August 14, 2020
The global sneaker market had another strong year of growth, propelled mainly by growth in the U.S. and China, to $70,937 million.
Net loss attributable to shareholders was $136,758,000 for the first half of 2020, against income of $165,877,000 last year, as revenues slid 19% to $4,085,633,000 from $5,070,727,000 with both the manufacturing and retail businesses suffering declines.
Adjusted sales for sporting goods/hobby/book and music stores continued their post lockdown momentum, increasing 18% year-over-year in July to $8,257 million from $6,845 million, but contracted 5% from June, according to Commerce Dept. data.
The licensed apparel retailer raised an additional $350 million in a Series E round that valued it at about $6.2 billion, the Wall Street Journal reported, and would likely be the last private funding it received before an IPO.
Private equity firm General Atlantic is acquiring a 21% stake in the British performance apparel company, and will also receive a seat on its board, Bloomberg reported.