August 18, 2020
The Texas-based retailer, which struggled for years under ownership of KKR but has executed a remarkable turnaround under new CEO Ken Hicks, is now filing the preliminary documents that would allow for a public offering as soon as this year.
KSS said that its active segment outperformed for the quarter as Nike, Under Armour and Adidas all contributed to the category’s digital sales jumping more than 70%.
First half net income attributable to shareholders declined 18% to RMB 301,966,000 ($42.6 mm) from $367,362,000 last year on 17% lower revenues of RMB 2,686,126,000 ($378.9 mm) down from RMB 3,236,783,000.
The discount shoe retailer, which shuttered its 2,500 U.S. stores last summer, emerged from Chapter 11 bankruptcy under CEO Jared Margolis earlier this year.
The full-line shoe retailer filed for Ch. 11 protection in Richmond, VA, federal bankruptcy court, listing $1 to $10 million in assets and liabilities, and plans to restructure the business to continue operating.
Handgun imports jumped 22% in May to 271,335 units driven by a 27% surge in pistols, partially offset by a 26% decline in revolvers, according to ITC data compiled by the NSSF.
The U.S. Trade Representative extended through Dec. 31, 2020 exclusions from China 301 tariffs on several sporting goods categories that were set to expire on Aug. 7.