August 12, 2020
Following decisions by several smaller conferences to delay football at least until the spring, the Big 10 and Pac 12 became the first power conferences to come to the conclusion that they could not safely resume fall football given the current state of the Covid-19 crisis in the U.S.
The UA logo may disappear from future editions of Steph Curry endorsed sneakers, in favor of a stylized three-point hand gesture used by the Warriors’ guard, according to fan site Lets Go Warriors, citing a “sneakerhead” source in China.
The Japanese retailer eked out a ¥17 million ($0.2 mm) profit for the fiscal year ended Jun. 30, lapping a ¥935 million loss last year, on 5% lower revenues of ¥217,943 million ($2,027.4 mm) down from ¥228,267 million.
Net loss was ¥292 million ($2.7 mm) in the fiscal first quarter ended Jun. 30, against a profit of ¥1,375 million last year, on revenues that dropped 32% to ¥12,200 million ($113.5 mm) from ¥18,074 million.
The bottom line slipped 38% to a profit of ¥448 million ($4.2 mm) in fiscal Q1 from ¥724 million last year, as sales declined 8% to ¥20,377 million (189.6 mm) from ¥22,243 million at the Daiwa Fishing parent and Japanese Prince distributor.
A $5.2 million impairment charge combined with ICON’s huge interest burden, sending the bottom line $17,435,000 into the red in Q2, against a profit of $1,271,000 last year, as licensing revenues slipped 35% to $22,277,000 from $34,394,000.
The former CEO of Vince Holding Corp. will succeed Blake Krueger as president of WWW on Sep. 8, and will assume the position of CEO “after a period of time.”
Golden Gate Capital-owned PSEB, which includes PacSun and Eddie Bauer, elevated COO Mike Relich to the position, succeeding Jim Gulmi, who is now chairman of the PSEB board.
The shipment, seized by U.S. Customs and Border Protection at the Dallas/Fort Worth port of entry, contained over 1,800 pair of counterfeit $2,000 Dior X Air Jordan 1 shoes destined for Mexico.