 million ($201.2 mm) down from ¥22,045 million. Dunlop Sports Sees Event Cancellations, Club Closures Hit Q1 Sales
Sumitomo Rubber’s sports division swung to a ¥397 million ($3.6 mm) loss in the first quarter from a profit of ¥857 million last year on 14% lower revenues of ¥17,351 million ($159.3 mm) compared to ¥20,165 million. Covid-19 Updates: Burton, 5.11, Igloo
Burton cancelled the 2021 U.S. Open snowboarding championship, which was scheduled to take place Mar. 1-6 next year at Vail Mountain’s Golden Peak, citing both public health risk and financial risk for the company given the unknown trajectory of the coronavirus pandemic.
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