July 15, 2020
While it is forecasting a decease of up to 25% for the first six months of the year from operations and up to 35% when taking into account its share of the loss from the Amer acquisition, Anta reported all stores and factories have resumed normal operations, and it had sufficient cash to weather the crisis with at least RMB 20 billion ($2.86 bb) on hand.
Retail industry groups are pressing for a uniform national facemask mandate in response to reported confusion among customers and a series of violent incidents by customers against retailer workers over mask requirements.
The Navajo Nation’s Council Delegate Jamie Henio has withdrawn his sponsorship of tribal legislation to authorize the acquisition of the ailing gun maker, according to the Farmington (NM) Daily Times.
The online marketplace said that May and June 2020 were the two biggest buyer months in the company’s history, and that it recorded 18 of its top 20 sales days ever in Q2.
New Era is bringing back most of its furloughed workers in July and August, but will cut 187 jobs overall, including 117 at its Buffalo, NY, headquarters, the Buffalo News reported.
Olin Corp. selected Scott Sutton, an OLN board member and current CEO of specialty minerals producer Prince International Corporation, to succeed John Fischer as president and chief executive officer.
The Kalamazoo, MI-based retailer elevated 17-year company veteran Brummitt to lead it out of the slowdown caused by Covid-19, Crain’s Detroit Business reported.