June 15, 2020
Consumers will buy more casual apparel, shop more on line and have fewer department stores to visit as a result of the recent Covis-19 crisis, HBI management told the Evercore ISI virtual conference.
Skechers said it will continue to invest in upgrading its ominchannel capabilities, as e-commerce is still generating strong year-over-year gains following the 250% quarter-to-date jump reported at the end of April.
Net loss for the fiscal year ended Mar. 31 was ¥732 million ($6.7 mm) against a profit of ¥4,209 million last year on 14% lower revenues of ¥23,787 million ($218.3 mm) down from ¥27,771 million attributed to the Covid-19 pandemic which interfered with the launch of new BERES 07 and TR 20 club models.
The down under retailer is offering one new share for every seven shares owed in an entitlement offering at a fixed price of A$7.19, with the goal of raising about A$203 million to bolster liquidity and finance strategic growth initiatives.
JCP’s largest landlords, Simon Property Group and Brookfield Property Partners, have joined forces with Authentic Brands Group to contemplate buying the bankrupt retailer, Bloomberg reported.
The Nike founder and chairman will be awarded an honorary doctorate from his alma mater in a virtual ceremony this Saturday.
A big increase in pistol imports drove total handgun imports up 28% to 272,057 units in March, though revolver imports fell, according to ITC data compiled by the NSSF.