June 09, 2020
A $79.3 million impairment charge contributed to GCO’s woes in the first quarter, helping send the bottom line deep into the red for a $134,777,000 loss against income of $6,346,000, on a 44% decline in sales to $279,232,000 from $495,651,000.
The Big a announced three initiatives to “create lasting change” and confront the cultural and systemic forces that sustain racism, in the wake of a petition from a coalition of black employees in the U.S.
Clarus is seeing solid improvement in sales as it reopens its owned retail stores, it told investors at the Stifel conference, with its six North American stores that reopened in May posting conversion rates in the 25-30% range.
Stephen B. Bratspies comes to the Champion parent from Walmart, where he most recently served as chief merchandising officer.
The online retailer hired retail veteran Melanie Cox after her most recent position as interim CEO at rue21, with stints at Wet Seal, Scoop NYC, and Urban Outfitters before that.
The Olympique Lyonnais and Norway striker will part ways with Puma and join the Swoosh in a benchmark deal for a women’s soccer player.
Retail imports declined 7.8% to 1.61 million Twenty-Foot Equivalent Units in April, according to the NRF’s Port Tracker, but were better than the initial 1.51 million TEU estimate, and jumped 17% sequentially from March.