August 11, 2020
Comprehensive loss expanded to CAD 48.1 million ($34.7 mm) from a loss of CAD 25.5 million last year, on revenues that dropped 63% to CAD 26.1 million ($18.8 mm) from CAD 71.1 million.
Net loss was BRL 75,354,000 ($14.0 mm) in the second quarter at Under Armour’s Brazilian partner, against a profit of BRL 30,004,000 last year on revenues that plunged 70% to just BRL 98,681,000 ($18.3 mm) down from BRL 326,978,000.
Revenue jumped 19% in the second quarter to $285,636,000 from $241,029,000 with strong performances from the Cycling Sports Group and Pacific Cycle divisions, but Caloi declined due to longer store closures in Brazil caused by the pandemic.
Retail imports in June dropped 10.5% to 1.61 million Twenty-Foot Equivalent Units, worse than projections, according to the NRF’s Port Tracker, as the retail group opined that retailers are being careful not to import more than they can sell.
DLA said that revenues grew 10% last month, including a 9% improvement from the Delta Group and a 23% gain from Salt Life.
Boulder, CO-based EcoVessel has acquired food storage and reusable container company U-Konserve.
Harold Sells, who convinced his boss at F.W. Woolworth to build a chain of sneaker stores in the 1970s that became Foot Locker, died July 29 at the age of 92.